Nigeria Breaking News
The unified foreign exchange regime has yielded desired results with remittances through International Money Transfers Operators hitting $4.18 billion in the first three quarters of 2024, compared to $2.33 billion in the same period of 2023. The Governor of the Central Bank of Bank (CBN), Mr. Olayemi Cardoso, disclosed this at the Monetary Policy Stakeholders …
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has clarified that the 1,000 former employees who left the apex bank in December last year did so voluntarily and were paid their full benefits. Cardoso made this known during an investigative hearing organized by the House of Representatives on Friday. The hearing was convened to probe the disengagement of the …
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 …