CBN Governor: Nigeria's Inflation Falling, FX Market Stabilizing, Economy Recovering

29 Nov 20251 min read

The CBN Governor, Cardoso, revealed positive economic indicators in Nigeria, with inflation dropping from 34.6% in November 2024 to 16.05% in October 2025. The FX market is stabilizing, with measures to reduce arbitrage and boost investor confidence.

The CBN has settled a multi-billion dollar FX backlog, leading to increased investor inflows. Cardoso emphasized the country's journey towards economic reform and the strengthening of regulatory oversight.

Plus234Feed summary based on reporting from NaijaNews. Read the original report below.

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