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This article explores the potential legacy of Yemi Cardoso as Governor of the Central Bank of Nigeria, focusing on his stated goals of restoring credibility, achieving price stability, and strengthening the banking sector for sustainable growth.
A growing turmoil in the global private credit market, marked by defaults and regulatory concerns, poses a significant threat to Nigeria's economy. Potential fallout includes capital flight, currency depreciation, and increased debt servicing costs.
Deposits held by Nigerian banks at the Central Bank of Nigeria (CBN) have climbed to a record N128.9 trillion as of March 2026. This surge signifies substantial excess liquidity within the financial system and a preference among banks for low-risk investment options.
At a recent poetry event, academic Nimi Wariboko provided a vivid portrayal of the 2023 Naira crisis and offered a forward-looking perspective by imagining Nigeria's first female president.
Following the completion of its banking sector recapitalisation drive, the Central Bank of Nigeria (CBN) is now implementing enhanced risk management strategies. This includes mandatory stress tests and the maintenance of adequate capital buffers to ensure the stability and resilience of financial institutions.
The Central Bank of Nigeria has mandated banks and fintech companies to undertake a cybersecurity self-assessment to bolster the resilience of the nation's financial sector.
The Central Bank of Nigeria has initiated measures to limit banking services for individuals and entities with significant loan defaults, aiming to promote credit discipline and uphold the country's financial integrity.
A Federal High Court in Lagos has invalidated the Central Bank of Nigeria's (CBN) decision to dissolve the management and board of Union Bank. The ruling calls for the reinstatement of the previous leadership and restricts further actions by the CBN.
A study reveals that over 20 major Nigerian companies, including MTN and Dangote Cement, incurred approximately N2.1 trillion in finance costs during 2025. This figure highlights the sustained pressure of high borrowing rates on corporate profitability.
Four banks have yet to fulfill the Central Bank of Nigeria's recapitalisation criteria, while 30 others are on track ahead of the March 31 deadline.
Central Bank of Nigeria Governor, Olayemi Cardoso, has stated that ongoing monetary and structural reforms are bolstering Nigeria's economic resilience and attracting foreign investment. He highlighted these points at the Africa Capital Forum in London, noting the positive impact on investor confidence and financial stability.
The Federal Capital Territory High Court has levied a N500,000 fine on the EFCC for failing to proceed with the corruption trial of former CBN governor Godwin Emefiele, due to the absence of a key witness.
Signature Bank Limited has successfully raised its capital to ₦52 billion, exceeding the ₦50 billion threshold mandated by the Central Bank of Nigeria. This achievement aligns with the CBN's recapitalisation initiative aimed at strengthening the financial sector.
The Central Bank of Nigeria has announced new guidelines aimed at enhancing the security of mobile and internet banking services. The regulations will allow customers to manage their instant payment options and enforce transaction limits.
The Central Bank of Nigeria has issued a directive forbidding banks from granting loans to borrowers with non-performing loans, effective immediately. This measure is aimed at mitigating systemic risks within the financial sector.
