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OLAYEMI CARDOSO
The Central Bank Governor Olayemi Cardoso has announced that the forensic verification of the $7 billion FX backlogs is nearing completion.
The Central Bank of Nigeria (CBN) Governor Olayemi Cardoso announced that any violation of the newly launched Nigeria Foreign Exchange (FX) Code would attract severe penalties.
The Central Bank of Nigeria’s (CBN) latest quarterly statistical bulletin has revealed a significant 63.7% increase in international money transfer operator (IMTO) inflows for the first nine months of 2024.
The Nigerian naira broke key resistance levels at the Nigerian Autonomous Foreign Exchange Market as the Central Bank of Nigeria implemented the new Electronic Foreign Exchange Matching System this week
The Central Bank of Nigeria (CBN) urges bank customers to report ATM and branch cash withdrawal difficulties starting December 1, 2024, through designated state-specific phone numbers and email addresses.
Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has revealed that the soon-to-be-introduced electronic FX matching system will address the disconnect between the current naira-to-dollar exchange rate and the naira’s true market value.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, asserted that the value of the naira has shown remarkable stability since June 2024, despite challenges in the global and domestic economic landscapes.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, emphasized that the country's monetary policy would remain focused on orthodox strategies in a firm commitment to tackling inflation.
The naira showed mild strength against the haven currency in the last trading session of the week in the official foreign exchange market.
Nigeria is contemplating the issuance of a diaspora bond in the United States next year, aiming to secure monthly remittance inflows of $1 billion, according to Central Bank Governor Olayemi Cardoso.
The federal government has appointed a 10-man inter-ministerial committee comprising of the Minister of Finance, Wale Edun, Governor of the Central Bank, Olayemi Cardoso and eight others to enforce the supreme court judgement on local government autonomy delivered in July, 2024.
At least three members of the Monetary Policy Committee (MPC) voted to retain the Monetary Policy Rate (MPR) at 26.25% during the MPC meeting of the Central Bank of Nigeria (CBN) on July 22-23, 2024.