Olayemi Cardoso assumes duty as acting CBN governor 

Dr. Olayemi Michael Cardoso has on Friday assumed duty as acting Governor of the Central Bank of Nigeria (CBN).

The appointment follows the resignation of Godwin Emfiele as governor of the Central Bank of Nigeria.

This was contained in a statement signed by the CBN’s Director of Corporate Communication, Isa Abdulmumin.

The apex bank also announced that the Deputy-Governors-Designate have also assumed duty in acting capacities due to the formal resignation of Mr. Folashodun Shonubi, Mrs. Aishah Ahmad, Mr. Edward Lametek Adamu, and Dr. Kingsley Obiora as Deputy Governors of the CBN.

The statement read: “Dr. Olayemi Michael Cardoso, recently nominated by President Bola Ahmed Tinubu, has on Friday, September 22, 2023, formally assumed duty, in an acting capacity, as the Governor of the Central Bank of Nigeria (CBN), pending his confirmation by the Senate.

“This follows the resignation of Mr. Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN), Similarly, the Deputy-Governors-Designate have also assumed duty, in acting capacities, sequel to the formal resignation of Mr. Folashodun Shonubi, Mrs. Aishah Ahmad, Mr. Edward Lametek Adamu, and Dr. Kingsley Obiora as Deputy Governors of the CBN.

“Dr. Cardoso and his colleagues subscribed to the relevant oaths of office at a brief ceremony held at the Bank’s Head Office in Abuja, on Friday, September 2023, and have since settled down to the task of administering monetary and financial sector policies of the Federal Government.”

 

Chinyere Treasure Mbadiwe
Chinyere Treasure Mbadiwehttp://wakadaily.com
Chinyere Treasure Mbadiwe is the Co-founder and CEO of Wakadaily News. With a B.Sc. in Business Administration from the National Open University of Nigeria (NOUN), she brings a wealth of leadership and strategic expertise to the platform. Chinyere is passionate about delivering high-quality, engaging news that informs and empowers audiences. Her vision for Wakadaily is to create a space where reliable, diverse, and impactful content connects people and fosters informed conversations.

Popular Related

NCC explains why SIMs are being blocked despite NIN linkage

The Nigerian Communications Commission, (NCC) has explained reasons why SIMs cards are being blocked despite linking them to their National Identification Number, NIN. The explanation...

Victor Osimhen Biography: Full Name, Age, Career, Net Worth

Newly crowned Africa Player of The Year, Victor James Osimhen (born on December 29th, 1998) Professionally known as Victor Osimhen is a Nigerian professional...

CBN printing of N22tn under Buhari fueled inflation –Edun

Wale Edun, the Minister of Finance and Co-ordinating Minister of Economy, disclosed that the N22.7tn printed by the Central Bank of Nigeria (CBN) through...

Judy Austin Biography: Age, Education, Husband, Career

Judith Muoghalu Uchechuwku (born on December 31st, 1991) better known as Judy Austin is a Nigerian actress, producer, and brand influencer. She came into the limelight...

FBNQuest Trustees promotes Islamic estate planning

In order to educate people about the significance of estate planning under Islamic law, FBNQuest Trustees, a division of FBN Holdings, teamed up with...

Government credit increases by 2% to N19.98 trillion

Government credit increased by 2.0 percent month-on-month (MoM) to N19.98 trillion in April, up from N19.58 trillion in March, according to the Central Bank...

Naira opens at N1,520 on the black market

On Monday, the foreign exchange market opened with the naira trading at N1,520 per dollar on the black market. This is a 1.32 percent...

UFC 287: Obi, Tinubu congratulate Israel Adesanya 

The presidential candidate of the Labour Party, Mr Peter Obi and the president-elect Bola Tinubu has congratulated Nigerian mixed martial artist, Israel Adesanya, after...

Report says: African ESG bonds hit $4.4 billion naira 

The International loan securities provided by African entities to raise funds for investments observed with Environmental, Social and Governance principles has hit $4.4bn in...

“My boundaries are very clear” – Kunle Remi blows hot as he issues stern warning to trolls over latest allegation

Kunle Remi, Migerian actor has issued a serious warning to trolls following the latest allegation from a blog. Controversial anonymous Instagram blog, Gistlover had alleged...