Governor of Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, don do high-level engagements for Singapore. Di aim na to strengthen Nigeria financial connectivity with Asia through institutional cooperation, financial-market development and innovation.
Di engagements include discussions with Monetary Authority of Singapore (MAS), signing of Memorandum of Understanding (MoU) with Global Finance & Technology Network (GFTN), and Nigeria–Asia Financial Connectivity Dialogue. CBN convene di dialogue with J. P. Morgan, Nigerian Exchange Group (NGX) and FMDQ Group.
CBN tok say di engagements show how dem dey focus on translating Nigeria financial-sector reforms into stronger international partnerships, deeper markets and practical channels for investment, trade and financial innovation.
For di talks with MAS, di CBN delegation exchange perspectives on financial-sector development, regulation, market connectivity and innovation. Dem identify areas for continued engagement and potential collaboration.
CBN and GFTN also sign MoU wey establish framework for collaboration on financial innovation. Di MoU provide basis for connecting relevant institutions and innovation ecosystems, and identifying practical opportunities for cooperation.
For di Nigeria–Asia Financial Connectivity Dialogue, Cardoso outline Nigeria ambition to build deeper, more liquid and internationally connected financial markets. He position recent reforms as foundation for a new phase of market development.
He tok say foreign-exchange reforms aim to remove distortions, restore transparency and strengthen confidence in rules wey govern market participation.
Cardoso tok say di real test of reform no be whether you fit attract capital one time; na whether you create confidence for capital to stay, return and grow.
Cardoso tok say credible monetary policy, stronger governance, improved market functioning and predictable rules dey critical for sustained investment.
He note say stabilisation no be an end in itself, but foundation for broader participation by long-term institutional capital, stronger market infrastructure and more effective connections with international financial markets.
Di Governor tok say Nigeria engagement with Asia go pass attracting investment flows to building durable relationships between financial institutions, markets, businesses and people.
He also identify opportunities for stronger links between banks for Nigeria and Asia, more efficient payment and settlement channels, and greater participation by people from Nigeria across di region.
