CBN Aims to Enhance Banking Relations with China
The Central Bank of Nigeria (CBN) is actively seeking to eliminate barriers to cross-border payments and strengthen banking relationships with China. This initiative follows a high-level engagement with business leaders from both countries during a roundtable held at the Pan Pacific Beijing on October 21, 2026.
The event, themed “Strengthening the Nigeria–China Financial Corridor,” involved discussions on transaction difficulties and opportunities for expanding financial flows and investment. CBN Governor Olayemi Cardoso emphasized the importance of direct engagement with businesses to understand the constraints affecting financial activities.
The deputy governor for Economic Policy, Philip Ikeazor, delivered the opening remarks, outlining the roundtable's objectives. Nigeria’s Ambassador to China, Lt.-Gen. Abdulrahman Bello Dambazau (retd.), also spoke at the event.
Key issues discussed included the need for efficient cross-border payment systems and a stronger Nigerian banking presence in China. The CBN did not announce any concluded agreements or new payment systems during the meeting.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
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