The Central Bank of Nigeria, CBN, yesterday, expressed its commitment to the Nigerian Foreign Exchange (FX) Code saying that it has aligned its roles with the principles of the code. In a statement signed by the Governor, Olayemi Cardoso, Deputy Governor, Economic Policy, Mohammad Abdullahi and Director, Financial Markets Department, Dr.Omolara Duke, the apex bank said its decision follows a …

The Nigerians in Diaspora Commission has applauded the Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, for introducing the Non-Resident Nigerian Ordinary Account and the Non-Resident Nigerian Investment Account. The Commission’s Chairman and Chief Executive Officer, Abike Dabiri-Erewa, lauded the CBN governor in a statement released on Thursday by NiDCOM’s spokesperson, Abdurahman Balogun. The statement quoted the NiDCOM …

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 …