By Danjuma Amodu| March 19, 2026
London – Nigeria’s old financial system is “dead and buried,” Central Bank Governor Olayemi Cardoso declared at The Peninsula London, signalling a shift towards capital mobilisation and transparency.
Addressing the Africa Capital Forum during President Bola Tinubu’s UK State Visit, Cardoso noted the country has emerged from a severe crisis, with 11 months of consistent disinflation following a peak of 37 percent inflation.
Speaking to global financiers, Cardoso highlighted the Central Bank’s efforts to bring liquidity and transparency to the financial system.
“What we have now is a new system that has brought liquidity and transparency,” he told EBRD President Odile Renaud-Basso.
