Market News
CBN, NGX unveil reforms to attract global capital - PUNCH
Nigeria’s financial regulators and market operators gathered at the Nasdaq MarketSite in New York recently to present the country’s economic outlook, focused on reforms aimed at attracting global capital.
In a statement made available to our correspondent on Sunday, the event, hosted by the Central Bank of Nigeria in partnership with the Nigerian Exchange Group, JPMorgan, and the African Private Capital Association, brought together investors, corporate executives, and members of the Nigerian diaspora to discuss Nigeria’s macroeconomic reforms and capital market development.
According to the statement, the Central Bank of Nigeria Governor, Olayemi Cardoso, outlined the apex bank’s monetary policy strategy, growth outlook, and efforts to strengthen the financial market.
He emphasized the CBN’s focus on disciplined policy management, market-oriented reforms, and transparency to create a stable, investor-friendly economy.
“Our goal is to restore confidence, ensure price stability, and work with institutions like the NGX to build a strong and resilient financial system that supports long-term growth,” Cardoso said. He highlighted the role of collaboration between regulators and market operators in mobilising private capital and achieving sustainable development.
It added that the Deputy Governor of Economic Policy at the CBN, Muhammad Abdullahi, presented Nigeria’s foreign exchange market reforms and economic transformation plan.
The Group Managing Director/Chief Executive Officer of NGX Group, Temi Popoola, added that the engagement at Nasdaq marks an important step in Nigeria’s effort to regain investor trust, noting that the reforms are progressing to build the infrastructure that supports efficient, transparent capital markets.
