By Muhammad Mamman
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has applauded the latest assessment by S&P Global Ratings, which on Friday, 14 November 2025, revised Nigeria’s outlook from “stable” to “positive”.
Speaking at a strategic session in Abuja, Cardoso described the development as a clear endorsement of the CBN’s ongoing monetary reforms and its commitment to restoring macroeconomic stability. He noted that the positive rating reflects growing confidence in Nigeria’s economic direction and the effectiveness of policies implemented over the past year.
According to the CBN Governor, the institution has “brought stability back to the economy and become a beacon of hope”, particularly through improved monetary coordination, tightened regulatory oversight, and efforts to enhance transparency in the financial system.
Cardoso reaffirmed that the Bank will continue to prioritise price stability, exchange rate reforms, and policies that support sustainable growth, stressing that the latest S&P review signals that Nigeria is firmly on the path to stronger economic resilience.
