Tag: CBN

CBN Strengthens Regulatory Oversight to Safeguard Nigeria’s Financial System

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The Central Bank of Nigeria (CBN) has reaffirmed its commitment to maintaining a transparent and resilient financial system by reinforcing regulatory compliance and risk management across Nigerian financial institutions. Speaking at a high-level Mandatory Compliance and Anti-Money Laundering (AML) Training Workshop held in collaboration with Citi on February 28, 2025, in Lagos, Ms. Shola Phillips, Special Adviser to the CBN Governor on Compliance, emphasised the need for strict adherence to global banking standards to sustain confidence in Nigeria’s financial sector. “Regulators expect financial institutions to maintain dynamic, risk-based AML/CFT programmes…

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CBN Governor, Cardoso Champions Stronger Nigeria, Saudi Ties 

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The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the Bank’s dedication to enhancing economic cooperation between Nigeria and the Kingdom of Saudi Arabia. During a courtesy visit to the CBN headquarters by the Ambassador of the Kingdom of Saudi Arabia to Nigeria, H.E. Faisal bin Ibrahim Alghamdi, and his delegation recently, Mr. Cardoso emphasised the Bank’s commitment to fostering partnerships across critical sectors that drive economic growth. He stated that the CBN is prepared to play a critical role in fostering collaboration and that…

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