FG Earns N1.053trn From CBN’s OMO Auction   Investors showed an insatiable appetite for federal government’s securities at the weekend, as the Central Bank of Nigeria (CBN) successfully sold N1.053 trillion ($680 million) in short-term instruments as part of its liquidity management exercise. The CBN offered N500...

CBN Projects 3.38% Economic Growth for Nigeria in 2024   The Central Bank of Nigeria (CBN) has said that growth projections in 2024 indicated that the economy will grow by 3.38 percent. CBN governor, Olayemi Cardoso, made this known while briefing journalists after the Monetary Policy Committee...

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...