Tag Archives: CBN

The Presidency has swiftly denied reports claiming that President Bola Tinubu asked the newly appointed Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, to resign due to the ongoing depreciation of the naira, which seems to be more confusing due to different responses.  The statement was made by Bayo Onanuga, Special Adviser on Information and Strategy to President …

The Central Bank of Nigeria (CBN) has implemented a new directive aimed at increasing the availability of foreign exchange (FX) in the market, approving the sale of dollars to bureau de change (BDC) operators at a rate of N1,580 per dollar.   In a circular signed by W.J. Kanya, the acting director of the trade and exchange department, on Friday, September …