The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has reiterated the bank’s dedication to restoring investor confidence and ensuring long-term macroeconomic stability through sustained reforms and institutional transformation.

In a post on his official X (formerly Twitter) account on Sunday, Cardoso stated that the CBN has made consistent progress in recent weeks, implementing critical reforms aimed at strengthening Nigeria’s financial system and enhancing economic resilience.

His tweet read, “In recent weeks, we have advanced several critical priorities that reflect the Central Bank we are building, one that is pragmatic, forward-looking, and people-centric.

“Whether deepening Nigeria’s global financial relationships or consolidating vital domestic reforms, our focus remains clear: to restore confidence, unlock opportunity, and lay the foundation for long-term economic stability.”

He described the launch of the Non-Resident Bank Verification Number platform on May 13 as a major milestone. Developed in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), the platform enables Nigerians in the diaspora to register for a BVN remotely, enhancing financial inclusion while upholding robust regulatory safeguards.

The apex bank governor also noted that at its 300th meeting held from May 19 to 20, the Monetary Policy Committee voted to retain all key monetary policy parameters, including the Monetary Policy Rate at 27.5% and the Cash Reserve Ratio at 50% for Deposit Money Banks.

He explained that the decision was aimed at consolidating recent macroeconomic gains, citing signs of moderating inflation, stabilising exchange rates, and improving external reserves.

Cardoso also disclosed that the Central Bank recently held a strategic board retreat in Akwa Ibom State to align its internal processes with its broader reform agenda. The retreat focused on building institutional capacity, improving governance structures, and accelerating the Bank’s digital transformation efforts.

He further acknowledged recent awards received by both the CBN and himself, describing them as validation of the Bank’s bold reform initiatives. These include the “Market Reform Initiative of the Year” by Nairametrics and “Central Bank Governor of the Year” at the 2025 African Banker Awards.