CBN Allocates $106.5m To 29 FX Dealer Banks

CBN Allocates $106.5m To 29 FX Dealer Banks

The Central Bank of Nigeria (CBN) has announced the sale of $106.5 million as foreign exchange (FX) to 29 FX dealer banks.  In a statement issued on Friday by Dr Omolara Omotunde Duke, Director, Financial Markets Department, it was disclosed...
read more
Cardoso: Non-Bank Transactions Threaten Financial Stability In West Africa

Cardoso: Non-Bank Transactions Threaten Financial Stability In West Africa

The rising transaction volumes by non-banks threaten financial stability in West Africa, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said. He stated this on Monday at the 10th meeting of the College of Supervisors for...
read more
Cardoso: Naira Best Performing Currency Globally

Cardoso: Naira Best Performing Currency Globally

Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, on Saturday said the apex bank’s FOREX reforms have made the naira the best-performing currency globally.  Cardoso, who at a briefing on the sidelines of the just-ended World Bank/IMF Spr...
read more
Cardoso: CBN Not Using Foreign Reserve To Defend Naira

Cardoso: CBN Not Using Foreign Reserve To Defend Naira

THE Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, on Wednesday said the apex bank is not defending the Naira with the nation’s foreign reserves. He was speaking against the backdrop of the recent decline in Nigeria’s foreign reserves....
read more
CBN Revokes Operational Licenses Of 4,173 BDCs

CBN Revokes Operational Licenses Of 4,173 BDCs

The Central Bank of Nigeria (CBN), in exercise of the powers conferred on it under the Bankand Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the Revised OperationalGuidelines for Bureaux De Change 2015, has revoked the licenses of...
read more
Cardoso To Nigerians: Moderate Demand For Forex

Cardoso To Nigerians: Moderate Demand For Forex

The Governor, Central Bank of Nigeria, (CBN), Olayemi Cardoso has implored Nigerians to cut down on their demand for forex. “We must moderate our demands for forex. Where there are opportunities to substitute locally, so we should.” the CBN governor...
read more
Ministers, CBN, FIRS Pledge To Address High Cost Of Living

Ministers, CBN, FIRS Pledge To Address High Cost Of Living

The Minister of Finance, Mr Wale Edun, and the Minister of Budget and National Planning, Atiku Bagudu, have assured Nigerians that the high cost of living being witnessed by Nigerians is currently being addressed. Mr Olayemi Cardoso, the Governor of...
read more
CBN To Hold First MPC Meeting Under Cardoso

CBN To Hold First MPC Meeting Under Cardoso

The Central Bank of Nigeria (CBN) is to hold its first Monetary Policy Committee meeting under the tenure of Mr. Olayemi Cardoso as Governor on Monday, February 26 and Tuesday, February 27, 2024. The announcement follows a two-day strategic session...
read more
Union Bank Pledges Seamless Service As New Management Resumes

Union Bank Pledges Seamless Service As New Management Resumes

Union Bank of Nigeria has reassured its partners, customers and critical stakeholders of continued excellent service and seamless operations following the recent appointment of its new Managing Director/Chief Executive Officer, Yetunde Oni, by the Central Bank...
read more
CBN: Cardoso Pledges Compliance

CBN: Cardoso Pledges Compliance

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has promised that his administration would inculcate a culture of compliance into the apex bank by adhering strictly to the CBN Act 2007. “I believe that the Central Bank under...
read more
Cardoso Assumes Duty As CBN Governor

Cardoso Assumes Duty As CBN Governor

Acting Central Bank of NIgeria (CBN) Governor Dr. Olayemi Cardoso, on Friday, September 22, 2023, formally assumed duty, in an acting capacity, as the Governor of the apex bank, pending his confirmation by the Senate. CBN in a statement, on...
read more
Tinubu Nominates Yemi Cardoso As CBN Governor

Tinubu Nominates Yemi Cardoso As CBN Governor

President Bola Tinubu has approved the nomination of Dr. Olayemi Cardoso as the new Governor of the Central Bank of Nigeria (CBN) for a term of five years at the first instance, pending his confirmation by the Senate.⁣A statement signed...
read more