Tag: Cardoso

  • Cardoso woos global investors, pitches Nigeria’s reform agenda

    Cardoso woos global investors, pitches Nigeria’s reform agenda

    Amid heightened global economic uncertainty, the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has pitched Nigeria as a disciplined and credible investment destination.

    He told international investors that the country is firmly committed to rules-based economic management, transparent markets and predictable policy frameworks.

    A statement from the CBN yesterday said Cardoso made the case for Nigeria on Monday, December 15, 2025, while engaging senior business leaders and institutional investors in Washington, D.C., at the U.S.–Nigeria Executive Business Roundtable, a high-level forum aimed at strengthening commercial ties and attracting long-term capital into the Nigerian economy.

    Addressing the gathering, the CBN governor said Nigeria’s economic reforms are deliberately structured to restore confidence and provide investors with clarity and certainty in an increasingly volatile global environment.

    He explained that the authorities are focused on creating a stable macroeconomic foundation that supports sustainable, private-sector-driven growth.

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    According to Cardoso, recent reforms in the foreign exchange market have been central to improving transparency and price discovery, while the adoption of orthodox monetary policy is helping to anchor expectations and contain macroeconomic risks.

    He added that ongoing reforms in the banking sector are strengthening resilience, governance and capital buffers, positioning the financial system to better support productive investment.

    Cardoso also pointed to the modernisation of the payments system as a critical component of Nigeria’s investment pitch, noting that efficient, secure and inclusive payment infrastructure is essential for business growth, innovation and financial inclusion.

    The U.S.–Nigeria Executive Business Roundtable was convened by the U.S. Chamber of Commerce’s U.S.-Africa Business Center and brought together American and Nigerian corporate executives, institutional investors and policymakers. Discussions focused on Nigeria’s macroeconomic stabilisation efforts, regulatory clarity and opportunities to scale bankable projects across priority sectors of the economy.

    The forum provided an opportunity for Nigerian policymakers to engage directly with potential investors on areas such as infrastructure, energy, financial services, agriculture and technology, while addressing concerns around policy consistency and the investment climate.

    Reacting to the discussions, the President of the U.S.-Africa Business Center at the U.S. Chamber of Commerce, Ms. Kendra Gaither, said global investors are increasingly drawn to markets that demonstrate discipline and credibility.

    “What investors are responding to today is clarity, clear rules, credible reforms, and a seriousness of purpose. Nigeria’s message is increasingly one of discipline and opportunity, and that matters in a global economy seeking actively for stability and predictability,” Gaither said.

  • Cardoso woos global investors, pitches Nigeria’s reform agenda

    Cardoso woos global investors, pitches Nigeria’s reform agenda

    Amid heightened global economic uncertainty, the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has pitched Nigeria as a disciplined and credible investment destination.

    He told international investors that the country is firmly committed to rules-based economic management, transparent markets and predictable policy frameworks.

    A statement from the CBN on Tuesday said Cardoso made the case for Nigeria on Monday, December 15, 2025, while engaging senior business leaders and institutional investors in Washington, D.C., at the U.S.–Nigeria Executive Business Roundtable, a high-level forum aimed at strengthening commercial ties and attracting long-term capital into the Nigerian economy.

    Addressing the gathering, the CBN Governor said Nigeria’s economic reforms are deliberately structured to restore confidence and provide investors with clarity and certainty in an increasingly volatile global environment. 

    He explained that the authorities are focused on creating a stable macroeconomic foundation that supports sustainable, private-sector-driven growth.

    According to Cardoso, recent reforms in the foreign exchange market have been central to improving transparency and price discovery, while the adoption of orthodox monetary policy is helping to anchor expectations and contain macroeconomic risks. 

    He added that ongoing reforms in the banking sector are strengthening resilience, governance and capital buffers, positioning the financial system to better support productive investment.

    Cardoso also pointed to the modernisation of the payments system as a critical component of Nigeria’s investment pitch, noting that efficient, secure and inclusive payment infrastructure is essential for business growth, innovation and financial inclusion.

    The U.S.–Nigeria Executive Business Roundtable was convened by the U.S. Chamber of Commerce’s U.S.-Africa Business Center and brought together American and Nigerian corporate executives, institutional investors and policymakers. 

