Cardoso – InfoStride News

Financial Action Task Force Grey List Exit Restores $30bn In Lost Investment Potential – Cardoso

Temitope Nlewemchi — Thu, 19 Mar 2026 07:04:36 +0000

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said Nigeria’s removal from the Financial Action Task Force (FATF) grey list has restored an estimated $30 billion in previously lost investment potential, reaffirming the country’s credibility in global financial markets. Cardoso stated this while addressing journalists following the announcement of Nigeria’s exit [...]

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Nigeria records $20.98bn foreign capital inflow in 10 months – Cardoso

Temitope Nlewemchi — Thu, 19 Mar 2026 07:00:04 +0000

Nigeria has attracted a total of $20.98 billion in foreign capital inflows over the first ten months of 2025, reflecting a growing investor confidence in the country’s economic prospects and financial markets, according to financial strategist Cardoso. The figure underscores the resilience of the Nigerian economy, the effectiveness of policy reforms, and the increasing appeal [...]

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Women Constitute 3% of Bank Directors says Cardoso

Temitope Nlewemchi — Wed, 23 Jul 2025 22:20:58 +0000

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has revealed that women now occupy 35% of board positions in Nigerian banks, marking significant progress in gender inclusion within the financial sector. This development reflects ongoing efforts to promote diversity in leadership and ensure that women have a stronger voice in key decision-making [...]

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Current Reforms Set the Stage for New Economic Growth, Says Cardoso

Temitope Nlewemchi — Wed, 30 Oct 2024 15:46:26 +0000

In a recent statement, economist and policy analyst Dr. Mohammed Cardoso highlighted the transformative potential of ongoing economic reforms in Nigeria. He emphasized that these reforms are strategically designed to lay the groundwork for sustainable growth and development across various sectors of the economy. As the country navigates through challenging economic times, Cardoso’s insights provide [...]

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“Why I support higher interest rates in Nigeria” – Cardoso

Temitope Nlewemchi — Sun, 23 Jun 2024 20:02:06 +0000

Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has emphasized the necessity of maintaining higher interest rates to address the persistent inflation issues plaguing the Nigerian economy. The governor made this comment in his statement in the recently released ‘Personal Statement’ of the Monetary Policy Committee (MPC) members at the MPC meeting held [...]

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Soaring Inflation Forces Nigerian Central Bank to Raise Rates

Temitope Nlewemchi — Sat, 25 May 2024 23:49:00 +0000

The Central Bank of Nigeria (CBN) has announced a 150 basis points increase in the interest rate, raising the Monetary Policy Rate (MPR) from 24.75 percent to 26.25 percent. This decision, reached during the bank’s Monetary Policy Committee (MPC) meeting held on the 20th and 21st of May 2024, marks the third consecutive hike aimed [...]

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Central Bank Blames Seasonal Fluctuations for Currency Instability

Temitope Nlewemchi — Sat, 25 May 2024 23:45:57 +0000

The Central Bank of Nigeria (CBN) has identified “seasonal demands” as a key factor contributing to the recent instability observed in the foreign exchange market, according to CBN Governor, Olayemi Cardoso, speaking at the 295th Monetary Policy Committee (MPC) meeting held in Abuja. This statement came as the MPC raised the interest rate from 24.75 [...]

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Nigerian Fintechs to Resume New Accounts Soon – CBN

Temitope Nlewemchi — Sat, 25 May 2024 23:42:58 +0000

The Central Bank of Nigeria (CBN) has announced that mobile money operators, including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint, will recommence the enrolment of new customers “in another couple of months.” CBN Governor, Olayemi Cardoso, made this statement on Tuesday during the 295th Monetary Policy Committee (MPC) meeting in Abuja, where the [...]

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External Reserves: Cardoso says CBN not defending Naira

Temitope Nlewemchi — Sat, 20 Apr 2024 05:44:56 +0000

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has addressed concerns over the declining external reserves, maintaining that the decline is not because the apex bank is defending naira. Cardoso, further clarified that the decreasing foreign exchange (FX) reserves were primarily due to debt repayments and other standard financial obligations, rather than efforts [...]

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Senate Confirms Olayemi Cardoso as Chairman of CBN’s Monetary Policy Committee

Ifeanyi Nwagboso — Thu, 22 Feb 2024 15:30:20 +0000

The Senate has confirmed the nomination of Mr Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), as the chairman of the Monetary Policy Committee (MPC) ahead of its meeting on Monday. Other members of the committee confirmed include CBN Deputy Governors Muhammad Sani Abdullahi, Bala M Bello, Emem Usoro, and Phillip Ikeazor. [...]

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