Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has announced the appointment of Mr Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), as Chairman of its Board of Directors. According to a statement by Yewande Thorpe, from AFC’s Communications Department, Cardoso succeeds the immediate past chair, …
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Celebrating Nigeria’s latest inflation figures as proof that price stability has finally arrived is dangerously seductive. It has not. No doubt, the Central Bank of Nigeria under Olayemi Cardoso can point to reforms, stronger external reserves, a more orderly foreign-exchange market, banking-sector recapitalisation, improved remittance flows, and moderating headline inflation, …
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THE Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has announced that volatility in the foreign exchange (FX) market has declined significantly, falling below 0.5%, as Nigeria’s monetary and fiscal reforms begin to stabilise the macroeconomic environment. Speaking during a press briefing in Abuja on Tuesday following …
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THE Kogi State Governorship Election Petitions Tribunal sitting in Abuja has ordered the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to unfailingly appear before it on Tuesday, April 23, 2024. He is to to give explanations on the role of the apex bank in the November 11, 2023 …
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THE governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has urged Nigerians to be patient with the apex bank as it is doing everything possible to ensure that the Naira is strengthened. Cardoso stated this at the 2024 public lecture entitled: ‘Recent Developments in a Nigerian Foreign Exchange Market: Issues, …
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THE Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said his job is the second most difficult in the world. Cardoso made the assertion on Sunday in Abuja at the opening of the 2024 First Plenary Assembly of the Catholic Bishops Conference of Nigeria (CBCN). The apex bank boss …
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GOVERNOR of the Central Bank of Nigeria, CBN, Olayemi Cardoso, says for the first time in a long while, the country’s volume of transactions in the foreign exchange market rose to $800 million. He disclosed this on Tuesday while addressing members of the House of Representatives at the sectoral debate …
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THE Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has refuted claims that the federal government is still owing foreign exchange amounting to $2.4 billion. In an interview with Arise Television, Cardoso said the bank had settled verified forex requests, which amounted to $2.3 billion out of the …
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THE Senate, under the leadership of Godswill Akpabio, has confirmed the nomination of Dr. Olayemi Cardoso as the Governor of the Central Bank of Nigeria (CBN). Cardoso was screened alongside four nominees for the positions of CBN Deputy Governors to steer the affairs of the apex bank for the next five …
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LAST week, the acting govenor of the Central Bank of Nigeria Dr. Olayemi Cardoso resumed duties, alongside the four deputy governors. His major tasks, according to economic analysts, should be on how to stabilise the currency, root out corruption, defend the integrity of Nigeria’s financial system, and develop a fiscal strategy …
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