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Nigeria central bank seeks to attract Chinese capital

By , based on Leadership

Nigeria central bank seeks to attract Chinese capitalGodwinPaya · CC BY-SA 4.0

The Central Bank of Nigeria is seeking to attract more Chinese capital to the country’s financial markets, notably to finance businesses and strengthen cross-border payments. Its governor, Olayemi Cardoso, discussed the cooperation after talks with his Chinese counterpart during the 2026 IMF and World Bank meetings in Bangkok, according to Leadership.

The Central Bank of Nigeria (CBN) is seeking to attract more Chinese capital to Nigerian financial markets to increase investment, improve access to long-term financing and strengthen cross-border payments. Its governor, Olayemi Cardoso, announced this at the close of the annual meetings of the International Monetary Fund and the World Bank in Bangkok, after talks with Pan Gongsheng, governor of the People’s Bank of China.

Olayemi Cardoso said Nigeria particularly wanted to attract Chinese investors to its financial instruments as part of deeper financial cooperation between the two countries, according to Leadership.

Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.

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