The lifting of the ban comes after the Central Bank of Nigeria indicated that its restrictions on fintechs might last for months. At the 295th Monetary Policy Committee meeting, CBN Governor Olayemi Cardoso expressed confidence that the sector would soon return to normal operations under a s...
Godwin Emefiele, CFRserved from 6/4/2014 – 6/9/2023 The present governor of the Central Bank of Nigeria isDr. Olayemi Cardoso, and he was appointed into office on September 26, 2023. Statement of CBN Core Mandate The mandate of the Central Bank of Nigeria (CBN) is derived from the 1...
CBN Governor, Mr. Olayemi Cardoso said: “The FX Code represents a decisive step forward, setting clear and enforceable standards for ethical conduct, transparency, and good governance in our foreign exchange market. It is a firm signal that business-as-usual will no longer suffice. ...
Earlier in his address at the Annual Bankers’ Dinner of the Chartered Institute of Bankers of Nigeria (CIBN) in November 2024, CBN GovernorOlayemi Cardosowarned banks to adhere to cash distribution policies or face severe penalties strictly. He underscored the CBN’s commitment to ...
The regulator said it would collaborate with security agencies to address illegal cash sales and ensure compliance with the daily withdrawal limit of N1.2 million for POS operators. On November 29, Olayemi Cardoso, governor of CBN, urged bank customers to report any withdrawal challenges via designa...
The interventions recently announced by CBN Governor Olayemi Cardoso may prove insufficient without addressing the fundamental issues that drove citizens to seek alternatives to traditional banking channels in the first place. As the American writer, Neil Irwin, aptly noted in his book, "The Alchemists...
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