yemi cardoso
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Nigeria Nigerians Slam CBN Governor for Blaming Students Abroad for Naira's Exchange Rate Woes
The Central Bank of Nigeria's Governor, Dr. Olayemi Cardoso, addresses the House of Representatives, linking the depreciation of the naira against the dollar to the increasing number of Nigerians pursuing education and medical treatments overseas. The governor outlines plans to tackle the high...- Nigeria News
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- cbn governor finance minister naira exchange rate nigeria economy wale edun yemi cardoso
- Category: Politics
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Nigeria Punch Newspaper Stands by Its Story on Government's Consideration to Convert $30 Billion of Nigerian Deposit Funds to Save Naira
On February 3, 2024, Saturday PUNCH reported on the federal government's consideration of converting $30 billion domiciliary deposits to Naira as part of efforts to stabilize the currency. The story cited a senior government official in the presidency who spoke anonymously on the matter...- Nigeria News
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- cbn cbn vs punch economy policy punch newspaper yemi cardoso
- Category: Politics
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Nigeria CBN Governor Olayemi Cardoso Reveals How Tough Reforms are Shaping Nigeria's Financial Future
In an exclusive interview with ARISE NEWS, the Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, unveiled crucial policies and reforms aimed at strengthening the nation's economic landscape. Cardoso addressed the $7 billion outstanding foreign exchange liabilities of the...- Nigeria News
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- arise tv interview cbn reforms central bank policies naira stability yemi cardoso
- Category: Business
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Nigeria More Woes for Nigerian Businesses as CBN Increases Import Duty by Another 4.4% in Just One Day
The Central Bank of Nigeria (CBN) has increased the Customs exchange rate for import duty once again, escalating from N1,356.883 per dollar to a staggering N1,413.62 within 24 hours. This swift move comes on the heels of a 43% increase in the Customs import duty rate announced the day before...- Nigeria News
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- cbn import duty yemi cardoso
- Category: Politics
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Nigeria Nigerians React With Disbelief to CBN Denial of $30 Billion Domiciliary Account Conversion Policy
CBN denies conversion of $30B domiciliary deposits, but skepticism reigns among Nigerians due to government's credibility issues. Doubts persist despite official statements, reflecting widespread distrust in governmental communications- Nigeria News
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- cbn domiciliary accounts naira depreciation yemi cardoso
- Category: Politics
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Nigeria Domiciliary Account Holders in Shock As Nigeria Mulls $30 Billion Domiciliary Deposit Conversion to Naira for Economic Stability
In response to the recent historic plunge of the national currency, the Nigerian government is reportedly considering a bold policy shift. Strong indications suggest that the Federal Government is contemplating the conversion of foreign currencies in domiciliary accounts, both individual and...- Nigeria News
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- cbn naira depreciation president tinubu yemi cardoso
- Category: Politics
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Nigeria Lawmakers Demand Answers as CBN Governor is Summoned Over Alarming Naira Decline
In a bid to address growing concerns over the state of the economy and the alarming free fall of the naira in the forex market, the Senate's Committee on Banking, Insurance, and other Financial Institutions has taken a decisive step by summoning the Governor of the Central Bank of Nigeria...- Nigeria News
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- cbn naira crisis senate yemi cardoso
- Category: Politics
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Nigeria Airlines' Relief as CBN Clears $64.44M Forex Backlog, Yet Long Road Ahead
The Central Bank of Nigeria (CBN) has fulfilled its promise by disbursing $64.44 million, marking the latest step in addressing the extensive backlog of foreign exchange owed to airlines. This disbursement brings the total verified amount paid to airlines to $136.73 million, constituting a...- Nigeria News
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- cbn financial news forex backlog nigerian airlines yemi cardoso
- Category: Business
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Nigeria Calls Intensify for Keyamo and CBN Governor's Removal Over Controversial Agency Moves, Northern Youth Lead Charge
In a recent development, the Joint Action Committee of Northern Youth Associations has demanded the removal of the Minister of Aviation, Festus Keyamo, and the Governor of the Central Bank of Nigeria (CBN), Yemi Cadoso. The call for their dismissal is linked to the controversial planned...- Nigeria News
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- agency relocation cbn cbn and faan relocation faan festus keyamo northern youth committee yemi cardoso
- Category: Politics
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Nigeria CBN's Governor Cardoso Set to Lead First MPC Meeting in February
The Central Bank of Nigeria (CBN) has announced that its Monetary Policy Committee (MPC) will convene for its first meeting under the leadership of Governor Olayemi Cardoso on February 26 and 27, 2024. The revelation follows a strategic two-day session to prepare members for the upcoming...- Nigeria News
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- cbn cbn governor mpc metting yemi cardoso