    Discussions focused on Nigeria’s macroeconomic stabilisation efforts, regulatory clarity and opportunities to scale bankable projects across priority sectors of the economy.

    The forum provided an opportunity for Nigerian policymakers to engage directly with potential investors on areas such as infrastructure, energy, financial services, agriculture and technology, while addressing concerns around policy consistency and the investment climate.

    Reacting to the discussions, the President of the U.S.-Africa Business Center at the U.S. Chamber of Commerce, Ms. Kendra Gaither, said global investors are increasingly drawn to markets that demonstrate discipline and credibility.

    “What investors are responding to today is clarity, clear rules, credible reforms, and a seriousness of purpose,” Gaither said. “Nigeria’s message is increasingly one of discipline and opportunity, and that matters in a global economy seeking actively for stability and predictability.”

  • MPC retains key rates as Cardoso projects continued disinflation

    MPC retains key rates as Cardoso projects continued disinflation

    The Central Bank of Nigeria (CBN) on Tuesday retained its monetary policy rate at 27 per cent after the Monetary Policy Committee (MPC) concluded its meeting in Abuja, with Governor Olayemi Cardoso saying the decisions were taken to consolidate the progress already made in moderating inflation and stabilizing the financial system.

    Cardoso told journalists that all 12 committee members were present and  the majority voted to keep the monetary policy rate unchanged while adjusting the standing facility corridor around the MPR to +50/-450 basis points. 

    The MPC also resolved to maintain the cash reserve requirement for deposit money banks at 45 per cent, keep merchant banks’ CRR at 16 per cent, apply a 75 per cent CRR on non-TSA public sector deposits, and retain the liquidity ratio at 30 per cent.

    He said the decisions were guided by the need “to sustain the progress made so far towards achieving low and stable inflation,” adding that the committee would continue to rely on a data-driven evaluation of economic conditions before taking further steps.

    Cardoso said the MPC welcomed the continued slowdown in inflation for the seventh consecutive month in October 2025. According to him, the easing of inflationary pressure was supported by sustained monetary tightening, a stable exchange rate, increased capital inflows, and a surplus in the current account balance. He added that relative stability in the price of Premium Motor Spirit (PMS) and improved food supply also contributed to the pace of disinflation.

    However, he cautioned that inflation remained high. “Headline inflation is still in double digits, and that requires sustained efforts to moderate it further,” he said. The committee, he noted, agreed that the decline across headline, core and food inflation suggested that the lagged effect of existing policy measures would continue to impact the economy favourably in the months ahead.

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    Cardoso explained that keeping policy parameters unchanged at this time was necessary to ensure that previous rate hikes transmit effectively to the real economy. “Maintaining the current stance of policy, amidst lingering global uncertainties, would allow the effect of previous policy rate hikes to sufficiently transmit to the real economy and further reduce prices,” he said.

    He also spoke about the external sector, noting that members of the committee acknowledged “the robust performance of the external sector, evidenced by the surplus current account balance and steady accretion to reserves, which have contributed to stability in the exchange rate and moderation in inflation.” According to him, the recent upgrade of Nigeria’s sovereign credit rating and the country’s removal from the FATF grey list were outcomes of the strong cooperation between fiscal and monetary authorities.

    Turning to Nigeria’s $46.7 billion external reserves, the governor said the country was in a favourable position. “On reserve adequacy, we currently have about 10 months of import cover, which is a very good position. In fact, the underlying strength is even greater, as there is significant liquidity within the market that may not be immediately obvious.”

    He linked the boost in reserves to rising non-oil exports, improved oil production, higher remittances, and increasing portfolio investment. “A more competitive currency encourages exports, and we are seeing this especially in non-oil exports. Oil production has also improved compared with where we were previously,” he said.

    “International remittances have risen as well. The important thing is that reserves are being built in a systemic and sustainable way. Portfolio investors are returning because reforms have made Nigeria more attractive, and the market is now more open and transparent.”

    Cardoso noted that broader economic conditions were improving after a turbulent period. “The macro indicators are looking a lot better, and inflation has come down steadily. This time last year it was over 34 percent, and now we are around 16 percent,” he said.

