CBN: Cardoso Names Nigerian Banks to Drive $1bn Diaspora Reserves Target

Analysts: How to sustain $5.6bn capital importation

Analysts and economic experts have said Nigeria can sustain and improve on the $5bn capital importation by sustaining reforms attracting domestic and global investors. Daily Trust reports that capital inflows to Nigeria stood at $5.6 billion in the first quarter of 2025, according to data from the National Bureau of Statistics (NBS). The International Monetary Fund (IMF) says the quantum of investments into the domestic economy are determined by…

CBN: Cardoso names Nigerian banks to drive $1bn diaspora reserves target

The governor of the Central Bank of Nigeria, Olayemi Cardoso, has outlined names of Nigerian banks that would drive its $1 billion diaspora reserves target by 2026, up from $600 million. He said drivers of the diaspora reserves target initiative would include Zenith, Access, Fidelity and other Nigerian banks. He disclosed this at the ongoing 18th Annual Banking and Finance Conference organised by the Chartered Institute of Bankers of Nigeria (CI…

CBN Targets $1bn Diaspora Reserves By 2026 - Thepodiummedia

The Central Bank of Nigeria has unveiled plans to grow the nation’s diaspora reserves to $1bn by 2026. CBN Governor, Olayemi Cardoso, disclosed this on Tuesday at the 18th Annual Banking and Finance Conference organised by the Chartered Institute of Bankers of Nigeria in Abuja. He said the initiative forms part of the apex bank’s broader strategy to stabilise the foreign exchange market and boost external reserves. Cardoso noted that diaspora re…

CBN Projects $1b Diaspora Reserve

Advertisements The Central Bank of Nigeria (CBN) is targeting a diaspora reserve of $1billion by 2026.Dr Olayemi Cardoso, the Governor of CBN, said this at the 18th Annual Banking and Finance Conference organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Abuja on Tuesday.Cardoso said the diaspora reserve currently stood at $600million.According to him, the CBN has prepared the framework and done everything required to enable the…

CBN Targets $1bn Diaspora Reserves By 2026

September 09, (THEWILL) — The Central Bank of Nigeria has unveiled plans to grow the nation’s diaspora reserves to $1bn by 2026. CBN Governor, Olayemi Cardoso, disclosed this on Tuesday at the 18th Annual Banking and Finance Conference organised by the Chartered Institute of Bankers of Nigeria in Abuja. He said the initiative forms part […] The post CBN Targets $1bn Diaspora Reserves By 2026 appeared first on THEWILL NEWS MEDIA.