• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 29, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Senate confirms Cardoso, 11 others as Chairman, members of CBN MPC

Cardoso

The Matters Press by The Matters Press
February 22, 2024
Reading Time: 2 mins read
0
Cardoso approves CBN’s reviewed service charter

Abuja, Feb. 22, 2024: The Senate has confirmed Olayemi Cardoso, governor of the Central Bank (CBN) as Chairman of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) and 11 others as members.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

The Senate confirmed the 12 nominees after considering the report of the Committee on Banking, Insurance and other Financial Institutions presented by the Chairman, Sen. Adetokunbo Abiru during plenary on Wednesday.

President Bola Tinubu, had in a letter read on the floor of the Senate on Feb. 14, sought the confirmation of the nominees, ahead of the MPC meeting next week.

The request was then referred to the committee for action.

The members of the MPC confirmed by the Senate include: Mohammed Sani Abdullahi , CBN deputy governor ; Bala Bello, CBN deputy governor; Emem Usoro, CBN deputy governor; and Philip Ikeazor, CBN deputy governor.

Other members are: Lamido Yuguda, Director-General of the Securities and Exchange Commission (SEC); Lydia Shehu, Permanent Secretary, Federal Ministry of Finance; Murtala Sagagi; Aloysius Ordu; Pauline Odinkemelu; Mustapha Akinwumi; and Bandele Amoo.”

Abiru, while presenting the report assured that the Chairman and members have the requisite knowledge and experience for the crucial task ahead of them.

He informed the Senate that the committe screened six of the 12 nominees on Wednesday, Feb. 21, but did not screen the CBN governor, deputy governors and the permanent secretary of the finance ministry because they were recently screened by the Senate for their current positions.

The lawmaker added that committee required the curriculum vitae, security clearance and other necessary documents from the nominees and found them qualified for the various positions.

“All nominees are experienced in economics and finacial services. Their appointment is accordance with provisions of the CBN Act 2007 and we did not receive any petition against them”, Abiru said.

Contributing to the report, Deputy Senate President Jibrin Barau said that the committees had the expertise to execute the task ahead of them.

For Sen. Osita Izunaso (APC-Imo), he pointed out the task ahead of the nominees adding that Nigerians were looking up to them to salvage the current economic crisis in Nigeria.

In his remarks, President of the Senate, Godswill Akpabio, commended President Tinubu for selecting men and women of great expertise that would help Nigeria with policies to turn around the CBN and redirect the monetary policies of the federation for the good of all Nigerians.

“I urge the MPC to use their expertise to redirect the monetary policies including even contributions to the fiscal policies to ensure that Nigerians get out of the current economic quagmire.”

MPC is the highest policy making committee of the apex bank with the mandate to: review economic and financial conditions in the economy; determine appropriate stance of policy in the short to medium term.

Tags: Cardoso
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
N125bn MSMEs intervention: IT critical to ensuring transparency – ITSSP

MSMEs: FG pledges 100,000 jobs by May 29

States, FCT get N5bn to kick start palliatives

NEC moves to end economic hardship, enhance food security

Recommended Stories

Investment in refinery driven by innovation — Dangote

Dangote bags Nigerien national honour

August 4, 2022
Trading in Nigerian stock market dips further N83bn

Capitalisation gains N19.13bn as trading resumes on Nigerian bourse

April 20, 2022
NEPZA seeks lawmakers’ robust budget for SEZs

NEPZA commends FG, NPA on SIIFZ port expansion agreement

May 28, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us