    He described the return to stability as a turning point for long-term growth. “A year and a half or two years ago, there was a lot of instability in our markets. When markets are unstable, investors who would normally invest stay away. Now we have moved from instability to stability. After stability comes investment, and after investment comes growth.”

    According to him, recent GDP figures signal that growth momentum is returning. “If you look closely, you will see that growth has returned over the last couple of quarters. With stability now achieved, investor confidence rises, investment follows, and the issues you mentioned become easier to address.”

  • Edun, Cardoso, others to discuss economy at shareholders’ conference

    Edun, Cardoso, others to discuss economy at shareholders’ conference

    The Independent Shareholders Association of Nigeria (ISAN) has concluded arrangements for its eighth Triennial Delegates Conference.

    The conference with the theme: “Nigeria, Towards $1 Trillion Economy by 2030,” is scheduled for next week and will be chaired by the Minister of Finance and Coordinating Minister of Economy, Mr Wale Edun, as the Guest Speaker.

    National Coordinator of ISAN, Mr Moses Igbrude, in a statement in Lagos, listed other speakers at the conference to include the Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, Mr Olusegun Ayo Omosehin – Commissioner for Insurance and

    Dr Martin Ikpehai – President, Information Security Society of Africa-Nigeria and Mr. Gabriel Idahosa, the President & Chairman of Council, Lagos Chamber of Commerce and Industry.

    According to him, the triennial conference will attract delegates of the association from the operational zones and other stakeholders as participants.

    He added that the highlights of the triennial conference would be the association’s Annual General Meeting and elections of the national officers, among others.

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    He said the association organises conferences and seminars to educate government, stakeholders in the economy as well as the general investing public on issues of national economic importance.

    Igbrude noted that such conferences and seminars attract world class speakers, professionals, top government functionaries, capital market bodies, captains of industries and regulators.

    “We are actively involved in advising the government on policies relevant to the nation’s economy, more especially the capital market,” he said.

    The Independent Shareholders Association of Nigeria is the foremost shareholders’ advocacy group in Africa. It is duly registered with the Corporate Affairs Commission of Nigeria and has over 10,000 members spread across the six geo-political zones of Nigeria and some overseas branches, UK and USA.

    Its mission is to encourage the growth of the economy, the capital market, protect shareholders’ interests and advocate for good corporate governance especially in publicly quoted companies.

  • Nigeria’s economic reforms yielding visible results – Cardoso

    Nigeria’s economic reforms yielding visible results – Cardoso

    The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says the country’s economic reforms are yielding visible results.

    Cardoso said this on Friday in Washington DC at the end of the Annual Meetings of the IMF/World Bank.

    He said that the reforms were placing the country on the path to stability, inclusiveness, and innovation-driven growth.
    .
    According to him, the country’s active participation in the week-long sessions demonstrated the country’s renewed credibility, fiscal discipline, and reform momentum on the global stage.

    He said that the Nigerian delegation’s message of policy consistency and macroeconomic reform had been well received by global investors, development partners, and financial institutions.

    “This has been an active and forward-looking week for Nigeria.

    “Amidst global uncertainty marked by slowing growth and volatile markets, our engagements here reaffirmed that Nigeria is moving in the right direction, towards macroeconomic stability, fiscal discipline, and inclusive growth,” he said

    The CBN governor said that the engagements reflected a new tone of confidence and constructive partnership.

    He said that there was a broad recognition that Nigeria’s reforms were delivering results, adding that Inflation was moderating.

    “The exchange rate stabilized, and investor confidence is returning,” he said.

    Read Also: ‘Inflation will keep dropping, Cardoso assures

    He said that headline inflation fell for the sixth consecutive month in September to 18.02 per cent from 20.12 per cent in August, the lowest in three years.

    According to him, core and food inflation also eased during the same period, reflecting the combined effects of disciplined monetary tightening, exchange rate unification, and improved market transparency.

    He said that Nigeria’s foreign reserves now exceeded 43bn dollars, providing for 11 months of import cover.

    “The naira has continued to strengthen with the gap between official and parallel market exchange rates narrowing to less than two per cent.

    “These outcomes have been supported by sustained capital inflows, increased diaspora remittances and renewed investor participation across multiple asset classes,’” he said.

