The Nigerian economy is beginning to turn the corner with an increased investor confidence, growing reserves and macroeconomic stability, according to Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN).
According to excerpts released upon the closure of the 2025 IMF/World Bank Spring Meetings in Washington D.C., Cardoso emphasised the Bank’s commitment to reforms and ensuring stability and transparency in the FX market.
“Thanks to the steps taken over the past 18 months, we have strengthened our monetary buffers and positioned Nigeria to better withstand external shocks,” Cardoso said.