Nigeria’s Central Bank Governor Champions Africa’s Voice at Bretton Woods Forum
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has concluded his participation in the high-level Bretton Woods at 80 Forum, where he...
Tag : CBN
Again, CBN Sells $148m To 29 Authorised Dealers
The Central Bank of Nigeria (CBN) sold a cumulative amount of US$148m to Authorised Dealers in the Nigerian Foreign Exchange Market (NFEM) to provide liquidity...
CBN Act Amendment: Cutting the Head Off to Treat Headache?
By Dayo Omoogun There is palpable anger against the Emefiele regime that held sway at the Central Bank of Nigeria from June 2014 to June...
No Plans to Revoke Polaris, Unity, Keystone Banks’ Licences
Contrary to rife speculations in the media that the licences of three more banks are to be revoked by the Central Bank of Nigeria following...
Banks Recapitalisation: What’s in it For Us?
For example, following the Soludo recap, the number of banks operating in the country crashed by about 72% from 89 to 25 banks which clearly...
CBN Clears Valid FX Backlog, Achieves Clean Slate
"It was important that we go through an independent and credible process that would determine the authenticity of those obligations, and, at this point, I...
CBN Strategies Yielding Results as Dollar Remittances Quadruple, Foreign Investors Return
“All the different measures we have taken to boost reserves and create more liquidity in the markets have started to pay off,” Governor Cardoso said....
Foreigners Bid 79% in Oversubscribed CBN N1 Trillion OMO Bills
The sale was not only oversubscribed but attracted a huge proportion of foreign bids....
CBN Revokes Operational Licenses of 4,173 BDCs
The Central Bank of Nigeria (CBN),in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act No....
MPC Targets Inflation Reduction, Raises MPR by 400 Basis Points
The decisions include: raising the MPR from 18.75 to 22:75 per cent, an increase of 400 basis points, adjustment of the asymmetric corridor around the...