The Central Bank of Nigeria Governor, CBN, Yemi Cardoso, faced a very hostile crowd on Tuesday during his appearance before the House of Representatives for the sectoral debate. Many of the lawmakers expressed dissatisfaction with the performance of the governor in handling the naira which has been on a downward spiral in the past couple […]
Central Bank Governor, Finance Minister, others to appear before Nigerian lawmakers
CBN’s MPC will complement fiscal activities to improve economy – Cardoso
Relocation: CBN headquarters currently overpopulated – Cardoso
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, says the apex bank’s planned relocation of departments and personnel to other branches was a response to the current “overpopulation” at its headquarters. Cardoso said this in an interview with Arise Television on Monday monitored by DAILY POST. The CBN governor, who said the […]
Nigeria’s outstanding forex backlog drops to $2.2bn from $4.5bn
Central Bank of Nigeria Governor, Olayemi Cardoso, says Nigeria’s outstanding foreign exchange backlog owed across economic sectors has dropped to $2.2 billion. Cardoso disclosed this during a recent interview on Arise Television. He said the apex bank had cleared $2.3 billion out of the valid $4.5 billion FX backlog with just $2.2 billion outstanding. According […]
$2.3bn of $7bn forex backlog not valid – CBN governor, Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the $2.3 billion of the $7 billion foreign exchange backlog owed to banks, aviation and other entities is not valid. Cardoso disclosed this in a recent interview with Arise Television. He said the bank had cleared $2.3 billion out of the valid $4.5 billion […]
Northern youths demand Keyamo, Cardoso’s sack over relocation of CBN, FAAN to Lagos
The Joint Action Committee of Northern Youth Associations has called for the removal of the Minister of Aviation, Festus Keyamo, and the Governor of the Central Bank of Nigeria, CBN, Yemi Cadoso, over the planned relocation of agencies they supervise. This was contained in a communiqué issued by the group and signed by its convener, […]
Naira is currently undervalued – Cardoso
CBN announces first MPC meeting under Cardoso
The Central Bank of Nigeria has released its first Monetary Policy Committee 2024 schedule under its governor, Olayemi Cardoso. The apex bank made this known in a calendar posted on its official website on Friday. MPC is the highest decision-making body of the apex bank, responsible for determining interest rates and other monetary policy measures. […]