CBN Develops New Framework for Local Currency Trade Settlements
The Central Bank of Nigeria is developing a new framework to support the use of national currencies in bilateral trade, ...
Tag: Olayemi Cardoso
CBN Injects $50 Million to Stabilise FX Market as Reserves Hit Three-Year High
The Central Bank of Nigeria (CBN) has intervened in the foreign exchange market with a $50 million injection to ease ...
Nigeria’s Diaspora Remittances Hit $4.22 Billion- Cardoso
Remittance inflows from International Money Transfer Operators (IMTOs) surged to $4.22 billion between January and October 2024, marking a 61% ...
CBN Launches Redesigned Website with Enhanced Features
The Central Bank of Nigeria (CBN) has announced the launch of its newly redesigned website, which will go live on ...
CBN Raises Interest Rate To 27.50 Per Cent
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 27.50 per cent from 27.25 per ...
CBN, BOI, and DBN Partner to Close N294bn Funding Gap for Women Entrepreneurs in Nigeria
In a major move aimed at closing the N294 billion funding gap affecting women-owned and women-led businesses, the Central Bank ...
CBN Supplies N100bn Worth of Fertilizers to Boost Food Production in Nigeria
The Central Bank of Nigeria (CBN) has handed over N100 billion worth of fertilizers to the Federal Ministry of Agriculture ...
Central Bank of Nigeria to Tackle Inflation, Exchange Rate Challenges in 2024
In a presentation to the National Assembly joint committee on Banking, Insurance, and Financial Institutions, Olayemi Cardoso, the Governor of ...
