CBN Governor Cardoso to Strengthen Nigeria-China Payments
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso announced that Nigeria will pursue stronger cross-border payment arrangements with China during his upcoming visit to Beijing. This initiative aims to deepen financial cooperation and support bilateral trade and investment.
Cardoso made this announcement at a news briefing after Nigeria's participation in the 2026 Annual Meetings of the International Monetary Fund (IMF) and World Bank Group in Bangkok, Thailand. He met with Pan Gongsheng, Governor of the People’s Bank of China, to discuss enhancing financial cooperation, focusing on cross-border payments, settlement arrangements, financial technology, and trade finance.
The visit is expected to advance discussions on improving transaction ease between Nigerian and Chinese businesses. Although the CBN has not disclosed specific implementation plans or timelines, Cardoso emphasized the importance of consistent economic policies and effective coordination between fiscal and monetary authorities.
He also addressed Nigeria's economic outlook and the goal of achieving investment-grade ratings in the medium term.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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