Economy
Cardoso, CBN shine at Nairametrics Capital Market Choice Awards
- /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://naijablitznews.com/wp-content/uploads/2024/05/Cardoso-cbn.jpg&description=Cardoso, CBN shine at Nairametrics Capital Market Choice Awards', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2024/05/Cardoso-cbn.jpg&description=Cardoso, CBN shine at Nairametrics Capital Market Choice Awards', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has been conferred with an honorary award at the maiden Nairametrics Capital Market Choice Awards, held in Lagos.
Presenting the honorary award to Mr. Cardoso, the Founder/CEO of Nairametrics, Mr. Ugo Obi-Chukwu, said the award was in recognition of Cardoso’s transformative leadership and strategic contributions to Nigeria’s financial and capital markets
Obi-Chujwu noted that under his leadership, the CBN has pursued reforms which have transformed the financial sector, restored investor confidence, deepened market participation, and fostered long-term economic resilience.
In addition to the individual recognition, the Central Bank of Nigeria also won the “Market Reform Initiative of the Year” award, a testament to the bank’s continued efforts to drive systemic reforms and innovation within the financial ecosystem.
According to the organisers, “the CBN’s recent policy interventions aimed at strengthening monetary transparency, investor confidence, and financial market stability earned it the distinguished award”.
Receiving the award on behalf of the Cardoso and the CBN, the bank’s Director, Banking Supervision Department, Olubukola Akinwunmi, expressed gratitude to Nairametrics for the award and urged all stakeholders to continue striving for transparency to ensure stability in the financial system.
Other honorary award recipients were the Governor of Lagos State, Mr. Babajide Sanwo-Olu; the Minister of Industry, Trade and Investment, Jumoke Oduwole; the Director General, Securities and Exchange Commission (SEC), Emomotimi Agama; and the President, Capital Market Academics of Nigeria, Prof Uche Uwaleke.
Posthumous awards were also conferred upon the trio of the late Chief Akintola Williams, Nigeria’s first chartered accountant; the late Chief Subomi Balogun, pioneer banker; and the late Mrs.Florence Seriki, a pioneering female tech entrepreneur.
The event featured 25 award categories and brought together key players from across the financial services sector to celebrate excellence, resilience, and leadership that are shaping the future of Nigeria’s capital market.
Meanwhile, a public affairs analyst, Dr. Ibrahim Modibbo, has congratulated Cardoso and the apex bank for the honour bestowed on them
He described the awards as well deserving and an acknowledgement of the reforms orchestrated by Cardoso since his appointment as the CBN governor by President Bola Tinubu.
Economy
Oyedele Delivers ₦39.63bn Lifeline to 24,814 Pensioners as PTAD Clears Long-Standing DBS Liabilities
L:R: Director General of PTAD, Mrs Tolulope Odunaiya in a warm handshake with the Minister of Finance, Mr Taiwo Oyedele in Abuja.
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has reaffirmed his commitment to improving the welfare of Nigerian pensioners with the successful disbursement of ₦39.63 billion to 24,814 eligible Defined Benefit Scheme (DBS) pensioners, ending years of anxious waiting for thousands of retirees.
Working under the supervision of the Federal Ministry of Finance, the Pension Transitional Arrangement Directorate (PTAD) carried out the payments following the Minister’s directive to prioritise the settlement of verified pension liabilities, bringing relief to beneficiaries across the country.
Mr. Oyedele said the payment reflects the administration’s determination to ensure that retired public servants receive the benefits they earned through decades of dedicated service.
“A nation that values service must also honour those who gave their productive years in its service. This payment is about people, not just figures. It is about restoring confidence, rewarding sacrifice and giving thousands of pensioners and their families the reassurance that they have not been forgotten.”
The Minister explained that the disbursement covered three categories of outstanding pension obligations that had accumulated over the years.
According to him, PTAD paid ₦25,053,703,604.12 to clear the outstanding 35-month pension liability owed to 9,675 eligible Defined Benefit Scheme pensioners of the defunct NITEL/MTEL.
The Directorate also disbursed ₦9,481,886,576.53, representing the initial 50 per cent payment of the Back End Computation (BEC) arrears due to 3,959 eligible PHCN Defined Benefit Scheme pensioners.
In addition, PTAD paid ₦5,094,784,054.27, representing the outstanding 50 per cent balance of the 10.66 per cent and 12.95 per cent pension increment arrears due to 11,180 eligible Defined Benefit Scheme pensioners of the defunct Assurance Bank, NICON Insurance, NITEL and People’s Bank of Nigeria.
For many of the beneficiaries, the payments mark the end of years of uncertainty. They provide the means to meet pressing family needs, pay medical bills, support loved ones and enjoy retirement with greater peace of mind.
Mr. Oyedele said government remains mindful of the real lives behind every pension payment.
“Behind every approved payment is a retiree who served this country faithfully, a family that has waited patiently and a story that deserves a positive ending. We will continue to support measures that improve the lives of our senior citizens while maintaining fiscal discipline and accountability.”
The Minister commended the management and staff of PTAD for the prompt implementation of the directive, describing the successful disbursement as evidence of what can be achieved when institutions work together in the public interest.
“PTAD has demonstrated professionalism in implementing this exercise. The Ministry will continue to provide the policy direction and support required to strengthen pension administration and ensure that verified obligations are settled as resources become available.”
The Director-General of PTAD, Mrs. Tolulope Odunaiya, said the Directorate remained focused on delivering efficient pension administration and expressed appreciation to the Honourable Minister for his leadership and support, which made the release and prompt disbursement of the funds possible.
The latest payment represents another important step in the Federal Government’s efforts to improve the welfare of retirees and ensure that public institutions deliver meaningful outcomes for Nigerians under President Bola Ahmed Tinubu’s Renewed Hope Agenda.
The Black Market Dollar-to-Naira Exchange Rate for 3rd July 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 3rd July 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1408 and buy at ₦1396 on Friday, 3rd July, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1408
Buying Rate ₦1396
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1373
Lowest Rate ₦1360
The Black Market Dollar-to-Naira Exchange Rate for 1st July 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 1st July 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1400 and buy at ₦1390 on Wednesday, 1st July, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1400
Buying Rate ₦1390
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1385
Lowest Rate ₦1376
Atlas Lions zoom into World Cup quarter finals, hammer co-hosts Canada 3-0
Nigeria’s Team D’Tigers risks hotel ejection in Angola, over unpaid bills, possible disqualification
Ooni debunks report over conferment of chieftaincy title on Baba Ijesha
-
News18 hours agoCourt Orders Final Forfeiture Of Ex-Minister’s Abuja Apartment, Seizes Four More Properties
-
News18 hours agoSouth Africa snubs compensation for Nigerians who abandoned property after anti-migrants protests
-
Sports18 hours agoArgentina luckily escape as they manageably survive tiny Cape Verde scare after extra time
-
News18 hours agoDespite FG’s denial, documents show the accountant-general’s office posted foreign affairs officials to PFIPC
-
Metro18 hours agoZamfara Woman, Two Children Regain Freedom After One Month in Bandits’ Captivity
-
News9 hours agoNigeria-Japan Move to Deepen Diplomatic Ties
-
Metro18 hours agoEdo: How We Escaped From Kidnappers’ Den — Victims
-
Metro18 hours agoEdo Police Arrest Fake Medical Doctor, 44 Other Suspects
Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49
You must be logged in to post a comment Login