The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, has said the huge purchases of food items by the government as palliatives for distribution to vulnerable citizens is a contributor to the galloping food inflation in the country. Cardoso made this disclosure in his contributions during the March Monetary Policy Committee meeting, which […]
Naira gains at official market amidst depleting reserve
Naira appreciation: Nigeria gets fresh $600m into FX reserves
Governor of the Central Bank of Nigeria, Olayemi Cardoso, says Nigeria received $600 into the country’s foreign reserves. The development will see the Naira appreciate further below N1,074 per Dollar at the official market in the coming days. The CBN governor made the revelation at the International Monetary Fund’s spring meetings in Washington, D.C, Wednesday. […]
Cardoso speaks on shift in Fx reserves, Naira defence
JUST IN: CBN raises interest rate
CBN speaks on fertiliser donated to boost food production
IMF backs CBN’s decision on interest rate hike
Mixed reactions trail CBN’s monetary policy decisions
FX Backlog: CBN pays out $400mn to settle ‘genuine requests’
Forex crisis: Over $26bn funnelled through Binance without trace in 4 years – CBN Gov
Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, says more than $26 billion was funnelled through the cryptocurrency platform, Binance, in the last four years. Cardoso disclosed this on Tuesday at a press briefing after the 293rd meeting of the Monetary Policy Committee, MPC, in Abuja. While answering questions from journalists on the […]