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Money

CBN to Push for Stronger Cross-Border Payment Arrangements with China

BY NKECHI NAECHE-ESEZOBOR—(BANGKOK,THAILAND)—The Central Bank of Nigeria (CBN) says it will press for practical arrangements to ease cross-border payments with China when its...

Money

Cardoso, Oyedele Back Single-Digit Inflation as Reserves Hit 18-Year High

BY NKECHI BAECHE-ESEZOBOR( BANGKOK, THAILAND)—The Central Bank of Nigeria Governor Olayemi Cardoso and Finance Minister Taiwo Oyedele have said bringing inflation down to...

Money

AFC Appoints CBN Governor Yemi Cardoso as Board Chairman

Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has announced the appointment of Mr. Olayemi Cardoso, Governor of the Central Bank...

Capital

CBN Cuts Interest Rate to 23%, First Reduction Since July Hold

BY NKECHI NAECHE-ESEZOBOR—Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has announced a cut in its Monetary Policy Rate (MPR) from 26.5%...

Capital

Domestic Investors Fuel NGX 57% Surge as Foreign Participation Drops to 12.1%

BY NKECHI BAECHE-ESEZOBOR—Managing Director of Coronation Asset Management, Aigbovbioise Aig-Imoukhuede, said Nigeria’s equities market recorded a 57 per cent return in the first...

Money

CBN Opens Applications for Second Cohort of Regulatory Sandbox Programme

The Central Bank of Nigeria has announced the commencement of the second cohort of its Regulatory Sandbox Programme, with a new dual-track structure...

Money

Cardoso, Okonjo-Iweala to Headline 7th Africa Emerging Markets Forum

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, and the Director-General of the World Trade Organisation (WTO), Dr. Ngozi...

News

Again, CBN Retains Interest Rate at 26.5%

BY NKECHI NAECHE-ESEZOBOR—–Nigeria’s apex bank, the Central Bank of Nigeria retained the Monetary Policy Rate (MPR), the country’s benchmark interest rate, at 26.5...