CBN Gov, Cardoso, assures Nigerians of efforts to strengthen Naira, acknowledges challenges

Central Bank of Nigeria (CBN) Governor Dr. Olayemi Cardoso on Thursday, Nigerians to remain patient as the bank works to tackle the depreciation of the Naira.

Speaking through Dr. Usman Opanachi of the CBN’s Monetary Policy Department at the Nigerian Economic Society’s public lecture on “Recent Developments in the Nigerian Foreign Exchange Market,” Cardoso acknowledged the challenges and expressed confidence in finding solutions.

Cardoso emphasized the bank’s commitment to strengthening the Naira, stating, “Anytime the Naira is on trial, the CBN is also on trial. We are working day and night to address the challenges.”