All You Need To Know About New CBN Governor, Olayemi Cardoso

Why Cardoso Sacked Eight CBN Directors, 32 Others

Following President Bola Ahmed Tinubu’s appointment of Olayemi Michael Cardoso as the Governor of the Central Bank of Nigeria (CBN) on Friday, BrandSpur Nigeria has outlined all you must know about the new apex bank’s boss.

Cardoso replaced Folashodun Shonubi, who served in an acting capacity after the suspension of Godwin Emefiele on June 9.

Here are what you must know about the new CBN Governor

A Banker and chartered Stockbroker

Olayemi Micheal Cardoso is a Nigerian banker, chartered stockbroker and public policy maker. He served as the former chairman of Citibank Nigeria and was the Commissioner for the Lagos State Ministry of Economic Planning and Budget.

Dr. Yemi Cardoso is a financial and development expert with over thirty years of experience in the private, public, and not-for-profit sectors.


Cardoso studied managerial and administrative studies at the Aston University, where he obtained a Bachelor of Science (B.Sc.) degree. He has a Master’s degree from the Harvard Kennedy School in public administration


Cardoso was the commissioner for economic planning and budget for Lagos state. He is the founding chairman and co-chair of Ehingbeti Summit, the Lagos state economic summit.
He is also a former executive lead at Harvard Kennedy School alumni association.

Cardoso was chairman of the board of Citibank Nigeria. He became a member of the Cities Alliance’s Africa Think Tank Group, a group created to solve urban development challenges. He has served as a board member of MRS Oil and was the chairman of the board of EFinA. Cardoso is a member of the advisory board of Lagos Business School and chairman of the board of African Venture Philanthropy Alliance.