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DR. OLAYEMI CARDOSO
The naira weakened to N1,586/$1 in the official market on Thursday, marking the first depreciation since the Central Bank of Nigeria’s (CBN) 300th Monetary Policy Committee (MPC) meeting held earlier in the week.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has hinted that the current high interest rate would be reduced very soon as the inflationary pressure eases as expected.
The Central Bank of Nigeria (CBN) task force formed to double remittance inflows into Nigeria will report directly to Yemi Cardoso, the Governor of the CBN.
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to achieving monetary and price stability in the Nigerian economy.
Market operators believe that urgent attention is needed to save the economy from degenerating into another bubble.
Dr. Olayemi Cardoso, the recently appointed governor of the CBN, has stated emphatically that no politician will take control of the apex bank during his tenure.
The Senate has commenced screening of Dr. Olayemi Cardoso for possible confirmation as Governor of the CBN.
The Senate has set Tuesday, September 26th for the screening of Dr. Olayemi Cardoso for possible confirmation as Governor of the Central Bank of Nigeria (CBN).
Dr. Olayemi Cardoso, the newly appointed acting CBN Governor must restore confidence in Nigeria’s Forex Markets, deepen the financial system, encourage efficiency in Nigeria’s financial system and suspend the naira redesign policy indefinitely.