CBN has declared a clampdown on cryptocurrency firm, Binance, in recent days, with its drastic measures to save the soul of the naira,

“Interest rates are already very high, and jerking up interest rates clearly will not allow small borrowers, small businesses to have access to credit at the price to help them grow their businesses”

The Central Bank of Nigeria (CBN) has successfully concluded the sale of government securities following the issuance of N1.053 trillion (680 million dollars) in short-term instruments.

““Emefiele said it was Abokifx. Yemi Cardoso said it’s Binance…if you are not manufacturing and exporting, your country will continue to be BROKE!”

“I laugh at that question but it’s not a laughing matter and I think it is very important for Nigerians to understand that the Central Bank Governor — I and my team — are not responsible for the woes that we have today; we are part of the solution.”

The Central Bank of Nigeria has raised the monetary policy rate (MPR) by 400 basis points to a record 22.75%.

The ECOWAS Court on March 4, 2021, entered judgment in Gegenheimer’s favour, declaring his arrest and detention illegal.

The rate, which has already been reflected on the Customs portal today, February 21st, 2024, has further dampened the hope of the despondent customs brokers and their importers that the Apex bank has finally eased its foot on the pedal.

The Central Bank of Nigeria (CBN) has announced an upward review of the Price Verification System (PVS) from 2.5 per cent to 15 per cent.

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).

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. 

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.

“For many years, Nigeria has depended on foreign exchange sent home by the diaspora. Diaspora has been a significant part of the economy.”

The Senate is seeking answers and solutions from the apex bank governor to stabilise the currency and restore confidence in the economy.

“My two daughters are married to Yoruba men, one from Lagos State and the other from Kwara State. And I’ve five grandchildren who are Yoruba. How can I hate them and allow my daughters to marry them? “