Yemi Cardoso, CBN GovernorThe Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that the Bank’s decision to implement the Electronic Foreign Exchange Matching System (EFEMS) is rooted in the understanding that trust is essential to central banking.
“By enhancing transparency and providing more accurate oversight of forex transactions, we send a strong signal that the CBN is serious about fair and efficient markets,” he added.
While noting that containing inflation remained the Bank’s core mission, he acknowledged that the CBN was yet to meet its target.
Highlighting key leadership lessons, Cardoso said: “Leading through challenging times means avoiding the temptation to take on too many initiatives.
The Central Bank must focus on its core mandate—price stability.
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