CBN Bags NES Distinguished Organisation Award for Economic Reforms
Oru Leonard
The Central Bank of Nigeria (CBN) has received the Nigerian Economic Society (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 Bank, Mr. Olayemi Cardoso.
The recognition comes against the backdrop of a series of reforms implemented by the apex bank over the past three years across the monetary, foreign exchange and financial sectors.
Key measures highlighted include reforms to the foreign exchange market, clearance of longstanding foreign exchange obligations, the cessation of Ways and Means financing to the Federal Government, implementation of the Payment System Vision 2028 and the recapitalisation of the Nigerian banking industry.
The reforms, according to the organisers, are aimed at building a stronger, more resilient and globally competitive financial system while supporting macroeconomic stability.
The NES also noted improvements in key economic indicators, including easing inflationary pressures, strengthening external reserves and greater stability in the foreign exchange market.
It said the premium between the official and parallel foreign exchange markets had narrowed to less than two per cent, while remittance and capital inflows, as well as investor confidence, had improved.
The CBN attributed the developments to ongoing policy measures designed to restore confidence in the Nigerian economy and strengthen the country’s monetary and financial system.
The NES award comes shortly after the CBN’s emergence as Global Central Bank of the Year, further adding to international recognition of the bank’s reform programme and policy initiatives.
Reacting to the latest recognition, Cardoso described the award as an endorsement of the CBN’s commitment to excellence, institutional 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 added that the recognition reinforced the Bank’s commitment to maintaining macroeconomic stability, strengthening the financial system and promoting 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.
