CBN bags NES Award for economic reforms

By Babajide Komolafe

The Central Bank of Nigeria (CBN) has received the Nigerian Economic Society’s (NES) Distinguished Organisation Award in recognition of 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 at the CBN, Dr. Victor Oboh, received the award on behalf of the Governor of the apex bank, Mr. Olayemi Cardoso.

The recognition comes amid a series of reforms undertaken by the apex bank across the monetary, foreign exchange and financial sectors over the past three years.

Among the measures highlighted were reforms to the foreign exchange market, the clearance of longstanding foreign exchange obligations, the cessation of Ways and Means financing to the federal government, the implementation of the Payment System Vision 2028, and the recapitalisation of the Nigerian banking industry, aimed at creating a stronger, more resilient, and globally competitive financial system.

Speaking on the NES award, Cardoso described the recognition as an endorsement of the institution’s commitment to excellence, resilience and national development.

He stated: “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.

“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.”

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