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The Central Bank of Nigeria (CBN) has made significant strides in promoting gender equality, with women now occupying 35% of director positions and half of the non-executive board. This milestone was celebrated at the grand finale of the International Women’s Day (IWD) celebrations at the CBN Head Office.

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Governor Olayemi Cardoso emphasised the bank’s commitment to achieving gender-balanced leadership, stating, “Increasing women’s representation in leadership is not just ethical; it is a strategic necessity; the rise of women in leadership at the CBN mirrors a global shift, where skilled and visionary female leaders are reshaping governance.” He added, “We at the CBN are proud to be part of this progress.

The appointment of six new female directors sets a record for the CBN, strengthening efforts to ensure diverse perspectives at the top. Cardoso acknowledged the contributions of women across the institution, particularly the newly appointed directors and his advisers, Dr. Daphne Dafinone, Dr. Nkiru Balonwu, and Ms. Shola Phillips.

Deputy Governor, Corporate Services, Ms. Emem Usoro, highlighted the urgency of the IWD 2025 theme, Accelerate Action, citing a World Economic Forum report that projects full gender parity may not be achieved until 2054. She called on institutions to remove structural barriers and create opportunities for women to sustain momentum in the pursuit of gender equity.

The event also featured the Inspiring Women Award, which recognised outstanding female staff across the CBN’s branches. Twenty-eight winners were selected from 806 nominations submitted nationwide. 

Deputy Governor Emem Usoro received the Amazon Award for her outstanding leadership, while ten female directors were celebrated as Trailblazers, and 18 others were honored for their exceptional contributions across the Bank

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