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Olayemi Cardoso

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US visa ban imposed on Nigerian Supreme Court justices, retiring jurist says

Retiring Justice Uwani Abba-Aji says the U.S. barred all members of a Nigerian Supreme Court panel from travel after a judgment she called widely misinterpreted.
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Nigeria earmarks 2.1 billion naira to revive OAUTHC renal program

Nigeria's federal government has appropriated 2.1 billion naira to revive kidney care at Obafemi Awolowo University Teaching Hospitals Complex, its chief medical director says.
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.
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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.
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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.
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...
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.
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.
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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.
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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.
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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.

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News

US visa ban imposed on Nigerian Supreme Court justices, retiring jurist says

Retiring Justice Uwani Abba-Aji says the U.S. barred all members of a Nigerian Supreme Court panel from travel after a judgment she called widely misinterpreted.
News

Nigeria earmarks 2.1 billion naira to revive OAUTHC renal program

Nigeria's federal government has appropriated 2.1 billion naira to revive kidney care at Obafemi Awolowo University Teaching Hospitals Complex, its chief medical director says.
News

Nigeria’s fiscal deficit hits 4.69 trillion naira in Q1 as revenue falls short

Nigeria's government ran a 4.69 trillion naira fiscal deficit in the first quarter as revenue fell far short of target and foreign loans stalled.
News

Nigeria’s state police bill heads to Tinubu after 28 states approve

Nigeria's National Assembly will send the state police bill to President Bola Tinubu for assent after verifying approval from 28 of 36 state legislatures.