24 results
- 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,…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 24 Oct 2023
Naira: Reps Deputy Spokesman Says New CBN Leadership Incompetent
Philip Agbese, deputy spokesman of the House of Representatives, has declared that the new leadership of the Central Bank of Nigeria (CBN), is not meeting the expectation of Nigerians. Yemi Cardoso,…
- 1 Mar 2024
CBN Revokes Licenses of over 4,000 Bureau De Change Operators
Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) operators in the country. Yemi Cardoso, CBN Gov The CBN’s Acting Director of Corporate Communications, Sidi Ali…
- 3 Oct 2024
CBN Introduces EFEMS to Enhance Transparency in Forex Market
Central Bank of Nigeria (CBN) has introduced an Electronic Foreign Exchange Matching System (EFEMS) for Foreign Exchange (FX) transactions within the Nigerian Foreign Exchange Market (NFEM). Yemi…
- 27 Mar 2024
CBN, EFCC Probe Banks, Firms over Alleged Forex Racketeering
Central Bank of Nigeria (CBN), is investigating irregular foreign exchange transactions and forward contracts valued at approximately $2.4 billion. The inquiry follows an extensive audit by Deloitte,…
- 10 Jan 2024
CBN sacks boards of Union, Titan, Keystone, Polaris banks
Central Bank of Nigeria has, with immediate effect, sacked the entire Board of Directors of Polaris, Titan, Union and Keystone Banks. CBN sources say the decision was taken in a meeting led by the…
- 14 Jan 2024
Worries as CBN Begins Abuja Office Decongestion Affecting 1,533 Staff
There is a growing concern among workers as the Central Bank of Nigeria (CBN), commenced the decongestion of its head office in Abuja, affecting 1,533 staff. According to an internal memo, the…
- 8 Aug 2015
Airtel Returns with Touching Lives Season 2
After recording monumental success with the maiden edition of its revolutionary CSR initiative, Airtel Touching Lives, leading telecoms operator, Airtel Nigeria, has announced the commencement of the…
- 29 Mar 2024
CBN Reports over $1.5Bn Forex Inflow
Central Bank of Nigeria, CBN, said over $1.5bn inflow into the country has been recorded in the past few days. This development, the apex bank’s Acting Director of the Corporate Communications…
- 18 Sept 2024
CBN Reintroduces Controversial Cybersecurity Levy @ 0.005 Percent in New Guidelines
Central Bank of Nigeria (CBN) has announced that it will continue enforcing the controversial cybercrime levy at 0.005 per cent on all electronic transactions under its new guidelines for the…
- 22 Oct 2024
Tariff Must Increase or 'MTN Will Shut Down' - Toriola
MTN Nigeria, the largest telecom operator in the country, has raised alarms over a potential shutdown if tariffs are not increased to address rising operational costs. Olatokun Toriola, Chief…
- 28 Oct 2024
IFC, CBN Partner to Boost Local Currency Financing in Nigeria
IFC, a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have signed an agreement to increase local currency financing to enable private businesses in Nigeria to grow and thrive.…
- 13 May 2025
CBN, NIBSS Unveil BVN Platform for Diaspora Nigerians
Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) on Tuesday inaugurated an innovative digital gateway allows Nigerians in the diaspora to obtain a…
- 20 May 2025
CBN Maintains 27.50% MPR as Inflation Moderates
Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the MPR at 27.50 per cent, thus making it the second consecutive time in 2025. The decision was announced by the CBN…
- 13 Dec 2023
BVN for Tier-1 Wallets, Accounts will Reduce Fraud – ACAEBIN Boss
Prince Akamadu, chairman, Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN), has said that the recent directive by the Central Bank of Nigeria (CBN) mandating all tier-1 bank…