The Central Bank of Nigeria (CBN) and the Banco Central do Brasil are set to deepen financial and economic cooperation following high-level talks between CBN Governor, Olayemi Cardoso, and his Brazilian counterpart, Gabriel Muricca Galípolo.
The engagement took place during President Bola Ahmed Tinubu’s state visit to Brazil and formed part of a broader working mission by the Nigerian apex bank delegation.
Alongside the governors’ meeting, senior directors from the CBN held technical sessions with their Brazilian counterparts covering key areas such as monetary policy, financial stability, and regulatory collaboration.
Cardoso emphasized the importance of building stronger institutional linkages and exchanging expertise in areas such as payment systems, fintech, and mobile money.
“Nigeria is building a more resilient financial system to attract capital, harness diaspora remittances, and create a stable environment where trade and investment can thrive,” Cardoso said.
Drawing parallels between the two countries, he noted:
“Brazil’s experience in financial inclusion offers important lessons, just as Nigeria’s fintech sector has insights of its own.”
The collaboration is expected to boost bilateral trade, expand investment opportunities, and provide a platform for knowledge sharing in financial innovation and regulation.
