The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said the decision by the Monetary Policy Committee (MPC) of the apex bank to further tighten the Monetary Policy Rate (MPR) was unanimous. Cardoso, who is also the Chairman of the MPC, said this on Tuesday in...
CBN Governor
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,...
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 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...
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...
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...
An FCT high court in Maitama on Wednesday admitted the embattled former Central Bank Governor, Godwin Emefieler to bail in the sum of N300 million . Justice Maryann Anenih granted him to bail while ruling on his bail application over alleged unlawful naira colour swap. The Economic and...
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...
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 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...
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says recent stability achieved in the foreign exchange (forex) market is commendable. Cardoso said this on Tuesday in Abuja, while presenting the communique from the 294th meeting of the apex bank’s Monetary Policy Committee (MPC). According to...
The Central Bank of Nigeria (CBN) has donated over 2 million bags of fertilisers worth N100 billion to farmers through the Federal Ministry of Agriculture and Food Security. The Governor of the CBN, Mr Yemi Cardoso, presented the bags of fertilisers to the Minister of Agriculture and Food...
The Ministry of Agriculture and Food Security has received 2.15 million bags of assorted fertilisers from the Central Bank of Nigeria (CBN). The News Agency of Nigeria (NAN) reports that the assorted fertilisers would be distributed to farmers to curb food inflation in the country as well as...
By JOY ADARA, Abuja – A Seventh Prosecution Witness, PW7, in the trial of a former governor of Central Bank of Nigeria, (CBN), Godwin Emefiele on Monday, March 11, 2024, told Justice Hamza Muazu of the Federal Capital Territory, FCT, High Court, Abuja, how Emefiele allegedly signed and approved...
Lagos State Governor, Babajide Sanwo-Olu has promised to immortalise the late founder of Access Bank, Dr Herbert Wigwe, who was born at the Island Maternity Hospital in the state. Sanwo-Olu made the pledge on Monday night at an event to celebrate the late Group Chief Executive, Access Corporation,...
The House of Representatives Public Account Committee (PAC) has summoned the Central Bank of Nigeria (CBN) Governor, Mr Olayemi Cardoso to appear before it on or before Tuesday, March 5, or face arrest warrant. Rep. Bamidele Salam, the chairman of the committee said this in Abuja on Tuesday...
The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso says the Naira is grossly undervalued. Cardoso said this on Tuesday in Abuja, while presenting a communiqué from the 293rd meeting of the apex bank’s Monetary Policy Committee (MPC). He said that the foreign...