Tag: Olayemi Cardoso
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JUST IN: CBN Stops Use of Foreign Currencies as Collateral for Naira Loan
The Central Bank of Nigeria has directed all banks in Nigeria to stop the use of foreign currencies as collateral for naira loans.
The Apex...
Ease as CBN eventually eliminates the entire legitimate FX backlog
The Central Bank of Nigeria (CBN) said on Wednesday that it had finally paid off all legitimate foreign exchange backlogs, processing claims totaling US$7...
Naira gains 4.55% as a result of CBN clearing the FX backlog
Since the Central Bank of Nigeria (CBN) cleared all foreign currency (FX) backlog, the value of the naira has steadily improved, gaining 4.55 percent...
JUST IN: CBN Moves To Address Naira Depreciation, Begins Sales Of Dollars To BDCs
Reports says the Central Bank of Nigeria has announced its plan to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator...
Naira Undervalued, Inflation To Reduce In 2024-Cardoso
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has stated that the naira is currently undervalued.
He stated this while speaking at...
