The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Friday, June 27, 2025, received a high-level delegation from the Central Bank of Malawi (CBM), led by its Governor, Dr. MacDonald Mwale, at the CBN Headquarters in Abuja.
The visit served as a platform for bilateral engagement on critical issues of mutual interest, particularly in the areas of monetary policy coordination, institutional capacity building, and regional financial stability.
In his welcome remarks, Governor Cardoso emphasized the importance of central bank collaboration across Africa, especially in addressing shared macroeconomic challenges and driving financial inclusion. He described the visit as timely, given the increasing need for strategic alliances to strengthen central banking frameworks across the continent.
Discussions between both institutions centered on key areas including digital financial innovation, inflation management, foreign exchange reforms, and knowledge exchange programs. The governors also explored the potential for co-developing joint research initiatives and peer learning mechanisms to enhance policymaking.
Governor Mwale commended the CBN for its proactive reforms in stabilizing Nigeria’s economy and reiterated the CBM’s interest in adopting best practices from Nigeria’s monetary policy and regulatory framework. He expressed optimism that the dialogue would lead to deeper institutional ties and long-term collaboration between both central banks.
The meeting concluded with a renewed commitment to fostering regional monetary cooperation, improving resilience in financial systems, and advancing shared goals of sustainable economic development within Africa.
