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The Official page of the Central Bank of Nigeria.
'' a trusted and respected Central Bank promoting confidence in the economy''

The mandates of the CBN are as follows:

Ensure monetary and price stability;
Issue legal tender currency in Nigeria;
Maintain external reserves to safeguard the international value of the legal tender currency;
Promote a sound financial system in Nigeria; and
Act as Banker and provide economic and financial advice to the Federal Government.

23/10/2026

Nigeria’s Economic and Investment Opportunities | Beijing

Beyond growing trade, stronger Nigeria–China economic ties also depend on the confidence, financial infrastructure and partnerships needed to support long-term investment.

On October 22, 2026, the Central Bank of Nigeria (CBN), led by Governor Olayemi Cardoso, and ICBC Standard Bank co-hosted ‘Nigeria’s Economic and Investment Opportunities Sharing Session’ in Beijing, under the theme ‘Deepening Cooperation for a Shared Future’. The session brought together Chinese financial institutions, development finance institutions, investment funds and companies active in Nigeria.

The programme featured Nigeria Rising: Reformed, Resilient, Ready to Scale, a presentation on Nigeria’s reform agenda, macroeconomic progress and investment opportunities. A panel discussion followed, featuring perspectives from the CBN, Standard Bank Group, Flutterwave, Huawei’s Central Bank Business Unit and the China-Africa Fund for Industrial Cooperation.

Discussions focused on policy continuity and investor confidence, cross-border payments and local-currency settlement, and the role of financial innovation in supporting trade and investment. The presentation and panel connected Nigeria’s reform progress with the practical considerations of investors, financial institutions and businesses operating across both markets.

Coming a day after the CBN’s roundtable on the Nigeria–China financial corridor, the session broadened the programme’s focus from the practical challenges of trade and payments to wider opportunities for investment. Together with the CBN’s engagements in Singapore and at the IMF–World Bank Annual Meetings in Bangkok, the Beijing events form part of a coordinated approach across Asia to deepen financial relationships, strengthen market connectivity and support investment in Nigeria.

22/10/2026

Strengthening the Nigeria–China Financial Corridor

As economic ties between Nigeria and China deepen, the financial architecture supporting trade and investment must keep pace.

On October 21, 2026, the Central Bank of Nigeria (CBN) convened a roundtable in Beijing, bringing together Governor Olayemi Cardoso and business, financial and industry leaders active in the Nigeria–China corridor.

The discussion provided an opportunity to hear directly from businesses operating across both markets, explore ways to improve cross-border payments and settlement, and better understand the practical challenges affecting trade and investment flows.

The engagement also featured “Nigeria Rising: Reformed, Resilient, Ready to Scale”, a presentation highlighting Nigeria’s economic reform agenda, improving macroeconomic fundamentals and investment opportunities.

Building on previous engagements with stakeholders in Singapore and the IMF/World Bank Annual Meetings in Bangkok, the Beijing roundtable forms part of a wider CBN programme across Asia: in Singapore, on financial innovation and market connectivity; in Bangkok, alongside global policymakers at the Annual Meetings; and now in Beijing, on the practical work of strengthening payments, settlement and trade between Nigeria and China.

20/10/2026

How Central Banks Decide:

The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, participated in a panel discussion titled “How Central Banks Decide…Committee Decision-Making and Communication in an Era of Uncertainty” at the just-concluded Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), held in Bangkok, Thailand.

The panel was chaired by Mr. Dan Katz, First Deputy Managing Director, IMF, and featured Martin Schlegel, Chairman of the Governing Board of the Swiss National Bank, and Emmanuel Moulin, Governor of the Banque de France.

19/10/2026

CBN Governor Highlights Nigeria’s Economic Progress at IMF–World Bank Annual Meetings Press Briefing in Bangkok

At a press briefing marking the conclusion of the 2026 IMF–World Bank Annual Meetings in Bangkok, Thailand, on October 17, 2026, the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, highlighted Nigeria’s progress in restoring macroeconomic stability, rebuilding confidence and strengthening international financial partnerships.
Governor Cardoso noted that headline inflation declined to 14.63% in September 2026, from approximately 34.8% at the end of 2024. External reserves have exceeded US$55 billion, an 18-year high, while formal remittance inflows are approaching US$1 billion monthly. Through the banking sector recapitalisation exercise, banks have mobilised ₦4.65 trillion in fresh capital, largely from domestic investors. These gains have been accompanied by Fitch Ratings’ revision of Nigeria’s sovereign outlook from Stable to Positive.
Reflecting on the Annual Meetings, he pointed to bilateral discussions held with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, and with IMF First Deputy Managing Director Mr Dan Katz and World Bank Group President Mr Ajay Banga. He noted engagements with leading credit rating agencies and his participation in global policy discussions on economic resilience, monetary policy and artificial intelligence.
The Governor further outlined efforts to deepen Nigeria’s financial connectivity with Asia, including recent engagements in Singapore and a meeting with the Governor of the People’s Bank of China on cross-border payments, financial technology and trade finance, ahead of a visit to Beijing.
Looking ahead, Governor Cardoso reaffirmed the CBN’s commitment to sustaining disinflation, maintaining monetary and financial stability, and developing a deeper, more internationally connected financial system, with single-digit inflation remaining the medium-term objective.
“We came to Bangkok with evidence of Nigeria’s progress and leave with stronger international relationships and a clearer understanding of the opportunities ahead,” Cardoso said.

