Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has formally received the prestigious Central Bank of the Year Award at the Central Banking Awards ceremony held in London, dedicating the honour to the Board, management, and staff of the apex bank for their commitment to institutional reforms and economic stability.
Speaking at the award ceremony on June 10, 2026, Cardoso described the recognition as a collective achievement rather than a personal accolade, praising the dedication and professionalism of CBN employees whose efforts, he said, have strengthened the institution and enhanced confidence in Nigeria’s economy.
“I accept this award on behalf of the Board, Management and staff of the Central Bank of Nigeria. Above all, it belongs to the many dedicated professionals who serve our institution with integrity, expertise, and an unwavering commitment to the public good,” he said.
The CBN Governor expressed appreciation to Central Banking Publications and the award judges for the recognition, while also congratulating other institutions and individuals honoured at the event.
Cardoso noted that central banks across the world have faced significant economic challenges in recent years, with Nigeria confronting its own set of economic pressures and policy tests.
He said the CBN had implemented several difficult but necessary measures aimed at tackling inflation, reforming the foreign exchange market, and investing in critical digital and financial infrastructure to support long-term economic growth.
According to him, the Bank has recorded notable achievements, including Nigeria’s removal from the Financial Action Task Force (FATF) grey list and the successful completion of the banking sector recapitalisation exercise.
He added that these milestones were made possible through collaboration among various institutions and stakeholders.
Cardoso explained that the CBN’s reform agenda has remained focused on restoring confidence, strengthening institutional resilience, enhancing policy credibility, and laying the foundation for sustainable economic growth.
While acknowledging that challenges remain, he expressed optimism about the progress achieved so far and the growing confidence in the Nigerian economy.
The Governor attributed the gains to the support of the Federal Government, market participants, development partners, and the resilience of Nigerians.
“We receive this recognition with humility. We see it not as a destination, but as encouragement to continue the important work ahead,” he said.
Cardoso reaffirmed the Central Bank’s commitment to safeguarding financial and monetary stability, preserving public confidence, and discharging its mandate with integrity, professionalism, and accountability.
The award represents a significant international endorsement of the Central Bank of Nigeria’s reform efforts at a time when monetary and financial sector reforms remain central to the country’s economic recovery and long-term growth agenda.
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