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Business

$2.4bn Invalid FX Backlogs: Aigbe Backs CBN To Discipline Offenders

The comment by the Central Bank Governor, Olayemi Cardoso, that the bank will not honour $2.4bn backlog it inherited from past governors over their...
Business

Floating Naira Worst Economic Decision Since 1999— Economists React As $1 Sells For Over N1,420

Some Nigerian economists have said that the foreign exchange policy of floating the naira which was introduced by the Central Bank of Nigeria last...
Business

Dollar Exchanges For N1,005 As BDC Operators Predict Further Crash

Bureau De Change dealers are predicting more troubles for the Nigerian currency as the naira dropped to N1005 per dollar on Tuesday.BDC dealers in...
News

New CBN Governor, Yemi Cardoso, assumes office

A statement by the Director of Corporate Communication of the apex Bank, Dr. Isa Abdulmumin, disclosed this in a statement today, Friday.Abdulmumin said that...
Business

JUST IN: Newly Appointed CBN Governor, Cardoso Faces Fresh Hurdle As Naira Falls To All-Time Low Of N980 Per Dollar

The naira has depreciated to N980 per dollar at the black market ahead of the takeover of the Central Bank of Nigeria by its...
Business

No Plan To Redenominate $1 To N1.25—CBN

The Central Bank of Nigeria has denied any plan to redenominate the naira to almost equal the United States Dollars.Reports (Not THE WHISTLER) had...
Business

Mischief Makers Trying To Use 2022 Memo To Blackmail Acting CBN Governor

Indications have emerged that some mischief makers are trying to use a Central Bank of Nigeria 2022 memo on the redesign of the naira...
Business

CBN lists international students, importers, others as beneficiaries of $10bn forex clearance

In the next two weeks, the Central Bank of Nigeria (CBN) intends to inject $10 billion into the foreign exchange market to clear the...
Business

‘This Is False’—Elumelu Denies Being Considered For Position Of CBN Governor

The Chairman of Heirs Holdings, Tony Elumelu, has denied a report that he is being considered by President Bola Ahmed Tinubu as the replacement...
Business

CBN Gradually Withdraws Old Notes To Curb Inflation As Currency In Circulation Falls To N2.5trn

The Central Bank of Nigeria may have commenced the gradual withdrawal of old notes in a bid to curb the rise of inflation in...
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