The Central Bank of Nigeria (CBN), has said Nigeria’s Deposit Money Banks (DMBs) are satisfactorily resilient amid both external and internal pressures. The Governor of the CBN, Mr Yemi Cardoso, said this on Tuesday in Abuja while presenting a communiqué issued at the end of the 298th meeting of...
Yemi Cardoso
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further raised interest rate by 25 basis points to 27.50 per cent from 27.25 per cent. The Governor of the CBN and Chairman of the MPC, Yemi Cardoso, announced the raise on Tuesday in Abuja, while...
The Central Bank of Nigeria (CBN) on Tuesday reiterated its commitment to fostering financial inclusion as a key strategy for achieving macroeconomic stability in the country. CBN Governor, Olayemi Cardoso, said this at the 2024 International Financial Inclusion Conference in Lagos with the theme, “Inclusive Growth: Harnessing Financial Inclusion...
The Governor, Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has said that the government was increasing financial inclusion for women as a top priority. Cardoso said this during a question-and-answer session at the 30th Nigeria Economic Summit (NES30) in Abuja on Wednesday. He said that the CBN was...
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, on Tuesday said the country’s foreign reserves rose by 12.74 per cent to $39.12 billion as of October 11. Cardoso stated this while appearing before the House of Representatives Committee on Banking Regulation. The apex bank boss noted that the...
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says lifting of petroleum products from the Dangote Refinery will moderate foreign exchange demand pressures. Cardoso who said this on Tuesday in Abuja, while presenting a communique from the apex bank’s 297th Monetary Policy Committee meeting, said that...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further increased the Monetary Policy Rate (MPR) by 50 basis points to 27.25 per cent from 26.75 per cent. The Governor of the CBN, Yemi Cardoso, made this known on Tuesday in Abuja, while reading the...
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 MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN), on Tuesday said it has recorded a significant increase in remittance inflows of 553 million dollars in July. The CBN’s Acting Director, Corporate Communications, Mrs Hakama Sidi-Ali, who disclosed this in a statement, said the all-time high remittances...
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 Monetary Policy Committee (MPC), on Tuesday announced another increase in the country’s Monetary Policy Rate (MPR), known as the baseline interest rate, to 26.75 per cent from 26.25 per cent. The MPC also adjusted the Asymmetric Corridor to +500/-100 basis points from +100/-300 basis points around the...
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...
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has urged Non-Bank Financial Institutions (NBFI) in the West African Monetary Zone (WAMZ) to strengthen anti-money laundering practices. Cardoso said this on Monday in Abuja, in his keynote address at the 10th Meeting of the College of...
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...
A Lagos-based public affairs analyst, Gbenga Ibrahim, has commended President Bola Tinubu and the Governor, Central Bank of Nigeria (CBN), Yemi Cardoso, for driving change through ongoing anti-corruption campaign in CBN. Ibrahim, in a statement on Sunday in Abuja, said that Tinubu had announced significant progress in the...
Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has said the pains of ongoing reforms would soon be over if the citizens can support the monetary and fiscal policies of the government. Cardoso represented by Dr Blaise ljebor, Director, Risk Management, said this while participating in a panel...
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...
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...