The Central Bank of Nigeria (CBN) and the Bank of Angola have signed a Memorandum of Understanding (MoU) to deepen financial and technical cooperation. The agreement was signed on Thursday, October 16, on the sidelines of the ongoing IMF/World Bank annual meeting in Washington, DC, United States. It was endorsed by the Governor of the …
The International Monetary Fund (IMF) has commended Nigeria's decisive monetary and fiscal reforms, acknowledging their positive impact on stabilising the economy, reducing inflation, and bolstering foreign exchange reserves. At the launch of its latest World Economic Outlook (WEO), the IMF revised Nigeria's growth forecast upward, predicting a 3.9% growth in 2025 and 4.2% in 2026. …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, would lead Nigeria's delegation to the World Bank and International Monetary Fund Annual Meeting in Washington, DC. The meeting opens on Monday, October 13, according to a statement on Sunday, October 12 signed by the Special Adviser to the President on Information and Strategy, …
As Nigeria’s financial landscape continues to evolve, Union Bank finds itself at the centre of controversy, raising questions about its future as the country moves closer to its recapitalisation deadline. The bank, once a trusted household name in Nigeria's banking sector, is now embroiled in a web of financial and regulatory uncertainties following the takeover …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, will be delivering a series of national lectures to champion next-generation leadership. The first of its kind is set to be held at the Lagos Business School on Friday, October 3, 2025, according to a statement seen by Pinnacle Daily on Tuesday, September 30. …
The Centre for the Promotion of Private Enterprise (CPPE) has called on the Central Bank of Nigeria (CBN) Governor, Dr Olayemi Cardoso, to balance price stability with growth, raising concerns over the cash reserve ratio (CRR) and monetary policy rate (MPR) environment. CPPE made the call in a statement on Sunday, September 21, by its …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said the banks' recapitalisation exercise is "making good progress". He hinted at this during a fireside chat at the European Business Chamber (Eurocham Nigeria) C-Level Forum in Lagos, moderated by the Chief Country Representative, Deutsche Bank Nigeria, Andreas Voss. The update is coming; after …
The Central Bank of Nigeria (CBN) and the Nigerian Deposit Insurance Corporation (NDIC) have pledged commitment to enhancing collaboration for the stability of Nigeria’s financial system. The commitment was made when newly appointed management of the NDIC, led by Managing Director/Chief Executive Mr Thompson O. Sunday, recently paid a courtesy visit to the CBN Governor, …
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 …
