Governor of the Central Bank of Nigeria, Olayemi Cardoso | Credit: CBNThe Central Bank of Nigeria has signalled a gradual economic reset, attributing improvements in inflation, foreign reserves, and investor confidence to its monetary and financial sector reforms. Hakama added that the reforms have also spurred capital inflows and strengthened external reserves, with reserves rising from less than $10 billion to $50.45 billion. “These gains are driven by reforms under CBN Governor Mr Olayemi Cardoso, including a more transparent foreign exchange regime. The reforms have also earned international recognition, with the CBN receiving the Central Bank of the Year 2026 Award. The CBN’s reforms, according to Hakama, demonstrate a clear commitment to stabilising the economy, enhancing investor confidence, and ensuring sustainable growth for Nigeria.

Source: Punch March 27, 2026 22:04 UTC