...FX reserves jump 26% on surging inflows ...Interest rates rise six times in response to galloping inflation Olayemi Cardoso is celebrating his two years in office today as governor of the Central Bank of Nigeria (CBN). So far, he has shored up foreign reserves, eased foreign exchange (FX) pressure, and steadied the naira. However, critics warn that his aggressive monetary tightening is crowding out private investment and stifling credit. Cardoso assumed office in an acting capacity
...FX reserves jump 26% on surging inflows ...Interest rates rise six times in response to galloping inflation Olayemi Cardoso is celebrating his two years in office today as governor of the Central Bank of Nigeria (CBN). So far, he has shored up foreign reserves, eased foreign exchange (FX) pressure, and steadied the naira. However, critics warn that his aggressive monetary tightening is crowding out private investment and stifling credit. Cardoso assumed office in an acting capacity