It is self-evident that whatever the Governor of the Central Bank is doing (or not doing), the backing (and banking!!) of the President is critical. On that score, President Bola Ahmed Tinubu did not pull any punches when he spoke at the Hague, Netherlands during the business session of the bilateral meeting with the Dutch … Read more
By Bashorun J.K. Randle It would be something between hyperbole and premature jubilation to describe the minimum capital requirements for banks announced by Mr. Yemi Cardoso, Governor of the Central Bank of Nigeria (CBN) as a bombshell. On the contrary, the Governor of the CBN deliberately and meticulously stuck to his well choreographed strategy of … Read more
Eko Hot Blog reports that the Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso has said nothing less than $26 billion was moved by unknown sources through Binance Nigeria in one year. Cardoso made this known to journalists after the committee’s meeting at the CBN headquarters in Abuja on Tuesday. Binance is … Read more
EKO HOT BLOG reports that the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, expressed the formidable challenges of his position, describing it as the second most demanding globally. Cardoso made this statement on Sunday during the commencement of the 2024 First Plenary Assembly of the Catholic Bishops Conference of Nigeria (CBCN) in Abuja. … Read more
Eko Hot Blog reports that the naira, on Wednesday, fell to a new all-time low at the parallel section of the market. According to the TheCable, Bureaux De Change operators (BDCs), on Wednesday, quoted the naira at N1,045 to the greenback. The figure represents a depreciation of N45 or 4.5 percent from the N1,000 it … Read more
Eko Hot Blog reports that Lagos State Governor, Babajide Sanwo-Olu, has congratulated Dr. Yemi Cardoso, a former Commissioner for Economic Planning and Budget in Lagos, on his nomination as the new governor of the Central Bank of Nigeria (CBN). His congratulatory message was contained in a statement he posted on his X account on Friday. … Read more