Nigeria’s FX reserves cross $55bn to reach 18-Year high
Nigeria’s FX reserves have risen to $55.25bn, their highest level in more than 18 years, as the CBN reports stronger external balances and easing FX pressures. Olayemi Cardoso, governor of…
CBN cuts interest rate to 23% as inflation eases
The CBN has cut Nigeria’s Monetary Policy Rate to 23% from 26.5%, its biggest cut in the current easing cycle. Here’s what it means for borrowers and savers. The Monetary…
Nigeria’s reserves beat CBN’s full-year forecast, with months to spare
Nigeria's gross external reserves have risen to $52.66bn, a 17-year high that beats the CBN's own 2026 forecast, though net reserves remain far lower. Nigeria's gross external reserves rose to…
Cardoso blames digital payments, weak purchasing power for scarce N100, N200 notes
CBN Governor Olayemi Cardoso says all naira denominations, including N100 and N200 notes, remain legal tender and must be accepted. He attributes their scarcity to increased digital payments and reaffirms…
CBN retains interest rate at 26.5%
The Central Bank of Nigeria has retained the Monetary Policy Rate (MPR) at 26.5%. CBN Governor Olayemi Cardoso announced the decision after the Monetary Policy Committee's 306th meeting in Abuja,…
Tinubu hails Cardoso over reforms, bank recapitalisation push
President Bola Ahmed Tinubu has commended Olayemi Cardoso for leading reforms at the Central Bank of Nigeria (CBN), saying his policies are helping to restore Nigeria's economy for long-term growth.…
CIBN KEYNOTE ADDRESS BY THE GOVERNOR OF THE CENTRAL BANK OF NIGERIA, MR. OLAYEMI CARDOSO, AT THE CIBN ANNUAL BANKERS’ DINNER
ProtocolGood evening, distinguished guests, esteemed members of the Chartered Institute of Bankers of Nigeria, colleagues, and friends.It is my honour to join you at the 60th Annual Bankers’ Dinner. I…
