CBN and Bank of Angola Sign MoU for Technical Cooperation

The Central Bank of Nigeria (CBN) and the Bank of Angola signed a Memorandum of Understanding (MoU) during the IMF and World Bank annual meetings. The agreement aims to strengthen technical cooperation, improve regulatory coordination, and enhance the capacity of central banks in both countries.

The MoU signifies a significant milestone in fostering regional cooperation among African central banks. Key areas of cooperation include financial market supervision, foreign reserve management, currency operations, economic research, and more.