Browsing Tag
Olayemi Cardoso
16 posts
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.
Central Bank of Nigeria Withdraws Licences of 46 Microfinance Banks
The Central Bank of Nigeria has officially revoked the operational licences of 46 microfinance banks due to their failure to meet mandatory regulatory and financial requirements.
Central Bank Governor Cardoso Starts Naira Ambassadors Initiative
CBN Governor Olayemi Cardoso has introduced the Naira Ambassadors Club to encourage young students to handle the national currency with care and responsibility.
CBN Governor Cardoso Establishes Naira Ambassadors Club to Encourage Currency Preservation
Central Bank Governor Olayemi Cardoso has introduced the Naira Ambassadors Club for FCT students to encourage the proper care of Nigeria's currency and reduce replacement costs.