The Governor of the Central Bank of Nigeria (CBN), Mr. OLAYEMI Cardoso, has formally received the Central Bank of the Year Award at the Central Banking Awards ceremony held in London on Wednesday, June 10, 2026.
According to local media reports, Cardoso, in his acceptance speech, dedicated the award to the board, management, and staff of the CBN for their steadfast commitment to institutional reform and economic stability.
Cardoso also expressed appreciation to Central Banking Publications and the award judges for the recognition and congratulated fellow institutions and individuals honoured at the event.
He stressed that the award was not a personal achievement, but a testament to the collective efforts of the entire Central Bank of Nigeria, particularly the professionals, whose dedication, integrity, expertise often exercised away from public attention and have strengthened the Bank and reinforced confidence in Nigerian economy.
“I accept this award on behalf of the board, management, and staff of the Central Bank of Nigeria,” Cardoso said.
“Above all, it belongs to the many dedicated professionals who serve our institution with integrity, expertise, and an unwavering commitment to the public good.”
Reflecting on the global economic landscape, Cardoso explained that recent years had presented significant challenges for central banks worldwide, with Nigeria facing its own share of the economic pressures and policy tests.
He highlighted several difficult but necessary measures undertaken by the CBN, including the efforts to address elevated inflation, implement major reforms in the foreign exchange market and invest in critical digital and financial infrastructure to support the country’s long-term economic development.
Cardoso also pointed to key milestones achieved during the period, including Nigeria’s removal from the Financial Action Task Force (FATF) grey list and the successful completion of the banking sector recapitalisation exercise.
He noted that these accomplishments reflected the collaborative efforts of multiple institutions and stakeholders.
According to him, the reform agenda of the CBN has been guided by a clear objective: restoring confidence, strengthening institutional resilience and policy credibility, while laying a solid foundation for sustainable economic growth.
While acknowledging that significant work remains ahead, Cardoso expressed optimism about the progress made so far and the renewed confidence emerging across the economy.
He attributed these gains to the support of the Federal Government of Nigeria, market participants, development partners and most importantly, the resilience and confidence of the Nigerian people.
“We receive this recognition with humility,” he said. “We see it not as a destination, but as encouragement to continue the important work ahead.”
Cardoso reaffirmed the CBN’s commitment to preserving public confidence, safeguarding financial and monetary stability and fulfilling its mandate with integrity, professionalism and accountability.
The award represents significant international recognition for the Central Bank of Nigeria at a time when monetary and financial sector reforms remain central to the country’s economic recovery and long-term growth agenda.
GIK/APA