Nigeria’s central bank seeks smoother payments with China
By the AFREEQUE newsroom, based on Daily Post
The Central Bank of Nigeria brought together Nigerian and Chinese business and financial leaders to improve cross-border payments and boost investment between the two countries. The roundtable was held in Beijing on 21 October 2026, with Governor Olayemi Cardoso stressing the importance of direct engagement with businesses, according to a central bank statement.
The Central Bank of Nigeria (CBN) brought together Nigerian and Chinese business leaders and financial-sector representatives to identify measures to facilitate cross-border payments and investment between the two countries. The meeting took place on Wednesday 21 October in Beijing at a roundtable on the Nigeria-China financial corridor, according to a CBN statement cited by Daily Post.
CBN Governor Olayemi Cardoso said direct engagement with businesses would help identify obstacles to transactions and opportunities to deepen financial markets. Deputy Governor for Economic Policy Philip Ikeazor called for Nigeria’s improved macroeconomic fundamentals to be translated into increased investment and more developed financial markets.
Nigeria’s ambassador to China, retired Lieutenant-General Abdulrahman Bello Dambazau, and business leaders Festus Mbisiogu and Diana Chen took part in the discussions. Participants examined practical difficulties affecting financial operations between the two economies, according to Daily Post.
The meeting is part of the central bank’s efforts to attract Chinese capital, an approach it had already announced on 18 October through the Central Bank of Nigeria.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
