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Remittances From Diaspora Nigerians Hit $4.2bn In 10 Months—Cardoso

The Central Bank of Nigeria (CBN) has disclosed that diaspora remittances through International Money Transfer Operators (IMTOs) hit $4.22bn between in the first 10...

Support CBN’s Monetary Reforms To Stabilize Economy, Cardoso Tells Bank CEOs

The Central Bank of Nigeria Governor, Olayemi Cardoso has tasked the Bankers’ Committee on collaboration to sustain the efforts gained in the ongoing monetary...

CBN Ends Monetary Intervention As Power, Airline Projects Receive N317.8bn

A total of N317.8bn has been disbursed for airline and power sector related projects in the last 14 years, according to data from the...

Edun, Cardoso over the moon as FG raises $2.2bn from Eurobond issues

In its first return to the international capital market after a two-year absence, the Debt Management Office (DMO) has disclosed that Nigeria has raised...

CBN’s Stringent Fight Against Inflation Yielding Positive Results- Cardoso

Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has said that the apex bank’s stringent fight against inflation is centred on the...

Why CBN introduced FX matching system – Cardoso

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said at the weekend the apex bank introduced the Electronic Foreign Exchange Matching...

Banks Recapitalisation Will Boost $1tn Economy, Says Cardoso

The Governor, Central Bank of Nigeria (CBN) Olayemi Cardoso on Wednesday reaffirmed the bank’s commitment to supporting the federal government’s target of achieving a...

We Didn’t Order Banks To Transfer Funds In Domiciliary Account To UBTF-CBN

The Central Bank of Nigeria (CBN) has said that it did not order banks to transfer funds in domiciliary accounts of Nigerians to the...

JUST IN: CBN Raises Interest Rate To 27.65%, Blame Inflation On Middleman

The Central Bank of Nigeria has increased the Monetary Policy Rate by 50 basis points to 27.65 per cent in another move to contain...

Naira Volatility Worsens As CBN Sells $229.17m FX To Banks

The persistent depreciation of the naira has forced the Central Bank of Nigeria to intervene in the FX market with dollar sales to authorised...

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