IWD; CBN Governor Champions Gender Equity, Records Senior Female Appointments

IWD; CBN Governor Champions Gender Equity, Records Senior Female Appointments

Oluwakemi Kindness The Central Bank of Nigeria (CBN) says women now constitute 35% of its directors and half of its Non-Executive Board, underscoring the institution’s deepened commitment to inclusive and representative leadership. This is according to the Governor of the CBN, Olayemi Cardoso, who reaffirmed the Bank’s mission to achieve gender-balanced leadership while speaking at the grand finale of the International Women’s Day (IWD) celebrations at the CBN Head Office […]

March 28, 2025 4

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Economy

CBN strengthens Regulatory Oversight to Safeguard Nigeria’s Financial System

By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has reaffirmed its commitment to strengthening regulatory oversight to protect the country’s financial ecosystem and align it with global best practices. Shola Phillips, Special Adviser to the CBN Governor on Compliance, emphasized the need for strict adherence to international banking standards to sustain confidence in Nigeria’s financial sector. He made this known at a high-level Mandatory Compliance and Anti-Money Laundering (AML) […]

March 2, 2025 5 1 4

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Economy

CBN Assures Depositors Of Keystone Bank’s Stability

Oluwakemi Kindness The Central Bank of Nigeria on Friday assured the public that Keystone Bank Limited remains stable and fully operational despite a court order forfeiting the bank’s shares to the Federal Government. In a statement issued on Friday, the CBN’s acting Director of Corporate Communications, Hakama Sidi Ali, acknowledged concerns over the development but maintained that there was no cause for alarm. She stated that the stability of the […]

February 14, 2025 15 4 5

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Business

CBN Approves CFA For Export Proceed Repatriation says NEPC

Oluwakemi Kindness The Nigeria Export Promotion Council, NEPC on Friday announced the CBN's approval of CFA to be captured on the NXP forms for the repatriation of export proceeds. This is as the Council puts non-oil performance in 2024 at $5.456 billion, despite economic realities and the global economic downturn. Executive Director, NEPC, Nonye Ayeni, who stated this, said the Council will be working with the CBN and the banks […]

January 31, 2025 15 6 3

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Economy

CBN Launches DocFlow, MDA Naira Payment Solutions

….aims to improve turnaround time, reduce costs By Oluwakemi Kindness Central Bank of Nigeria (CBN), has launch two transformative initiatives, the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment Solution. The launched by the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, at the CBN Head Office Abuja, is a continuation of the Bank’s digital revolution project tagged “Digital First” which was […]

January 16, 2025 19 5 2

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Economy

CBN Insists Resignation Of 1,000 Staff Was Voluntary

By Oluwakemi Kindness The Central Bank of Nigeria (CBN), has refuted reports of it Termination and Dismissal of 1,000 members of it Staff. Rather it said staff took opportunity of the Bank's Early Exit Programme with payment of full benefits. This is according to the Governor of the apex bank, Olayemi Cardoso, who noted that the 1,000 members of staff who were disengaged were not forced to quit. He stated […]

January 4, 2025 24 3 3

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Economy

CBN Reiterates Validity of Old Series of Naira Denominations

By Oluwakemi Kindness The Central Bank of Nigeria (CBN) on Friday refuted misinformation regarding the validity of the old ₦1000, ₦500, and ₦200 banknotes currently in circulation. The apex Bank said in line with the it’s previous clarifications, it is reiterating that the subsisting Supreme Court ruling granted on November 29, 2023, permits the concurrent circulation of all versions of the ₦1000, ₦500, and ₦200 denominations of the Naira indefinitely. […]

December 13, 2024 12 2

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Economy

CBN Governor Says Recapitalisation Policy Has Strengthened Banks

By Oluwakemi Kindness The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says the Bank's recapitalization policy, is expected to support the realisation of 1 trillion dollars economy by 2030. This was as he said the Bank's recapitalization policy has prompted banks to strengthen their financial positions, a process expected to result in a more robust and resilient banking sector by March 2026. Cardoso who stated this during […]

October 17, 2024 19 8

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Economy

CBN Governor Champions We-Fi Code Declaration for Women Entrepreneurs

By Oluwakemi Kindness The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has urged stakeholders in the financial ecosystem to adopt the Women entrepreneurs Finance (We-Fi) Code as part of a collective drive to enhance the financial inclusion of women entrepreneurs across Nigeria. Cardoso stated this at the landmark event of Nigeria’s public declaration of commitment to the We-Fi Code, held at the CBN Head Office on Wednesday. […]

October 10, 2024 22 1

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