The Central Bank of Nigeria (CBN) has provided clarifications regarding its recent donation of 2.15 million bags of fertilisers to farmers across the country through the Federal Ministry of Agriculture and Food Security. The CBN had on Wednesday donated fertilisers valued at over N100 billion at current market prices, aiming to support domestic agricultural production … Read more
The Ways and Means had been a recurring loan the CBN issued to the federal government to finance shortfalls in the government budget. The post CBN announces measures to check inflation, stops Ways and Means to FG appeared first on Premium Times Nigeria. Read original article here Denial of responsibility! Pioneer Newz is an automatic … Read more
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will impact the growth of the Nigerian economy, central bank governor Olayemi Cardoso said on Monday. Expressing concerns about the impact of previous MPC meetings on the economy, he said the MPC will complement the fiscal side and ensure that it moves the … Read more
The Central Bank of Nigeria’s (CBN) Governor, Olayemi Cardoso, on Monday, said he met about $7 billion forex backlog when he assumed office. The CBN governor disclosed this while speaking during an interview on Arise Television on Monday. “We met about $7 billion in unpaid forex when we assumed office,” he said, noting that the … Read more
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has described the Nigerian currency as “undervalued.” Mr Cardoso stated this Wednesday at the Launch of the Nigerian Economic Summit Group (NESG) 2024 Macroeconomic Outlook Report. “We believe that the naira is currently undervalued and, coupled with coordinated measures on the fiscal side, we will … Read more
