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6 Uncomplicated Ways to Get Studying Fun

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Naira falls N777 against dollar after CBN announcement
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Investment commission pledges FDI support to improve Nigeria’s

  • March 6, 2022
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Nigeria’s gas revolution will lift West Africa’s energy

  • March 6, 2022

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Forex shortage drives rise in local raw material use

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FG generates N6.96bn in mining fees

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Currency outside banks hit ₦4.6trn in March – CBN

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Natural catastrophes, conflict pose danger to countries' financial stability - Cardoso
Business

Nigeria needs stable exchange rate – Cardoso

The President’s nominee for the Central Bank of Nigeria’s governorship seat, Dr. Olayemi Cardoso. stated that country needs a stable exchange rate in order for Nigeria to advance. Nairametrics revealed that he stated it while responding to inquiries from the Senate during his screening for potential confirmation as the new CBN Governor. Dr. Olayemi Cardoso and the other […]

Senate screens Yemi Cardoso as CBN gov
News

Senate screens Yemi Cardoso as CBN gov

    The Nigerian Senate is currently conducting a screening process for the acting Governor of the Central Bank of Nigeria, Olayemi Cardoso and four others nominated by President Bola Tinubu as deputy governors. Recall that AM Business reported that Olayemi Cardoso assumed office as the acting CBN governor last Friday following the departure of […]

Senate increases FCT’s budget to N1.282trn
News

Senate to screen nominees for CBN gov, deputy Tuesday

            The Nigerian Senate is scheduled to conduct a screening session on Tuesday for the former Chairman of the Board of Citi Bank Nigeria,Olayemi Cardoso. Cardoso is being considered for the prestigious position of Governor of the Central Bank of Nigeria. In addition to Cardoso, the Senate will also examine […]

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.
News

Cardoso assumes office as CBN gov

By Wilson Adekumola   Dr. Olayemi Cardoso who has been nominated as the governor of the Central Bank of Nigeria by President Bola Tinubu has officially assumeed office on Friday.   This was made known in a statement by the Director, Corporate Communications at the CBN, Dr. Isa AbdulMumin noting that Cardoso assumed duty as […]

United Capital endorses CBN's stakeholder partnership
Banking

CBN postpones September 2023 MPC meeting

The Central Bank of Nigeria has announced the unexpected postponement of its much-awaited 293rd Monetary Policy Committee meeting, which was initially planned for Monday and Tuesday, September 25 and 26, 2023. According to Nairametrics, the Director of Corporate Communications at the CBN, Dr. Isa AbdulMumin, announced the decision to postpone this crucial meeting in a press statement on September […]

United Capital endorses CBN's stakeholder partnership
Banking

CBN introduces new online MFB licensing platform

The Central Bank of Nigeria has launched a new online portal for the submission of license applications for microfinance banks. According to The Times, an official press release states that the new CBN Licensing, Approval and Other Requests Portal would take the place of the manual method now used by prospective MFB license applicants to physically submit […]

Emefiele resigned as CBN governor in August - Report
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Emefiele resigned as CBN governor in August – Report

  A report published by Renters has indicated that suspended Governor of the Central Bank of Nigeria, Godwin Emefiele, resigned from his position in August. This paves way for the nomination of Mr. Yemi Cardoso as the new apex bank head. Am Business reported that President Bola Tinubu on Friday named Cardoso the new governor […]

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.
News

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 […]

International investors remain cautious as Cardoso seeks cash infusions - Report
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Tinubu nominates Olayemi Micheal as CBN governor

Juliet Buna President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria. A statement by the President’s spokesperson, Ajuri Ngelale said the new CBN governor will work for a term of five (5) years at the first instance, pending his confirmation […]

Equity investors lose N1.5tn as bond yield rises
Banking

CBN instructs banks to keep foreign exchange revaluation profits

Banks are required by the Central Bank of Nigeria to set aside earnings from foreign exchange revaluation as a safety net against impending economic shocks. According to Vanguard, in this case, the regulator forbade banks from using foreign exchange revaluation gains to pay dividends or cover operating costs. This information was provided by the apex bank […]

Equity investors lose N1.5tn as bond yield rises
Banking

Why CBN should dump exchange rates unification – Lemo

The Central Bank of Nigeria should dump the merger of parallel and official exchange rates, according to a former Deputy Governor of the CBN, Dr. Tunde Lemo. According to The Punch, he claimed that the naira is not an internationally convertible currency and that the central bank need not be concerned about a shortfall of up to N50. This […]

Nigerian Exchange ahead in Africa with 33.70% gain
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Why CBN’s currency swap hit $12bn despite low reserves

Fitch Ratings has reported that the Central Bank of Nigeria’s currency swaps with local banks will be worth between $10 billion and $12 billion by the end of 2022. According to The Punch, it was said that this represented 30% of the country’s gross reserves (at $37 billion as of the end of 2022) and consisted of […]