Governor of the Central Bank of Nigeria, Olayemi Cardoso, has been honored as Central Bank Governor of the Year at the 2025 African Banker Awards held in Abidjan, Côte d’Ivoire
The prestigious recognition was announced during a gala event on Wednesday, with African Banker magazine praising Cardoso’s “bold and strategic” reforms that have helped restore confidence and stability in Nigeria’s financial system.
In a statement released by the Central Bank on Thursday, the Awards Committee credited Cardoso’s leadership for key policy moves, including efforts to stabilise the naira, enhance transparency in the foreign exchange market, and re-establish the credibility of monetary policy.
“These efforts have laid the groundwork for long-term macroeconomic resilience and renewed investor confidence,” the committee said.
Nkiru Balonwu, Adviser to the Governor on Stakeholder Engagement and Strategic Communication, accepted the award on Cardoso’s behalf. She was joined by Victor Oboh, Director of Monetary Policy; Olubukola Akinwumi, Director of Banking Supervision; and Aloysius Uche Ordu, a member of the Monetary Policy Committee.
The organisers noted that the award reflects recognition of Cardoso’s recent achievements and the Central Bank’s role in tackling market imbalances while repositioning the Nigerian economy for sustainable growth.
Now in its 19th year, the African Banker Awards are organised by African Banker magazine in partnership with the African Development Bank Group and celebrate excellence in African finance across both public and private sectors.
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