The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over its “failure to account for US$6.23 million in allegedly diverted or unaccounted-for election funds and over ₦1.63 trillion in other public funds.” The lawsuit followed grim allegations documented in Volume...
Yemi Cardoso
Since assuming office as Governor of the Central Bank of Nigeria (CBN) on September 22nd, 2023, Olayemi Cardoso has spearheaded landmark reforms that have fundamentally repositioned the Nigerian economy. Under Cardoso’s stewardship, the CBN has become a beacon of transparency, innovation, and resilience. His leadership has drawn public commendation...
As the drums of politics begin to sound again with the commencement of campaigns for the 2027 elections, rallies, billboards, media blitzes and display of constituency projects are set to flood the country. While many, including media owners, see this as a harvest time, an opportunity to make money,...
Central Bank of Nigeria (CBN) has injected N5.21 trillion into the banking system between August 4 and August 11, 2026, ahead of its N700 billion Nigerian Treasury Bills (NTB) auction scheduled for Wednesday. According to financial data published by the apex bank, the liquidity injection was largely driven by...
Central Bank of Nigeria (CBN) has said the next stage of fintech development in Nigeria must focus on five important outcomes to achieve sustainable growth of the initiative. Governor, Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, stated this in a goodwill message at the 3rd Business Journal Fintech...
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and the Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, are set to headline the 7th Africa Emerging Markets Forum, scheduled to take place in Abuja. The two prominent economic leaders will feature in a high-level fireside...
Central Bank of Nigeria (CBN) on Wednesday July 22 defended its monetary and foreign exchange reforms before the Senate, insisting that recent policy measures are yielding positive results despite concerns over inflation, bank lending and the apex bank’s financial operations. CBN Governor Olayemi Cardoso, accompanied by the four deputy...
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has called on banks to stay vigilant against emerging risks after the banking sector recapitalisation exercise, even as the Monetary Policy Committee kept the benchmark interest rate unchanged. Speaking after the MPC 305th meeting in Abuja, Cardoso said the...
Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding (MoU) that both organisations said would safeguard consumers against fraud while opening opportunities for them to leverage the potentials of the telecommunications and financial sectors. The MoU was signed as NCC and...
“The recapitalisation programme has strengthened the capital base of Nigerian banks, reinforcing the resilience of the financial system and ensuring it is well-positioned to support economic growth and withstand domestic and external shocks.”– Olayemi Cardoso, Governor, Central Bank of Nigeria. In April 2026, Nigeria finished a major project to...
The second conference of the National Economic Council, convened on 9 and 10 February 2026, was not another calendar obligation dressed up as policy theatre. It was a working session of a federation intent on maturing. For the Federal Ministry of Budget and Economic Planning, constitutionally mandated as secretariat...
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) “over the failure to account for and explain the whereabouts of the missing or diverted N3 trillion of public funds, including the over N629 billion paid to ‘unknown beneficiaries’ as part of...
House of Representatives has directed the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, to appear before its Committee on Public Accounts following revelations of more than ₦5 trillion in unremitted operating surplus and ₦11 trillion in revenues linked to the Remita collection system. The decision came...
Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, has inaugurated the new Board of the Agricultural Credit Guarantee Scheme Fund (ACGSF), reaffirming the Bank’s commitment to strengthening Nigeria’s agricultural sector. He highlighted the Scheme’s vital role in de-risking agricultural lending since 1977 and called for a more innovative,...
Senate on Thursday demanded full transparency from the Central Bank of Nigeria (CBN) over an alleged failure to remit ₦1.44 trillion in operating surplus—an inquiry that came just as the apex bank declared that the Nigerian economy had entered its most stable period in more than ten years. During...
In a move aimed at enhancing collaboration and capacity building in central banking, the Central Bank of Nigeria (CBN) and the Bank of Angola on Thursday signed a Memorandum of Understanding (MoU) to promote bilateral cooperation. The agreement was formalised in Washington D.C., on the sidelines of the IMF/World...
Nigeria’s inflation rate has fallen to 18.02%, marking its lowest level in three years and continuing a six-month streak of decline, according to the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso. Speaking in Washington on Thursday during the ongoing IMF and World Bank Annual Meetings, Cardoso...
Nigeria’s trade surplus has risen to six percent of the country’s Gross Domestic Product (GDP), according to the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso. Cardoso disclosed this while speaking at the ongoing IMF/World Bank Group Annual Meetings in Washington, D.C., where he is leading Nigeria’s...