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CBN Sells N1trn FG Securities To Foreign Investors

CBN Sells N1trn FG Securities To Foreign Investors

The Central Bank of Nigeria (CBN), has successfully concluded a sale of government securities, issuing N1.053 trillion (US$680 million) in short-term instruments as part of its liquidity management exercise. The apex bank said  79 per…

CBN Announces Plan To Stop Ways, Means Loans To FG

CBN Announces Plan To Stop Ways, Means Loans To FG

Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN) on Friday said the apex bank will halt its Ways and Means loans to President Bola Tinubu-led Federal Government. The CBN Governor disclosed this…

Cardoso Breaks Silence On Reclocation Of CBN To Lagos

Cardoso Breaks Silence On Reclocation Of CBN To Lagos

Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN) has finally broken his silence over the controversies surrounding the relocation of some departments of the apex bank from Abuja to Lagos State. Cardoso…

$2.4bn Forex Claims Not Valid, Fraudulent – Cardoso

$2.4bn Forex Claims Not Valid, Fraudulent – Cardoso

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.…

Naira Free Fall: Edun, CBN Gov, EFCC Chair Meet, Intensify Action

Naira Free Fall: Edun, CBN Gov, EFCC Chair Meet, Intensify Action

In a bid to curb the dwindling fortunes of the naira against the dollar, the Finance Minister and Coordinating Minister for the Economy, Wale Edun, has met with the Central Bank of Nigeria (CBN) Governor,…

JUST-IN: Senate Summons CBN Gov Over Naira Free Fall

JUST-IN: Senate Summons CBN Gov Over Naira Free Fall

The upper chamber of the National Assembly, on Wednesday, summoned the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, to appear before it on Tuesday to explain the state of the national economy…

CBN Boss Speaks On Reduction In Fuel Prices

CBN Boss Speaks On Reduction In Fuel Prices

Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN) on Wednesday hinted at a drastic fall in the pump price of Petroleum Motor Spirit (PMS) also known as petrol or fuel. Cardoso who…

Nigeria’s External Reserves Fall To $520m

Nigeria’s External Reserves Fall To $520m

The Central Bank of Nigeria (CBN) on Sunday revealed that Nigeria’s external reserves declined by $520.22 in five weeks. According to the CBN’s data on movement in reserves sighted by New Telegraph shows that the…

CBN Will Prioritize Price Stability, Cardoso Assures

CBN Will Prioritize Price Stability, Cardoso Assures

Olayemi Cardoso, the newly appointed Governor of the Central Bank of Nigeria (CBN), has reaffirmed his commitment that the primary goal of his leadership will be maintaining price stability. Mr Cardoso gave the assurance while…

Tinubu’s Aide Speaks On Formulation Of New CBN Board

Tinubu’s Aide Speaks On Formulation Of New CBN Board

The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Abdullahi Gumel on Wednesday revealed that the appointment of the new management team of the Central Bank of Nigeria (CBN) aims to…