Nigeria’s Central Bank Governor, Olayemi Cardoso, says the country’s economy is showing signs of stability and renewed investor confidence.

Speaking after the Central Bank’s 300th Monetary Policy Committee meeting on Tuesday, Cardoso noted the decision to retain the policy rate at 27.5% — the second hold in 2025 following a series of hikes in 2024.

He also referenced positive growth figures, including a 3.4% GDP growth in 2024, as reported by the World Bank.