Almost a year in the saddle, President Bola Tinubu has ordered Olayemi Cardoso to resign his appointment as the Governor of the Central Bank of Nigeria (CBN) owing to his inability to stop the poor performance of the economy, most especially, the free fall of Nigeria’s currency, the Naira,...
Yemi Cardoso
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN), on Tuesday said it has recorded a significant increase in remittance inflows of 553 million dollars in July. The CBN’s Acting Director, Corporate Communications, Mrs Hakama Sidi-Ali, who disclosed this in a statement, said the all-time high remittances...
By TYAV SAM TYAV, Makurdi – Benue State Governor, Hyacinth Alia has solicited the support of the Central Bank of Nigeria, (CBN) in streamlining the state’s economy to engender economic growth, employment, the development of vital infrastructure and technology, as well as enhance financial inclusion. Governor Alia made...
The Monetary Policy Committee (MPC), on Tuesday announced another increase in the country’s Monetary Policy Rate (MPR), known as the baseline interest rate, to 26.75 per cent from 26.25 per cent. The MPC also adjusted the Asymmetric Corridor to +500/-100 basis points from +100/-300 basis points around the...
The Central Bank of Nigeria (CBN) said in Abuja on Friday that its monetary policies and actions have stimulated growth and stability of the nation’s economy. CBN Governor, Mr. Olayemi Cardoso, said this during an engagement with Senate Committee on Banking, Insurance and other Financial Institutions. Cardoso said...
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has urged Non-Bank Financial Institutions (NBFI) in the West African Monetary Zone (WAMZ) to strengthen anti-money laundering practices. Cardoso said this on Monday in Abuja, in his keynote address at the 10th Meeting of the College of...
Northern Ethnic Youth Group Assembly (NEYGA) has urged the Governor, Central Bank of Nigeria (CBN), Yemi Cardoso, to thoroughly clean up its structure to rid the apex bank of influences of Godwin Emefiele-led tenure. NEYGA made the call in a statement by its Spokesman, Mallam Ibrahim Dan-Musa, on Monday...
A Lagos-based public affairs analyst, Gbenga Ibrahim, has commended President Bola Tinubu and the Governor, Central Bank of Nigeria (CBN), Yemi Cardoso, for driving change through ongoing anti-corruption campaign in CBN. Ibrahim, in a statement on Sunday in Abuja, said that Tinubu had announced significant progress in the...
Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has said the pains of ongoing reforms would soon be over if the citizens can support the monetary and fiscal policies of the government. Cardoso represented by Dr Blaise ljebor, Director, Risk Management, said this while participating in a panel...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has raised the country’s baseline interest rate by 150 basis points to 26.25 per cent from 24.75 per cent. The Governor of CBN, Mr Yemi Cardoso, said this on Tuesday in Abuja, while reading the communique...
The Central Bank of Nigeria (CBN) has extended the suspension of processing fees on deposits within some thresholds. This is according to a statement by Adetona Adedeji, acting Director, Banking Supervision Department on Wednesday in Abuja. Adedeji said that the suspension of two per cent and three per...
By JOY ADARA, Abuja – Socio-Economic Rights and Accountability Project (SERAP), has urged President Bola Tinubu to immediately direct the Central Bank of Nigeria (CBN), to withdraw the cybersecurity levy on Nigerians as it patently violates the provisions of the Nigerian Constitution 1999 [as amended] and the country’s...
A financial expert, Prof. Uche Uwaleke says the newly introduced 0.5 per cent charges on electronic transactions as cybersecurity levy by the Central Bank of Nigeria (CBN) is ill-timed. Uwaleke, a professor of capital market and the president of the Capital Market Academics of Nigeria, said this in...
Central Bank of Nigeria (CBN), Governor, Yemi Cardoso, has said monitoring and evaluation of development projects is crucial to the overall success of such projects. Cardoso said this on Monday in Abuja at the opening of a regional workshop on Project Management, Monitoring and Evaluation organised by...
A Federal High Court, Abuja has authorised the issuance of notices of contempt proceeding against the Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, over alleged failure to obey an order of the court. The notices (Forms 49), requiring Cardoso to show cause why order of committal...
The Naira on Monday slightly depreciated at the official market, trading at N1,234.49 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N64.50. This represents a 5.51 per...
The Kogi Governorship Election Petition Tribunal sitting in Abuja, on Monday, ordered the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, to unfailingly appear before it on Tuesday. The governor is to appear to give some explanations on the role of the apex bank in the...
The Central Bank of Nigeria (CBN) has said it is committed to harnessing the power of digital technologies to enhance financial inclusion. CBN Governor, Mr Yemi Cardoso, said this on Tuesday in Abuja, during a strategic institutions tour by participants of Senior Executive Course 46 of the National...