Nigeria: CBN Outlines Market Infrastructure Supporting Nigeria-China Financial Flows At Beijing Investor Forum

Umeano highlights fixed-income market development and arrangements as banking executives discuss cross-border payment connectivity

BEIJING — The Central Bank of Nigeria is developing financial-market infrastructure to support transactions between Nigeria and China and strengthen investor confidence in cross-border financial flows, a CBN official told an investor forum in Beijing.

Dr Okey Umeano, Deputy Director, Financial Markets, said the work extended beyond bilateral swap arrangements to the…