CBN Makes Headway in Stabilizing the FX Market and Controlling Inflation, Says Cardoso








The Central Bank of Nigeria (CBN) is making progress in stabilizing the foreign exchange market and easing inflationary pressures. 


The Central Bank of Nigeria (CBN) is making progress in stabilizing the foreign exchange market and easing inflationary pressures. Cardoso, an HKS alumnus and the first African elected to the global HKS Alumni Board of Directors, reiterated the bank’s commitment to policy-driven solutions and strengthening trust in Nigeria’s financial system.


He noted that, despite ongoing challenges in Nigeria’s economy, key indicators suggest improvements in both the FX market and inflation. Cardoso also highlighted the value of international exposure, welcoming a delegation of 50 students from 19 countries—including representatives from Harvard Business School, MIT, and Stanford—as an opportunity to forge long-term alliances and promote thought leadership at the CBN.


Cardoso, an HKS alumnus and the first African elected to the global HKS Alumni Board of Directors, reiterated the bank’s commitment to policy-driven solutions and strengthening trust in Nigeria’s financial system.

He noted that, despite ongoing challenges in Nigeria’s economy, key indicators suggest improvements in both the FX market and inflation. 


Cardoso also highlighted the value of international exposure, welcoming a delegation of 50 students from 19 countries—including representatives from Harvard Business School, MIT, and Stanford—as an opportunity to forge long-term alliances and promote thought leadership at the CBN.


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