    (NAN)

  • ‘Inflation will keep dropping, Cardoso assures

    ‘Inflation will keep dropping, Cardoso assures

    Nigeria’s inflation rate has dropped to its lowest level in three years with the Central Bank of Nigeria (CBN) expressing confidence that the downward trend will continue in the coming months.

    Governor of the CBN, Mr. Olayemi Cardoso, speaking at the ongoing Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, said the Bank expects inflation “to continue to trend downward in the near term, supported by tight monetary conditions, a stable naira, and increased food supply.”

    He assured that the CBN “remains committed to strengthening the disinflation trend,” through a mix of policy measures that include exchange rate stability, sustained improvements in food supply, and moderation in petroleum product prices.

    Nigeria’s headline inflation fell for the sixth consecutive month in September 2025, easing to 18.02 percent, according to the latest figures from the National Bureau of Statistics (NBS). 

    The report also showed that core inflation slowed to 19.53 percent while food inflation moderated to 16.87 percent within the same period.

    This represents a major turnaround from the inflationary peak of 34.19 percent recorded in June 2024 — a period marked by sharp currency depreciation, fuel price adjustments, and elevated global commodity costs. 

    The improvement reflects the impact of the CBN’s decisive monetary policy measures aimed at restoring price stability and anchoring expectations.

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    To contain inflationary pressures, the CBN had raised the Monetary Policy Rate (MPR) from 18.75 percent to 27.50 percent through an aggressive tightening cycle. The Cash Reserve Ratio (CRR) was also raised to 50 percent for commercial banks and 16 percent for merchant banks to mop up excess liquidity from the banking system.

    At its September 2025 Monetary Policy Committee (MPC) meeting, the Bank slightly eased its stance, cutting the MPR by 50 basis points to 27.00 percent and reducing the CRR for commercial banks to 45 percent, while maintaining what it described as a “firm anti-inflationary posture.”

    The CBN’s tightening measures have been complemented by reforms in the foreign exchange (FX) market, particularly the exchange rate unification and improved transparency mechanisms aimed at better price discovery.

    As a result, the naira has stabilised with the spread between the official and Bureau de Change (BDC) rates narrowing to below 2 percent. 

    This stability, coupled with improved liquidity in the FX market, has reduced the pass-through of imported inflation and reinforced the broader disinflation process.

    Nigeria’s foreign reserves have also remained strong, standing above $43 billion, enough to cover more than eleven months of imports, supported by consistent inflows from remittances, portfolio investment, and oil export earnings.

    Analysts believe that the sustained decline in inflation reflects growing policy credibility and a gradual restoration of confidence in the economy. The next few months, they say, will be critical in determining how effectively the CBN balances its twin objectives of price stability and economic growth.

  • Cardoso leads Nigeria’s delegation to World Bank/IMF annual meetings in Washington

    Cardoso leads Nigeria’s delegation to World Bank/IMF annual meetings in Washington

    Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, will lead Nigeria’s delegation to the 2025 Annual Meetings of the World Bank and International Monetary Fund (IMF), which open in Washington D.C. on Monday, October 13.

    A statement issued by the Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, on Sunday, said Mr. Cardoso, who serves as the alternate Governor for Nigeria at the Bretton Woods institutions, will be representing the country in place of the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, who is currently indisposed.

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    The Nigerian delegation will also include the Minister of State for Finance, Dr. Doris Uzoka-Anite, among other senior officials.

    According to the World Bank, highlights of this year’s meetings include the Development Committee Plenary session on October 16 and the International Monetary and Financial Committee (IMFC) meeting scheduled for October 17.

    Other key events will feature regional briefings, high-level policy discussions, and press conferences focusing on global economic trends, international development, and financial market stability.

    The annual gatherings of the World Bank and IMF provide a vital platform for global economic policymakers to assess international financial developments, coordinate fiscal and monetary strategies, and strengthen multilateral cooperation on development priorities.

  • Cardoso: CBN implementing Tinubu’s reforms to strengthen Nigeria’s economy

    Cardoso: CBN implementing Tinubu’s reforms to strengthen Nigeria’s economy

    Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the apex bank is steadily driving President Bola Tinubu’s economic reforms through targeted policies and initiatives aimed at stimulating growth and deepening financial inclusion.

