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...

The onus then fell on the Central Bank of Nigeria (CBN) headed by Olayemi Cardoso to do everything possible within the ambit of the law for the naira to survive the disastrous decline in value. 

The promise sounded by the CBN Governor Yemi Cardoso, acknowledges the crucial role young people play in shaping economic policies.