The Governor, Central Bank of Nigeria, CBN, Mr Olayemi Cardoso, has said that the apex bank under him took the bold step of floating the Naira in the foreign exchange market in order to bring the official exchange rate closer to market reality. About three CBN Governors before Cardoso had toyed with the floatation option when they faced constant excess …

President Bola Tinubu has asked the Senate to confirm the Governor of the Central Bank of Nigeria (CBN), Dr. Yemi Cardoso, as the chairman of the Monetary Policy Committee (MPC) of the apex bank. The newly constituted MPC will hold its first policy meeting under Cardoso, between 26th and 27th February. The appointment was contained in a letter from Tinubu …