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YEMI CARDOSO
The Central Bank of Nigeria (CBN) has confirmed the voluntary resignation of 1,000 staff members as part of a restructuring process driven by its ongoing adoption of digital technologies.
The Central Bank of Nigeria (CBN) has once again raised its interest rate, increasing it by 25 basis points from 27.25% to 27.50%, in a bid to address the rising inflation in the country.
The Central Bank of Nigeria's (CBN) October 2024 Inflation Expectations Survey (IES) has revealed a strong desire among Nigerians for lower interest rates, with 76% of respondents advocating for a rate reduction.
The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso has stated that the current reforms being implemented by the federal government is attracting serious and growing interest from foreign investors.
The Central Bank of Nigeria (CBN) has announced that the apex bank is engaging at the highest level to facilitate Nigeria’s removal from the Financial Action Task Force’s (FATF) “grey list,” an anti-money laundering watchlist by May 2025.
The Governor of the Central Bank of Nigeria, Yemi Cardoso, has announced a reduction in market volatility, attributing it to the foreign exchange reforms undertaken by the apex bank.
The Nigerian Inter-Bank Settlement System (NIBSS) will by December of this year launch a non-resident BVN platform to enable Nigerians in diaspora operate their local bank accounts, run their businesses and sort out KYC issues with financial institutions from anywhere in the world.
The Governor of the Central Bank, Yemi Cardoso, stated that the sharp drop in the value of the naira presents an opportunity for the country to boost its exports to other nations.
The World Bank has lauded the reforms led by the Central Bank Governor, Yemi Cardoso, noting that his monetary policies are steering the country in the right direction.
Not less than 71.4% of Nigerians are calling for a reduction in interest rates amid growing concerns about inflation and economic hardship.
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has acknowledged that the rise in the interest rate to 27.25% is “painful” for borrowers but stressed that the decision is necessary to reduce excess money in circulation and control inflation effectively.
The Central Bank of Nigeria (CBN) has said that its recent decision to licence more International Money Transfer Operators (IMTOs) has positively impacted remittance inflow into the country leading to a record of $585 million remittance in August 2024.