- Category: Business
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Nigeria Nigeria's Central Bank Approves February Launch of cNGN 'Stablecoin' for Digital Economy Boost
A groundbreaking move is set to reshape Nigeria's financial landscape as the Africa Stablecoin Consortium (ASC) announces the launch of the compliant Nigeria Naira (cNGN) stablecoin on February 27, 2024. Fueled by the recently released Regulatory Sandbox by the Central Bank of Nigeria (CBN), the...- Nigeria News
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- cbn governor godwin emefiele yemi cardoso
- Category: Business
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Nigeria Former CBN Governor Godwin Emefiele Regains Freedom After Meeting Bail Conditions
Embattled former Governor of the Central Bank of Nigeria, Godwin Emefiele, has been released from the Kuje Correctional Centre upon meeting the bail conditions set by the Federal Capital Territory High Court. This development follows Emefiele's recent arraignment on a six-count charge related...- Nigeria News
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- channels tv former cbn governor godwin emefile jim obazee yemi cardoso
- Category: Politics
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Europe Turkey's Central Bank Chief Moves in with Parents as Housing Costs Soar
In a stark reflection of Turkey's economic challenges, the newly appointed head of Turkey's central bank, Hafize Gaye Erkan, reveals that she has been priced out of Istanbul's property market due to rampant inflation. Forced to make a difficult decision, the 44-year-old former finance...- Nigeria News
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- channels tv goldman sachs hafize gaye erkan head of turkey's central bank turkeys inflation yemi cardoso
- Category: Politics
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Nigeria Nigeria's Top Manufacturers Hit Hard as Forex Loss Skyrockets 400%
The once-thriving Nigerian manufacturing sector is facing an unprecedented crisis, grappling with a colossal 400% surge in net foreign exchange losses totaling a staggering N466 billion over the nine months ending in September. Industry insiders point to a complex interplay of factors, including...- Nigeria News
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- dangote cement gsk nestle nigeria yemi cardoso
- Category: Business
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Nigeria Arrest Warrants Issued for CBN Governor Cardoso and Accountant General over Refusal to Face House Committee
The House of Representatives Committee on Public Petition has escalated its confrontation with top government officials, issuing a warrant of arrest for Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), and Oluwatoyin Madein, the Accountant General of the Federation. The committee...- Nigeria News
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- cbn channels tv house of reps yemi cardoso
- Category: Politics
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Nigeria Nigeria's Forex Woes: A Deep Dive into the Causes, Impacts, and Elusive Solutions
Amid assurances from President Bola Ahmed Tinubu that Nigeria is open for business, a persistent forex crisis continues to cast a shadow on the country's financial stability and international reputation. Despite claims that barriers to investment have been dismantled, the ongoing struggle with...- Nigeria News
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- cbn governor exchange rate forex crisis in nigeria yemi cardoso
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Nigeria Naira Plummets by 11.40% to N927.19/$ at Official Exchange Market Despite CBN's Stabilization Efforts
The Nigerian Naira experienced a significant 11.40% depreciation, landing at N927.19 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the official exchange rate window. This marks a notable drop from the previous day's rate of N832.32. FMDQ Securities Exchange data...- Nigeria News
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- cbn channels tv exchabge rate today naira to dollsr exchange rate today yemi cardoso
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Nigeria Supreme Court: Old and New Naira Notes to Coexist Indefinitely
The Supreme Court ordered the continued coexistence of both old and new Naira notes—specifically the N200, N500, and N1000 denominations—until further notice. The apex court's seven-man panel, led by Justice Inyang Okoro, issued the ruling in response to a Federal Government application seeking...- Nigeria News
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- arise tv cbn governor emefiele old naira notes yemi cardoso
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Nigeria CBN Governor Emefiele's N1.6bn Fraud Case Delayed Until January 2024
The Federal Capital Territory High Court in Abuja has adjourned the trial of ex-Governor of the Central Bank of Nigeria, Godwin Emefiele, on charges of alleged N1.6bn procurement fraud. The court scheduled the continuation of the trial for January 18 and 19, 2024. Emefiele faces a six-count...- Nigeria News
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- cbn governor emefieles trial godwin emefele yemi cardoso
- Category: Politics
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Nigeria CBN Initiates Overhaul of Fintech Licensing Framework in Response to Evolving Landscape
The Central Bank of Nigeria (CBN) has announced its intention to conduct a comprehensive review of its licensing framework for payment services. CBN Governor, Olayemi Cardoso, highlighted concerns about recent developments in the payment services sector, emphasizing the need for a regulatory and...- Nigeria News
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- cbn cbn governor yemi cardoso
- Category: Business
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