Naira Faces Growing Pressure, Hits ₦1,740 Against the Dollar on Parallel Market
The naira’s depreciation reached a new low last weekend, hitting ₦1,740 per dollar in the parallel market as pressure on ...
Wednesday, November 20, 2024
Tag: Yemi Cardoso
Weak Naira Offers Nigeria Opportunity to Boost Export Trade – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has stated that the recent sharp decline in the ...
Naira’s Value Drops Over 50% in Cardoso’s First Year as CBN Governor
The Naira has lost over half its value since Yemi Cardoso became Governor of the Central Bank of Nigeria (CBN). ...
Naira Climbs to Top: Cardoso Hails FX Reforms
Yemi Cardoso, the Central Bank Governor, proudly announced that the Naira has secured the title of the best-performing currency globally ...
CBN Governor Clarifies External Reserves Decline, Denies Naira Defense Strategy
Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has responded to concerns regarding the dwindling external reserves, ...
Nigeria’s Financial Sector in Turmoil: Tony Elumelu Defaults on N41.5 Billion Loan
In a startling revelation, it has been uncovered that Tony Elumelu, the renowned businessman and founder of Heirs Holdings, has ...
CBN’s Strategic Moves to Salvage Naira Face Scrutiny
Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) recently acknowledged the undervaluation of the naira and pledged to ...
CBN Governor Cardoso: Naira Undervalued, Commitment to Genuine Price Discovery
Mr. Yemi Cardoso, the Governor of the Central Bank, has acknowledged that the naira is currently undervalued and has pledged ...
Experts Urge Caution in Banks’ Recapitalization, Emphasizing Consideration of Economic Indices
Financial experts have cautioned the Nigerian government against hastily implementing the recapitalization of commercial banks, urging careful consideration of micro ...
CBN Takes Decisive Steps to Address FX Backlog: Tranche Payments to 31 Banks Underway
In a significant move, the Central Bank of Nigeria (CBN) has initiated tranche payments to 31 banks to clear the ...
