Naira Falls Further, Exchanges for N1,673/$, N2,000/1£ at Parallel Market Nigeria’s currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market. The new rates were confirmed on Monday by Bureau de Change operators in the Federal Capital Territory, Abuja, with...

Proposed FX Gateway Bank May Impact Banks’ Liquidity – Fitch Fitch Ratings, a credit rating agency has said that the proposed foreign currency gateway bank announced by the Central Bank of Nigeria (CBN) may have a negative impact on the liquidity of Nigerian banks. This was...

With $1.8bn Capital Injection in One Week, Nigerian Economy will Bounce Back Soon – Cardoso The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has said Nigerian economy is now approaching light at the end of the dark tunnel after struggling for weeks. Cardoso spoke Sunday...

Olayemi Cardoso’s Dilemma By Tunde Rahman   Those who know Mr. Olayemi Cardoso will agree he got his current job as the Governor of Central Bank of Nigeria on a platter of solid professional background and strong personal attributes. His pedigree is rich as his character...

Nigeria to Host African Central Bank Headquarters President Bola Tinubu has said Nigeria is ready to host the African Central Bank in line with the vision of the Abuja Treaty. Addressing leaders at the 37th Ordinary Session of the Assembly of Heads of State and Government...

Tinubu Seeks Confirmation of Chairman, Members CBN Monetary Policy Committee President Bola Tinubu has sought the confirmation of the Senate for the appointment of a Chairman and Members for the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC). Tinubu’s request was conveyed in a letter...