Memorandums of Understanding (MOUs) have been signed by the Central Bank of Nigeria (CBN) and the Bank of Angola to facilitate the exchange of technical assistance aimed at strengthening financial sector regulations in both nations. The collaboration agreement, which was signed during the just concluded 2025 International Monetary Fund (IMF)/World Bank Annual Meetings in Washington, DC, also covers the development of the financial sector and the management of payment, clearing, and settlement systems.The chiefs of both apex banks stated that the MoU supports Africa’s overarching objectives of financial stability and economic integration. According to stakeholders, the region would greatly benefit from an economically sound banking system in Africa. A financially secure Africa will help draw more foreign direct investment to the continent in addition to expanding the single market, improving intra-African trade, and raising productivity and competitiveness. The MoU is in line with Africa’s larger objectives of financial stability and economic integration, according to CBN Governor Olayemi Cardoso, who signed on the Bank’s behalf alongside Manuel Antonio Tiago Diaz, Governor of the Central Bank of Angola. According to the CEOs of both apex banks, the collaboration is a significant step forward for the two organizations’ attempts to strengthen their technical interchange and bilateral cooperation.
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