The Central Bank of Nigeria recently briefed the Senate Committee on Banking, Insurance, and Other Financial Institutions, presenting a positive economic outlook for H2 2025. Governor Olayemi Cardoso highlighted significant improvements in GDP growth, declining inflation, and a strengthening foreign exchange market, attributing the positive trajectory to key sectors like ICT and finance.
Senator Adetokunbo Abiru commended the CBN’s monetary policies, noting “remarkable macroeconomic improvements” and favorable global ratings from Fitch and S&P Global Ratings. Cardoso also reported that external reserves rebounded to US$46.7 billion, and diaspora remittances surged, with the outlook for 2026 remaining very positive.