In a public lecture organized by the Nigerian Economic Society, Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, urged Nigerians to be patient...
In defiance of the Federal Government’s crackdown on foreign exchange market speculators, the Nigerian naira continued its downward slide on Tuesday, particularly in the parallel market....
The Nigerian Autonomous Foreign Exchange Market witnessed a slight appreciation of the naira against the United States dollar on Thursday, closing at N1,498.25/$, compared to...
In a crucial meeting with the Senate Joint Committee on Banking and Insurance, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, emphasized the...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, declared on Friday that the bank would no longer extend Ways and Means to the...
The official Nigeria Autonomous Foreign Exchange Market witnessed a surge in foreign exchange transactions, reaching a staggering $584 million, as reported by data from the...
In a fresh move that echoes a similar strategy employed eight months ago, the Central Bank of Nigeria (CBN) has once again opted to float the...
Central Bank of Nigeria (CBN) Governor Yemi Cardoso disclosed that the CBN has uncovered deceptive foreign overdue claims amounting to $2.4 billion. This discovery, made...
In a bid to stabilize Nigeria’s fluctuating exchange rate, the Central Bank of Nigeria (CBN) has issued a directive compelling Deposit Money Banks to liquidate their...
In a bid to tackle foreign currency speculation and hoarding by commercial banks, the Central Bank of Nigeria (CBN) has released a circular containing new guidelines....