18/10/2026

SHARE YOUR EXPERIENCES: YOUR VOICE MATTERS!

The Central Bank of Nigeria (CBN) invites you to CBN Listens, a platform for engaging with the public, hearing your concerns, and addressing issues affecting payments and financial services.

Have you experienced challenges with electronic payments, failed transactions, bank charges, ATM withdrawals, or other financial services? This is your opportunity to speak up, share your experiences, and engage directly with the CBN.

Together, we can identify challenges, strengthen consumer protection, promote trust in the financial system, and build a more robust, resilient and inclusive financial system for sustainable economic growth.

📅 Thursday, October 22, 2026
🕘 9:00 AM
📍 Jogor Centre, Felicia Hall, No. 1 Harvester Drive, Off Liberty Road, New GRA, Ibadan, Oyo State.

Your concerns matter. Your experiences count. Let’s make the financial system work better for everyone.

We look forward to hearing from you!

Can’t make it in person? we will be LIVE on Facebook & YouTube.

FinancialServices

15/10/2026

Nigeria Rising

At the Nigeria Investor Presentation during the 2026 IMF/World Bank Annual Meetings in Bangkok, the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, and the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, engaged investors on the next phase of Nigeria’s economic agenda.

The session set out reforms across monetary policy, foreign exchange and market infrastructure, alongside the banking recapitalisation programme, which raised approximately ₦4.65 trillion.

A dedicated deal room showcased 65 transactions across sectors including power, transport, agriculture, manufacturing and technology.
Governor Cardoso reaffirmed single-digit inflation as the medium-term objective, noting that price stability and clearer policy guidance are central to sustaining confidence and supporting long-term investment.

14/10/2026

Africa Finance Corporation Appoints CBN Governor Yemi Cardoso as Chairman of the Board
Lagos, 14 October 2026

Africa Finance Corporation (AFC), the continent's leading infrastructure solutions provider, announces the appointment of Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), as Chairman of its Board of Directors. He succeeds the immediate-past Chair, Ireti Samuel-Ogbu, who served the Corporation meritoriously during her tenure and continues to serve as a board member.

Mr Cardoso brings extensive experience spanning international banking, investment management, economic policy and public sector leadership. Since assuming office as Governor of the CBN in September 2023, he has led a far-reaching programme of monetary, financial-sector, and institutional reforms to restore macroeconomic stability, strengthen policy credibility, and rebuild investor confidence in Nigeria’s economy.

Under his leadership, the CBN has implemented significant reforms to Nigeria’s foreign exchange market, addressed longstanding foreign exchange obligations, strengthened monetary policy transmission, and enhanced institutional governance and transparency. The Bank has also concluded a recapitalisation programme for the banking sector, aimed at strengthening the resilience and capacity of Nigeria’s financial system to support sustainable economic growth.

Prior to his appointment as Governor, Mr Cardoso built a distinguished career in international banking and public service, including a 12-year tenure as Chairman of Citibank Nigeria and service as Commissioner for Economic Planning and Budget in Lagos State. In the latter role, he contributed to economic planning and fiscal management in one of Africa’s largest economies. He holds a degree from Aston University in the United Kingdom and a master’s in public administration from Harvard Kennedy School, where he also served on the Alumni Board.

Mr Cardoso’s appointment comes as AFC continues to expand its role in financing and developing strategic infrastructure assets that address Africa’s infrastructure gap, accelerate industrialisation and strengthen regional integration. His experience in financial sector reform, institutional governance and capital markets will provide valuable perspective on the Corporation’s strategic direction as it mobilises investment to unlock Africa’s economic potential.

Samaila Zubairu, President & CEO of AFC, said: “We are delighted to welcome Mr Cardoso as our Board Chairman. He shares our conviction that Africa’s lasting stability depends on its productive capacity. His leadership will strengthen AFC as we advance The Africa We Build 2050, mobilising African capital to build the infrastructure and industries that create jobs, prosperity and dignity for our people. We also sincerely thank Mrs Samuel-Ogbu for her dedication and contribution to AFC's board during her tenure.”

Mr. Cardoso commented on his appointment, saying: “A more productive Africa is a more stable Africa. AFC has the credibility and track record to mobilise capital and build the infrastructure and industries that drive transformation. I look forward to working with the Board, management and member states to advance The Africa We Build 2050. Our measure of success must be the productive capacity we create, the industries we enable and the jobs we support.”

