The Central Bank of Nigeria is engaging Nigerian and Chinese businesses to address cross-border payment challenges, strengthen banking ties and improve financial flows between the two countries. The initiative followed a high-level business and financial roundtable in Beijing on Wednesday, October 21, 2026, where participants discussed more efficient payment arrangements, stronger banking connectivity and the potential benefits of a larger Nigerian banking presence in China. CBN Governor Olayemi Cardoso stressed the importance of direct engagement with businesses to identify constraints on financial activity. The bank's China programme also includes bilateral talks with the People's Bank of China and meetings with the Industrial and Commercial Bank of China, and will extend to Guangzhou for another listening session on remittance channels and investment in Nigeria.
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Original headline: CBN moves to ease payment barriers between Nigeria , China
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DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
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