All posts tagged "Governor Olayemi Cardoso"
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NEWS December 2, 2024CBN to Retire 1,000 Employees, Unveils ₦50bn Exit Package
The Central Bank of Nigeria (CBN) is set to retire around 1,000 employees by December 31, 2024, as part of a strategic workforce realignment. Reports indicate...
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NEWS November 12, 2024CBN’s New Capital Requirement to Drive Financial Inclusion and Economic Growth — Cardoso
The Central Bank of Nigeria’s (CBN) new capital requirements for banks will empower financial institutions to boost financial inclusion and foster economic growth, announced Governor Olayemi...
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NEWS September 25, 2024Naira Dips Further to N1,670/$ as CBN and Banks Sell $9.9 Billion in Forex
Foreign exchange turnover in Nigeria’s Autonomous Foreign Exchange Market soared to N15.74 trillion ($9.9 billion) in August 2024, according to a recent report from FMDQ. This...
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NEWS September 24, 2024CBN’s Rate Hikes: Renewed Confidence in the Naira for Nigerians
The Central Bank of Nigeria (CBN) recently announced that its series of interest rate hikes last year have significantly boosted Nigerians’ confidence in the national currency,...
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NEWS September 23, 2024Naira Plummets 51.5% Against the Dollar: A Year of Economic Struggles Under CBN Governor Cardoso
In the past year, under the stewardship of Central Bank of Nigeria (CBN) Governor Olayemi Cardoso, the Naira has faced a staggering depreciation of 51.5% against...
