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CBN
In an interview on Arise TV on Monday, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, discussed several critical issues related to foreign exchange stability and monetary policy.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has explained that the current move to relocate departments and personnel to other branches especially Lagos is due to overpopulation at the headquarters in Abuja.
The Governor of the Central Bank of Nigeria (CBN) has said that Nigerians should not blame the apex bank for the Nation’s foreign exchange woes currently being witnessed.
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that about $2.4 billion foreign exchange backlog is not valid for settlement.
The naira traded near its all-time low despite improved liquidity.
Last week, the CBN shook the financial landscape with significant measures, as detailed in 'Follow the Money with Ugodre.
The Central Bank of Nigeria (CBN) has restricted the operations of international money transfer operators (IMTOs) to only inbound transfers, stopping outbound transfers.
Keyamo explained that the original debt to foreign airlines was about $700 million, of which the CBN has successfully cleared $136.73 million.
The exchange rate for cargo clearance witnessed an increase to N1413.6/$ barely 24 hours after CBN, raised the rate N1, 356.8/$.
The Federal Government and the Central Bank of Nigeria (CBN) have denied that there are plans to convert $30 billion domiciliary deposits to naira.
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).
CBN bans banks, fintechs from international money transfer services, hikes application fee by 1,900%
The Central Bank of Nigeria (CBN) has banned banks and financial technology companies (fintechs) from international money transfer services.