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CBN - Page 18

CBN Creates New Department For NNPCL Dollar Revenue Transaction Amid Criticism

The Central Bank of Nigeria (CBN) has established a dedicated department to manage crude oil sales transactions previously handled by the Nigerian National Petroleum Company Limited (NNPCL). Mele Kyari, the Group Chief Executive Officer of NNPCL, announced on Thursday, emphasizing the decision’s

February 9, 2024

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Currency·Finance & Economy·News

Foreign Education, Medical Tourism Worsen FX Crisis, Costing Nearly $40bn – Cardoso Laments

Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), said foreign education and medical tourism on have contributed significantly in Nigeria’s foreign exchange (FX) crisis. Cardoso made the revelation when he appeared before the House of Representatives on Tuesday, to

February 6, 2024

Business·News

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

In a revelation today, the Governor of the Central Bank of Nigeria (CBN), Mr. Cardoso, unveiled the tangible results of recent reforms initiated by the apex bank, underscoring a surge in liquidity within the foreign exchange market. Addressing the House of Representatives,

February 6, 2024

Financial Inclusion Key To Realising Nigeria's $1trn Economy Target - Cardoso

Business·News

Forex Backlog: $2.4bn Linked To Non-existing Entities, Says CBN Gov, Exposes Phantom Transactions

Dr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has made a shocking revelation about the foreign exchange backlog, stating that $2.4 billion of the $7 billion inherited were linked to non-existing entities, undocumented requests, and various infractions.

February 6, 2024

Breaking: Senate Confirms Cardoso As CBN Governor, 4 Deputies

Business·News

$2.4bn Of The $7bn Inherited Were Linked to Non-existing Entities- CBN Gov Exposes Forex Phantom Transactions

Dr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria, revealed a shocking revelation about the foreign exchange backlog, stating that $2.4 billion of the $7 billion inherited was linked to non-existing entities, undocumented requests, and various infractions. Cardoso, addressing concerns

February 5, 2024

Business·Currency·News

CBN Denies Plans To Convert $30bn Domiciliary Deposits To Naira

The Central Bank of Nigeria (CBN) has denied planning to convert $30 billion deposits in domiciliary accounts in the country to naira. A report in one of the media outlets on Saturday quoted a source as saying that the government plans to

February 3, 2024

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CBN - Page 18

CBN Creates New Department For NNPCL Dollar Revenue Transaction Amid Criticism

Foreign Education, Medical Tourism Worsen FX Crisis, Costing Nearly $40bn – Cardoso Laments

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

Forex Backlog: $2.4bn Linked To Non-existing Entities, Says CBN Gov, Exposes Phantom Transactions

$2.4bn Of The $7bn Inherited Were Linked to Non-existing Entities- CBN Gov Exposes Forex Phantom Transactions

CBN Denies Plans To Convert $30bn Domiciliary Deposits To Naira

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