The Central Bank of Nigeria has raised its Monetary Policy Rate by 25 basis points, bringing it to 27.50% from 27.25%. This decision was disclosed by CBN Governor, Yemi Cardoso after the Monetary Policy Committee meeting in Abuja on Tuesday.…
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, 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 Matthew Denis The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso has disclosed that there’s an increment in forex inflow into the country from $200million to approximately $600 millions as at the month of September. The…
By Opeyemi Abdulsalam The Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has expressed concern over the growing transaction volumes of Non-Bank Financial Institutions (NBFIs) and Other Financial Institutions (OFIs). He warned that this trend poses a significant risk to…
The Central Bank of Nigeria says it is committed to harnessing the power of digital technologies to enhance financial inclusion. CBN Governor, Mr Yemi Cardoso said this on Tuesday in Abuja, during a strategic institutions tour by participants of Senior…
The Central Bank of Nigeria (CBN) on Tuesday disclosed that it has cleared an additional $400 million forex backlog. The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso made this known while speaking at the apex Bank inaugural…
By Sodiq Adelakun The Central Bank of Nigeria (CBN) is set to hold its first Monetary Policy Committee (MPC) meeting under the leadership of Yemi Cardoso as Governor on Monday and Tuesday. Economic experts are predicting that the benchmark interest…
In a significant push towards expanding financial inclusion in Nigeria, Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has urged for a decisive pledge to reach a 95 percent financial inclusion target. This call to action was…
By Sodiq Adelakun In a significant move to bolster the ease of doing business in Nigeria, the Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, has officially approved a revised “Service Charter” for the nation’s apex bank. This strategic…
