Cash Outside Banks Rises to N4.87 Trillion in August After Three-Month Decline
Cash held outside Nigeria’s banking system increased to N4.87 trillion in August 2026, reversing three consecutive months of decline, according ...
Tag: Cardoso
Foreign Reserves Climb $12.76 Billion in a Year, Gain $708 Million in September
Nigeria’s gross foreign exchange reserves rose by $12.76 billion year-on-year to $54.61 billion as of 14 September 2026, reinforcing the ...
Nigeria’s Foreign Reserves Hit $51.86 Billion, Highest in 17 Years
Nigeria’s external reserves have climbed to $51.86 billion, the highest level recorded in more than 17 years, according to the ...
CBN Tightens Oversight on Fintechs with New Ultimate Beneficial Ownership Directive
The Central Bank of Nigeria (CBN) has introduced a significant regulatory requirement for fintech companies and other financial institutions, mandating ...
CBN Aims to Bring N2.83 Trillion Cash Back into Banking System by 2028
The Central Bank of Nigeria (CBN) has announced plans to significantly reduce the amount of cash circulating outside the formal ...
CBN Unveils Revised Foreign Exchange Manual, Set to Take Effect June 1
The Central Bank of Nigeria (CBN) has officially launched the fourth edition of its Foreign Exchange Manual, introducing updated guidelines ...
Nigeria’s External Reserves Drop by $731 Million in Early April
Nigeria’s foreign exchange reserves came under renewed pressure in April 2026, declining by approximately $731 million within the first three ...
CBN Controversial Law – Is This Protecting Lenders or Shielding the Powerful?
The Central Bank of Nigeria (CBN) has sparked fresh debate in the financial sector with a bold proposal that could ...
Nigeria’s Trade Surplus Reaches 6% of GDP, Says CBN Governor
Nigeria’s trade surplus has risen to 6% of its Gross Domestic Product (GDP), according to Olayemi Cardoso, Governor of the ...
Nigeria’s Diaspora Remittances Soar to $600 Million Monthly, Says CBN Governor
Nigeria’s diaspora remittances have skyrocketed by 200% to $600 million per month over the past two months, up from $200 ...
