Tag: CBN

CBN raises Customs rates for cargo clearance by 14%

The Central Bank of Nigeria has again announced a hike in the…

Onwubuke Melvin April 29, 2024

FG releases list of licensed Deposit Money Banks

FG borrows additional N3.8trn from CBN in six months

The Federal Government of Nigeria acquired an additional N3.8 trillion through what…

Alex Omenye April 26, 2024

FG borrows additional N3.8trn from CBN in six months

The Federal Government in what appears to be Ways and Means has…

Onwubuke Melvin April 26, 2024

Bankers oppose removal of retained earnings in CBN terms

CBN’s moves to stabilise naira commendable – Osun cleric

The aggressive policies introduced by the Governor of the Central Bank of…

Onwubuke Melvin April 25, 2024

CBN sells dollars to BDCs at N1,021/$ as naira falls

The Central Bank of Nigeria has issued a circular to all Bureau…

Onwubuke Melvin April 23, 2024

CBN reduces banks’ loan-deposit ratio to 50%

The Central Bank of Nigeria has reduced the loan-to-deposit ratio of commercial…

Onwubuke Melvin April 18, 2024

10 facts about CBN governor-nominee Cardoso The President, Bola Tinubu, on Friday named Olayemi Michael Cardoso as the substantive Governor of the Central Bank of Nigeria. He is expected to replace the Acting Governor of the CBN Folashodun Shonubu if confirmed by the Senate. Below are 10 facts about him. i. Dr. Olayemi Cardoso hails from Lagos State, a city renowned for its vibrant economic and cultural diversity. ii.His parents were descendants of Brazilian returnees who belonged to prominent families in Popo Aguda, adding a rich cultural heritage to his background. iii. Dr. Cardoso's father, Felix Bankole Cardoso, made history as Nigeria's first indigenous Accountant-General of the Federation in 1963, setting a high bar for public service. iv. His academic journey began at Corona School Ikoyi, where he received his primary education, followed by St. Gregory's College in Lagos for his secondary education. v. Dr. Cardoso's pursuit of knowledge took him to Aston University, where he earned a Bachelor's degree (B.Sc.) in Managerial and Administrative Studies in 1980. vi. He continued his academic journey, earning a Master's degree in Public Administration in 2005 as a Mason Fellow, showcasing his commitment to continuous learning and growth. vii. Dr. Cardoso's career in finance included serving as the former chairman of Citibank Nigeria, where he undoubtedly honed his financial acumen. viii. His commitment to public service led him to serve as the Commissioner for Economic Planning and Budget in Lagos State during President Tinubu's tenure as the governor. ix. Dr. Cardoso is not just a participant in Lagos's economic development but also an architect. He is the founding chairman and co-chair of the Ehingbeti Summit, the Lagos State economic summit. x. Behind the impressive resume, Dr. Cardoso is a family man. He is married with five children and three grandchildren, embodying the values of responsibility and dedication.

Economy featured

Nigeria’s FX reserves shrink linked to debt repayments – CBN

The Central Bank of Nigeria has thrown more light on the reasons…

Onwubuke Melvin April 18, 2024

Nigeria's FX reserves hits $32.3bn, rises by $262m

Nigeria’s FX reserves shrink, sparks naira float speculation

The Nigerian foreign reserves are depleting at a pace not observed in…

Alex Omenye April 17, 2024

Court grants Emefiele N50m bail

The Lagos high court in Ikeja has granted the former Central Bank…

Onwubuke Melvin April 12, 2024

Keyamo affirms airline industry’s FX backlog cleared

The Minister of Aviation and Aeronautics, Festus Keyamo said the Central Bank…

Onwubuke Melvin April 8, 2024

Bankers worry over 12,000 job losses

The Nigeria Labour Congress, NLC, and the Association of Senior Staff of…

Onwubuke Melvin April 7, 2024

Nigeria's external reserves rise to $36.89bn — CBN gov

Naira sells at N1262 against dollar

The naira, on Wednesday, continued its gain against the United States dollar,…

Onwubuke Melvin April 4, 2024