Mr Tunde Omosebi has filed a 990 trillion pounds suit against the Central Bank of Nigeria (CBN) Governor, Mr Olayemi Cardoso, and co-defendants over allegations bordering on breach of his fundamental human rights. Omosebi, who referred to himself as “His Majesty,” a businessman and a politician in the suit...
Yemi Cardoso
Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has called on Nigerians to take ownership of the revitalised National Arts Theatre as a vital repository of the nation’s history and culture. Cardoso made the call during an inspection of the Lagos landmark alongside members of the Bankers’ Committee on...
By JOY ADARA, Abuja – Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has called for stronger economic ties with the Middle East and the Nigerian diaspora community in the region. Mr. Cardoso made the call during a meeting with Talal Al-Humond, the Assistant Governor for Monetary Affairs, Saudi...
The Tinubu Media Support Group (TMSG) has described the Nigeria Foreign Exchange code (FX code) as the beginning of a new era of regulation in the country’s foreign exchange market. In a statement on Sunday by Mr Emeka Nwankpa, its Chairman, TMSG maintained that the new regulations would prevent...
The Central Bank of Nigeria has said that without its policy interventions, inflation could have risen to 42.81 per cent in December 2024. The CBN Governor, Yemi Cardoso, made this known at the 2025 Monetary Policy Forum of the apex bank on Thursday in Abuja. The forum attracted ministers,...
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, on Tuesday unveiled a new Foreign Exchange (FX) Code to the market. At the event in Abuja, Cardoso stated that it would establish clear and enforceable standards for ethical conduct, transparency, and good governance in the foreign exchange...
The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has announced plans to establish a Compliance Department by February. Cardoso made the announcement on Thursday during the launch of 2025 Macroeconomic Outlook Report, titled: “Stabilisation in Transition: Rethinking Reform Strategies for 2025 and Beyond” by the...
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said the Federal Government has taken practical steps to revamp the Nigerian economy over the past one year. Cardoso said this on Friday in Abuja, at Bankers’ Committee Retreat, with the theme: “Contract and Commitment to National...
By CHRISTIANA LOT, Jos – Months after facing backlash over abrupt staff terminations, the Central Bank of Nigeria (CBN), under the leadership of its Governor, Yemi Cardoso, is charting a new course to restore credibility. Through its voluntary Early Exit Programme (EEP), the bank has unveiled a ₦50 billion...
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said the bank’s reforms align with efforts to establish a stronger and more resilient African financial architecture. Cardoso said this on Saturday in Abuja during his remarks at the 5th African Union Extraordinary Session of the Specialised...
The Central Bank of Nigeria (CBN) has assured that the Naira’s true value will be restored with the introduction of an electronic FX matching system, which has proven effective in other markets. The Governor of CBN, Olayemi Cardoso, gave the assurance on Friday night during the 59th annual bankers...
The Central Bank of Nigeria (CBN) on Friday advised bank customers to report any difficulties withdrawing cash from bank branches or ATMs to the apex bank from December 1. CBN Governor, Olayemi Cardoso, said this during the 2024 annual bankers dinner in Lagos organised by the Chattered Institute of...
The Nigerian stock market recorded a loss of N209 billion in market capitalisation on Wednesday, as investors reacted negatively to the Central Bank of Nigeria’s (CBN) recent interest rate hike. The Monetary Policy Committee (MPC) of the CBN raised the Monetary Policy Rate (MPR) by 25 basis points to...
The Central Bank of Nigeria (CBN), has said Nigeria’s Deposit Money Banks (DMBs) are satisfactorily resilient amid both external and internal pressures. The Governor of the CBN, Mr Yemi Cardoso, said this on Tuesday in Abuja while presenting a communiqué issued at the end of the 298th meeting of...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further raised interest rate by 25 basis points to 27.50 per cent from 27.25 per cent. The Governor of the CBN and Chairman of the MPC, Yemi Cardoso, announced the raise on Tuesday in Abuja, while...
The Central Bank of Nigeria (CBN) on Tuesday reiterated its commitment to fostering financial inclusion as a key strategy for achieving macroeconomic stability in the country. CBN Governor, Olayemi Cardoso, said this at the 2024 International Financial Inclusion Conference in Lagos with the theme, “Inclusive Growth: Harnessing Financial Inclusion...
The Governor, Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has said that the government was increasing financial inclusion for women as a top priority. Cardoso said this during a question-and-answer session at the 30th Nigeria Economic Summit (NES30) in Abuja on Wednesday. He said that the CBN was...
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, on Tuesday said the country’s foreign reserves rose by 12.74 per cent to $39.12 billion as of October 11. Cardoso stated this while appearing before the House of Representatives Committee on Banking Regulation. The apex bank boss noted that the...
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. Cardoso who said this on Tuesday in Abuja, while presenting a communique from the apex bank’s 297th Monetary Policy Committee meeting, said that...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further increased the Monetary Policy Rate (MPR) by 50 basis points to 27.25 per cent from 26.75 per cent. The Governor of the CBN, Yemi Cardoso, made this known on Tuesday in Abuja, while reading the...