Boma Achenimie
Mr Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN) has said about $2.4 billion out of the reported $7 billion outstanding foreign exchange liabilities of the Federal Government are not valid for settlement.…
Boma Achenimie
The Central Bank of Nigeria (CBN) has announced the implementation of a new updated Cash Reserve Requirement (CRR) mechanism, leading to the cessation of daily CRR debits. The development was confirmed in a letter signed…
Boma Achenimie
In a renewed effort to stabilize the fluctuating exchange rate, the Central Bank of Nigeria (CBN) on Wednesday directed the Deposit Money Banks (DMBs) to offload their dollar excess reserves by February 1, 2024. This…
