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Cardoso blames food inflation on Nigerian govt’s palliatives purchase

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has blamed the rising food inflation on the purchase of foodstuffs as palliatives...
Business

Expect ups and downs in FX rate movement, CBN boss, Cardoso advises

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has advised Nigerians to expect an up and down movement in the rate...
Business

Cardoso justifies CBN defence of naira, but says it’s not reason for depletion in fx reserves

In an attempted defence of the decision of the Central Bank of Nigeria, (CBN) to defend the domestic currency, the naira, the governor of...
Business

Cardoso defends CBN’s backing of naira, says it’s not responsible for FX reserve’s depletion

In an attempted defence of the decision of the Central Bank of Nigeria, (CBN) to defend the domestic currency, the naira, the governor of...
Business

Amid escape of Binance executive, Cardoso says it’s SEC’s responsibility to regulate crypto transactions

Amid the escape of Binance Holding Limited Africa Regional Manager, Nadeem Anjarwalla from the custody of the National Security Adviser (NSA), the Central Bank...
Business

Foreign airlines challenge CBN to show evidence of FX backlog clearance

The claims by the Central Bank of Nigeria (CBN) that it has successfully cleared all outstanding foreign exchange (FX) backlogs have been disputed by...
Business

Senate wants CBN gov, Cardoso, to explain why Emefiele unilaterally approved N30tn loans under Buhari

The Senate Ad-hoc Committee has concluded plans to summon the current Central Bank of Nigeria, Olayemi Cardoso over 13 infractions noted in the N30tn...
Business

CBN tightens belt on banks: Declares FX gains off limits for dividends, operations

The Central Bank of Nigeria (CBN) has clamped down on how banks can utilize foreign exchange (FX) revaluation gains.In a recent directive, the CBN...
Business

CBN’s MPC raises interest rate to 22.75% in first policy decision under Cardoso

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised interest rates, from 18.75 percent to 22.75 percent.The MPC made the...
Business

CBN to clear FX backlogs of remaining five banks in few days, says Cardoso

The Central Bank of Nigeria (CBN) has assured that the remainder of banks’ FX backlogs would be cleared in the next few days.The governor...
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