In the wake of the Central Bank of Nigeria‘s (CBN) directive to recapitalize the new banks, the Nigeria Labour Congress (NLC) and the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) have expressed worries regarding job security among other things. There have been reports that similar exercises in 2010 and 2005 led…
Senator Ali Ndume, the Senator representing Borno South Senatorial has faulted President Bola Tinubu’s planned relocation of certain federal government ministries to Lagos on Tuesday. Daily Stand Nigeria recalls that Mr. President recently announced the relocation of the Central Bank of Nigeria and the Federal Airports Authority of Nigeria departments from Abuja to Lagos. Speaking…
After President Bola Ahmed Tinubu named Olayemi Michael Cardoso as the new Governor of Nigeria’s Central Bank, here’s a brief look at Cardoso’s background. Cardoso is from Lagos State and holds a Master’s degree in Public Administration and Management from Harvard University. In 1999, he served as the first commissioner for Economic Planning and Budget…