CBN Pays Another $400m to Clear FX Backlog The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that the apex bank has paid another $400 million dollars backlog to address the overdue foreign exchange forward obligations. He made this known while responding...

Cardoso, Forex Crisis and the Limit of Armchair Criticism, by Abdulrahman Abdulraheem   "The cacophony of postulations on the fluctuation of foreign exchange rates is unduly affecting the market negatively. Every one of us can not be an expert. If we have given someone an assignment,...

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...

Cardoso, Edun, Others Appear Before Senate Committee The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has addressed Senator Adetokunbo Abiru, APC Lagos, East-led Senate Committee on Banking, Insurance, and other Financial Institutions. Edun, who led the economic team, the Governor of the...

Why CBN, NNPCL Agree to Domicile Oil Firm's Revenue in Apex Bank In an effort to improve efficiency and bolster their commercial activities, the Nigerian National Petroleum Company Limited (NNPC Ltd) and the Central Bank of Nigeria (CBN) have announced their intentions to strengthen their...