Cardoso Hosts Khalifa Sanusi, Restates CBN’s Focus on Price Stability
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated that under his leadership, the Bank will focus mainly on the core mandate of price stability.
He disclosed this on Thursday, November...
CBN Begins Clearance of $10bn Forex Backlogs of Foreign Airlines, Others
The Central Bank of Nigeria (CBN), has started clearing over $10 billion foreign exchange backlogs of commercial banks and foreign airline operators.
This is as the apex bank also assured the public that it has...
Lawmakers Summon CBN, DISCOs, Over Alleged Misappropriation of $321m, N18bn Loan
The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DISCOs) in relation to accusations of mismanaging loans amounting to US$321 million and N18.2...
Old Naira Notes Remain Legal Tender Beyond December 31, 2023 - CBN
In a recent announcement, the Central Bank of Nigeria (CBN) clarified that the old N200, N500, and N1000 naira notes will continue to be accepted as legal tender even after December 31, 2023.
This...
JUST IN: CBN Denies Cash Scarcity, Urges Nigerians to Stop Panic Withdrawals
The Central Bank of Nigeria (CBN) has declared as untrue stories of scarcity of cash in some parts of the country which have thrown Nigerians into panic.
The CBN in a statement by its...
Naira Strengthens, Exchanges for 815/$ at Official Market
The naira strengthened to N815/$ at the Nigerian Autonomous Foreign Exchange Market( NAFEM) 24 hours after the exchange rate fell to the lowest level ever when it sold N993.8/$, representing a massive 20.5% depreciation.
Before now, the lowest...
