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.

Analysts Support MPC's Decision to Cut Rates by 50 Basis Points   Analysts have backed the decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to cut the rate by 50 basis points. The stakeholders affirmed that the rate cut to 26.5...

Nigeria’s gross external reserves have climbed to $50.45 billion, making the highest level in 13 years, the Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has said.

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has explained the rationale behind the $706.84 million foreign capital inflow into Nigeria.