Governor Cardoso of CBN is thrilled with the naira's recent victories

Cardoso thinks the recent changes and policy initiatives of the CBN are what have caused the stability.Yemi Cardoso, the governor of the Central Bank of Nigeria (CBN), lauds the recent calm in the foreign exchange market.While delivering the press release following the 294th meeting of the Monetary Policy Committee (MPC) of the apex bank on Tuesday in Abuja, Cardoso made this statement.According to Cardoso, the stability is a result of the CBN's recent policy actions and reforms, which are geared towards restoring investors' confidence and attracting foreign investments. "The committee noted with satisfaction the level of stability achieved in the foreign exchange market in the last few weeks. This, in the view of members, reflects the impact of the CBN's recent policy actions and reforms, as well as increased transparency in the market.