Lifting petrol from Dangote refinery ‘ll moderate FX pressure, says Cardoso

Lifting petrol from Dangote refinery ‘ll moderate FX pressure, says Cardoso

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says lifting of petroleum products from the Dangote Refinery will moderate foreign exchange demand pressures. Mr Cardoso, who said this on Tuesday in Abuja, while presenting a communique from the apex bank’s 297th Monetary Policy Committee meeting, said that it would also moderate transportation … Read more

ROUNDUP: CBN Governor’s tenure, Buhari’s N30trn Ways and Means probe, other Senate top stories

ROUNDUP: CBN Governor’s tenure, Buhari’s N30trn Ways and Means probe, other Senate top stories

Senate considers term of six years for CBN governor and deputies Barely five months after two senators proposed separate bills to bar governors and deputy governors of CBN from participating in politics, another lawmaker is seeking to amend the CBN Act to limit the tenure of the bank chiefs to a single non-renewal term of … Read more