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Cardoso seeks stronger banking ties with China

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Cardoso seeks stronger banking ties with China

— CBN moves to ease cross-border payments, boost investment flows
— Governor meets Nigerian, Chinese business leaders in Beijing
By Emma Ujah, Abuja Bureau Chief
The Central Bank of Nigeria (CBN) is seeking stronger banking relationships between Nigeria and China, alongside more efficient cross-border payment systems, to facilitate trade, investment and financial transactions between the two countries.
CBN Governor, Olayemi Cardoso, made this known at a high-level business and financial roundtable in Beijing, China, on Wednesday, according to a statement issued by the apex bank.
Cardoso engaged Nigerian and Chinese business leaders to identify barriers to financial flows and exp...

Source: Vanguard News

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