…Say exchange rate gap disappearing
The naira has stabilised at a more sustainable level, with the gap between the official and parallel market exchange rates disappearing, thanks to disciplined reforms undertaken by the Central Bank of Nigeria (CBN), according to Olayemi Cardoso, apex bank’s governor.
Speaking at the conclusion of the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington D.C. weekend, Cardoso attributed these positive developments to the government’s steadfast commitment to reforms and greater policy clarity.