Breaking
Breaking: New Leadership at the Central Bank of Nigeria.
Breaking: New Leadership at the Central Bank of Nigeria.
By Anthony Beauty,
In a significant development on September 15, Mr. Olayemi Cardoso was nominated by President Bola Tinubu for the position of Governor of the Central Bank of Nigeria (CBN). Just last week, the Senate confirmed not only Mr. Cardoso’s appointment but also those of his deputy governors, Emem Usoro, Muhammed Abdullahi-Dattijo, Philip Ikeazor, and Bala Bello. The thorough screening process that took nearly three hours provided an opportunity for the new CBN Governor to outline his vision for the apex bank.
Cardoso emphasized his primary goal of reshaping the CBN through a combination of short, medium, and long-term measures. His vision encompasses implementing transparent monetary policies, learning from past mistakes, and adhering to constitutional duties while ensuring alignment with international financial standards. He pledged to restore confidence in the autonomy and integrity of the CBN, focusing on price stability and shifting towards evidence-based monetary policies while discontinuing unorthodox monetary policies adopted by his predecessor to strengthen the naira.
In the midst of economic challenges, where the naira was nearing a rate of 1,000 per US dollar in the parallel market, and settling at N755.08 per US dollar in the official market, many Nigerians might understandably overlook this change in CBN leadership. However, given the CBN’s critical role in the economy’s functioning and well-being, the Senate’s responsibility is to diligently scrutinize the qualifications and performance of the nominees. Accountability for any misuse of CBN’s powers by its leadership is vital for a more effective and efficient CBN, which the Senate has occasionally fallen short of in the past. It is hoped that this time will be different.
Cardoso’s profile and his impressive performance during his confirmation process inspire hope. With over 30 years of experience in various sectors, including private, public, and not-for-profit organizations, he brings a wealth of knowledge and expertise to the role. His track record as a financial expert, consultant, and policy advisor to international organizations underscores his capacity to lead the CBN effectively.
Cardoso faces the daunting task of returning the CBN to its core mandate, especially in the face of economic challenges. His immediate focus, as advocated by the Centre for the Promotion of Private Enterprise (CPPE), should be on restoring confidence in Nigeria’s foreign exchange market and recapitalizing the banking industry. Addressing these issues will be a significant step toward fulfilling his leadership role at the CBN.
The new CBN Governor should also steer clear of the past practices of making divisive statements, engaging in politics, or misusing public funds, as these actions have historically undermined the CBN’s mandate. With the current state of the naira in international markets, a change in approach is not just advisable but necessary.
As Mr. Cardoso begins his tenure, the expectations are high. Nigerians will hold him accountable for his promise to promote transparency, uphold the CBN Act, and ensure the CBN’s success. It is incumbent on him to make a lasting, positive impact during his time in office.
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IduwiniVoice
Prophet Jeremiah Prophet, the founding prophet and General Overseer of Christ Mercyland Deliverance Ministry, grieves as his 104 year old mother passes away. Mama Asetu Fufeyin, who died at the remarkable age of 104, lived a fulfiled life, IduwiniVoice canreport. The renowned Nigerian prophet shared the news on Saturday via his Facebook account, revealing the death of his mother on may 9.
In a deeply emotional message, Prophet Fufeyin paid tribute to his late but beloved mother, expressing his profound sense of loss:
“We sadly announce the passing of our beloved Mama Asetu on May 9th, 2025. Her life was a blessing, her memory a treasure. A Celebration of Life will be held to honor her legacy—details to follow. Forever in our hearts. Rest in eternal peace, Mama.”
Mama Asetu lived a long, meaningful life, and was dearly loved by her family and all who knew her. A “Celebration of Life” will be held in her honour, with additional details to be shared by the family soon.
She will be remembered for her unwavering strength, deep devotion, and the powerful spiritual legacy she leaves through her son, a leading prophetic voice in Nigeria and beyond.
May her soul rest in eternal peace.
The management of Gbaramatuvoice a leading Niger Delta media organisation that runs both print and telecasting of news, media, and current affairs, has announced the date for the anticipated 10th anniversary of the organisation’s operation.
This was shared in a post on its official whatsapp group where the management made the important announcement. While the venue and some other details remains unannounced,
the events marking the decade-long resilience of the organisation will be holding on August 27 and 28, 2025 as highlighted.
See details below:
“BREAKING: The Date is Set — GbaramatuVoice’s 10th Anniversary Celebration Revealed*
“The moment we’ve all been waiting for…
On August 27 & 28, 2025, GbaramatuVoice will celebrate a monumental 10 years of telling untold stories from the Niger Delta.
“To mark this significant milestone, we will be hosting a special 10th Anniversary Celebration featuring key stakeholders, partners, media professionals, and cultural icons. The event will include the unveiling of landmark projects, awards presentations, and a renewed commitment to the future of indigenous storytelling and impactful media.
Further details regarding the venue, special guests, and program schedule will be released in the coming days.
For media inquiries, partnerships, or participation, please contact:
Phone: +234 814 345 9986
Website: www.gbaramatuvoicenews.com
GbaramatuVoice — 10 Years of Telling the Untold Stories👇
https://www.facebook.com/share/r/196PmpdUrQ/
Niger Deltans watch in keen anticipation of what promises to be truly spectacular.
Don’t go nowhere… IduwiniVoice will bring yup to speed with details of pre-, during, and post-events.
BREAKING:
By Admin
Bishop Oyedepo has announced that 32 transformers will be used to power the Ark when it comes on stream after it’s November dedication. According to him, during the second service yesterday, 4th May 2025 at the Faith Tabernacle, this will be required because of the large power requirement at the new building. The Ark will have 129 elevators, travelators and escalators which will move worshippers including elderly people and in other cases, challenged folks who require healing up and down the 4 floor, 109,000 capacity bowl as well as the 5,000 capacity youth church and 20,000 seat children’s church. Additionally, the staff will operate between the 12 twin tower mission headquarters and use of the staircase may not always be practicable.
Canaanland already had a 15MW Power plant installed in 2016 but this will be inadequate for power needs of the Ark. The Dome will also draw 1MW of solar energy to the facility while the roof is designed to gather rain 🌧 water to aid in flushing the 1,200 restrooms by gravity.
The transformers located at the new power plant required to power plant is much bigger than the present plant.
It is believed to be already under construction and would be finished in time for the dedication of the Ark.
The new Megawatt power plant reported to be 80MW will help to supply electricity to the whole of Canaanland including The Ark, Covenant University, Canaan City and possibly some parts of Ota.
According to Bishop Oyedepo, Canaanland has never experienced a complete electricity blackout since 1999 contrary to the norm in Nigeria.
Credit: Church Gist