At the peak of the turbulence, the challenge before the Central Bank of Nigeria was not simply to inject liquidity into the system, but to restore trust in the market.
The Central Bank of Nigeria (CBN) has signalled tougher oversight of lenders following the completion of the N4.65tn banking recapitalisation exercise, aimed at strengthening governance, risk controls, and board accountability.
That was the dilemma facing the Central Bank of Nigeria at the height of the foreign exchange crisis: how to sustain difficult reforms in an environment defined by volatility, speculation, and public anxiety.
Few institutions in Nigeria carry as much influence over daily life as the Central Bank of Nigeria (CBN). Its decisions affect inflation, exchange rates, lending costs, savings, jobs, investment flows, and the broader confidence investors place in the country.
The Central Bank of Nigeria (CBN) says its reforms have cushioned the impact of global economic shocks, preventing Nigerians from experiencing more severe hardship
