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Nigeria's reforms boosted forex reserves, stabilized the naira, and attracted investment through transparency and fintech advances.
Nigeria’s central bank governor Olayemi Cardoso said recent financial reforms have strengthened the country’s economic resilience, boosted investor confidence, and stabilized the naira amid rising foreign exchange reserves above $50 billion.
Key changes include improved forex market transparency, a new FX manual easing trade restrictions, and over 30 banks meeting updated capital requirements, with 28% of recapitalization funds from foreign sources.
The CBN finalized a Payments System Vision to advance digital and cross-border transactions, while diaspora remittances and inflation control have improved.
The central bank emphasized policy consistency, coordination with fiscal authorities, and fintech collaboration to sustain macroeconomic stability and attract long-term investment.
Las reformas de Nigeria aumentaron las reservas de divisas, estabilizaron la naira y atrajeron inversiones a través de la transparencia y los avances de la tecnología financiera.