Nigeria Nears CBN’s $1bn Monthly Diaspora Remittance Target
Nigeria is moving closer to the Central Bank of Nigeria’s (CBN) $1 billion monthly remittance target, with diaspora inflows reaching $947 million in July 2026. The latest figure puts the…
CBN Introduces N100m Forex Documentation Penalty
By Babatunji Wusu| The Central Bank of Nigeria (CBN) has introduced a tough compliance framework for the foreign exchange market, imposing a N100 million penalty on banks that process foreign…
CBN Keeps Interest Rate At 26.5 Percent
By Babatunji Wusu The CBN interest rate has remained unchanged at 26.5 per cent after the Monetary Policy Committee of the Central Bank of Nigeria concluded its 305th meeting in…
CBN GOVERNOR, MY JOB IS THE SECOND MOST CHALLENGING ON THE PLANET.
Babatunji Wusu – Olayemi Cardoso, the governor of the CBN, has said that his position is the second hardest in the world. This proves that the federal government’s reform and…
CARDOSO: INFLATION WILL DECLINE IN 2024
Babatunji Wusu – Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), predicts that by 2024, the nation’s inflation rate will have decreased to 21.4%. Cardoso made the…
