CBN Governor Cardoso Strengthens Ties with Asia in Singapore

Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), conducted high-level engagements in Singapore to enhance Nigeria's financial connections with Asia while en route to the IMF–World Bank Annual Meetings in Bangkok. His visit included discussions with the Monetary Authority of Singapore (MAS) focusing on financial-sector development and innovation.

The CBN signed a Memorandum of Understanding (MoU) with the Global Finance & Technology Network (GFTN) to foster cooperation on financial innovation, linking institutions in Nigeria and Singapore. At the Nigeria–Asia Financial Connectivity Dialogue, hosted by J.P.

Morgan, Cardoso expressed Nigeria's desire for deeper, more liquid financial markets, emphasizing recent reforms aimed at restoring transparency and confidence in the foreign-exchange market. He highlighted the importance of credible monetary policy and strong governance for attracting and retaining investment.

The event featured a panel discussion with key financial leaders, addressing capital formation and the infrastructure necessary for sustained international participation.