The Central Bank of Nigeria denies reports claiming it allocated $1.25bn for fuel imports, clarifying that the figure reflected market-driven forex transactions, not direct CBN disbursements.
CBN Governor Olayemi Cardoso will head Nigeria’s delegation to the 2025 World Bank and IMF Annual Meetings in Washington, replacing Finance Minister Wale Edun, who is...
The Central Bank of Nigeria (CBN) confirms 14 banks have met new recapitalisation targets. Governor Yemi Cardoso announces MPR cut to 27% to support growth, as...
The reserve build-up has been especially strong in August, with $1.46 billion added month-to-date, rising from $39.54 billion on August 1 to $41.00 billion by August...
Ultimately, when Cardoso brings heads of African apex banks together, he is not merely hosting diplomatic meetings, he is building the scaffolding for a continental monetary...
Under the current administration, the Central Bank has undertaken a series of reforms aimed at stabilising the macroeconomic environment. The bank, now redefined as pragmatic, forward-looking,...
“As we shift from unorthodox to orthodox monetary policy, the CBN remains committed to restoring confidence, strengthening policy credibility, and staying focused on its core mandate...
The latest monetary policy decisions reflect its ongoing commitment to stabilizing the economy and curbing inflation. While raising the MPR and tightening liquidity are necessary steps...
Deputy Governor of the Financial System Stability Directorate Mr. Philip Ikeazor represented Cardoso at the ceremony. Cardoso stated: "Incidentally, the current Central Bank manifesto has embarked...
She also saw that a circular purporting to be from June 10, 2024, was being disseminated again, informing the public that the Boards of Union, Keystone,...