Recapitalisation: CBN projects massive inflow of Foreign investments into banks
The Central Bank of Nigeria, CBN said that it expects a massive inflow of Foreign Direct Investment, FDIs, with foreign investors taking position in Nigerian banks through the ongoing recapitalisation exercise.
Tinubu writes Senate, seeks confirmation of 5 directors of CBN board
President Bola Tinubu has written the Senate, seeking the screening and subsequent confirmation of five persons appointed as directors of the board of the Central Bank of Nigeria (CBN).
CBN optimistic about impact of reforms in FX market
The Central Bank of Nigeria (CBN) has expressed optimism that the reforms it has implemented in the foreign exchange market will stabilise the market and improve the value of the Naira.
Reduce your appetite for dollar, foreign goods – CBN governor to Nigerians
The Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has called on Nigerians to moderate the demand for dollars, consumption, and usage of foreign goods, just as he warned that as a country, we must address the supply side of forex as it has kept the nation’s economy in a narrow bucket.
CBN’s ‘missteps’ contributed to fall of Naira — Pat Utomi
“For many years, Nigeria has depended on foreign exchange sent home by the diaspora. Diaspora has been a significant part of the economy.”
Breaking: Senate begins interaction with Cardoso
The Senate is seeking answers and solutions from the apex bank governor to stabilise the currency and restore confidence in the economy.
