In his inaugural address, the President conveyed the urgent need to “clean up” the CBN and its Monetary Policies. As a first step to this task, Mr. President’s appointment of a special investigator into the affairs of the CBN is currently underway. Further to the clean-up exercise, the President deemed it necessary to bring in new leadership to the helm of affairs at the Central Bank.
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Tinubu, who pointed out the decay at the apex bank, spoke on Sunday in a special 63rd Independence Anniversary broadcast.
Senator Abdullahi Gumel, the Senior Special Assistant to the President on National Assembly Matters (Senate), has offered explanations on why President Bola Ahmed Tinubu appointed a new management team for the Central Bank of Nigeria.
The Senate has confirmed the appointment of Dr Olayemi Cardoso as the Governor of the Central Bank of Nigeria (CBN)
The Senate has confirmed the nomination of Dr. Olayemi Cardoso as the Governor of the Central Bank of Nigeria alongside four others as Deputy Governors.
The Senate will on Tuesday screen former Chairman of the Board of Citi Bank Nigeria, Dr. Olayemi Michael Cardoso for the position of the Governor of the Central Bank of Nigeria (CBN).
The Central Bank of Nigeria on Thursday announced the indefinite postponement of the September edition of its bi-monthly Monetary Policy Committee meeting.
An economist, Johnson Chukwu, Tuesday in Lagos tasked the CBN to focus on core inflation, food inflation and energy inflation to keep inflationary rate low.
“The challenge of Sir Arumemi Johnson’s Arik Air Limited (in Receivership) under the auspices of the Asset Management Corporation of Nigeria (AMCON), may seem difficult, but the situation is not irredeemable. There is always a way out of every resolution situation however, there must be a situation of give and take, which is what we (AMCON) have been trying to achieve. We are ready to sit down with the owner or owners of Arik if they are ready to agree on what makes sense to us, to them, and the federal government.
Governor Agbu Kefas of Taraba has congratulated Dr Mohammed Bello on his nomination as Deputy Governor of the Central Bank of Nigeria (CBN) by President Bola Tinubu.
According to the memo, Shonubi worked with the now detained Governor of the CBN, Godwin Emefiele, on the policy.
The CBN revealed in its economic report for the third quarter of 2023 obtained by The PUNCH on Friday that this was 9.6 percent higher than the last quarter of 2022 figure.
It spoke in a communique by its Director General, Dr. Chinyere Almona, at the end of its Mid-Year Economic Review and Outlook.
The bank disclosed this in its latest report on Nigeria titled “Nigeria: Reform pause rather than fatigue”. The bank noted that the lower-than-reported FX reserve is the result of larger currency swaps and borrowings against the FX reserve.
The Council, which comprised the governors of the 36 states of the federation, also has ministers in charge of the Federal Capital Territory (FCT) and finance, as well as the governor of the Central Bank of Nigeria (CBN), Group Chief Executive Officer of Nigeria National Petroleum Company Limited (NNPCL) and some others as members.
Having been absolved from the former illegal possession of firearms suit, the embattled CBN boss is now facing 20 fresh charges being pressed against him by the Federal Government.
The bank disclosed this in its audited financial statements for 2016-2022 released on Thursday.
The Central Bank of Nigeria has offered reasons for the continuous fall of the Naira.
Alhaji Aminu Gwadabe, the President of ABCON, gave the advice in an interview with the News Agency of Nigeria.
The experts spoke with the News Agency of Nigeria (NAN) on Sunday in Abuja.