30 results
- 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.…
- 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…
- 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…
- 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…
- 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,…
- 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…
- 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,…
- 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.…
- 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…
- 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.…
- 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…
- 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…
- 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…
- 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…
- 20 Feb 2025
CBN Retains Benchmark Interest Rate at 27.5% after MPC Meeting
Central Bank of Nigeria, CBN, has retained the Monetary Policy Rate, MPR, as its benchmark interest rate at 27.5%.Nigerian home decor ideas. Governor of CBN, Olayemi Cardoso, disclosed this at the…
- 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 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…
- 16 Nov 2025
SERAP Demands Answers over Missing N3 Trillion in CBN Account
Socio-Economic Rights and Accountability Project (SERAP) has urged Mr. Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), “to promptly account for and explain the whereabouts of the…
- 24 Feb 2026
CBN Cuts MPR by 50bps to 26.50% as Inflation Eases for 11th Month
Central Bank of Nigeria (CBN) has lowered its Monetary Policy Rate (MPR) by 50 basis points to 26.50 percent from 27 percent, a unanimous decision announced by Governor Olayemi Cardoso at the end of…
- 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…
- 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…
- 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…
- 25 May 2026
Nigeria’s Booming Banks And A Collapsing Economy
By Blaise Udunze Nigeria’s banking industry appears to be booming, largely driven by the policies of the Central Bank of Nigeria (CBN), under Governor Olayemi Cardoso, while the real economy…
- 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…
- 30 Jun 2024
SERAP: CBN Gets 7 Days Ultimatum to Account for ‘Missing’ N100Bn Dirty Notes, other public funds
Socio-Economic Rights and Accountability Project (SERAP) has urged Mr. Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), “to account for and explain the whereabouts of the over N100…
- 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…
- 12 Feb 2026
Billions in Nigeria’s Reserves, But Where is the Growth?
By Blaise Udunze The moment the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, recently announced that Nigeria’s foreign reserves had inched to $49 billion as of February 5, 2026,…
- 9 Feb 2024
CBN Sets New Conditions for Debt Recovery, Data, Fraud Protection
Central Bank of Nigeria (CBN) has ordered the regulated entities to engage and give customers notices of outstanding obligations prior to the commencement of debt collection. Olayemi Cardoso,…
- 21 Feb 2024
CBN Reportedly Planning to Close to all Crypto Websites in Nigeria
Central Bank of Nigeria (CBN) could be looking to block Nigerians from using crypto websites to combat the weakening of the naira. Olayemi Cardoso, Governor, Central Bank of Nigeria (CBN). While this…
- 19 May 2025
Don’t Panic, Banking Sector is Safe and Sound- CBN
Central Bank of Nigeria (CBN) has once again reaffirmed the resilience and stability of the country’s banking sector, describing it as safe and sound. Olayemi Cardoso, CBN, Gov In a statement…