CBN Gov. Cardoso Gives Update on Activities and Performance of the Nigerian Economy…see details

The Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has on Thursday 14th, December, 2023 given briefs to the National Assembly Joint committees on Banking, Insurance & Other Financial Institutions and Banking Regulations, on the activities of the CBN and the performance of the Nigerian economy

CBN Governor, Mr. Cardoso says the outlook for the domestic economy is expected to remain positive for the remainder of 2023 and for 2024.

He projects that inflation pressures may persist in the short term but are expected to decline in 2024; forecasts that exchange rate pressures are also expected to reduce significantly with the smooth functioning of the foreign exchange market.

Cardoso in his remarks also said that, CBN will consult widely with stakeholders on figures of recapitalization.

Hear him, “The CBN is striving to ensure that the financial sector is sound and stable to encourage investors and to create an enabling environment for economic activities to thrive, create employment and impact on the livelihoods of ordinary Nigerians”.