The Senate on Tuesday confirmed Mr. Olayemi Cardoso as Governor of the Central Bank of Nigeria (CBN), CBN. Other nominees who were confirmed as Deputy Governors are: Emem Usoro, Muhammad Abdullahi-Dattijo Philip Ikeazor and Bala Bello. Their screening commenced after hours of closed-door meeting, which was presided by the Senate President Godswill Obot Akpabío, having resumed from a two month …

President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five years at the first instance, pending his confirmation by the Senate. The President also approved the nomination of four new Deputy Governors for the CBN for a term of five …

The House of Representatives Ad Hoc Committee investigating the non-remittance of money to the National Housing Fund and the utilisation of funds from 2011 to date, on Thursday, warned that the chief executive officers who failed to honour its invitation risk being subpoenaed. The committee consequently gave the defaulting banks till Thursday next week to appear before it with all …

The Central Bank of Nigeria (CBN) has insisted that there is no plan to extend the deadline for the use of old notes. At a media briefing on Friday, CBN Governor, Mr Godwin Emefiele said that the regulatory bank and Deposit Money Banks (DMBs) were working to address the current challenges with the circulation of the new notes. He said: …