Dr. Olayemi Cardoso, the newly confirmed Governor of the Central Bank of Nigeria (CBN), has unveiled ambitious plans to boost the country's Gross Domestic Product (GDP) to $1 trillion within eight years. During his confirmation hearing before the Senate, Cardoso outlined strategies, including...
The Nigerian Senate resumed its plenary session on Tuesday following a six-week recess. During the session, the Senate entered into a closed-door meeting to discuss various national issues. Among the top priorities on the agenda was the screening and confirmation of Olayemi Cardosos, who had...
The Central Bank of Nigeria (CBN) has introduced an online platform called the CBN Licensing, Approval and Other Requests Portal (CBN LARP) for microfinance bank (MFB) license applications. This new digital platform will replace the previous manual submission process for MFB license...
The special investigator appointed by President Bola Tinubu, Jim Obazee, and his support team are set to begin questioning officials implicated in alleged wrongdoing at the Central Bank of Nigeria (CBN) and related entities. This development comes after the dismissal and subsequent arrest of...
The Central Bank of Nigeria (CBN) incurred approximately ₦74.84 billion in expenses during 2022 due to the naira redesign policy and other currency-related matters. These expenses encompassed the printing, processing, distribution, and disposal of currency notes, including factors like raw...
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