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Olayemi Cardoso

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July 8, 2026

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July 8, 2026

Business

Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.

May 4, 2026

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CBN, NCC Sign MoU To Tackle SIM-Related Fraud in Nigeria

The Central Bank of Nigeria and the NCC have signed a memorandum of understanding to tackle SIM-related fraud and launch a shared phone-number risk portal.

April 21, 2026

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CBN closes bank recapitalization with N4.65trn fresh capital

The Central Bank of Nigeria has concluded the Nigeria bank recapitalization programme, with 33 deposit money banks raising a combined N4.65 trillion in fresh capital over 24 months.

April 2, 2026

Business

CBN Cuts Interest Rate to 26.5% as Inflation Eases

KEY POINTS The CBN reduced its benchmark interest rate from 27% to 26.5%, signaling...

February 25, 2026

News

CBN Holds Benchmark Interest Rate at 27 Percent

The Central Bank of Nigeria has held its benchmark rate at 27 percent, keeping pressure on inflation while signaling caution on economic risks.

November 25, 2025

Business

Foreign Investors Back Nigeria’s Reform-Driven Economic Outlook

Investors at a Washington forum back Nigeria’s economic reforms, citing stronger FX markets, record reserves, and sustainable growth targets.

October 16, 2025

News

Naira Holds Steady as Dollar Trades Around ₦1,472 Amid Market Jitters

The dollar to naira exchange rate today steadies at ₦1,472, supported by improved liquidity and cautious CBN intervention.

October 10, 2025

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Naira Strengthens to 1,518 Per Dollar on Parallel Market

Naira rises in parallel market to ₦1,518 as central bank oversight and dollar flows ease speculative pressure.

September 24, 2025

News

Cardoso Calls for Skilled Graduates to Strengthen Finance Sector

CBN Governor Olayemi Cardoso stresses the need for more skilled finance graduates to drive Nigeria’s economic growth, calling for enhanced collaboration with academic institutions.

October 21, 2024