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FX rate is driven by economic fundamentals not CBN -Cardoso

    The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has clarified that the apex bank does not determine the foreign exchange rate,...

CBN Raises Interest Rate To 26.75%

    The Monetary Policy Committee of the Central Bank of Nigeria,CBN, has increased the benchmark lending rate to 26.75 per cent. The hike in the Monetary...

Era of Nairas volatility over says Cardoso

  Photo Caption:Yemi Cardoso,CBN Governor The Governor of Nigeria’s Central Bank (CBN), Olayemi Cardoso has expressed cautious optimism regarding the recent...

NASS begins moves to bar CBN Governors from partisan politics

Photo Caption:CBN logo The National Assembly is seeking amendments to the Central Bank of Nigeria Act 2007 to bar top officials of the apex bank from partisan politics....

Why The Naira is Appreciating Rapidly

Caption:Reno Omokri By Reno Omokri I see supporters of a certain candidate spreading the propaganda that our foreign reserves dropped because the Tinubu administration...

CBN:Senate confirms Cardoso, Yuguda, 10 others as MPC members

  The Senate has confirmed the appointment of 12 persons as members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN).   This confirmation...

Olayemi Cardoso’s Dilemma

By Tunde Rahman Those who know Mr. Olayemi Cardoso will agree he got his current job as the Governor of Central Bank of Nigeria on a platter of solid professional...

Nigerians Spent $40bn On Medical Tourism, Foreign Education In 10years – Cardoso

  Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has revealed that between 2010 and 2020, Nigerians spent about $40 billion on foreign education...

Foreign portfolio investors showing interest in Nigerian Market

  Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has disclosed that foreign portfolio investors (FPIs) are showing renewed interest in the Nigerian...

We inherited $7bn forex backlog- Cardoso,CBN Governor

Says $2.4bn are invalid claims Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says the country will soon be free of its $7 billion foreign exchange (FX)...