CBN Governor Attributes Lower Naira Note Scarcity to Declining Demand
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has attributed the persistent scarcity of lower denomination naira notes to declining ...
Tag: Olayemi Cardoso
CBN Keeps Interest Rate at 26.5% as Nigeria Battles Inflation Pressure
The Central Bank of Nigeria (CBN) has decided to keep the country’s benchmark interest rate unchanged at 26.5 per cent, ...
CBN Urges Banks to Use N4.65 Trillion Capital to Drive Economic Growth
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has urged commercial banks to ensure that the more ...
Nigeria Targets Global Fintech Leadership with New Payment Vision 2028
The Central Bank of Nigeria (CBN) has unveiled an ambitious plan to transform Nigeria from a major user of financial ...
CBN Revokes Licences of 46 Microfinance Banks Over Regulatory Breaches
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks nationwide, effective July 1, 2026, ...
Cash Outside Banks Climbs to N5.19 Trillion as Nigerians Continue to Rely on Cash
Nigeria’s cash-based economy remains strong despite ongoing efforts by the Central Bank of Nigeria (CBN) to encourage digital payments and ...
Nigeria’s Foreign Reserves Hit 17-Year High, Surpass $50 Billion
Nigeria’s foreign reserves have reached their highest level in 17 years, signaling stronger confidence in the economy and reflecting the ...
CBN Launches New Overnight Rate to Boost Transparency and Attract Global Investors
The Central Bank of Nigeria (CBN) has introduced the Nigeria Overnight Financing Rate (NOFR), a new benchmark interest rate designed ...
Cardoso Wins Global Award for Forex Market and FATF Reform Leadership
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has received international recognition for spearheading sweeping reforms in Nigeria’s ...
CBN Launches PSV 2028 to Expand Nigeria Digital Payments
The Central Bank of Nigeria has launched the Nigeria Payments System Vision 2028 (PSV 2028), an ambitious policy framework designed ...
