Senate Grills CBN, NNPCL, 40 MDAs Over Public Funds
The Senate on Wednesday resolved to summon the Central Bank of Nigeria, the Nigerian National Petroleum Company Limited and about 40 other Ministries, Departments and Agencies over their alleged failure to honour invitations to account for...
External Reserves Rise by 58% on Inflows and FX Reforms Under Cardoso
Nigeria’s external reserves have risen by 58 per cent since Olayemi Cardoso assumed office as Governor of the Central Bank of Nigeria in September 2023, driven by stronger export earnings, increased portfolio investments,...
CBN Urges Banks to Focus on Governance, Not Just Account Openings
The Central Bank of Nigeria (CBN) has urged financial institutions to shift their focus from mere account-opening metrics to delivering measurable customer outcomes, warning that financial inclusion without strong corporate governance risks eroding public...
The Central Bank of Nigeria (CBN) has urged relevant authorities to accelerate reforms in the oil and solid minerals sectors, saying sustained investment and policy implementation are critical to strengthening macroeconomic stability amid rising global uncertainties.
The Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR), its benchmark interest rate, at 26.5 per cent for the second consecutive Monetary Policy Committee (MPC) meeting, following a rate cut in February.
