The Central Bank of Nigeria (CBN), and the Central Bank of Egypt (CBE), are exploring strategic partnership to deepen broader economic synergy and financial alliances.
The CBN Governor, Dr. Olayemi Cardoso and CBE Governor Hassan Abdalla, met in a strategic meeting in Cairo on Monday, July 28, 2025 in a pivotal moment in bolstering regional financial cooperation and, strengthening the bilateral relations between two of Africa’s economic powerhouses. 
Dr. Cardoso led a high-level delegation from the Central Bank of Nigeria (CBN), to the working visit to Cairo. Among the delegation was the indefatigable Dr. Bala Bello, the Deputy Governor, Operations Directorate, as well as two Departmental Directors and a Special Adviser to the Governor.
The meeting provided an invaluable platform for both central banks to engage in robust and constructive dialogue.
The visit provided an opportunity for both Central Banks to engage in constructive dialogue on regional financial cooperation and to deepen institutional collaboration between Nigeria and Egypt in support of broader economic development goals.
Our correspondent gathered that the discussions focused on crucial aspects of regional financial cooperation and strategies to deepen institutional collaboration between Nigeria and Egypt.
The overarching goal of this enhanced partnership is to provide robust support for broader economic development objectives in both nations and across the African continent, sources at the meeting said.
Governor Abdalla whilst welcoming the Nigerian delegation, emphasized the importance of shared experiences and collective action in navigating the complexities of the global financial landscape.
Governor Cardoso, at the meeting, highlighted Nigeria’s commitment to fostering stronger ties with key economic partners like Egypt, recognizing the immense potential for mutual growth and stability.
The CBN delegation that accompanied Governor Cardoso included Dr. Bala Bello, Deputy Governor (Operations), along with two departmental directors and a special adviser to the Governor. The presence of such a high-caliber team underscored the strategic importance Nigeria places on this burgeoning partnership.
Financial analysts are excited about this ties and are positive that closer collaboration between the CBE and CBN could lead to enhanced information sharing, coordinated policy responses to regional economic challenges, and potentially pave the way for joint initiatives aimed at promoting trade, investment, and financial stability within Africa.
This meeting signalled a renewed push towards a more integrated and resilient African financial ecosystem.
