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FX matching system to restore Naira – Cardoso

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said on Friday the true value of the Naira would be restored with...

CBN to deploy all tools to curb inflation —Cardoso

The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso has reiterated the willingness of the apex bank to deploy all tools to...

CBN to verify $7bn outstanding FX backlog claims, says Cardoso

The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has said the apex bank is working towards verifying the outstanding claims...

CBN admits increase in interest rate to 27.75% painful for borrowers

The Central Bank of Nigeria (CBN) on Monday admitted that the increase in the interest rate to 27.25% was “painful” for borrowers.The apex bank...

Implementation of EFEMS to ensure trust, achieve efficient fx markets – Cardoso

According to a statement by CBN’s Acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali, Cardoso said this while addressing members of the Harvard Club...

‘Bundle of lies’ – Presidency dismissed reports Tinubu ordered Cardoso to resign as CBN governor

The presidency has dismissed as bundle of lies, reports that President Bola Ahmed Tinubu has asked the Governor of the Central Bank of Nigeria...

CBN hikes interest rates to record 26.75% to fight inflation

In a move aimed at curbing rising inflation, the Central Bank of Nigeria (CBN) has raised its benchmark interest rate, the Monetary Policy Rate...

I’m optimistic MPC decisions will tame inflation-Cardoso

Mr. Cardoso stated this in an interview with Bloomberg in London on Tuesday.The CBN boss also gave insights on the current state of the...

Despite slump to N1,500/$1, Cardoso says worst of naira volatility over

Despite the recent slump by the Naira against the dollar, Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN) has expressed optimism that...

Cardoso to Nigerians: Pains of ongoing monetary, fiscal reforms temporary

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has assured Nigerians that the pains caused by ongoing monetary and fiscal reforms...

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