Saturday, April 27, 2024
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‘Investigation ongoing’ — Cardoso says naira undervalued due to distortions

    ‘Investigation ongoing’ — Cardoso says naira undervalued due to distortions

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the naira is undervalued largely due to distortions by perpetrators in the foreign exchange (FX) market. He spoke on

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Development financing: Past interventions caused too much damage, gulped over N10trn, says Cardoso

    Development financing: Past interventions caused too much damage, gulped over N10trn, says Cardoso

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says previous direct development interventions by the financial regulator gulped over N10 trillion. Cardoso disclosed this on Tuesday while speaking

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‘Positive for FX market’ — financial experts support MPC decisions

    ‘Positive for FX market’ — financial experts support MPC decisions

Economic and financial experts have lauded the decisions of the monetary policy committee (MPC) of the central bank at its first meeting in 2024. On February 27, 2024, the MPC,

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EXTRA: ‘Deep Freezer Ltd, Rice and Beans Ltd’ — unusual names of CBN-approved BDC operators

    EXTRA: ‘Deep Freezer Ltd, Rice and Beans Ltd’ — unusual names of CBN-approved BDC operators

Nigeria’s bureau de change (BDC) market has grown significantly since 2005. Within that period (2005 to 2006) there were less than 100 operational BDCs, with the Central Bank of Nigeria

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Bill to limit tenure of CBN governor to six years passes second reading at senate

  Bill to limit tenure of CBN governor to six years passes second reading at senate

A bill seeking to limit the tenure of the governor and deputy governors of the Central Bank of Nigeria (CBN)

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Bill to raise ways and means borrowing to10% passes second reading at senate

  Bill to raise ways and means borrowing to10% passes second reading at senate

A bill seeking to raise ways and means cash advances to the federal government by the Central Bank of Nigeria

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Cardoso to Nigerians: Economic woes not our fault

  Cardoso to Nigerians: Economic woes not our fault

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says he and his team are not responsible for the

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FX backlog: We’ve paid $400m to settle verified requests, says Cardoso

  FX backlog: We’ve paid $400m to settle verified requests, says Cardoso

Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), says $400 million was paid on Tuesday to settle

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CBN resumes sale of dollars to BDCs, cites high demand

  CBN resumes sale of dollars to BDCs, cites high demand

The Central Bank of Nigeria (CBN) says it has approved the sale of foreign exchange (FX) to bureau de change

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‘$10k for school fees, $5k for medical bills’ – CBN limits dollar purchase from BDCs

  ‘$10k for school fees, $5k for medical bills’ – CBN limits dollar purchase from BDCs

The Central Bank of Nigeria (CBN) has placed limits on the foreign exchange (FX) sales by Bureau De Change (BDC)

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