11 articles tagged
The banking sector witnessed a significant rise in foreign capital inflows, totaling $13.53 billion in 2025, which marks a 93.25% increase compared to the previous year. This growth is attributed to banks' proactive capital raising initiatives ahead of the Central Bank of Nigeria's recapitalization deadline.
Olayemi Cardoso, the Central Bank of Nigeria governor, assures foreign investors of a new economic landscape, stating that previous investment concerns are now behind us. His comments were made during a discussion at the Africa Capital Forum in London.
South Korean President Lee Jae Myung has appointed Shin Hyun-song, a senior economist from the Bank for International Settlements, as the new governor of the Bank of Korea. Shin's appointment comes amid rising inflation concerns and a complex economic landscape.
As tensions in the Middle East increase, global markets are reacting with rising inflation fears driven by surging oil prices. In Nigeria, inflation has eased to 15.06%, though rising gasoline costs threaten to impact everyday life.
Muhammadu Sanusi II, the former Governor of the Central Bank of Nigeria and the 16th Emir of Kano, discusses his tranquility following the loss of his prominent roles. During a lecture, he attributed his resilience to his faith and understanding of divine will.
Olayemi Cardoso, Governor of the Central Bank of Nigeria, emphasized that the reforms and policy measures implemented over the past two years position Nigeria to withstand current global economic challenges. His remarks were made during a lecture marking the Founders Day of St. Gregory’s College.
The Central Bank of Nigeria (CBN) reports that 30 banks have successfully met the new minimum capital standards, indicating steady progress in the ongoing recapitalisation exercise ahead of the March 31 deadline.
The Central Bank of Nigeria enhances its gold reserves to $3.5 billion while the Senate proposes to designate it the leading regulator for the fintech sector and combat Ponzi schemes.
A proposed legislation seeking to create a regulatory body for the fintech sector has polarized stakeholders, with fintech operators cautioning against regulatory overlaps, while telecommunications and agent associations advocate for centralized oversight.
A Bolivian Air Force C-130 cargo plane crashed near El Alto International Airport on Friday evening, resulting in the deaths of 15 individuals and injuring dozens more. The aircraft was reportedly carrying banknotes for the Central Bank of Bolivia at the time of the incident.
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has expressed his approval of the African Union's decision to grant Nigeria a permanent seat on the African Monetary Institute Board. This outcome was endorsed during the AU's recent summit in Addis Ababa, Ethiopia.
