Browsing: Olayemi Cardoso

The Central Bank of Nigeria has launched a five-day Regional Workshop on Project Management, Monitoring & Evaluation using Results-Based Management with the West African Institute for Financial and Economic Management. The event, which runs from May 6 to May 10, 2024, aims to enhance project management capabilities within the region. The workshop was inaugurated […]

The Senate committee investigating the N30 trillion Ways and Means loans acquired from the Godwin Emefiele-led Central Bank of Nigeria by the Federal Government announced it will request an extension for the investigation period. At the start of the panel on March 11, 2024, Senate President GodsWill Akpabio gave the panel a […]

The head of the Central Bank of Nigeria, Olayemi Cardoso, has revealed that the central bank is dedicated to improving financial and economic inclusion, and also making the formal money transfer channels better. In a statement on the bank’s website on Monday, Cardoso talked about the achievements, challenges, and future plans for Nigeria’s economy. Cardoso […]

The Central Bank of Nigeria recently announced new minimum capital requirements for banks, setting the minimum capital for commercial banks with international authorization at N500bn, after encouraging Nigerian banks to strengthen their financial system by increasing their capital base.

The naira strengthened against the United States dollar on Wednesday at the official and parallel markets, with the local currency making a significant gain against the greenback at the black market. This happened as the Central Bank of Nigeria announced the final settlements of all valid foreign exchange backlogs, fulfilling a key promise of the …

The Central Bank of Nigeria has declared that it has effectively cleared all valid foreign exchange backlogs, getting rid of an old burden. This achievement fulfills a promise made by CBN Governor, Mr Olayemi Cardoso, to deal with an inherited backlog of $7bn in claims. The announcement was made by the bank's Acting Director of […]

Two leaders of Binance, the biggest cryptocurrency exchange, will remain in custody for at least two more weeks in Nigeria, as per their families. The duo went to court for the first time on Wednesday, even though they were not charged with a crime, according to Reuters.

The Central Bank of Nigeria has announced the 294th meeting of the Monetary Policy Committee, a crucial gathering that shapes the nation’s economic policies. The apex bank made this known in a document uploaded on its website on Tuesday. The MPC is the highest policy-making committee of the bank with the mandate to review economic […]