Browsing Tag
Olayemi Cardoso
13 posts
Okonjo-Iweala Urges Nigeria and Africa to Process Minerals Locally Before Export
WTO DG Ngozi Okonjo-Iweala and CBN Governor Olayemi Cardoso advocate for local mineral processing, internal trade integration, and economic reform to secure Africa’s place in the global green energy market.
Cardoso and Okonjo-Iweala to Headline 7th Africa Emerging Markets Forum in Abuja
Central Bank Governor Olayemi Cardoso and WTO leader Ngozi Okonjo-Iweala will headline the 7th Africa Emerging Markets Forum in Abuja to address economic resilience.
Central Bank of Nigeria falls behind on mandatory annual financial report disclosures
The Central Bank of Nigeria has not published audited financial statements since 2022, effectively ignoring statutory requirements under the CBN Act.
Nigeria Foreign Exchange Reserves Reach $52.73 Billion, Says CBN Governor
Central Bank Governor Olayemi Cardoso announced that Nigeria's external reserves have grown to $52.73 billion, while also reporting success in the recent banking recapitalization exercise.
CBN Governor Olayemi Cardoso Affirms Economic Stability Amid Global Headwinds
CBN Governor Olayemi Cardoso defends Nigeria's economic resilience during a Senate hearing, while Finance Minister Taiwo Oyedele addresses controversy surrounding national debt figures.
CBN Governor Links Low Circulation of N100 and N200 Notes to Digital Shift
Governor Olayemi Cardoso asserts that N100 and N200 notes are still legal tender, attributing their reduced visibility to the expansion of digital payments and the effects of inflation on purchasing power.
Central Bank of Nigeria keeps interest rate at 26.5% amid geopolitical concerns
The CBN has held its benchmark interest rate at 26.5% citing global risks linked to Middle East tensions, while reporting that external reserves have grown to $52.5 billion.
Central Bank confirms lower denomination naira notes remain valid currency
Governor Olayemi Cardoso reaffirms that small denomination naira notes remain valid currency, citing supply and demand as the primary reason for their current scarcity.
Central Bank of Nigeria keeps interest rate at 26.50 percent
For the second straight meeting, the Central Bank of Nigeria has held the Monetary Policy Rate at 26.50 percent to help stabilize the economy and manage inflation.
Nigeria’s external reserves reach $52 billion as net reserves surpass $40 billion
Central Bank Governor Olayemi Cardoso reports that Nigeria's external reserves have hit $52 billion, with net reserves exceeding $40 billion, driven by successful policy reforms.