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Senate screens CBN gov Cardoso, deputies today

Published

3 years ago

September 26, 2023

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The Senate will today (Tuesday) screen the acting Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, for confirmation into a substantive capacity alongside four nominees for the positions of CBN Deputy Governors, to steer affairs of the apex bank in the next five years.

The Red Chamber, which is returning from its two-month annual vacation, has also scheduled the screening of two additional ministerial nominees by President Bola Tinubu for Tuesday, October 3, 2023.

The Media Office of the Senate Leader, Senator Opeyemi Bamidele, disclosed this in a statement on Monday evening.

While the National Assembly was on break, the President appointed the duo of Dr. Jamila Ibrahim and Ayodele Olawande as Minister of Youths and Minister of State for Youths respectively.

Tinubu also approved the nomination of Cardoso as the new Governor of the Central Bank of Nigeria pending his confirmation by the Senate.

Last week, Cardoso resumed as the CBN governor in an acting capacity pending his screening and expected confirmation by the Senate.

The statement by the Senate Leader office said, “Dr. Cardoso will be screened alongside four deputy governors: namely Mrs. Emem Nnana Usoro, Mr. Muhammad Sani Abdullahi Dattijo, Mr. Philip Ikeazor, and Dr. Bala M. Bello.

“Besides, the Senate has scheduled to screen the ministerial nominees – Dr. Jamila Bio Ibrahim and Mr. Ayodele Olawande, respectively designated as Minister of Youth and Minister of State for Youth on October 3.”

Meanwhile, the Senate also pledged not to disappoint Nigerians as regards the appropriation of the 2024 budget.

Speaking on the agenda of the Red Chamber ahead of its resumption, the Senate spokesperson, Yemi Adaramodu, emphasised that the revitalisation of the economy was top of its priorities.

Adaramodu said, “Soon after the resumption, the appropriation process will commence.

“The 10th Senate will not disappoint Nigerians; we’d ensure that we do what is expected of us because we are in a peculiar time when all hands must be on deck and Nigerians are eagerly waiting to see us do the needful to save Nigeria from the economic troubles we are currently experiencing and that permanent solutions are proffered.

“We’d ensure that appropriations are targeted at deliverables that can enhance a good life and good living of Nigerians and we are going to ensure that those that are approved are delivered to the latter and that quality services are given to Nigerians so that we can realise the goals of the Nigerian project so that we can ensure that life is more abundant to everyone to Nigerians.”

Adaramodu said the Senate expected the President to send the budget soon.

Related Topics:Cardoso CBN Deputies Featured Senate

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More than 100 fake websites linked to the malware campaign have been identified since August 2025.

Brands including DStv, Takealot and South African Airways, as well as the South African Revenue Service (SARS), are being used to make fraudulent messages and websites appear legitimate.

The attacks are particularly concerning in South Africa, where Android dominates the mobile operating system market.

NordVPN said the attacks typically begin with social engineering, where criminals send convincing messages through SMS, WhatsApp or social media.

The messages may contain urgent offers or requests involving job opportunities, tax refunds, identity renewals or pension verification.

Victims are then directed to fake websites designed to closely resemble the official websites of trusted organisations.

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Cement price hits N16,000 per bag

The current cement prices mark a steep rise from late 2024, when a bag sold for around N7,500.

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• Chairman of BUA cement, Abdul Samad Rabiu (ASR)

Cement dealers across Nigeria have announced fresh price increases, with a 50kg bag now selling for as much as N16,000 in some markets, up from N13,000 recorded by buyers just days earlier.

The current cement prices mark a steep rise from late 2024, when a bag sold for around N7,500.

By the third quarter of 2025, that had risen to about N9,000 before reaching the N12,000 to N16,000 range now seen across different locations.

Other building materials have followed a similar upward path. Blocks have climbed from around N600 to N1,100 each.

Sand has gone from N165,000 to N250,000 per 30 tonnes. Granite has risen from N530,000 to N780,000 per 30 tonnes.

Reinforcing steel now costs N1.15 million per tonne, up from N850,000.