The British pound weakened against the naira amid a dovish CBN.
For eight years, Lydia Haruna (not real name) worked as a senior manager in the Development Finance Department of the Central Bank of Nigeria (CBN). She won awards for recovering over N16 billion from debtors who took cheap loans from the apex bank to farm crops from cassava to cocoa.
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has stated that the apex bank has paid another $400 million of valid FX backlog to those who were genuinely identified.
Nigeria's forex reserves have risen to $34 billion according to the governor of Nigeria's central bank, Olayemi Cardoso.
The amount of currency in circulation (CIC) has increased by about N890 billion between September 2023 and December 2023, according to the latest money and credit statistics data by the Central Bank of Nigeria (CBN).
The Governor of the Central Bank of Nigeria (CBN) has stated the bank does not have a magic wand to solve Nigeria’s current economic challenges.
