By Esther Ososanya Nigeria may be basking in the glow of global praise, but Central Bank Governor Olayemi Cardoso says it’s no time to relax. Speaking during the Monetary Policy Committee (MPC) meeting in Abuja, Cardoso acknowledged the International Monetary Fund’s (IMF) commendation of Nigeria’s recent fiscal and monetary reforms but issued a stern reminder,the …
With Nigeria set to roll out its long-awaited open banking policy in August 2025, hopes are high, but so are concerns. The question on the lips of everyone is this: will this digital shift finally bring financial services to over 38 million unbanked Nigerians? Or will it widen the gap between those online and those …
By Esther Ososanya The Central Bank of Nigeria (CBN) has clarified that Bank Verification Number (BVN) registration remains free for all Nigerians residing in the country, amid widespread concerns over alleged new charges. Reacting to viral reports suggesting a hike in BVN-related fees, the bank on Friday confirmed that the $50 charge applies only to …
Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has called for deeper strategic unity among African nations, as the African Export-Import Bank (Afreximbank) grows its capital assets to over $40 billion in 2024. Cardoso made the call on Wednesday while addressing participants at the Afreximbank 2025 Annual Meetings in Nassau, The Bahamas, themed …
