Browsing: Cbn

A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, disagreed with the idea of the naira stabilizing at N400 to the dollar. He said this expectation is unrealistic.

In the last quarter of 2023, Nigerians spent N1.39 trillion on the importation of seven out of the 43 items previously restricted by the Central Bank of Nigeria from accessing foreign exchange on its official platform. This was part of the N4.29 trillion worth of goods imported in 2023, indicating a 100 percent increase.

The Central Bank of Nigeria, on Wednesday, gave N100 billion worth of fertilisers to the Federal Ministry of Agriculture and Food Security to increase food production nationwide. CBN Governor, Olayemi Cardoso, gave the 2.15 million bags of fertilisers to the Minister of Agriculture and Food Security, Abubakar Kyari, at the headquarters of […]

The Presidency on Sunday said the ongoing reforms in the Central Bank of Nigeria were geared towards closing gaps which the bank’s former Governor, Godwin Emefiele, exploited while in office. The Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, stated this when he appeared on TVC’s Politics on Sunday with Mr […]