Emefiele and four deputies resigned, CBN says
Former governor of the Central Bank of Nigeria, Godwin Emefiele, has resigned, the bank confirmed Friday.
The bank's four deputy governors that served in the...
Minister blames naira fall on $6.8bn forex payment backlog
Finance minister Olawale Edun says Nigeria has to clear a $6.8 billion backlog of foreign exchange forward payments before the naira stabilizes.
Forward contracts allow...
CBN postpones interest rate meeting as old leadership resigns
The Central Bank of Nigeria has postponed its monetary policy meeting.
It comes a week after President Bola Tinubu appointed Olayemi Cardoso as CBN governor,...
Naira at record low on black market, inches closer to 1000 to dollar
Naira fell to a record low on the black market on Wednesday, edging closer to 1000 to a dollar, as Nigeria’s foreign exchange problems...
Crude oil surges to 10-month high, a headache for Nigeria
Global oil prices surged close to the $95 per barrel mark on Monday as investors pay attention to the possibility of a widening supply...