Corporate Communications Department

CBN schedules first MPC meeting under Cardoso

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The Central Bank of Nigeria (CBN) has scheduled the first Monetary Policy Committee (MPC) meeting under the tenure of Mr Olayemi Cardoso as governor, for 26 and 27 February. According to a statement by CBN’s Acting Director, Corporate Communications Department, Hakama Sidi-Ali, the apex bank, consequently, held a two-day strategic session for members of the … Read more

CBN clears $2bn FX backlog across sectors

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The Central Bank of Nigeria has undertaken a significant move to eliminate outstanding foreign exchange liabilities by disbursing approximately $2 billion across pivotal sectors. The key sectors include manufacturing, aviation, and petroleum, a statement said Wednesday. This intervention encompasses the complete clearance of liabilities for 14 banks and the initiation of settlements with foreign airlines. … Read more