World Bank Says Naira Is Among Worst Performing Currencies in Africa …C0NTINUE READING HERE >>> According to the World Bank, Naira is among Africa’s worst-performing currencies. Newsone Nigeria reports that Nigeria’s official legal tender, the Naira is among the worst-performing currencies in sub-Sahara Africa at the end of August 2024. This online news platform understands that … Read more
How our interventions produced encouraging outcomes – Cardoso …C0NTINUE READING HERE >>> Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says “strategic interventions” of the apex bank have produced encouraging outcomes. He stated this while making a presentation at a stakeholders’ meeting held by the House Committee on Banking Regulations, on … Read more
Allen Onyema: Inside details emerge on how Air Peace boss allegedly used fake documents to swindle CBN of FX …C0NTINUE READING HERE >>> The United States Attorney’s Office of Northern District of Georgia has published damning details revealing how the Chief Executive Officer (CEO) of Air Peace, Allen Onyema allegedly used fake documents to … Read more
Why we implemented EFEMS – CBN Gov, Cardoso …C0NTINUE READING HERE >>> Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, says the apex bank’s decision to implement the Electronic Foreign Exchange Matching System (EFEMS) is to ensure trust. According to a statement by CBN’s Acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali, … Read more
CBN sells $543m to banks to check market volatility …C0NTINUE READING HERE >>> The Central Bank of Nigeria (CBN) says it sold 543.5 million dollars to authorised dealer banks between September 6 and September 30. According to a statement issued by Omolara Duke, the Director, Financial Markets Department of the CBN, the transaction was through … Read more
Nigeria Gets Fresh $1.57 Billion Support Fund From World Bank …C0NTINUE READING HERE >>> Nigeria has again received support on three initiatives from the World Bank. Henzodaily understands that the latest aid to the country, totalling $1.57 billion, is aimed at assisting the Federal Government in enhancing human capital through improved health services for women, … Read more
Yemi Cardoso-Led CBN Raises Interest Rate To 27.25 Percent …C0NTINUE READING HERE >>> Yemi Cardoso-led CBN has raised the interest rate to 27.25 percent. Newsone Nigeria reports that the Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted to increase the monetary policy rate, which measures the benchmark interest rate, to 27.25 percent. This … Read more