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Olayemi Cardoso is pleased with how his central bank rescue job on the Nigerian naira is going https://t.co/wdkaneDSYU
Nigeria’s central bank Governor Olayemi Cardoso said the bank is “relatively pleased” with the progress it has made in stabilizing the naira and believes the excessive volatility may be a thing of the past https://t.co/fLcNOMZM53 https://t.co/jPVGfmaNux
Nigeria’s central bank Governor Olayemi Cardoso says the bank is “relatively pleased” with the progress it has made in stabilizing the naira and believes the excessive volatility may be a thing of the past https://t.co/Ker18VcDv5
On June 23, Nigeria announced its first commercial gold transaction, injecting over $5 million into the economy. Additionally, on June 25, the Central Bank of Nigeria (CBN) granted International Money Transfer Operators (IMTOs) access to trade on the official market. This move is expected to narrow the gap between black and official exchange rates. Central Bank Governor Olayemi Cardoso expressed satisfaction with the progress made in stabilizing the naira, suggesting that excessive volatility may be a thing of the past.
