Tag:Yemi Cardoso

Business

Naira gains N88.23 against dollar

The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the...

Seyi Babalola - April 13, 2024

Business

Naira records major gain as foreign reserves hit $33.95bn in Q1

The naira regained one-fifth of value in the past five weeks as increased foreign exchange inflows saw Nigeria’s forex reserves rising by $1.04 billion...

Dorcas Tyena - April 1, 2024

Business

CBN raises bank’s capital requirement from N25bn to N200bn

The Central Bank of Nigeria (CBN), has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to...

Seyi Babalola - March 29, 2024

Business

Naira gains 6% at official market

The Naira appreciated against the dollar by 5.97 per cent at the official market by the close of Wednesday’s trading session, according to data...

Samuel Oludeti - March 28, 2024

Opinion

Yemi Cardoso: Making the CBN work again

By Mariam Mohammed Nigeria is in the middle of a very important shift in its economic structure; and one man, amongst others, at the heart...

mediagem - March 25, 2024

Business

CBN clears $1.5bn outstanding forex transactions

The Central Bank of Nigeria (CBN) says all valid foreign exchange backlogs have now been settled. This is according to a statement by CBN’s Acting...

Samuel Oludeti - March 21, 2024

Business

How we uncovered $2.4bn false forex claim — CBN governor, Cardoso

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that about $2.4 billion foreign exchange backlog is not valid for...

Samuel Oludeti - February 5, 2024

Business

CBN appoints new CEOs for Union, Keystone, Polaris banks

The Central Bank of Nigeria (CBN), has appointed new executives for Keystone, Polaris and Union Banks, following dissolution of the board and management of...

Seyi Babalola - January 11, 2024