The Central Bank of Nigeria (CBN) has imposed fines amounting to ₦15 billion on 29 banks for breaches of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations. CBN Governor, Olayemi ...
Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, has clarified that the CBN does not set the foreign exchange (FX) rate, emphasizing that the rate is determined by underlying ...
The Central Bank of Nigeria's (CBN) Monetary Policy Committee (MPC) has voted to raise the country's benchmark interest rate, known as the Monetary Policy Rate (MPR), to 27.25%. This move, ...
Nigeria faces potential inflationary pressures as the country's money supply (M3), which represents the total money within the economy, surged to an unprecedented ₦101.34 trillion in June 2024. Recent data ...
The Central Bank of Nigeria's (CBN) Monetary Policy Committee (MPC) on Tuesday, raised the interest rate by 50 basis points, bringing it to 26.75% from 26.25% as of May 2024. ...
Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), announced that Nigeria’s external reserves have surged to $36.89 billion as of July 16, 2024. Cardoso made this statement ...
What is the Dollar to Naira exchange rate on the black market, also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for ...
Olayemi Cardoso, the governor of the Central Bank, announced a shift from crisis management to strategic planning, aiming to stabilize forex. After battling economic woes for six months, including high ...
Dr. Olayemi Cardoso, who assumed the role of Central Bank governor four months ago, is gearing up to preside over the initial Monetary Policy Committee (MPC) meeting on February 26th ...
Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), is scheduled to unveil the apex bank's monetary policy thrust and economic outlook today, during the 58th Chartered ...
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