CBN’s bold, far-reaching reforms strengthening economy – Cardoso
The Central Bank of Nigeria has implemented bold reforms to strengthen the economy and restore investor confidence. Thirty-two banks have met the new capital requirements, with 28% of the capital raised coming from foreign investors, indicating renewed confidence in Nigeria's financial system.
The Central Bank of Nigeria has introduced reforms to strengthen the economy. Thirty-two banks have met the new capital requirements. The reforms aim to increase transparency and liquidity in the foreign exchange market. A new payment system vision for Nigeria is also being implemented. The bank is transitioning to inflation targeting, a more transparent monetary policy system. The reforms have earned the CBN the Central Bank of The Year 2026 Award.
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