Nigeria's External Reserves Hit $50bn, Highest in Over a Decade - CBN The Central Bank of Nigeria (CBN) has announced that the country’s gross external reserves have surpassed the $50bn mark, reaching their highest level in over 13 years. Governor Olayemi Cardoso disclosed this milestone on...

30 Banks Hit Recapitalisation Target - CBN   The Central Bank of Nigeria (CBN) has officially confirmed that 30 banks have successfully met the new minimum capital requirements under the ongoing banking sector recapitalisation programme. The announcement was made on Thursday by CBN Governor Olayemi Cardoso during...

In a world of fragile emerging markets and volatile capital flows, credibility is currency. And under Governor Olayemi Cardoso, the Central Bank of Nigeria (CBN) has rebuilt Nigeria’s most important economic asset, trust.

30 Banks Hit Recapitalisation Target Ahead of March Deadline   Thirty banks have met the new minimum capital requirements introduced under the Central Bank of Nigeria’s banking sector recapitalisation programme, the apex bank disclosed on Friday. The CBN said the recapitalisation exercise, launched in 2024 to strengthen...

When Professor Olayemi Cardoso assumed office as Governor of the Central Bank of Nigeria (CBN) in 2023, the Monetary Policy Committee (MPC) was stepping into one of the most turbulent periods.

Nigeria’s net foreign exchange reserves have surged by an extraordinary 772 per cent in just two years, rising from $3.99 billion at the end of 2023 to $34.80 billion by December 2025, Governor of the Central Bank of Nigeria, Olayemi Cardoso, has disclosed.