CBN Signals Economic Reset as Inflation Drops, Reserves Rise

The Central Bank of Nigeria (CBN) has signaled a gradual economic reset as inflation rates decline and foreign reserves hit $50 billion. During the 37th Enugu International Trade Fair, Sidi Hakama, the CBN's Director of Corporate Communications and Investor Relations, reported that inflation peaked at 34.8% in late 2024 but decreased to 15.06% by the end of February 2026.

The CBN's reforms, which include a transparent foreign exchange regime and the removal of capital control restrictions, have led to a nearly 200% increase in capital investment inflows from 2023 to 2025. CBN Governor Mr.

Olayemi Cardoso emphasized the importance of a forward-looking, rule-based monetary policy framework to stabilize prices and cushion economic shocks. As of March 17, 32 banks have met new capital requirements ahead of the March 31, 2026 deadline, reflecting renewed confidence in Nigeria's financial system.

NNanyelugo Onyemelukw from the Enugu Chamber of Commerce cautioned that high-interest rates could undermine these gains.