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    Israel and Iran agree on ceasefire – Trump

    Israel and Iran agree on ceasefire – Trump

    Breaking: Iran launches missiles at US bases in the Middle East

    Breaking: Iran launches missiles at US bases in the Middle East

    US military strikes Iran

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    France launches mandatory online visa appointments for travelers

    France launches mandatory online visa appointments for travelers

    Federal Government declares June 6 and 9 public holidays

    Federal Government declares June 6 and 9 public holidays

    • Nigeria
    • Africa
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    • All
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    • Economic Data
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    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

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    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

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    Buhari says Nigeria security and economy improved during his tenure

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    Air Sierra Leone commences flight operations to Lagos

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    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

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    MTN Nigeria to pay over N200 billion final dividend for 2022

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Senate confirms nomination of Yemi Cardoso as CBN Governor along with four Deputies

Tuesday, 26 September 2023, 8:14 pm
in News, Nigeria
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Senate confirms nomination of Yemi Cardoso as CBN Governor along with four Deputies
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The Nigerian Senate has confirmed the nomination of Yemi Cardoso as the Governor of the Central Bank of Nigeria, along with four others as deputy governors of the bank.

Also read; Nigeria declares Wednesday public holiday to celebrate Eid-ul-Maulid

The confirmations were made on Tuesday after the screening of the Nominees by the Senate.

President Tinubu had nominated Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria on the 15th of September, 2023. The President also nominated four deputy governors on the same day; Mrs. Emem Nnana Usoro, Mr. Muhammad Sani Abdullahi Dattijo, Mr. Philip Ikeazor and Dr. Bala M. Bello.

“The nomination of Olayemi Cardoso is hereby confirmed as governor of the Central Bank of Nigeria (CBN),” Senate President Godswill Akpabio said, confirming all five to serve in their respective positions for five years at first instance.

The nominees were asked several questions on matters related to economic and other policies before their confirmation.

During the screening, Cardoso promised to embrace compliance, assuring that under his leadership, the apex bank would remain apolitical.

“I believe that the Central Bank under our watch will have no choice but to embrace a culture of compliance,” he said.

“We will not wait for oversight to come and tell us what to do. We will ensure that by the time the system is passing through us, we catch it and we deal with it,” said Cardoso who promised zero tolerance for abuse of compliance.

“That is a cultural shift, a change in mindset, but we will make sure it happens,” the former Citibank Nigeria chairman assured.

Dr. Cardoso along with his duties assumed duty at the CBN in acting capacities on Friday.

He replaces Godwin Emefiele as the apex bank boss. Emefiele took charge at the Central Bank in 2014, he was arrested by the Department of State Services (DSS) but released on bail, when President Tinubu took office. He is currently being tried on an alleged N6.9bn fraud.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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