Cardoso Tasks Central Banks, DFIs on Driving Africa’s Growth
By Oluwakemi Kindness Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called for stronger collaboration among African central banks and development finance institutions to accelerate the continent’s economic growth, industrialisation, and climate resilience. Cardoso delivered the charge at the Egypt 30by30 Programme hosted by the Central Bank of Egypt in partnership with […]
CBN Hails AU Approval of Nigeria’s AMI Board Membership
By Oluwakemi Kindness Governor of the Central Bank of Nigeria, Olayemi Cardoso, has welcomed the African Union’s decision granting Nigeria permanent membership of the Board of the African Monetary Institute (AMI), describing it as a milestone for Africa’s financial integration. The approval was reached at the 39th Ordinary Session of the Assembly of the African […]
CBN Okays Weekly FX Sale of $150k to Each BDC
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market (NFEM). This is part of efforts to improve foreign exchange liquidity in the retail segment of the market and meet the legitimate needs of end users. A statement on […]
CBN Sets New Priorities to Strengthen Nigeria’s Fintech Ecosystem
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has outlined new policy priorities focused on regulatory coordination, stronger supervisory capacity and responsible, scalable innovation to sustain growth and protect the integrity of the country’s fintech ecosystem. In a new assessment report released on Monday, the apex bank said Nigeria’s fintech landscape has grown rapidly, […]
CBN Reaffirms Commitment to Stability as UK’s BII Signals Investment Interest
By Oluwakemi Kindness The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the bank’s commitment to macroeconomic stability, credible monetary policy, and a transparent, data-driven regulatory framework aimed at strengthening the resilience of Nigeria’s banking system. Governor of the Bank, Olayemi Cardoso Cardoso spoke on Wednesday, while hosting a delegation from […]
Nigeria Posts $4.6bn Balance of Payments Surplus in Q3 2025 – CBN
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) says Nigeria recorded an overall Balance of Payments (BOP) surplus of $4.60 billion in the third quarter of 2025, a turnaround from the deficit recorded in the previous quarter. According to the CBN in a satement on Tuesday night, the improvement was driven by a current […]
CBN Welcomes Nigeria’s Removal from FATF Grey List
By Oluwakemi KindnessCBN Governor Olayemi Cardoso. The Central Bank of Nigeria (CBN) has commended the Financial Action Task Force (FATF) for its decision to remove Nigeria from the list of jurisdictions under increased monitoring, commonly known as the grey list. The FATF’s announcement follows a successful on-site evaluation of Nigeria’s reform measures and acknowledges the […]
Federal Government says Trade Surplus Rises to 6% of GDP
By Oluwakemi kindness Nigeria’s economic narrative is gaining momentum, with the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, revealing that the nation’s trade surplus has grown to 6% of Gross Domestic Product (GDP). He made this known during the G24 meetings held on the sidelines of the IMF/World Bank Annual Meetings in Washington D.C., […]
Nigeria’s CBN Governor Calls for Resilient Institutions Amid Global Uncertainty
By Oluwakemi Kindness Institutions within the African continent has been tasked to embrace resilience as a core strategy to withstand global economic shocks and drive sustainable development. This is according to the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, who said Africa must build institutions capable of navigating economic fragmentation, trade protectionism, […]