The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has revealed that security agencies including the Economic and Financial Crimes Commission are currently investigating questionable foreign exchange allocations and…
Central Bank of Nigeria
Central Bank Of Nigeria Raises Interest Rate To Twenty Four Percent
In an effort to tackle rising inflation, the Central Bank of Nigeria has raised the monetary policy rate, known as the interest rate, by 200 basis points per cent to…
FX Backlog: Foreign Airlines Fault CBN’s Settlement Claim, Insist $700m Still Trapped
Foreign Airlines operating in the country have faulted the announcement by the Central Bank of Nigeria, CBN, that it has settled all outstanding backlog of valid foreign exchange claims. The…
Dump Your Dollars To Avoid Tears, Naira Will Appreciate – Presidency Warns FX Speculators
The Presidency has warned forex speculators that the Naira will soon appreciate. President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, urged speculators to quickly dump their dollars…
CBN Governor, Cardoso,Claims Conflict, natural disasters threatening countries’ financial stability
The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has said that conflict and natural disasters have put countries’ financial stability at risk. Cardoso gave the warning in…
Edo Governor Obaseki Faults CBN’s Decision to Raise Monetary Policy
Edo State Governor, Godwin Obaseki has faulted the Central Bank of Nigeria for raising the Monetary Policy Rate by twenty-two seven five percent, arguing that the decision is not the…