…foreign reserves climbs to $46.7bn
…16 banks meet/surpass recapitalisation thresholds
Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has said that Nigeria has “turned a decisive corner” in its economic reform journey, citing a sharp decline in inflation, stabilisation of the foreign exchange (FX) market, and renewed investor confidence as clear evidence that the country’s macroeconomic trajectory is improving.