    Cardoso stated this on Tuesday in Uyo, Akwa Ibom State, during a one-day CBN Fair themed “Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth, and Accelerated Economic Development.”

    He was represented by the Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali.

    According to him, the implementation of key CBN initiatives has begun to yield positive results, including increased foreign investment inflows, improved trade balances, and notable progress in financial inclusion across the country.

    Mrs. Ali noted that among the major reforms undertaken, the CBN has unified the exchange rate to minimize arbitrage and reduce volatility in the foreign exchange market, successfully clearing over $7 billion in verified forex backlogs.

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    She added that the ongoing recapitalization of banks is designed to strengthen the resilience and global competitiveness of Nigeria’s banking sector, positioning it to support the administration’s ambition of building a $1 trillion economy.

    She informed that, “The CBN has launched a non-resident BVN to connect Nigerians abroad with home banking facilities.

    “The BMatch System has been introduced for forex trading to enhance market integrity and facilitate better price discovery.

    “CBN has unveiled a vision to accelerate digital transformation, broaden financial inclusion, and minimize downtime for faster and safer transactions.

    “A 75% CRR on non-TSA public sector deposits has been introduced to enhance liquidity management and mitigate potential inflationary pressures.”

    Uyo Branch Controller of CBN, Mrs. Njideka Nwabukwu, pledged to uphold the CBN’s mandate in supporting the economic aspirations of Akwa Ibom State through effective stakeholder engagement, financial literacy campaigns, and seamless service delivery.

    “One of the key objectives of this fair is to sensitize the public on various initiatives of the CBN while creating a platform to receive valuable feedback that will help us improve our service delivery and policy implementation”, she said.

    She encouraged participants to actively engage in the various sessions to take advantage of the information and opportunities presented at the fair.

  • Cardoso: Cleared $7bn backlogs aiding FX inflows into economy

    Cardoso: Cleared $7bn backlogs aiding FX inflows into economy

    • Says Naira debit-card use abroad ‘transformative’

    The Central Bank of Nigeria (CBN’s) decision to clear over $7 billion unsettled FX backlogs raised investors’ confidence in the economy, supporting dollar inflows and foreign reserves accretion, the CBN Governor, Olayemi Cardoso has announced.

    He spoke yesterday at the Inaugural Lagos Business School Lecture Theme: “Next Generation Leadership in Monetary Policy & Nation Building” held in Lagos.

    The CBN boss said although he had no idea where the funds for the backlog clearance would come from when he assumed office, he believed it was the right thing to do, and gave investors his word.

    He said: “Credibility is at the heart of any central bank. If you don’t have credibility, people do not trust you and they do not invest in your economy. When I took office, I made a promise we would pay the backlog, the verifiable backlog of monies that were owed by Nigeria to third parties.”

    “And it was, at the time, estimated at over $7 billion US dollars. And to be honest with you, I had no idea how I was going to do it, but I just felt it was not something to be negotiated.”

    Cardoso explained that Nigeria needed to ensure that its integrity is maintained.

    He said the apex bank started with a forensic audit to understand the issues better and based on the recommendations, the backlog of foreign exchange transactions was paid, which was a huge sacrifice.

    He explained that as a going concern, the CBN knows that if it expected people to continue to trust and invest in our economy, you’ve got to keep your promises.

    “I have no idea in my mind either that that particular action contributed in no small way, and it may not appear to many as such, but it contributed in no small way to the rise in foreign exchange reserves that we have been able to acknowledge,” he stated.

    Cardoso said the increased forex liquidity has supported naira stability and made it easier for many commercial banks to approve use of their naira-debit cards abroad.

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    He said the use of naira-debit cards abroad is definitely a step in the right direction. It’s transformative. It is here to stay, and you can be sure that going forward, you will continue to see this kind of initiative in the country.

    He said “the event marks the first edition of the Central Bank of Nigeria Governor’s Lecture, part of our new Knowledge Acceleration and Thought Leadership Series.

    “This platform is a deliberate effort to bridge policy and practice, and to nurture a culture of informed, values-driven leadership. It is also the first of what we hope will become a series of engagements with institutions of higher learning across Nigeria,” he said.

