With inflation slowing to 32.15 per cent in August, there are indications that the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (MPC), which meets today and tomorrow, will halt further interest rate hike.

The impacts of the hike in the pump price of petrol seem to be taking a toll on the naira as the national currency tumbled to N1,645 to one dollar at the parallel market, yesterday.

A Federal High Court in Abuja has issued subpoenas to the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, and the Head of its Legal Services Department to appear before it on Monday, September 2, 2024, with specific documents related to the money laundering case against Binance Holdings Limited and its executives. The…

A Lagos-based public affairs analyst and writer, Gbenga Ibrahim, has commended President Bola Tinubu and CBN President Yemi Cardoso for driving change through the ongoing anti-corruption campaign in the country's apex bank. Tinubu had announced significant progress in the investigation into the Central Bank of Nigeria (CBN). The probe, led by special investigator Jim Obazee,…

Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has revealed that the creation of Islamic banking in Nigeria was fast-tracked

Nigeria's letter of credit payments has plummeted by 63 per cent in the first quarter of 2024, compared to the same period in the previous year

The newly wedded groom in Bauchi State has revealed how he could not approach the love of his life due to shyness and resorted to using the Facebook app to propose to one of his church members whom he had been in love with. Philemon Yakubu, who got married to his wife, Mrs. Philemon, in…

Raising the monetary policy rate by yet another 150 basis points (bps) suggests the Central Bank of Nigeria (CBN)’s appetite for short-term foreign exchange (FX) inflow is far from abating.

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has picked inadequate institutional capacity, knowledge gap and poor in-house expertise as major reasons responsible for the failure of projects in West Africa.

The Federal Government has signed what it termed “the Aso Accord for Economic and Financial Inclusion” with states and other key stakeholders in the private sector as part of efforts to deliver financial services at an affordable cost to Nigerians

The tasks of the Nigerian delegation to the just-concluded International Monetary Fund (IMF) and the World Bank Spring Meetings in Washington, United States, were well defined – sell Nigeria, seal economic pacts and market packages

Debt servicing may have been responsible for the dipping of Nigeria's foreign reserves from $34.45 billion to $32.61 billion within one month. Specifically, about $1.8 billion was spent from the foreign reserve within the period.