AFC continues to advance transformational infrastructure and industrial investments across Africa, with recent milestones including achieving financial close on the US$753 million Lobito Corridor Railway Project in Angola, to support the rehabilitation, upgrade, and long-term operation of the 1,300-kilometre brownfield rail corridor; supporting a US$600 million facility for Dangote Group’s US$7 billion fertiliser expansion programme to scale production in Nigeria; and committing to a combined US$300 million investment alongside Vision Invest in WIOCC Group to accelerate the expansion of critical digital infrastructure across the continent. These investments reflect AFC’s unique approach to developing strategic infrastructure platforms that connect markets, strengthen industrial value chains and mobilise capital at scale to drive Africa’s economic transformation.

13/10/2026

Beyond Stabilisation: Nigeria Sets Sights on Investment and Sustainable Growth at IMF–World Bank Meetings

With macroeconomic stabilisation providing a stronger foundation, Nigeria is turning its attention to the next phase of its economic agenda: strengthening financial markets, mobilising capital and creating the conditions for sustainable growth.

This forward-looking agenda featured in separate bilateral meetings with senior International Monetary Fund (IMF) and World Bank leadership on the sidelines of the 2026 IMF–World Bank Annual Meetings in Bangkok on Monday, October 12, 2026.

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, and the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, met with IMF First Deputy Managing Director, Mr Dan Katz, and World Bank President, Mr Ajay Banga.

Discussions with the IMF centred on Nigeria’s macroeconomic outlook, policy priorities and opportunities for continued technical cooperation, while the World Bank engagement focused on development financing, private sector participation, infrastructure, digital transformation and financial inclusion.

For the CBN, the priority is increasingly about what greater macroeconomic stability can enable: a more resilient financial system, deeper and more efficient financial markets, stronger investor confidence and improved financial connectivity with the global economy.

The joint engagements also reflected closer fiscal–monetary policy coordination, with both institutions working within their respective mandates to support a more predictable economic environment.

The CBN’s Deputy Governor, Economic Policy, Mr Philip Ikeazor, also participated, alongside senior officials from the Federal Ministry of Finance and the Bank.

Nigeria’s next chapter is about building on stability to unlock the full potential of its financial system and support long-term economic growth.

09/10/2026

CBN Takes Nigeria’s Reform Story to Singapore

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has completed a series of high-level engagements in Singapore to strengthen Nigeria’s financial connectivity with Asia.

The programme included discussions with the Monetary Authority of Singapore (MAS) on financial-sector development, regulation, market connectivity and innovation; the signing of a Memorandum of Understanding with the Global Finance & Technology Network (GFTN), establishing a framework for collaboration on financial innovation; and the Nigeria–Asia Financial Connectivity Dialogue, convened by the CBN with J.P. Morgan, Nigerian Exchange Group and FMDQ Group.

Speaking at the Dialogue, hosted at J.P. Morgan’s Singapore offices and opened by Managing Director of J.P. Morgan West Africa, Mr Dapo Olagunju, Governor Cardoso set out Nigeria’s ambition to build deeper, more liquid and internationally connected financial markets.

“The real test of reform is not whether you can attract capital once; it is whether you create the confidence for capital to stay, return and grow.” - Cardoso

Mr Cardoso reiterated that foreign-exchange reforms aim to remove distortions, restore transparency, and strengthen confidence in the rules governing market participation. He said stabilisation is not an end in itself, but a foundation for long-term institutional capital, stronger market infrastructure, and closer ties to international markets.

Cardoso also flagged fintech and AI as growing forces in financial services, risk management, inclusion, and regulatory capability, as well as opportunities in payments, settlement, and links between Nigerian and Asian banks.

Cardoso said Nigeria’s Asia engagement goes beyond attracting investment flows. He noted that it is about durable relationships between institutions, markets, businesses, and people, including Nigerians living and working across the region.

The engagements are part of a wider Asia programme that includes further meetings in Beijing.

NGX FMDQ
JPMorgan
FinancialInnovation
AsiaNigeria

08/10/2026

EPISODE 24 – DO YOU KNOW?

5 Thematic Areas of the Payments System Vision 2028 (PSV 2028)

Part 3/5 – Innovation, Digital Assets & Emerging Technologies

• Do you know? This third thematic area focuses on embracing emerging technologies to improve Nigeria’s payment systems while promoting appropriate regulation, security and trust.

• Innovation must be responsible. New technologies and solutions should be properly tested and assessed to ensure they are safe, secure and effective before being widely introduced to the public.

Watch this episode to learn more about how PSV 2028 is shaping the future of Nigeria’s payment system through innovation and emerging technologies.

Follow the Consumer Education Series for more practical insights to help you better understand, navigate and protect your money.

Let’s all stay informed.

DigitalPayments Innovation

Address

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