Tinubu Asks Senate to Confirm Five Nominees as CBN Board Directors
President Bola Tinubu has asked the Senate to confirm the appointment of five nominees into the board of the Central…
Tag: CBN
Forex Market Records $1.83 Billion Turnover in One Week Amid Reforms
*Cardoso urges Nigerians to moderate appetite for dollar, patronise local services *Says apex bank has resolved to end ways and…
CBN Bars Banks, Others from Referencing Unaudited Accounts in Sales Promotion
The Central Bank of Nigeria (CBN) yesterday issued the revised Consumer Protection Regulations, to give effect to the principles contained…
Cardoso: Nigerians Spent $40 Billion in 10 Years on Foreign Education, Medical Tourism
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, yesterday said that the growing number of Nigerian students…
Foreign portfolio investors showing interest in Nigerian market- CBN
Wunmi Semudara The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has announced that foreign portfolio investors (FPIs)…
Cardoso: $2.4bn FX Claims Not Valid, $2.3bn Settled, $2.2bn Outstanding
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said about $2.4 billion out of the reported…
FG Shoots Down Report of Plans to Convert $30bn Domiciliary Accounts to Naira
*Allegation aims to trigger panic in foreign exchange market, says CBN *FG determined to stabilise forex, ease living cost, Idris…
Official I&E Rate Hits N1,482/$1, Surpasses Parallel Market FX Price at N1,460/$1
In what appeared an unusual occurrence in the foreign exchange market yesterday, the naira hit N1,482/$1 on the Investors and…
To Stem Naira’s Continuing Decline, CBN Clears Another $500m FX Backlog
The Central Bank of Nigeria (CBN), yesterday announced that it had released an additional $500 million to address verified outstanding…
Court Dismisses Suit against CBN on Polaris Bank Sale
A Federal High Court in Lagos yesterday dismissed a suit filed by human rights activist, Mr. Femi Falana (SAN) challenging…