MPC Warns against Excess Cash as COB Rises 314% to N3.28tn in 2024 Members of the Monetary Policy Committee of the Central Bank of Nigeria have blamed the excess cash in circulation for the accelerating inflation in the country. They stated that currency outside banks grew...

MPC Warns against Excess Cash as COB Rises 314% to N3.28tn in 2024 Members of the Monetary Policy Committee of the Central Bank of Nigeria have blamed the excess cash in circulation for the accelerating inflation in the country. They stated that currency outside banks grew...

Tinubu Bans Official Foreign Trips for Three-month President Bola Tinubu has banned ministers, heads of agencies, and other government officials from embarking on public funded foreign trips. The ban will last for three months in the first instance and will take effect on April 1, 2024. This...

Tinubu Bans Official Foreign Trips for Three-month President Bola Tinubu has banned ministers, heads of agencies, and other government officials from embarking on public funded foreign trips. The ban will last for three months in the first instance and will take effect on April 1, 2024. This...

CBN Clears Valid FX Transactions to Eliminate Legacy Backlog The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, fulfilling a key pledge of the Governor, Mr. Olayemi Cardoso, to process an inherited backlog of US$7 billion...

CBN Clears Valid FX Transactions to Eliminate Legacy Backlog The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, fulfilling a key pledge of the Governor, Mr. Olayemi Cardoso, to process an inherited backlog of US$7 billion...