Yemi cardoso – InfoStride News

CBN Warns Nigerians Against Naira Abuse

Temitope Nlewemchi — Tue, 26 May 2026 10:10:20 +0000

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has issued a stern warning to Nigerians over the abuse of the naira, cautioning that practices such as spraying notes at parties, hawking mint notes at events, and mutilating the national currency will no longer be tolerated. The apex bank, he said, will strengthen [...]

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Olayemi Cardoso Wins African Banker Award for Outstanding Central Bank Leadership

Temitope Nlewemchi — Wed, 25 Feb 2026 04:20:58 +0000

Governor of the Central Bank of Nigeria, Olayemi Michael Cardoso, has been named Central Bank Governor of the Year at the 2025 African Banker Awards, held in Abidjan, Côte d’Ivoire. The award recognizes Cardoso’s outstanding leadership and reform-driven approach in steering Nigeria’s monetary policy and financial sector stability during a critical period. Cardoso, who [...]

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Edun, Cardoso Vow Closer Synergy to Boost Fiscal-Monetary Policy Coordination

Temitope Nlewemchi — Thu, 25 Dec 2025 10:23:24 +0000

Nigeria’s 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, have reaffirmed their commitment to deepen collaboration between fiscal and monetary authorities in order to stabilise the economy, strengthen investor confidence, and accelerate growth. The pledge was made following [...]

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FG capital spending declines by 25% – CBN report

Temitope Nlewemchi — Fri, 18 Oct 2024 11:56:45 +0000

The Central Bank of Nigeria (CBN) has revealed that the Federal Government’s capital expenditure dropped by 25% in the third quarter of 2024. This significant decline has raised concerns about the impact on the country’s infrastructure development and economic growth, given that capital spending plays a crucial role in stimulating growth, creating jobs, and improving [...]

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Nigeria’s forex utilization for foreign education falls by 83% in Q1 2024

Temitope Nlewemchi — Wed, 24 Jul 2024 18:12:33 +0000

Nigerians spent $38.17 million on foreign education expenses between January and March 2024. This is according to data from the quarterly statistical bulletin of the Central Bank of Nigeria (CBN) for the first quarter of 2024. The amount spent has crashed by 83% from $218.87 million recorded in the same period of last year. However, on [...]

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Nigeria’s external reserve has risen to $36.89 billion- Cardoso

Temitope Nlewemchi — Sat, 20 Jul 2024 20:34:12 +0000

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has stated that the country’s external reserve has increased to $36.89 billion as of July, 16 2024. CBN Governor, Mr. Olayemi Cardoso, made this statement during an engagement with the Senate Committee on Banking, Insurance, and Other Financial Institutions in Abuja on Friday. [...]

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Hardship: Osun Youths Group commends President Tinubu over Economy Reviving Plan

Social Justice Equity — Mon, 06 May 2024 06:54:59 +0000

As President Bola Ahmed Tinubu is making efforts to revive the nation’s economy, an Osun Youths group under the aegis of Congress of Progressive Youth (COPY) has commended President Tinubu for his giant stride to bring back the nation’s economy to the right track. The group also applauded President Bola Tinubu for driving impactful resounding [...]

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CBN Governor Faces Hostile Reception at House of Representatives Debate

Ifeanyi Nwagboso — Tue, 06 Feb 2024 11:00:53 +0000

Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), encountered a confrontational atmosphere during his appearance before the House of Representatives for a sectoral debate on Tuesday. Many lawmakers expressed dissatisfaction with Cardoso’s management of the naira, which has been experiencing a downward trend in recent months. During his presentation to the House, [...]

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Cardoso CBN Halts Payment to MPC Members Without Notice

Temitope Nlewemchi — Tue, 30 Jan 2024 10:37:45 +0000

In a surprising development, the Central Bank of Nigeria (CBN) has reportedly stopped payments to members of the Monetary Policy Committee (MPC) without prior notice. This move raises questions about the reasons behind the abrupt cessation of payments and its potential implications. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including [...]

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Tinubu Aims for N1 Trillion GDP in 8 Years with Economic Reforms- CBN Governor

Temitope Nlewemchi — Thu, 12 Oct 2023 22:04:21 +0000

Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has unveiled a promising outlook for the economic policies proposed by President Bola Tinubu’s administration. According to Cardoso, these policies have the potential to propel Nigeria’s Gross Domestic Product (GDP) to an impressive $1 trillion within the span of eight years. This proclamation, made [...]

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