• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, October 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria Lost N6.2trn To Forex Subsidy, Says CBN Gov Cardoso

by Bukola Aro-Lambo and Jeremy
11 months ago
in Business
CBN governor, Dr Olayemi Cardoso

CBN governor, Dr Olayemi Cardoso

Share on WhatsAppShare on FacebookShare on XTelegram

RELATED NEWS

Bitget Introduces GetAgent Making Nigeria Traders To Become Market Pro

Firm Supports Maternal Health, Donates Medical Equipment In Lagos

Afreximbank Aims For $250bn Balance Sheet Growth In 10 Years

Amendment: Don’t Weaken Social Insurance Trust Fund Act, Private Sector Warns Lawmakers

The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has revealed that the country lost more to foreign exchange subsidy than it spent on fuel subsidy.

Advertisement

According to him, Nigeria lost around N6.2trillion to harsh foreign exchange policies and subsidy in the year 2022 compared to N4.5trillion that the country spent on fuel subsidy in the same year.

Speaking at the 2024 Bankers Dinner, Cardoso described foreign exchange subsidy as “the real elephant in the room.”

Advertisement

Details Later…

Join Our WhatsApp Channel


SendShareTweetShare

OTHER NEWS UPDATES

Bitget Introduces GetAgent Making Nigeria Traders To Become Market Pro
Business

Bitget Introduces GetAgent Making Nigeria Traders To Become Market Pro

9 hours ago
APM Terminals Confirms $500m Planned  Investment Into Nigeria Economy
Business

Firm Supports Maternal Health, Donates Medical Equipment In Lagos

15 hours ago
Afreximbank Confirms Release Of $3.175bn Syndicated Credit To Nigeria
Business

Afreximbank Aims For $250bn Balance Sheet Growth In 10 Years

15 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

2027: Group Promises 2m Votes For Tinubu, Uba Sani

41 minutes ago

‘Abu Ibrahim Risked Jail For Fellow Senators After June 12 Annulment’, Tinubu Hails On Ex-Katsina South Senator At 80

42 minutes ago

Circuits, Mount Zion, Sozo Films Unite To Revive Iconic Gospel Series ‘Agbara Nla’

1 hour ago

‘They Lied To Us’, Peter Obi Accuses NFF Of Abandoning FIFA Stadium Project In Anambra

1 hour ago

‘Irresponsible Organisation’, Sowore Slams Police After Release From Detention

2 hours ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.