The Central Bank of Nigeria on Tuesday said the recent stability in the foreign exchange market, rising foreign reserves and moderation in inflation are indications that its ongoing monetary reforms are beginning to yield positive results.
The CBN Governor, Olayemi Cardoso, represented by the Acting Director, Corporate Communications and Investor Relations Department of the CBN, Mrs Hakama Sidi-Ali, stated this at the CBN Fair held at the International Conference Centre, Gombe.
The fair, organised under the theme, “Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic Development,” was designed to deepen public understanding of the apex bank’s policies and initiatives.
Cardoso said headline inflation declined marginally from 15.93 per cent in May 2026 to 15.91 per cent in June, while core and food inflation also eased during the period.
He attributed the development to what he described as “disciplined monetary tightening, exchange-rate unification and improved market
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