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

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.