Cardoso: We Won’t Stop Until Inflation Hits Single Digit The Central Bank of Nigeria (CBN) has said it will maintain a tight monetary policy stance until inflation is decisively curbed, reaffirming that achieving a single-digit inflation rate remains its top priority. CBN Governor, Mr. Olayemi Cardoso,...

Sanusi, Emefiele, and Cardoso: Three Titans! One CBN! Endless Trials! by  Zekeri Idakwo Laruba   From the moment President Bola Ahmed Tinubu unfurled his Renewed Hope agenda, it was clear that Nigeria’s economic governance was in for a seismic shift. Central to that vision is the...

CBN Retains Interest Rates at 27.5% to Cushion Food Inflation, Insecurity  The Central Bank of Nigeria has announced its decision to maintain Monetary Policy Rates (MPR), which benchmarks interest rates at 27.5 per cent. The decision of the Monetary Policy Committee of the bank was made...

CBN's NRBVN Rollout: Rewiring Diaspora Banking Access ‎By Zekeri Idakwo Laruba ‎In a landmark move to drive financial inclusion and boost diaspora engagement, the Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has unveiled the Non-Resident Bank Verification Number (NRBVN)....

CBN Launches Diaspora BVN Platform, Targets $1bn Monthly Remittances  The Central Bank of Nigeria, in collaboration with the Nigeria Inter-Bank Settlement System, has launched the Non-Resident Bank Verification Number platform, an initiative aimed at enhancing financial access for Nigerians in the diaspora. The platform, which enables...

Staff Severance, Other Expenses Gulp N306bn - CBN The Central Bank of Nigeria has revealed that it spent N306.63bn to offset staff expenses and the emoluments of former employees it asked to take an early exit option from the bank in 2024. This amount represents an...