Nigeria Assumes G-24 Chairmanship, Vows to Drive Global Economic Reforms   Nigeria has taken over the chairmanship of the Intergovernmental Group of Twenty Four (G-24), with a promise to drive inclusive global economic reforms. The announcement was made on Wednesday, October 15, through a series of posts...

CBN, Angolan Counterpart Ink Deal to Boost Regional Financial Stability   The Central Bank of Nigeria (CBN) and the Bank of Angola have signed a Memorandum of Understanding (MoU) to deepening cooperation and strengthening regional financial stability through knowledge exchange, capacity development, and regulatory coordination. The agreement...

The Governor of the Central Bank (CBN), Olayemi Cardoso, will lead Nigeria’s delegation to the World Bank and International Monetary Fund Annual Meeting in Washington DC, which opens on Monday, October 13.

CBN Settles $7bn Verified Forex Backlog   Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has disclosed that his administration has cleared over $7 billion in verified foreign exchange backlogs within two years in office. He said the CBN under his watch has also...

The Central Bank of Nigeria (CBN) and the Banco Central do Brasil (Brazil’s Central Bank) have opened fresh talks aimed at strengthening economic and financial cooperation between Africa’s largest economy and Latin America’s biggest market.

CBN to Take Legal Action Against FX Contract Defaulters Post-Audit   The Central Bank of Nigeria (CBN) has disclosed that it is considering legal actions against the violators of the foreign exchange forward contracts after the completion of a forensic audit of those contracts. CBN indicated this...