Tag: Olayemi Cardoso
We Are Still Committed To Nigeria’s Monetary Stability – CBN
The Central Bank of Nigeria has assured Nigerians that its ongoing policies and reforms are targeted at restoring price and monetary stability amid rising...
Nigeria’s Banking Woes: How One South African Bank Outvalues An Entire...
It is a sobering reality that one South African bank, Standard Bank Group, has a market capitalisation of roughly ZAR 384.34 billion (about $21-22...
Nigeria’s Gross Foreign Reserves Adds $28.7m, Hits $41.10b
Nigeria’s gross foreign reserves recorded further inflows, adding $28.7 million within 24 hours, closing at $41.10 billion.
The reserves, which closed at $41.077 billion on...
CBN Identifies Why Interest Rate Remains High
The Central Bank of Nigeria has explained why interest rates remain elevated, insisting that the monetary policy stance reflects not just a fight against...
SERAP To CBN: Speak Up If You Have Started Giving Out...
The Socio-Economic Rights and Accountability Project has called on the Central Bank of Nigeria to immediately disclose whether it has commenced the direct disbursement...
As Naira Slides, CBN Plans Fresh Battle Against Forex Speculators
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the apex bank remains resolute in its commitment to maintaining order in the...
Nuhu Ribadu’s Hell & Other Hellish Stories By Festus Adedayo
Nigeria has just had one hell of a week. Like an evil spirit, hell hovered over Nigeria with fraught silence. To stave it off,...
We Expect Diaspora Remittances To Hit ₦31.787tr – CBN
The Central Bank of Nigeria (CBN) has projected that diaspora remittances are expected to rise to ₦31.7871 trillion when fourth-quarter 2024 figures are released.
The...
CBN Reveals How Nigeria’s Current Account Surplus Hit $6b
Nigeria recorded a $6 billion current account surplus in the first half of 2024 as impact of several economic reforms begin to pay off,...
ATM Cash Hoarding: CBN Fines Nine Banks ₦1.35bn
The Central Bank of Nigeria (CBN) has imposed fines totaling ₦1.35 billion on nine Deposit Money Banks (DMBs) for failing to ensure adequate availability...
