Cardoso’s Shock Therapy: Why Nigeria Needs These Reforms, by Rahma Olamide Oladosu   By any measure, Nigeria’s financial system has been walking a tightrope for years. A mix of weak oversight, economic volatility, and historical lapses in governance has created an environment ripe for instability. But under...

Edun, Cardoso Team Up to Boost Fiscal-Monetary Policy Synergy   The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and the Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso yesterday, convened a high-level meeting in Abuja, to advance ongoing...

CBN: Digital Revolution as Catalyst for Financial Inclusion, by Rahma Olamide Oladosu   In the rapidly evolving landscape of global finance, digital transformation has emerged as a driving force that reshapes financial institutions worldwide. At the forefront of this revolution in Nigeria is Governor Olayemi Cardoso,...

CBN Uncover N2.3m Unauthorised Naira Transactions    The Central Bank of Nigeria (CBN) has raised concerns over the increasing trend of illicit transactions involving banknotes, warning that the practice threatens the stability of the financial system. CBN Governor, Olayemi Cardoso, disclosed this on Thursday at the Bank’s...

CBN Urges Telcos to Manufacture SIM Cards Locally to Conserve Forex   The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has urged telecommunications companies to manufacture essential components locally, in a bid to reduce the industry's reliance on foreign exchange and promote economic growth. This...

N100 ATM Withdrawal Fee Stays for Transactions Below N20,000 - CBN   The Central Bank of Nigeria (CBN) has confirmed that the N100 fee for ATM withdrawals from other banks will remain in place for transactions below N20,000. This is according to a FAQ document published by the apex...