May 25, 2026 By Blaise Udunze Nigeria’s banking industry appears to be booming, largely driven by the policies of the Central Bank of Nigeria (CBN), under Governor Olayemi Cardoso, while the real economy continues to suffocate. At a time when millions of Nigerians are sinking deeper into poverty, when inflation […]

According to the National Bureau of Statistics (NBS), Nigeria’s economy grew by 3.89% y/y in Q1-26, down from 4.07% y/y in Q4-25. This print came in 1bps below Cordros’ estimate of +3.90% y/y for the quarter. Based on the Gross Domestic Product (GDP) breakdown provided, the oil sector grew slowly by […]

May 22, 2026/US Federal Reserve By Governor Christopher J. Waller Thank you, Jens, and thank you to the European Central Bank for the opportunity to speak to you today.1 Like other central banks, the Federal Reserve is confronted with how to respond to the effects of the conflict in the Middle […]