The Senate Ad-hoc Committee probing how the N30 trillion Ways and Means loans were obtained from the Central Bank of Nigeria (CBN) and spent by the former President Muhammadu Buhari-led administration says it has uncovered some infractions in the process of obtaining the overdraft. As such, the committee said it had concluded plans to summon the current CBN Governor, Olayemi …

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that foreign exchange backlogs have been cleared in all the banks except for five of them. Cardoso said this on Thursday during an investor call facilitated by the Nigerian Exchange Group, during which he said that the remainder of the banks’ FX backlogs would be cleared in …

Those who know Mr. Olayemi Cardoso will agree he got his current job as the Governor of Central Bank of Nigeria (CBN) on a platter of solid professional background and strong personal attributes. His pedigree is rich as his character is unsullied. Cardoso had a remarkable private sector career where he shone brilliantly in banking, stockbroking and consulting. He also …

The Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso has called on Nigerians to moderate the demand for dollars, consumption and usage of foreign goods, warning that as a country, we must address the supply side of Forex as it has kept the nation’s economy in a narrow bucket. Cardoso noted that without moderation of demands on USD, the …

The Senate, yesterday, summoned governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, to appear before it next Tuesday on the state of the economy and free fall of the naira in the forex market. The summoning of the governor was disclosed by the chairman of the Committee on Banking, Insurance and other Financial Institutions, Senator Adetokunbo Abiru. …

The 1984 alumni and pioneer set of CitiBank Nigeria held a private dinner in Ikoyi Lagos at the weekend to celebrate one of their own, Dr. Olayemi Cardoso on his appointment as the Governor of the Central Bank of Nigeria (CBN). Cardoso served as Chairman of the bank for 12 years and retired last year. At the time the accountant …

It is no longer news that Dr. Olayemi Cardoso, obviously one of the very few reserved institutionalists in Nigeria’s banking sector (and his cohorts) has taken charge at the Central Bank of Nigeria (CBN). To demonstrate the team’s seriousness and commitment, the media reported that the team had resumed at the apex bank, even before the appointees were confirmed by …

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 …

The  Senate will today (Tuesday) screen the acting Governor of the Central Bank of Nigeria (CBN),  Dr. Olayemi Cardoso, for confirmation, alongside four nominees as Deputy Governors, to steer affairs of the apex bank in the next five years. In a statement on Monday, the Media Office of the Senate Leader, Senator Opeyemi Bamidele said that The Red Chamber, which …