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The Central Bank of Nigeria (CBN) has received the Nigerian Economic Society’s (NES) Distinguished Organisation Award for its institutional reforms and contributions to Nigeria’s macroeconomic stability and economic development.
The award was presented at the 67th Annual Conference of the NES, held in Abuja from September 7 to 10, 2026.
Director of the Monetary Policy Department, CBN, Dr Victor Oboh, received the award on behalf of the Governor, Olayemi Cardoso.
The recognition follows a series of reforms implemented by the apex bank over the past three years in the monetary, foreign exchange and financial sectors.
Among the measures highlighted were reforms to the foreign exchange market, clearance of longstanding foreign exchange obligations, the end of Ways and Means financing to the Federal Government, implementation of the Payment System Vision 2028 and recapitalisation of the banking industry.
The reforms, according to the organisers, have contributed to improvements in key economic indicators, including easing inflationary pressures, stronger external reserves and greater stability in the foreign exchange market.
The NES also noted that the gap between the official and parallel foreign exchange markets had narrowed to less than two per cent, while remittances, capital inflows and investor confidence had improved.
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The CBN attributed the developments to its ongoing efforts to restore confidence in the economy and strengthen the country’s monetary and financial system.
The award also comes shortly after the CBN was named Global Central Bank of the Year, adding to the international recognition of its reform programme.
Reacting to the NES award, Cardoso described it as an endorsement of the bank’s commitment to excellence, resilience and national development.
“The Distinguished Organisation Award is a testament to the Central Bank of Nigeria’s unwavering pursuit of excellence, institutional resilience, and commitment to national development,” the governor said.
He said the recognition further strengthened the bank’s resolve to promote macroeconomic stability, build a stronger financial system and support sustainable economic growth.
“As it continues to implement reforms and innovate to fulfil its mandate, the CBN remains firmly committed to building a stronger economy and a brighter future for Nigeria,” Cardoso said.
