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CBN gov headlines Vanguard Economic Summit amidst Naira recovery


CBN has cleared another $400 million of valid FX backlog  — CardosoGovernor of Central Bank Bank, CBN, Mr. Yemi Cardoso, is set to lead discussions at the upcoming 2024 edition of the Vanguard Annual Economic Summit.

This is coming at the backdrop of signiery recorded in the foreign exchange market, following his landmark monetary policy and foreign exchange measures in the past seven months.

The Naira appreciated for the fourth consecutive week closing at N1,260 per dollar in the parallel market yesterday as against N1,890 at the end of February 2024.

Similarly, the Naira appreciated in the official market closing at N1,255.07 per dollar as against N1,760 in February.
Cardoso who has been implementing a series of reforms in the monetary space since July last year will be speaking on the Theme of this year’s event, ‘Reforms In The Era of Global Economic Uncertainties: Whither Nigeria?’.

Vice President, Federal Republic of Nigeria, Kashim Shettima, had earlier accepted to be Special Guest of Honour at the event scheduled for May 23, 2024, at Civic Center, Victoria Island, Lagos.

The Summit, an annual economic development thought leadership event hosted by Vanguard Newspapers has gained traction in the past seven years as a major public-private sector platform for reviews and cross-fertilization of economic development ideas by Nigeria’s public and private sector leaders.

Meanwhile the quality of discussions at the Panel Session would be reinforced by seasoned public and private sector executives including the Governor of Niger State, His Excellency Mohammed Bago, Director General of the Lagos Chamber of Commerce and Industry (LCCI), Mrs Chinyere Almona, Director General of the Budget Office of the Federation, Mr Ben Akabueze, President of the Nigeria Labour Congress, Comrade Joe Ajaero and the Managing Director of Financial Derivatives Co. Limited, Mr Bismarck Rewane.

The objective in general and the theme in particular is to inform and educate the stakeholders in the Nigerian economy, including foreign investors, on the fundamental issues, the policy options and current measures to address the economic challenges.

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