30 results
- 2 Jul 2024
Non-Bank Transactions Dangerous for Financial Stability in West Africa – Cardoso
Olayemi Cardoso, governor, Central Bank of Nigeria (CBN), has warned that the rising transaction volumes by non-banks threatens financial stability in West Africa. Olayemi Cardoso, governor, Central…
- 26 May 2026
Cardoso Rejects Return to CBN Intervention Era, Warns Against Old Policies
Olayemi Cardoso , Governor of the Central Bank of Nigeria (CBN), has cautioned against renewed pressure on the apex bank to return to intervention programmes previously implemented by the…
- 6 Feb 2024
CBN Uncovers $2.4Bn False Forex Claim Pressuring Naira - Cardoso
Central Bank of Nigeria (CBN) uncovered invalid foreign overdue claims totalling $2.4 billion, which have pressured the naira for long and spooked the currency market, Olayemi Cardoso, governor,…
- 26 Sept 2023
Senate Confirms Yemi Cardoso as CBN Governor with 4 Deputies
Senate on Tuesday confirmed the appointment of Dr Olayemi Cardoso as the Governor of the CBN. It also confirmed the nomination of Mrs Emem Usoro, Mr Muhammad Dattijo, Mr Philip Ikeazor and Dr Bala…
- 17 Sept 2024
Tinubu Did Not Ask Cardoso, CBN Governor to Resign – Presidency
President Bola Tinubu has not asked Yemi Cardoso to resign from his position as the governor of the Central Bank of Nigeria (CBN), according to Bayo Onanuga, special adviser to the President on…
- 22 Sept 2023
Yemi Cardoso Assumes Duty as Acting CBN Governor
Dr Olayemi Cardoso, on Friday, formally assumed duty as the acting Governor of the Central Bank of Nigeria (CBN). According to a statement by Isa AbdulMumin, CBN’s Director, Corporate Communications,…
- 24 Jan 2025
CBN Governor Olayemi Cardoso Forecasts Economic Growth and Lower Inflation in 2025
Olayemi Cardoso, Central Bank Governor, announced on January 23 that Nigeria's Gross Domestic Product (GDP) is projected to grow by 4.17 percent, while inflation is expected to ease in 2025.…
- 3 Jan 2025
CBN did not Force 1000 Workers to Resign- Cardoso
Mr. Olayemi Cardoso, governor, Central Bank of Nigeria (CBN), on Friday disclosed that the ‘Early Exit Program’ was 100 percent voluntary exercise initiated by the staff of the apex bank. Mr. Olayemi…
- 24 Nov 2023
CBN to Introduce New FX Laws and Guidelines to Tackle Naira Depreciation — Cardoso
Mr Yemi Cardoso, Governor of Central Bank of Nigeria CBN, has stated that the apex bank will soon introduce a new set of foreign exchange laws and guidelines to tackle Naira depreciation and achieve…
- 9 Nov 2023
Cardoso, New CBN Governor has ‘Patch-Patch CV’ –Babachir Lawal Alleges
Babachir Lawal, former secretary to the government of the federation (SGF), has accused President Bola Tinubu of appointing Yemi Cardoso, new governor of Central Bank of Nigeria (CBN), with a…
- 25 Jul 2025
Cardoso, CBN Boss Risks Arrest over Alleged N5.2 Trillion Unremitted Funds
The Joint Committee of the House of Representatives on Public Accounts and Public Assets has threatened to issue a warrant of arrest against Mr. Olayemi Cardoso, governor of the Central Bank of…
- 26 Feb 2026
Union Bank Assures Safety of Deposits Post-Cardoso MPC Remarks
Union Bank of Nigeria has reaffirmed its status as a going concern with stable operations, responding to media queries sparked by Central Bank Governor Olayemi Cardoso's remarks at the 304th Monetary…
- 21 Jul 2026
CBN Retains Interest Rate at 26.5% as Cardoso Cites Global Uncertainty Despite Inflation Drop
Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), the nation’s benchmark interest rate, at 26.5 per cent, citing heightened global uncertainties despite signs of resilience…
- 24 Sept 2025
CBN Governor Confirms 14 Banks Meet New Capital Thresholds
Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has confirmed that 14 Nigerian banks have fully met the new capital requirements set under the ongoing recapitalisation exercise. Cardoso…
- 27 Feb 2024
Over $26bn from Unknown Sources Passed through Binance Nigeria in one year – CBN
Central Bank of Nigeria (CBN) governor, Yemi Cardoso has stated that over $26 billion passed through the crypto app, Binance Nigeria in the last one year. Cardoso stated this on Tuesday, February 27…
