‘Remittance Task Force’ to Operate Under Cardoso’s Direct Supervision - CBN The Central Bank of Nigeria (CBN) has announced the formation of a “Remittance Task Force,” a specialized team dedicated to overseeing remittances and ensuring their smooth operation. The Governor of the CBN, Yemi Cardoso, made...

How Naira Emerged World Best Performing Currency - Cardoso The Central Bank of Nigeria (CBN) governor, Olayemi Cardoso, has explained why Naira made a remarkable rebound and emerged the world’s top-performing currency in April 2024. Cardoso made this remark in a press briefing on the sidelines...

Nigeria Issues N8trn in Treasury Bills to Stabilise Economy – Finance Minister The Minister of Finance and Coordinating Minister of Economy, Wale Edun, on Thursday said the fiscal authority is complementing the efforts of the Central Bank towards ensuring the stability of the economy through...

Cardoso’s Cards, Naira’s Gain, Enemies’ Pain, by Abdulrahman Abdulraheem   In Williams Shakespeare’s iconic piece, “All is Well that Ends Well,” Helena was intensely in love with the Prince, Betram, who had no iota of feelings for her due to her poor and inferior background. She...

CBN Reduces Banks’ Loan-deposit Ratio to 50% The Central Bank of Nigeria has slashed commercial banks Loan-to-Deposit Ratio from 65 per cent to 50 per cent as part of measures to deepen its monetary tightening policy. The development means Deposit Money Banks are now allowed to...

Price Of Cooking Gas Crashes as Naira Gains  The prices of liquified natural gas (LPG), also known as cooking gas, are beginning to crash following the appreciation of the Nigerian currency, the Naira. In March, some Nigerians and gas dealers expressed anger over the rising price...