By Sodiq Adelakun The Central Bank of Nigeria has issued a cautionary statement to Nigeria and other West African nations regarding their borrowing practices. Traditionally, countries in the region have relied on loans from the Paris Club, a group of…
The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso says the Naira is grossly undervalued. Cardoso said this on Tuesday in Abuja, while presenting a communiqué from the 293rd meeting of the apex bank’s Monetary Policy Committee…
…As CBN raises benchmark interest rate to record 22.75% …Forensic analysis fingers $2.4bn false FX claims The Governor of the Central Bank of Nigeria (CBN) has explained that an estimated sum of N10 trillion naira interventions funded by the CBN…
The Senate on Thursday confirmed the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, as the Chairman of the Monetary Policy Committee (MPC) of the apex bank. The upper legislative chamber also confirmed the appointment of four…
…BDC to undergo overhaul as Cardoso targets currency hoarders …Says CBN’s bold reforms lead to $800m in forex transactions By Sodiq Adelakun In an address to the House of Representatives on Tuesday, Yemi Cardoso, the Governor of the Central Bank…
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says the value of the Naira is determined by the availability of foreign exchange. Cardoso said this on Tuesday in Abuja while addressing the House of Representatives on Naira…
The Central Bank of Nigeria (CBN) has pledged to deal decisively with any bank found sabotaging monetary policies or guilty of unauthorised withdrawals from customer accounts. The Governor of the apex bank, Mr Olayemi Cardoso made the pledge on Tuesday…
Central Bank of Nigeria Governor, Olayemi Cardoso, says Nigeria’s outstanding foreign exchange backlog owed across economic sectors has dropped to $2.2 billion. Cardoso disclosed this during a recent interview on Arise Television. He said the apex bank had cleared $2.3…
Central Bank of Nigeria, CBN, Governor, Yemi Cardoso, has said the pump price of petrol will fall in 2024. Cardoso explained that the fall in the price of petrol would be due to government and private-owned refineries that commenced operation.…
The Central Bank of Nigeria (CBN) has scheduled the first Monetary Policy Committee (MPC) meeting, under the tenure of Mr Olayemi Cardoso as governor, for Feb. 26 and Feb. 27. According to a statement by CBN’s Acting Director, Corporate Communications…
