Business

Central Bank of Nigeria Pledges to Bolster Economic Cooperation with Saudi Arabia

 The Central Bank of Nigeria (CBN) has affirmed its dedication to strengthening economic ties with Saudi Arabia, recognizing the strategic importance of the partnership in driving mutual growth and development. This commitment comes amidst efforts to diversify Nigeria’s economy and attract foreign investment.

The CBN has highlighted the potential for increased collaboration in various sectors, including finance, trade, and investment. The focus is on leveraging the strengths of both nations to create mutually beneficial opportunities.

The CBN aims to enhance cooperation with the Saudi Central Bank (SAMA) to facilitate seamless financial transactions and promote investment flows. This includes exploring opportunities for collaboration in areas such as fintech and Islamic finance. 

The CBN aims to enhance cooperation with the Saudi Central Bank (SAMA) to facilitate seamless financial transactions and promote investment flows. This includes exploring opportunities for collaboration in areas such as fintech and Islamic finance.


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