CBN Governor Yemi Cardoso Receives Global Banking Award

On June 10, 2026, Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), accepted the "Central Bank of the Year" award in London, acknowledging the hard work of the CBN team. Cardoso emphasized the importance of the apex bank's role in the financial ecosystem, particularly during a time marked by geopolitical shifts and economic challenges.

He noted that the CBN had successfully navigated Nigeria's economy back from the brink of hyperinflation and fiscal bankruptcy, which had been inherited by President Bola Ahmed Tinubu in May 2023. Cardoso's leadership has led to significant reforms, including a robust inflation targeting mechanism and an increase in foreign reserves to over $50 billion.

The CBN's efforts have been recognized by the International Monetary Fund (IMF), which praised the bank's reforms and their positive impact on market confidence and economic stability.