- 1 Dec 2024
CBN to Penalize Banks for Failing to Address ATM Cash Shortages
Central Bank of Nigeria (CBN) has warned that it will impose severe penalties on banks failing to address the ongoing cash scarcity at automated teller machines (ATMs). Olayemi Cardoso, the CBN…
- 1 Dec 2024
CBN Governor Urges Nigerians to Stay and Rebuild Amid Economic Reforms
Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN) has urged Nigerians to reconsider leaving the country, popularly referred to as "Japa." He assured that the CBN is working toward…
- 25 Nov 2025
CBN Says 16 Banks Have Fully Complied with Recapitalisation Requirements
Central Bank of Nigeria (CBN) has confirmed significant progress in the ongoing bank recapitalisation programme, with Governor Olayemi Cardoso announcing that sixteen banks have already met the new…
- 3 Mar 2026
Nigeria's Net Reserves Surge 50% to $34.8bn in 2025 – CBN Governor
Nigeria's net foreign exchange reserves surged to $34.80 billion by end-2025, Central Bank Governor Olayemi Cardoso disclosed, marking a 50.58 percent rise of $11.69 billion from $23.11 billion in…
- 22 Apr 2024
Forex Volatility will Not End Overnight- CBN Gov
Yemi Cardoso, governor, Central Bank of Nigeria (CBN) has said that the volatility in the foreign exchange (FX) rate cannot end overnight, adding that there will be continuous ups and downs in the…
- 27 Mar 2024
CBN Urges Banks to Expedite Action on Recapitalisation
Central Bank of Nigeria (CBN) has directed deposit money banks in the country to expedite action to increase their capital base from the current ₦25bn. Olayemi Cardoso, governor of CBN Olayemi…
- 23 Jul 2024
We Banks Told to Transfer Dormant Accounts to Us to Prevent Fraud – CBN
Olayemi Cardoso, governor, Central Bank of Nigeria (CBN), has explained that it ordered banks to transfer all dormant accounts and unclaimed balances to a specialized account to prevent fraud.…
- 8 Oct 2025
CBN Makes case for Open Banking Policy @ Nigeria Fintech Week
Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria, CBN, has said that policies such as open banking when operational will foster new opportunities for collaboration, ensuring customers…
- 23 Jul 2024
CBN Raises Interest Rate to 26.75% Amid Inflation
Central Bank of Nigeria (CBN) monetary policy committee has raised interest rate by 50 basis points from 26.25% to 26.75%. The Governor of the CBN, Mr. Olayemi Cardoso announced this at the end of…
- 23 Oct 2024
NIBSS Plans BVN Platform Launch for Nigerians in Diaspora- CBN
Central Bank of Nigeria (CBN) has said that a bank verification number (BVN) platform will be launched by December for Nigerians in the diaspora. Olayemi Cardoso, governor, CBN, stated this during a…
- 12 Mar 2025
Daphne Dafinone, CBN GOV's Ally Facing Alleged N100m Fraud Charges – Police
Daphne Dafinone, an ally of Olayemi Cardoso, governor, Central Bank of Nigeria (CBN), is facing prosecution over an alleged N100 million fraud. Daphne Dafinone, Dafinone who is also a board member of…
- 25 Jan 2026
CBN Prepares Fresh Debit Card Rules to Improve ATM Services
Central Bank of Nigeria (CBN) is to introduce new rules to improve how debit cards and Automated Teller Machines (ATMs) work in Nigeria, according to Olayemi Cardoso, governor of the apex bank.…
- 27 Feb 2024
CBN Raises Interest Rate to 22.5%
Central Bank of Nigeria's Monetary Policy Committee (MPC) has raised interest rate by 400 basis point from 18.5 percent to 22.5 percent. CBN governor Yemi Cardoso disclosed the decision of the…
- 18 Sept 2025
Don’t Spray, Mutilate Naira - CBN
Central Bank of Nigeria (CBN) has warned Nigerians, especially market women, against spraying, hawking and mutilating of the naira, the nation’s national currency. Olayemi Cardoso, governor, CBN, who…
- 1 Dec 2025
Nigeria’s "Era of Renewed Stability" and the Truths the CBN Chooses to Overlook
By Blaise Udunze At the Annual Bankers’ Dinner, when the Governor of the Central Bank of Nigeria, Yemi Cardoso, recently stated that Nigeria had "turned a decisive corner," his remark aimed to convey…