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...

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...

N30tn Ways and Means: Senate to Summons Cardoso Over Infractions The Senate Ad-hoc Committee probing how the N30tn Ways and Means loans were obtained from the Central Bank of Nigeria and spent by the former President Muhammadu Buhari-led administration says it has uncovered some infractions...

Global Money Week: CBN Empowers Young Nigerians on Financial Security Skills The Central Bank of Nigeria (CBN) on Tuesday urged young Nigerians to develop sound financial habits to become financially resilient and enhance their future wellbeing. Deputy Governor, Financial System Stability, Mr. Philip Ikeazor, made the...