Addressing Forex Concerns: Insights on Binance Nigeria’s $26 Billion Transactions, Cardoso Reveals. Nigeria’s forex landscape has been under scrutiny, with Central Bank Governor, Olayemi Cardoso shedding light on the staggering $26 billion flowing through Binance Nigeria within a year.…
Understanding Naira’s Undervaluation: Insights from Olayemi Cardoso. In a recent statement at the Monetary Policy Committee Meeting on February 27, 2024, Olayemi Cardoso, the Central Bank Governor, shed light on the undervaluation of the Nigerian Naira, attributing it to…
CBN Governor, Olayemi Cardoso, Dismisses Blame for Nigeria’s Economic Struggles. In a recent statement, Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), refuted claims that he and his team are accountable for the nation’s ongoing economic…
Central Bank of Nigeria Clarifies $2.4 Billion Forex Backlog Status and Future Steps. The Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, recently addressed the status of a $2.4 billion foreign exchange (FX) backlog, emphasizing that it is not…
The Central Bank of Nigeria’s (CBN) latest money and credit statistics indicate a notable upswing in the amount of currency in circulation (CIC), showing an increase of approximately N890 billion between September 2023 and December 2023. This surge, observed during…
The Central Bank of Nigeria (CBN) is gearing up for its inaugural Monetary Policy Committee (MPC) meeting scheduled for February 26th and 27th, as outlined in the tentative MPC meeting calendar for 2024 signed by the Director of MPD. The…
