The Central Bank of Nigeria (CBN) actively participated in the recently concluded 43rd Islamic Financial Services Board (IFSB) Council meeting held on December 28 and 29, 2023, in Jeddah, Kingdom of Saudi Arabia.
During the sidelines of this prestigious gathering, Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria, engaged in substantive discussions with H.E. Ayman Al-Sayari, the Governor of the Saudi Central Bank (SAMA).
The meeting delved into crucial aspects of banking supervision and financial stability, reflecting the commitment of both nations to fortify their financial systems.
The discourse also served as a platform to explore potential areas for future collaborations between the CBN and SAMA.
Further enriching the global engagement, Governor Cardoso was graciously hosted by H.E. Tahir Salim Abdullah Al Amri, the Governor of the Central Bank of Oman.
This additional interaction underscored the importance of fostering international relationships in the financial sector.
Discussions during the meeting encompassed various facets of financial governance, shedding light on shared challenges and opportunities that could be harnessed for mutual benefit.
The presence of the Central Bank of Nigeria at the IFSB Council meeting not only exemplified the nation’s commitment to Islamic finance but also showcased its dedication to fostering global partnerships for the enhancement of banking practices and financial stability.
As the world continues to witness an evolving financial landscape, such international engagements prove pivotal in aligning strategies and leveraging collective expertise for a resilient and interconnected global financial ecosystem.