Summary
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Friday affirmed that Nigeria’s economy has grown significantly stronger, expressing confidence that the country is now more capable of absorbing external shocks than at any point in its history.
Cardoso stressed that Nigeria, alongside Ethiopia, is at the forefront of economic recovery across the African continent, noting that current indicators show measurable improvements fueled by ongoing reforms.
Speaking further, Cardoso highlighted the progress within Nigeria’s banking sector, stating that the positive momentum is expected to extend into 2026. According to him, the most recent stress test conducted on banks revealed that financial institutions remain solid and well-positioned to sustain stability in the subsector.
The CBN governor made these remarks in Lagos during his keynote address at the 60th annual dinner of the Chartered Institute of Bankers of Nigeria (CIBN), where he outlined how the apex bank’s interventions and policies have helped strengthen key areas of the financial market.
Cardoso also emphasised that the CBN remains committed to safeguarding the integrity of Nigeria’s domestic financial market. He noted that the regulator will continue undertaking the necessary measures to preserve stability, deepen investor confidence, and steer the system toward long-term growth.
What you should know
Olayemi Cardoso’s remarks underscore a renewed sense of economic confidence, backed by reforms that have strengthened Nigeria’s financial system and improved banking-sector resilience.
His message reflects a central push to maintain stability, protect the financial markets, and position Nigeria as a leading force in Africa’s recovery.
