yemi cardoso
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Nigeria How Forex Restrictions on 43 Items Cost Nigeria a Staggering $1.4 Billion -CBN Governor
Nigeria's Central Bank Governor, Olayemi Cardoso, disclosed a staggering $1.4 billion revenue drop between 2015 and 2019 due to forex restrictions on 43 key items. The revelation, made during a keynote address at the Chartered Institute of Bankers of Nigeria, highlighted a 51.0% increase in...- Nigeria News
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Nigeria CBN Governor Announces Capital Boost for Banks Amidst President Tinubu's $1tn Economy Ambition
In a significant address at the 58th Annual Dinner of the Chartered Institute of Bankers of Nigeria, CBN Governor Dr. Olayemi Cardoso revealed plans to direct Deposit Money Banks to bolster their capital base. The move is a response to President Bola Tinubu's ambitious projection of a $1tn...- Nigeria News
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Nigeria Nationwide Naira Scarcity: Banks Ration Cash in Kano, Sokoto, Edo, and More
In defiance of recent Central Bank assurances, reports of a renewed Naira scarcity have emerged across several states, including Abuja, Lagos, Kano, Kwara, Gombe, Edo, Sokoto, and Ekiti. The PUNCH's survey exposed the challenges faced by bank customers and Point of Sale operators, who bemoan...- Nigeria News
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Nigeria Ex-CBN Governor Emefiele Granted N300M Bail Amid Procurement Fraud Charges
Justice Hamza Muazu of the Federal Capital Territory High Court in Abuja has granted Mr. Godwin Emefiele, the immediate past Governor of the Central Bank, bail in the sum of N300 million and two sureties in like sum. The sureties are required to provide certificates of occupancy and titles of...- Nigeria News
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Nigeria Naira Soars to N750.14 Against Dollar
The Nigerian Naira showcased a robust performance, closing at N750.14 against the dollar at the official market on November 20, 2023. This 5.55% appreciation brought relief to financial analysts, attributing the upswing to the Central Bank of Nigeria's (CBN) strategic move to clear a backlog of...- Nigeria News
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Nigeria CBN Postpones MPC Meeting for Second Consecutive Month
The Central Bank of Nigeria (CBN) has once again deferred the meeting of its Monetary Policy Committee (MPC), despite the country grappling with a significant surge in inflation. A Bloomberg report on Monday quoted Dr. Isa Abdulmumin, the CBN's Director of Corporate Communications, confirming...- Nigeria News
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Nigeria CBN: Old Naira Notes Stay Legal Tender, Easing Cash Woes for Nigerians
Central Bank of Nigeria (CBN) has declared that the old naira notes, initially slated for discontinuation, will now remain legal tender indefinitely. The CBN's decision to extend the legal tender status comes in the wake of concerns over cash scarcity and challenges faced by residents in...- Nigeria News
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Nigeria Nationwide Naira Crunch: Banks Enforce Withdrawal Limits, ATMs Grind to a Halt, Igniting Economic Fears
Nigeria is grappling with a deepening crisis of Naira scarcity as major banks enforce limitations on cash withdrawals and ATMs face depletion, causing widespread concern among residents. The scarcity is particularly impacting Lagos, Abuja, Kano, Katsina, Jigawa, Adamawa, and other regions...- Nigeria News
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Nigeria CBN Orders Staff to Disclose Family Ties and Political Links Amidst Ongoing Investigative Probe
The Central Bank of Nigeria (CBN) has issued a directive compelling its staff to declare close relatives employed by the bank and disclose connections with Politically Exposed Persons (PEPs). The directive, outlined in a memo signed by Deputy Director Christian Eze, defines close relatives as...- Nigeria News
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Nigeria Old Naira notes still legal tender - CBN
In response to reports of cash shortages in some major cities across Nigeria, the Central Bank of Nigeria (CBN) has taken a resolute stance to ensure that old and redesigned naira notes continue to be recognized as legal tender nationwide. The CBN reaffirms that every banknote it has issued...- Nigeria News
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- cbn channels tv new naira notes old naira notes yemi cardoso
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Nigeria Central Bank of Nigeria Delays Phaseout of Old Naira Notes
The Central Bank of Nigeria (CBN) has extended the validity of old N200, N500, and N1000 naira notes, defying its earlier announcement that these banknotes would cease to be legal tender by December 31, 2023, in compliance with a Supreme Court verdict. This decision comes after former CBN...- Nigeria News
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- cbn new naira notes nigerian economy yemi cardoso
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Nigeria CBN Refutes Rumors of Naira Redenomination, Citing Misleading Narratives and Speculation
The Central Bank of Nigeria (CBN) has issued a statement to dispel rumors of plans to redenominate the country's legal tender. The CBN's Director of Corporate Communications, Isa AbdulMumin, clarified the bank's position amid growing speculation about a potential redenomination policy. The...- Nigeria News
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Nigeria Reps Summon CBN Governor for Clarification on Forex Policy Changes Affecting 43 Items
The House of Representatives is set to invite Central Bank of Nigeria (CBN) Governor Olayemi Cardoso to clarify the recent policy changes that lifted the forex restriction on 43 items. This decision comes in response to a motion of urgent public importance raised by member Sada Soli, who...- Nigeria News
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- Category: Politics
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Nigeria Naira Tumbles to 1,220/Dollar as FG Unveils Forex Automation Plan to Stem Devaluation Crisis
In a decisive move to counter the ongoing slump of the Naira, the Federal Government unveiled plans to automate all transactions within the foreign exchange market. The announcement was made by the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, during the 29th Nigeria...- Nigeria News
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- currency devaluation exchange rate today naira devaluation naira exchange rate premium times yemi cardoso
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Nigeria How Former CBN Governor Emefiele Tried to Meddle with 2023 Elections - Akpabio
On Tuesday, during the screening of Olayemi Cardoso, the nominee for the position of CBN governor, and four deputy governor nominees, Senate President Godswill Akpabio accused former CBN Governor Godwin Emefiele of attempting to sabotage the last general election through the introduction of the...- Nigeria News
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- Category: Politics
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Nigeria Dr. Cardoso's Pledge to Keep CBN Independent – 5 Key Commitments
Dr. Yemi Cardoso, the newly appointed Governor of the Central Bank of Nigeria (CBN), assured the Nigerian public during his Senate screening that the apex bank would not be susceptible to political influence under his leadership. Addressing Senate President Godswill Akpabio's inquiry about...- Nigeria News
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Politics Unexpected Choice: Tinubu Nominates Yemi Cardoso As CBN Governor
https://www.channelstv.com/2023/09/15/breaking-tinubu-nominates-yemi-as-cbn-governor/- Nigeria News
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Nigeria Get to Know the New CBN Governor: 10 Fascinating Facts About Yemi Cardoso
President Bola Tinubu has nominated Dr. Olayemi Cardoso as the new Governor of the Central Bank of Nigeria (CBN). The announcement was made by Ajuri Ngelale, Special Adviser to the President on Media and Publicity. Dr. Olayemi Michael Cardoso is an accomplished Nigerian banker, chartered...- Nigeria News
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- Category: Politics
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Nigeria Surprise Nominee: Tinubu Picks Yemi Cardoso for CBN's Top Job
President Bola Tinubu has nominated Olayemi Cardoso as the new Governor of the Central Bank of Nigeria (CBN), according to a statement from his spokesperson, Ajuri Ngelale. Cardoso's nomination is pending confirmation by the Nigerian Senate and is in line with Section 8(1) of the Central Bank of...- Nigeria News
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