On April 17, 2025, the American Business Council Nigeria (ABC) participated in a high-level forum hosted at the Nasdaq MarketSite in New York City, in collaboration with the Central Bank of Nigeria (CBN) and the Nigerian Exchange Group (NGX).
The event focused on sharing insights into Nigeria’s macroeconomic outlook and ongoing reform progress.CBN Governor Olayemi Cardoso presented the Bank’s 18-month reform agenda, which centers on monetary tightening, FX market transparency, and strengthening financial governance. He emphasized the Bank’s commitment to rebuilding credibility, noting, “We inherited a crisis of confidence, but we chose a different path.”
Deputy Governor Muhammad Sani Abdullahi highlighted encouraging indicators, including increased FX turnover, signs of disinflation, and rising external reserves.
Panelists from J.P. Morgan and Citi provided perspectives on Nigeria’s investment landscape, referencing renewed international interest spurred by improved economic fundamentals and governance.
