Tag: Olayemi Cardoso
ATM Cash Hoarding: CBN Fines Nine Banks ₦1.35bn
The Central Bank of Nigeria (CBN) has imposed fines totaling ₦1.35 billion on nine Deposit Money Banks (DMBs) for failing to ensure adequate availability...
CBN Denies Forcing 1,000 Disengaged Staff To Leave
The Central Bank of Nigeria has again clarified that the 1,000 staff members who were disengaged in December 2024 were not forced to quit...
CBN Reveals How Diaspora Remittances Rose By 61%
The Central Bank of Nigeria has revealed that diaspora remittances processed through International Money Transfer Operators reached $4.22bn between January and October 2024.
This figure...
CBN Boss To Nigerians: You No Longer Have Reasons To Japa
Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has advised Nigerians to reconsider emigrating abroad, popularly referred to as 'Japa.'
Speaking during his...
All Tools To Battle Inflation Will Be Deployed By CBN –...
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has affirmed that the Federal Government is prepared to deploy all tools to rein in inflation.
The...
CBN’s Data Says Nigeria’s FX Reserves Have Hit $34.14bn
Nigeria’s reserves have continued an upward trajectory, hitting $34.14bn on Friday, having appreciated by 4.06 per cent from $32.74bn on June 3, 2024, data...
Bank Recapitalization: CBN Insists On Enforcement Of Stringent Criteria
The Central Bank of Nigeria (CBN) has informed it will enforce stringent criteria for its ongoing bank recapitalization programme.
It said the strict criteria will...
Public Hearing On CBN, NDIC Bills Postponed By Senate
The Senate Committee on Banking, Insurance and other Financial Institutions on Tuesday postponed its public hearing on the Central Bank of Nigeria (CBN) Act...
Excitement As Nigeria’s Naira Sustains Rally Across Markets
The Nigerian naira has strengthened further across the foreign exchange (forex) markets amid expectations that the national currency will continue to gain weight in...
Nigerian Banks Capable Of Meeting CBN’s Target – ACAMB
The Association of Corporate & Marketing Communication Professionals of Banks (ACAMB) has assured the banking public that banks in the country have the wherewithal...
