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CBN’s renewed focus on diaspora remittances: What’s the big deal?

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By Toni Kan My friend Paul is Jamaican. He has a strong Jamaican twang that sometimes leaves me wondering what he is saying. Paul and I...

What exactly is Cardoso doing at the CBN?

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By Toni Kan On September 22, 2024, Yemi Cardoso will mark one year in office as the governor of the Central Bank of Nigeria (CBN)...

Tinubu didn’t direct CBN gov Olayemi Cardoso to resign – Presidency

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The Presidency has said that the governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso was not asked to resign as reported in...

CBN’s bold move at NIRSAL

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By Toni Kan A wag once said that the road to hell is paved with good intentions. This aphorism is important in considering the news from...

Court summons CBN gov Cardoso over detained Binance official

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A Federal High Court in Abuja has summoned the governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso and head of the apex...

Upsurge in dollar inflow as remittances quadruple, foreign investors’ return –...

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The Central Bank of Nigeria (CBN) reported a significant increase in foreign exchange inflow into the economy in February 2024, with marked increments in...

FG arrests, detains two Binance executives in crypto crackdown

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The Nigerian Government has detained two senior executives of Binance, a crypto currency exchange company. The officials, who flew into Nigeria last week following a...

CBN pays airlines all verified forex backlog claims

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The Central Bank of Nigeria (CBN) said it has concluded the payment of all verified claims of foreign exchange owed airlines with an additional...

CBN lifts ban on cement, 42 items, increases dollar supply

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The Central Bank of Nigeria (CBN) has removed restrictions placed on 43 items, including cement, which were initially not qualified for forex at the...

Who is new CBN governor Olayemi Cardoso?

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President Bola Tinubu has nominated Olayemi Cardoso as the new governor of the Central Bank of Nigeria (CBN) subject to confirmation by the Senate. Presidential...