Nigeria Breaking News
Diaspora remittances through International Money Transfers Operators (IMTOs) rose massively to $4.18 billion in the first three quarters of 2024 (9M’24), about 79.4 percent above the $2.33 billion in the same period of 2023. Governor of the Central Bank of Bank (CBN), Mr. Olayemi Cardoso, disclosed this at the Monetary Policy Stakeholders Forum, in Abuja, yesterday. He …
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso yesterday said that the apex bank will soon commence final settlements of the outstanding amount from the $7 billion foreign exchange obligation backlog. Cardoso at the launch of the new Foreign Exchange, FX Code in Abuja, disclosing that the forensic verification process is now near …
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has explained that the decision to float the Nairain the foreign exchange market was a strategic move aimed at closing the gap between the official and parallel exchange rates, thus restoring market credibility. Cardoso made this statement over the weekend while addressing members of …