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Senate panel questions CBN on inflation, bank recapitalisation, foreign reserves, other monetary policies

Senate panel questions CBN on inflation, bank recapitalisation, foreign reserves, other monetary policies

By GhanaSummary NewsroomNigeria

“With recapitalisation now completed, our focus has shifted towards ensuring that stronger capital translates into improved governance, enhanced risk management and support for productive noted that inflation had moderated earlier in the year and conditions in the foreign exchange market improved before the Middle East crisis triggered fresh inflationary pressures.

Earlier, Mr Abiru noted that inflation had moderated earlier in the year and conditions in the foreign exchange market improved before the Middle East crisis triggered fresh inflationary pressures.“When I last appeared before this distinguished committee in December 2025, I reported encouraging progress in inflation moderation, foreign exchange market stabilisation, external reserves accumulation, reform of market infrastructure and significant advances in the banking sector recapitalisation programme.

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