Tag: Central Bank of Nigeria

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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Cardoso Urges Stronger Economic Ties With Middle East

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… Restates Commitment To Reforms, Diaspora Engagement The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has canvassed stronger economic ties with the Middle East and the Nigerian diaspora community in the region. Speaking during a meeting with Talal Al-Humond, the Assistant Governor for Monetary Affairs, Saudi Arabia Central Bank – SAMA, on the sideline of the just-concluded inaugural Conference on Emerging Markets Economies organised by the Ministry of Finance, Saudi Arabia, and the International Monetary Fund (IMF) Regional Office in Riyadh, Mr. Cardoso said there were lessons…

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Cardoso Champions We-Fi Code Declaration For Women Entrepreneurs

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By Ebriku John Friday The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has urged stakeholders in the financial ecosystem to adopt the Women Entrepreneurs Finance (We-Fi) Code as part of a collective drive to enhance the financial inclusion of women entrepreneurs across Nigeria. Mr. Cardoso stated this at the landmark event of Nigeria’s public declaration of commitment to the We-Fi Code, held at the CBN Head Office on Wednesday, October 9, 2024. According to him, Mr. Cardoso, the We-Fi Code represents a commitment by financial service…

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