NLC, Bankers raise concerns over job security in new CBN banks’ recapitalization

NLC, Bankers raise concerns over job security in new CBN banks’ recapitalization

ByYusuf Olajide

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…

Olayemi Cardoso’s profile: Who is the newly appointed CBN governor?

Olayemi Cardoso’s profile: Who is the newly appointed CBN governor?

ByIdris Abdullahi

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…