As Bismarck Rewane, CEO of Financial Derivatives, put it recently in a brilliant presentation on Channels TV, “if your GDP is at 3.4 per cent and...
As a result, the government and Organised Labour have been at odds for months over what the latter group claimed to be the government's inability to...
During his post-meeting briefing, the Governor, Mr. Olayemi Cardoso, also reiterated that the CBN had cleared all verified foreign exchange backlog, underscoring the fact that liquidity...
Based on the stipulation of the CBN, Access Corporation, the parent company of Access Bank has paid-up capital and share premium of N251.811 billion according to...
The CBN circular said the minimum capital requirement for proposed banks shall be paid-up capital, adding that the new minimum capital requirement shall apply to all...
The recent appreciation of the naira against the dollar can be attributed to foreign exchange reforms implemented by the Central Bank of Nigeria (CBN).
Cardoso also stressed the gravity of these irregularities, labelling numerous transactions under investigation as “clearly unlawful”.
Central Bank Governor, Mr. Olayemi Cardoso disclosed this at the end of the Monetary Policy Committee, MPC meeting concluded today.
This is a band aid, the CBN is attempting to fix a problem it can't fix without a huge war chest of FX reserves
The CBN disclosed that the sum of $20,000 would be sold to each BDC at the rate of N1,301/S which represents the lower band rate of...