Nigeria’s External Reserves Historically Peak Above $45b In Six Years
Nigeria’s external reserves hit a six-year high, rising above $45 billion mark, in a historical move. Latest data released by ...
Tag: Olayemi Cardoso
CBN says it can’t introduce new financial interventions due to N4.69trn outstanding
The Central Bank of Nigeria (CBN) says it cannot introduce new intervention programmes because N4.69 trillion of past interventions remain ...
CBN says Nigeria’s foreign reserves now at five-year high of $43bn
The Central Bank of Nigeria (CBN) has announced that the country’s foreign exchange (FX) reserves have climbed to a five-year ...
CBN Reduces Interest Rate By 50 Basis Points To 27%
The Central Bank of Nigeria’s Monetary Policy Committee has reduced the interest rate by 50 basis points, from 27.5 per ...
Naira records marginal gain in August as reserves rise by N1.7bn
The naira recorded a marginal gain against the dollar in August, supported by a boost in Nigeria’s external reserves and ...
CBN retains 27.5% interest rate; 8 banks meet recapitalisation target
The Central Bank of Nigeria (CBN) has maintained the current Monetary Policy Rate (MPR) of 27.5 percent with all policy ...
CBN is positioning banks for $1trn economy – Cardoso
The Central Bank of Nigeria, CBN, is pursuing policies that will position the banking sector for a one trillion Naira ...
Cardoso: CBN’s intervention prevented 42.81% inflation rate
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the apex bank’s “decisive policy interventions” prevented inflation from ...
Verification of invalid FX claims in final stage — we’ll make payments soon – Cardoso
The Central Bank of Nigeria (CBN) says it is finalising the verification process of the $2.4 billion unverified foreign exchange ...
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