Olayemi Cardoso
Cardoso unveils top banks to power $1bn diaspora reserves goal
The Central Bank of Nigeria (CBN) has intensified efforts to boost foreign reserves through diaspora inflows, as Governor Olayemi Cardoso revealed a list of Nigerian banks selected to drive a $1 billion diaspora reserves target by 2026. Speaking at the 18th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria (CIBN) […]
Relief ahead: CBN hints at lower lending rates as inflation cools
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has raised hopes for businesses and investors as he revealed that lending rates could fall in the coming months if the country’s inflationary pressures continue to ease. Cardoso made this assurance during a fireside chat at the European Business Chamber (Eurocham Nigeria) C-Level […]
CBN pushes fair banking with Customers’ Bill of Rights
The Central Bank of Nigeria (CBN) has intensified its consumer protection drive with the introduction of a Customers’ Bill of Rights, a framework designed to safeguard the interests of bank users and strengthen financial inclusion across the country. The initiative, which was formally presented during the CBN Fair in Lagos, comes at a time when […]
Edun, Cardoso to boost fiscal and monetary policy synergy
In a significant move aimed at consolidating Nigeria’s macroeconomic stability, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and the Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, have committed to deepening coordination between fiscal and monetary authorities. The announcement came after a strategic high-level meeting at […]
MPC Holds Rate, Sparks Debate Over Inflation Risks
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has once again retained the Monetary Policy Rate (MPR) at 27.5%, marking the third consecutive hold in 2025. The decision, announced by CBN Governor Olayemi Cardoso after the MPC’s 301st meeting in Abuja, has sparked mixed reactions among financial experts and business stakeholders. […]
CBN Holds Interest Rate at 27.5% to Curb Inflation
The Central Bank of Nigeria (CBN) has once again retained the Monetary Policy Rate (MPR) at 27.5%, marking the third consecutive time the rate has been maintained in 2025. The decision was announced by the CBN Governor, Olayemi Cardoso, following the conclusion of the 301st Monetary Policy Committee (MPC) meeting held on Tuesday in Abuja. […]
CBN Reforms and Economic Policies Boost Investment Appeal
Nigeria’s investment profile is witnessing a significant revival as international investors and global institutions laud recent monetary and structural reforms championed by the Central Bank of Nigeria (CBN) and federal authorities. Michael McGaughy, founder of the Research Alpha Fund and a seasoned Asia-Pacific investor, credited Nigeria’s transformation to a mix of bold economic reforms—including currency […]
IMF Endorses Economic Reforms, Urges Comprehensive Budget Overhaul
The International Monetary Fund (IMF) has commended Nigeria’s recent wave of bold economic reforms—particularly those spearheaded by the Central Bank of Nigeria (CBN)—but has warned that a comprehensive overhaul of the 2025 budget is necessary to guard against growing fiscal vulnerabilities amid falling oil prices and persistent revenue challenges. In its just-released Article IV Consultation […]
Economic Reforms Strategize to Bridge Forex Gap as Oil Revenues Decline
Amid dwindling oil revenues and persistent external reserve pressures, Nigeria’s Central Bank (CBN) has rolled out a series of economic reforms aimed at stabilising the foreign exchange (FX) market and reducing reliance on imported goods. These policy measures, spearheaded by CBN Governor Olayemi Cardoso, are beginning to yield results, with foreign reserves showing signs of […]
Orthodox Monetary Approach by CBN Alters Nigeria’s Liquidity Flow
The Central Bank of Nigeria (CBN) has begun reaping the early fruits of its return to orthodox monetary policy, with improved reserve buffers and a modest return to profitability in 2024. However, beneath the surface of this institutional shift lies a sobering picture: soaring liquidity management costs, derivative settlement losses, and mounting operational expenses continue […]