The governor of the Central Bank of Nigeria, Olayemi Cardoso, says continued liquidity in the foreign exchange market will sustain naira’s appreciation. Cardoso disclosed this on Wednesday during the ongoing International Monetary Fund/World Bank Spring Meetings held in Washington, D.C., United States. He explained that Nigeria’s FX market has sufficient liquidity, between $600 million and […]
CBN Gov Cardoso insists all FX backlogs cleared
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, says those claiming the foreign exchange backlog has not been cleared should approach the open market to verify the situation. The CBN governor insisted that all valid FX backlog had been cleared. Cardoso spoke Tuesday while briefing journalists at the end of the 294th […]
CBN Governor Cardoso explains position on Binance
The Governor of the Central Bank, Olayemi Cardoso, has explained that the apex bank has continued to share information on Binance with other Nigerian government agencies. Cardoso disclosed this on Tuesday at the 294th Monetary Policy Commission Meeting Press Briefing in Abuja. According to him, the information from other agencies was very positive. He, however, […]
CBN sells dollars to BDCs at N1,251/$1
Food insecurity: CBN announces allocation of 2.15m bags of fertilizers worth over N100bn
The Central Bank of Nigeria, CBN, has announced the allocation of 2.15 million bags of fertilizers worth over N100 billion to the Federal Ministry of Agriculture and Food Security. CBN Governor, Olayemi Cardoso disclosed this during his recent visit to Abubakar Kyari, the minister of agriculture and food security in Abuja. He noted that the […]
Hardship: Sack CBN gov, Cardoso – Bwala tells Tinubu how to solve forex crisis
A former spokesman of the Atiku-Okowa presidential campaign council, Daniel Bwala, has urged President Bola Tinubu to sack the Governor of the Central Bank of Nigeria, CBN, Yemi Cardoso. Bwala said Tinubu should replace Cardoso with someone without history of bank executive role who would be ruthlessly committed to reforms. He made the call while […]
FX backlog: Only five banks left uncleared – CBN Governor Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says it has cleared all foreign exchange backlogs except for five commercial banks. Cardoso disclosed this during an investor call facilitated by the Nigerian Exchange Group on Thursday. He noted that the pending forex backlog will be sorted in the next few days. “Basically, what […]
Nigerian lawmakers threaten warrant of arrest on Cardoso
Hardship: I’m not responsible for Nigeria’s economic woes – CBN Gov, Cardoso
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, has distanced himself from the economic woes Nigerians are currently experiencing. Cardoso said he and his team are not responsible for the prevailing economic challenges Nigerians are facing. He spoke at after the Monetary Policy Committee (MPC) meeting in Abuja on Tuesday. Cardoso assured […]
Senate confirms Cardoso, 11 others for CBN’s Monetary Policy Committee
Ahead of Monday’s meeting of the Central Bank of Nigeria’s Monetary Policy Committee, MPC, the Senate on Thursday confirmed the nomination of the apex bank’s governor, Mr Olayemi Cardoso as the chairman of the committee. Those confirmed as members of the committee include Muhammad Sani Abdullahi, Bala M Bello, Emem Usoro, and Phillip Ikeazor, who […]