Union Bank of Nigeria has reaffirmed its financial stability and regulatory compliance following remarks by Olayemi Cardoso at the 304th Monetary Policy Committee briefing of the Central Bank of Nigeria. In a response to media enquiries, the bank said the CBN Governor’s comments on institutions under regulatory intervention were consistent with its longstanding position that […]
Nigeria’s gross external reserves rose to $50.45 billion as of February 16, 2026, Olayemi Cardoso announced at the conclusion of the Central Bank of Nigeria’s 304th Monetary Policy Committee (MPC) meeting in Abuja on Tuesday. The level marks the highest reserves position in more than a decade and provides an important cover of 9.68 months […]
The Africa Stablecoin Network (ASN) has formally declared its support for Governor Olayemi Cardoso of the Central Bank of Nigeria (CBN) regarding the urgent need to modernize cross-border payment systems. In a statement released on Tuesday, the network urged Nigerian regulators to adopt a coordinated framework that leverages stablecoin technology to address the inefficiencies currently […]
The Central Bank of Nigeria has officially reduced its benchmark interest rate from 27 percent to 26.5 percent. This decision marks a major shift in the financial direction of the country. The Governor of the Central Bank, Olayemi Cardoso, announced the new rate adjustment on Tuesday. He made this public declaration during a press briefing […]
Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has called on African central banks and development finance institutions to drive the continent’s growth through industrialisation, job creation and climate-conscious reforms. Speaking at the Egypt 30by30 Programme organised by the Central Bank of Egypt in collaboration with the International Finance Corporation, Cardoso said Africa […]
The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has stated that Africa must grow, industrialise, create jobs, expand opportunities, and lift millions out of poverty, while also decarbonising and building climate resilience. Mr Cardoso recently stated in his keynote speech at the Egypt 30by30 Programme organised by the Central Bank of Egypt […]
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has issued a strong warning that the rapid adoption of stablecoins and private digital payment platforms could exacerbate foreign exchange volatility and undermine monetary policy transmission in emerging economies. Cardoso delivered these remarks on Thursday during a plenary address titled “Digital Cross-Border Payments, Global […]
Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has called on African central banks and development finance institutions to drive the continent’s growth through industrialisation, job creation and climate-conscious reforms. Speaking at the Egypt 30by30 Programme organised by the Central Bank of Egypt in collaboration with the International Finance Corporation, Cardoso said Africa […]
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), told the Senate committee on banking, insurance and other financial institutions on Thursday that the country’s foreign reserves have risen to $46.7 billion. Addressing lawmakers, Cardoso said the current reserves level is the highest recorded in almost seven years and now offers roughly 10.3 months […]
The Monetary Policy Committee of the Central Bank of Nigeria has retained the benchmark interest rate at 27 percent, extending its pause on monetary tightening. Olayemi Cardoso, governor of the apex bank, announced the decision on Tuesday after the committee’s 303rd meeting in Abuja. Cardoso said the MPC voted “by a majority” to keep the […]
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has said that Nigeria’s trade surplus has risen to six per cent of the nation’s Gross Domestic Product (GDP). Cardoso made this known in a statement issued on Wednesday by the Director of Information and Public Relations at the Federal Ministry of Finance, Mr […]
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), will lead Nigeria’s delegation to the World Bank and International Monetary Fund (IMF) annual meetings in Washington, DC, United States. This follows the illness of Wale Edun, the minister of finance and coordinating minister of the economy. In a statement issued on Sunday, Bayo Onanuga, […]
Olayemi Cardoso, Central Bank of Nigeria (CBN) Governor, has described Nigeria’s youth as the country’s most valuable asset, urging them to take up the mantle of leadership in driving stability, innovation, and inclusive growth. Cardoso made the remarks on Friday at the inaugural CBN Governor Annual Lecture Series, held at Lagos Business School under the […]
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the clearance of the country’s foreign exchange (FX) backlog played a key role in the recent rise in Nigeria’s external reserves. Cardoso spoke on Friday at the CBN Governor’s Annual Lecture Series, held at the Lagos Business School (LBS). On March 20, the CBN […]
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), will on Friday take the stage at Lagos Business School (LBS) to deliver the first-ever edition of the CBN Governor’s Lecture Series. The lecture, titled “Next Generation Leadership in Monetary Policy & Nation Building,” is part of a fresh platform the apex bank says will […]
The FG has heaped praises on CBN governor, Olayemi Cardoso, for his initiative which helped generated an increase in diaspora remittance to the tune of $600m monthly. Abike Dabiri-Erewa, Chairman of the Nigerians in Diaspora Commission, made this remark in a statement issued by Abdur-Rahman Balogun, NiDCOM’s spokesperson, on Monday. Abike Dabiri-Erewa attributed the high […]
The Joint Committee of the House of Representatives on Public Accounts and Public Assets has threatened to issue a warrant of arrest for Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), over his repeated failure to appear before it. In a statement released on Friday, the committee chairmen, Bamidele Salam and Ademorin Kuye, […]
The Senate confirmed the appointment of Olayemi Cardoso as the governor of the Central Bank of Nigeria (CBN) on Tuesday. It also confirmed the nomination of Emem Usoro, Muhammad Dattijo, Philip Ikeazor and Bala Bello as the bank’s deputy governors. Their confirmation followed the consideration and approval of a motion moved by Senate Leader Opeyemi […]
By Ukpono Ukpong President Bola Tinubu has approved the nomination of Dr. Olayemi Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first instance, pending his confirmation by the Nigerian Senate. This was contained in a statement signed by the Special […]