# Nigeria-China financial cooperation development

> Live situation record from CLSTR: https://clstr.news/situations/nigeria-china-financial-cooperation-development
> Updated: 2026-10-22T10:09:59.000Z. Sources: 12. Developments: 2.

Following the IMF and World Bank Annual Meetings in Bangkok, Central Bank of Nigeria Governor Olayemi Cardoso reported improvements in Nigeria’s economic indicators, including a decline in headline inflation and an increase in external reserves to over $55 billion. Cardoso expressed intentions to strengthen financial cooperation with China, specifically addressing cross-border payments and settlement arrangements.

This initiative progressed to a high-level business and financial roundtable in Beijing themed ‘Strengthening the Nigeria–China Financial Corridor’. During the engagement, the Central Bank of Nigeria sought to identify barriers to financial flows and encouraged Chinese financial institutions to invest more broadly in Nigerian markets, particularly through naira-denominated instruments. The discussions aimed to balance the economic relationship by increasing investment flows and export proceeds into Nigeria.

## Claims

- The Central Bank of Nigeria convened a financial roundtable in Beijing. (corroborated by 2 sources)
- The roundtable aimed to identify practical barriers to financial flows between Nigeria and China. (corroborated by 2 sources)
- Philip Ikeazor discussed translating macroeconomic fundamentals into increased investment. (corroborated by 2 sources)
- Olayemi Cardoso advocated for investment in naira-denominated instruments by Chinese institutions. (single source)
- CBN data shows significant trade-related payments from Nigeria to China but limited investment flows into Nigeria. (single source)

## Timeline

### 2026-10-22: Central Bank of Nigeria seeks to deepen Nigeria–China financial ties

The Central Bank of Nigeria hosted a roundtable in Beijing to improve financial connectivity and investment flows between Nigeria and China, focusing on naira-denominated instruments.

7 sources. https://clstr.news/cluster/central-bank-of-nigeria-seeks-to-deepen-nigeriachina-financial-ties

### 2026-10-17: Central Bank of Nigeria Governor discusses economic reforms and China trade ties

Central Bank of Nigeria Governor Olayemi Cardoso reported improved economic indicators and announced plans to enhance cross-border payment arrangements with China to support bilateral trade.

5 sources. https://clstr.news/cluster/central-bank-of-nigeria-governor-discusses-economic-reforms-and-china-trade-ties

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Cite as: Nigeria-China financial cooperation development. CLSTR, https://clstr.news/situations/nigeria-china-financial-cooperation-development