FG Confirms Recovery of N83B, $609M, €5.4M from Whistler Blowing Policy
Whistleblowing Policy: The Federal Government states that it has successfully recovered more than 83 billion Naira, 609 million dollars, and…
Tag: Olayemi Cardoso
Nigeria’s Forex Reserves Rise to $33.6B in June, As Inflation Rates Fall Below 2.14% – CBN
Nigeria’s foreign exchange reserves have continued to show a steady increase, according to recent data from the Central Bank of…
Opay, Moniepoint, Others to Register New Customers from July
OPay, Moniepoint, and other payment platforms are expected to begin accepting new customers within the next few months, as announced…
Cryptocurrency Platforms Begin Plans to Remove Naira as Trading Option to Prevent Currency Manipulation
Naira has been removed from peer-to-peer cryptocurrency platforms as a measure to prevent currency manipulation. In response to instructions from…
CBN Grants Oil Companies 50% of Total Forex Earnings for Financial Commitment
According to the Central Bank of Nigeria, oil companies are allowed to allocate 50% of their foreign exchange earnings towards…
EFCC to Move Against Schools Charging Dollars, Other Foreign Currencies
The Economic and Financial Crimes Commission (EFCC) has placed international schools charging tuition in dollars and other foreign currencies under…
CBN Boss, Cardoso Speaks on Declining External Reserves, Reiterates Apex Bank Not Defending Naira
CBN Governor Yemi Cardoso has addressed concerns over the declining external reserves, maintaining that the apex bank is not defending…
Naira is World’s Top-Performing Currency, As Goldman Sachs Predicts Continued Strength
Nigeria’s naira is poised to extend its gains, having already established itself as the top performer globally this month, according…
CBN Continues Staff Restructuring, Terminates 40 Staff
The Central Bank of Nigeria (CBN) has proceeded with its staff restructuring by terminating the employment of 40 individuals, primarily…
CBN Generates N7.7 Trillion from Treasury Bills, Open Market Operations in First Quarter
In its efforts to address surplus liquidity in the banking sector, the Central Bank of Nigeria (CBN) successfully generated a…
EFCC Investigates $2.4 Billion Unauthorized Forex Transaction – Cardoso
Law enforcement authorities are currently conducting an investigation into $2.4 billion worth of unauthorized foreign exchange transactions – Cardoso. The…
CBN Sells $10,000 to BDC Operators at N1,251/$1
The Central Bank of Nigeria has issued a circular to Bureau De Change operators informing them of the sale of…
CBN Clears All Legitimate Foreign Exchange Backlogs, As External Reserves Rise to $34.11 Billion
The Central Bank of Nigeria has successfully resolved all outstanding foreign exchange obligations while the country’s external reserves have increased…
CBN Boss, Cardoso Set to Dismiss 19 More Directors
Nineteen directors at the Central Bank of Nigeria (CBN) are expected to be relieved of their duties in the upcoming…
CBN Reiterates that Banks Can’t Pay Dividends from FX Revaluation Gains
The Central Bank of Nigeria has reiterated that banks operating in the country cannot use their foreign exchange revaluation gains…
CBN Revokes Operational Licenses of 4,173 BDCs (Full List)
The Central Bank of Nigeria (CBN), in exercise of the powers conferred on it under the Bank and Other Financial…
FG Impose Heavy $10 Billion Fine on Binance Over Naira Free Fall
The Nigerian government is seeking retribution claims from Binance, no less than $10 billion. The government has stated that Binance…
CBN Plans to offer for Sale N1.64 Trillion Worth of Treasury Bill
In the second quarter of 2024, CBN plans to offer N1.64 trillion worth of Treasury Bills for sale. This information…
CBN may implement $10,000 yearly cap payment for foreign school fees through BDC operators
The Central Bank of Nigeria (CBN) is considering implementing a yearly cap of $10,000 on the payment of educational fees…
House Committee Summons CBN Governor to Address Leakages of REMITA Information
The House Committee has summoned the Governor of the Central Bank of Nigeria, Olayemi Cardoso to address issues related to…
Tinubu Requests Senate Assembly to Approve Cardoso as CBN Chairman of Monetary Policy Committee
President Bola Tinubu has made a request to the Senate to approve Yemi Cardoso as the chairman of the Monetary…
World Bank MD, Bjerde Set to Land in Nigeria for Two-Day Bilateral Visit
The World Bank’s Managing Director of Operations, Anna Bjerde, is set to land in Nigeria for a pivotal two-day engagement…
$2.4 Billion Forex Backlog of FG Liabilities not Valid for Settlement – Cardoso
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said about $2.4 billion out of the reported…
