In a move to deepen bilateral relations and promote technical collaboration, the Central Bank of Nigeria (CBN) and the Bank of Angola have signed a Memorandum of Understanding (MoU) for bilateral technical cooperation.
The signing ceremony, held on Thursday, October 16, 2025, was moderated by the CBN Deputy Governor (Economic Policy), Dr. Muhammad Sani Abdullahi, and attended by senior officials of both central banks.
CBN Governor, Olayemi Cardoso, who signed on behalf of the Bank alongside the Governor of the Central Bank of Angola, Mr. Manuel Antonio Tiago Diaz, noted that the MoU aligns with Africa’s broader goals of economic integration and financial stability.
The areas of cooperation under the MoU include Exchange Control; Financial Markets and Foreign Reserves; Currency Management; Economic Research and Monetary and Financial Statistics; and Payment, Clearing and Settlement Systems Management.
It also covers Financial Sector Development; Banking Supervision and Regulation; cross-border supervision of financial institutions and due diligence where applicable; AML/CFT and Market Conduct Supervision; as well as Staff Training and exchange of experiences.
