CBN Governor Affirms Commitment to Economic Stability

CBN Governor Olayemi Cardoso reiterates the bank's commitment to macroeconomic stability and strengthening the banking sector to position Nigeria as a top investment destination. Speaking at a forum in Lagos, Cardoso highlighted the progress made in the bank's recapitalization exercise, aiming to create a more resilient financial institution.

Despite elevated headline inflation, Cardoso emphasized the collective efforts to address inflation while maintaining financial stability. The CBN's focus remains on stabilizing the naira and facilitating corporate lending to boost investment in Nigeria.