Olayemi Cardoso Archives

Cardoso Announces 13-Year High as External Reserves Rise to $50.45bn

Francis Jack4 hours ago4 hours ago02 mins

Olayemi Cardoso, governor of the Central Bank of Nigeria, revealed the milestone during a press briefing. He spoke after the 304th Monetary Policy Committee meeting on February 24, 2026, in Abuja. Cardoso stated, “Gross external reserves rose significantly to $50.45 billion as of February 16, 2026, the highest in 13 years.” The committee met on…

Cardoso Warns Poorly Regulated Digital Payments Could Threaten Monetary Sovereignty

Francis Jack5 days ago5 days ago03 mins

Olayemi Cardoso, Governor of the Central Bank of Nigeria, warned that digital payment systems posed risks to monetary sovereignty during a speech in Abuja. He delivered the address at the 2026 technical group meeting of the Intergovernmental Group of Twenty-Four on Wednesday. Cardoso highlighted how rapid expansion of cross-border payments and stablecoins could expose emerging…