• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, July 5, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Cardoso Highlights Importance Of Currency Management

by Affa Acho
11 months ago
in News
cardoso
Share on WhatsAppShare on FacebookShare on XTelegram

Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has emphasised the crucial role of currency management and forecasting in maintaining economic stability as an essential function of central banks.

Advertisement

He made this known during his keynote address at the opening session of the West African Institute for Financial and Economic Management (WAIFEM) regional workshop on currency management and forecasting in Abuja yesterday.

Cardoso stressed that effective currency management is a critical function of central banks, enabling them to regulate the money supply, control inflation, and maintain financial system stability.

“Currency management relates to planning, designing, issuing, and withdrawing currency from circulation. These processes ensure the integrity, availability, and value of the currency. Therefore, currency management is one of the critical functions of central banks,” he added.

The CBN governor also highlighted the need for Central Banks to safeguard the value of the currency through various measures, such as initiating policies relating to the issue and redemption of currency initiatives to prevent and minimise money laundering and counterfeiting and adequately meet the demand for currency by the public.

RELATED

Worrisome Discord In Opposition Coalition

Worrisome Discord In Opposition Coalition

2 hours ago
Why I Signed N538.5bn Budget Into Law – Otu

C’River Plans Coffee Revival With ₦700m Subsidy For Farmers

2 hours ago

Speaking earlier in his welcome address, the director general of WAIFEM, Dr Baba Musa, noted that the workshop’s objective is to explore key challenges confronting Central Banks in currency management and how they are tackled.

He added that though efforts are being made towards achieving a cashless economy, the important role of currency management as an integral part of overall economic management calls for a sustained effort by all stakeholders.

The conference, attended by Central Bank staff from across Africa, aims to share best practices and discuss innovative solutions to address the evolving challenges in currency management.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Olayemi Cardoso
SendShareTweetShare
Previous Post

Highlighting The Role Of States In Internet Connectivity

Next Post

AYCF, NAN Condemn $50,000 Inducement Plot Against Matawalle

Affa Acho

Affa Acho

Senior Sports Reporter

You May Like

Worrisome Discord In Opposition Coalition
Backpage

Worrisome Discord In Opposition Coalition

2025/07/05
Why I Signed N538.5bn Budget Into Law – Otu
News

C’River Plans Coffee Revival With ₦700m Subsidy For Farmers

2025/07/05
Universal Health Coverage: NMA, Others Task FG On Digitisation Of Heath Sector
News

NMA Seeks Dialogue With FG To Avert Health Sector Crisis

2025/07/05
NAOWA Presents Food, Cash To Widows Of Fallen Heroes
News

NAOWA Presents Food, Cash To Widows Of Fallen Heroes

2025/07/05
State Govt, Experts Collaborate On New Bauchi City
News

State Govt, Experts Collaborate On New Bauchi City

2025/07/05
Loan Fraudster Closes Firm Day After Banking £25,000
News

Court Detains Philanthropist, 3 Others Over Killing Of PDP Chieftain

2025/07/05
Leadership Conference advertisement

LATEST

Worrisome Discord In Opposition Coalition

C’River Plans Coffee Revival With ₦700m Subsidy For Farmers

NMA Seeks Dialogue With FG To Avert Health Sector Crisis

NAOWA Presents Food, Cash To Widows Of Fallen Heroes

State Govt, Experts Collaborate On New Bauchi City

Court Detains Philanthropist, 3 Others Over Killing Of PDP Chieftain

ALGON Congratulates Gov Sani Over Award

Katsina Partners PEBEC To Accelerate Business Enabling Reforms

42 Kwara Students Inducted As Hygiene Ambassadors

Wike’s Aide Faults ADC Spokesman On PDP’s Wrangling

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.