Category

Banking

18 posts in this category.

Profile: Yemi Cardoso, Newly Appointed Cbn Governor

President Bola Tinubu has granted his approval for Dr. Olayemi Michael Cardoso to take on the role of Governor of the Central Bank of Nigeria (CBN). Dr. Cardoso’s appointment is for an initial term of five (5) years, pending confirmation by the Nigerian Senate. Dr. Olayemi Michael Cardoso is a highly accomplished Nigerian professional with…

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Tinubu Nominates Yemi Cardoso As New Cbn Governor

President Bola Tinubu has announced the removal of the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, and his deputies. He has appointed Dr. Olayemi Michael Cardoso as the new Governor of the CBN. Dr. Cardoso, a former Citibank executive, previously served as Commissioner for Budget during Tinubu’s first term as Lagos governor from…

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Nlc Protests: Cbn To Flood Banks With Old Naira Notes

According to a reliable report from The PUNCH, the Central Bank of Nigeria has concluded plans to release all N1,000, N500, and N200 notes in its possession to Deposit Money Banks. This decision is expected to alleviate the months-long hardship and distress Nigerians have been experiencing due to the CBN’s controversial naira redesign policy, which…

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Despite Cbn’s Directive, Cash Crunch Persists In Ogun

Residents in Ogun State continue to reject old N500 and N1,000 notes despite the directive from the Central Bank of Nigeria (CBN) to accept them as legal tender. This is causing difficulties for motorists and business operators who need to transact with the old banknotes. The Ogun Today’s investigation reveals that accessing both new and…

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Cash Crunch: Dispense And Accept All Old Notes; Cbn Directs All Banks

On Monday, Professor Charles Soludo, the Governor of Anambra State, also a former governor of the Central Bank of Nigeria, announced that the CBN has directed commercial banks to accept the old naira notes as deposits. Soludo made this statement on his social media accounts and reported that Governor Godwin Emefiele issued the directive during…

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Accept Old Naira Or Face Sanctions, Governors Tell Traders

In accordance with the Supreme Court judgment, the Ekiti State Government has cautioned its citizens against refusing to accept old naira notes as a form of payment. Those who do so risk being apprehended and prosecuted. Likewise, the Abia State Government has declared its intention to penalize individuals who reject the old currency. Governor Biodun…