    Cardoso disclosed that when he assumed office as Governor in 2023, Nigeria’s economy faced formidable headwinds.

    “Inflation was spiraling, external reserves were strained, investor confidence was shaken, and nearly every macroeconomic indicator was under pressure.

     It was a moment that demanded not just technical skill, but leadership rooted in courage, credibility, and accountability. We had to act decisively,” he said.

    To rein in inflation, the CBN tightened policy aggressively, raising rates by more than 800 basis points and strengthening liquidity management.

    “We restored orthodoxy by halting central bank financing of government beyond statutory limits and re-anchoring monetary policy on its core mandate. On foreign exchange, we introduced a willing-buyer, willing-seller framework, unified exchange rate windows, and cleared the backlog of verifiable FX commitments, restoring market confidence,” he said.

    “We strengthened reserves, now standing above $42 billion, and created new channels for diaspora remittances and investments, including the Non-Resident BVN platform, which allows Nigerians abroad to open accounts seamlessly from anywhere in the world,” he said.

    Continuing, he said the real task is to ensure that these hard-won gains translate into durable prosperity, especially for the next generation. And this is where leadership becomes critical.

    “That said, we cannot also ignore the reality that life remains hard for many Nigerians, nor deny that leadership has sometimes fallen short. Yet reputation matters. When it falters, confidence weakens and opportunities narrow, but when it is rebuilt, confidence returns, capital flows, and stability takes root.

    “I have seen this at the Central Bank, where restoring credibility has opened new possibilities. And it is you, the next generation of Nigerians, who will carry this reputation forward, shaping how our nation is seen, and showing the world a nation that is resilient, creative, and determined to rise,” he stated.

  • Cardoso cautions against Naira spray, hawking, mutilation

    Cardoso cautions against Naira spray, hawking, mutilation

    The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has cautioned Nigerians against spraying, hawking and mutilating the Naira, warning that such acts amount to disrespecting the nation’s symbol of sovereignty.

    Cardoso, who was represented by the Acting Director, Corporate Communications Department of the CBN, Mrs. Hakama Sidi Ali, gave the warning yesterday at the CBN Fair held in Kaduna.

    The Fair, themed: “Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic Development,” was organised to strengthen public understanding of the Bank’s policies and their role in driving economic stability.

    The CBN boss said the theme was deliberately chosen to spotlight the link between financial inclusion and the growth of Small and Medium Enterprises (SMEs), which are critical to price stability and overall economic development.

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    “I urge everyone here to rely only on information disseminated through verifiable official channels of the Central Bank of Nigeria,” he said.

    “I also encourage you to respect and keep the Naira clean. Do not spray, hawk, mutilate or counterfeit the Naira. It is our critical national symbol,” he said.

    According to him, the Fair was part of the ongoing sensitisation to show how the Bank’s policies impact lives, businesses, and national growth. He stressed that the Bank remains committed to stimulating productivity, ensuring financial inclusiveness, and maintaining monetary and price stability.

    He noted that recent reforms by the apex bank have begun yielding results, including an increase in foreign investment inflows, improved trade balances, and significant progress in financial inclusion.

    Cardoso listed major policy interventions such as the unification of exchange rates to curb arbitrage, clearance of over $7 billion verified FX backlog, and the ongoing bank recapitalisation exercise aimed at strengthening the sector for global competitiveness and supporting Nigeria’s $1 trillion economy vision.

    He also highlighted the launch of the Non-Resident BVN for Nigerians abroad, the Nigeria Payments System Vision 2028 to accelerate digital transformation, and the Unified Complaints Tracking System (UCTS) alongside a USSD code (*959#) for verifying licensed financial institutions.

    Speaking earlier, CBN Controller, Kaduna Branch, Ahmad Dalhatu, said the Fair is one of the apex bank’s flagship enlightenment programmes designed to deepen financial literacy, promote transparency, and build trust between the Bank and Nigerians.

    Dalhatu urged participants to actively engage, stressing that the CBN Fair has become a channel not only to explain policies but also to listen to citizens’ concerns and feedback.

    “As we navigate the evolving economic landscape—both globally and locally—the need for increased public awareness of monetary policy, financial inclusion, consumer protection, and digital payments cannot be overemphasised,” he said.