The onus then fell on the Central Bank of Nigeria (CBN) headed by Olayemi Cardoso to do everything possible within the ambit of the law for the naira to survive the disastrous decline in value. 

CBN's Policies Saved Nigeria from 42.81% Inflation - Cardoso   The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, revealed that the bank's strategic policy interventions prevented inflation from skyrocketing to 42.81% by December 2024. He also projected that diaspora remittances would rise to N31.79tn...

How Far Can CBN FX Code Go? By Rahma Olamide Oladosu   The Central Bank of Nigeria’s (CBN) announcement of the Nigerian Foreign Exchange (FX) Code marks a significant milestone for the country’s banking sector. With the FX market being a cornerstone of Nigeria’s economy, the...