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Private sector laments loan repayment as interest rate hits 26.26%
Business

Nigeria prepared for external inflation shocks – Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that Nigeria now has adequate economic buffers to absorb inflationary pressures triggered by the ongoing conflict in the Middle East. Speaking in Abuja on Tuesday after the 305th Monetary Policy Committee meeting, Cardoso explained that the recent uptick in inflation was largely driven […]

Diaspora Nigerians to pay ₦80,000 for remote BVN
featured Policy and Regulations

Uphold governance or face sanctions, Cardoso warns bank directors

Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, on Sunday warned bank directors and industry leaders to strengthen corporate governance or face decisive regulatory action, declaring that “strong governance is the foundation of trust and stability in the financial system.” Vanguard reported that he gave the warning in a keynote address at the […]

Diaspora Nigerians to pay ₦80,000 for remote BVN
Economy featured

Cardoso dismisses reserve fluctuations, assures strong buffers

Governor of the Central Bank of Nigeria, Olayemi Cardoso, has dismissed concerns over recent fluctuations in the country’s external reserves, insisting that Nigeria remains in a strong and comfortable position, with buffers well above global benchmarks. Tribune reported that speaking at a Nigerian press conference to round up the International Monetary Fund/World Bank Spring Meetings […]

Business

Middle East conflict threatens Nigeria’s economy – Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has raised concerns over the escalating conflict in the Middle East, warning that it poses a serious threat to Nigeria’s economic stability. Speaking at the Monetary Policy Forum in Abuja on Thursday, Cardoso noted that the tensions could have far-reaching implications for the country’s financial […]

Opinion

CBN gov urges stronger African cooperation on cross-border risks

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has urged African financial regulators to strengthen cooperation in managing cross-border risks. Cardoso also restated the CBN’s commitment to entrenching robust corporate governance in Nigeria’s financial system. He spoke at the 4th Annual IMF/AFRITAC West 2 High-Level Executive Forum for Financial Sector Regulation and […]

Economy featured

Nigeria’s economy strong against Middle Eastern tensions — Cardoso

Central Bank Governor Olayemi Cardoso has assured that Nigeria’s ongoing macroeconomic reforms have fortified the economy against potential shocks from escalating Middle East tensions. He made this declaration while delivering the Distinguished Alumni Lecture at the Founders Day celebration of St Gregory’s College in Lagos on Thursday. Cardoso highlighted that the global economy is grappling […]

Banking featured

Defunct Heritage Bank depositors beg Tinubu, Cardoso for full refund

Depositors of the defunct Heritage Bank, whose funds remain trapped following the institution’s liquidation, have appealed to President Bola Tinubu and Central Bank of Nigeria Governor Olayemi Cardoso for urgent intervention. They demanded a swift and full reimbursement of all affected depositors’ funds. They also called for immediate bailout funds to be provided to the […]

featured Opinion

Cardoso is the best CBN gov ever — Otedola

Prominent investor with over three decades of experience across multiple economic cycles, Femi Otedola, has described Yemi Cardoso as the best Central Bank Governor Nigeria has produced, praising his leadership style and commitment to doing what is right for the economy. He said, “I say this without hesitation: Yemi Cardoso is the best Central Bank […]

Economy

FATF exit saves Nigeria $30bn, says CBN gov

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, stated that Nigeria’s exit from the Financial Action Task Force grey list has successfully restored global confidence in the nation’s financial system and prevented the economy from losing over $30 billion in potential investments. The Governor made this significant disclosure on Friday during the annual […]

Diaspora Nigerians to pay ₦80,000 for remote BVN
featured Investment

Foreign investment soars to $21bn in 2025 — Cardoso

Nigeria experienced a significant surge in external investor confidence, with foreign capital inflows reaching $20.98 billion in the first ten months of 2025. This figure, the highest in years, was disclosed by the Central Bank Governor, Mr. Olayemi Cardoso. Speaking at the 2025 Annual Bankers’ Dinner of the Chartered Institute of Bankers of Nigeria in […]

Private sector laments loan repayment as interest rate hits 26.26%
featured

Cardoso leads Nigeria to US for IMF, W’Bank meeting

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, will head Nigeria’s delegation to the 2025 World Bank and International Monetary Fund Annual Meetings in Washington D.C., which begin on Monday, October 13. According to a statement issued on Sunday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, Cardoso […]

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