Nigeria Signs MOU with Angola on Technical Cooperation

opeolumartinOctober 18, 202503 mins

Washington D.C., October 18, 2025

Nigeria and Angola have taken a significant step toward strengthening bilateral relations with the signing of a Memorandum of Understanding (MOU) focused on technical cooperation between their central banking institutions.
The agreement was formalized in Washington D.C. by the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Michael Cardoso, and the Governor of the National Bank of Angola, Mr. Manuel Tiago Dias. The signing marks a pivotal moment in ongoing efforts to deepen collaboration between the two African nations in the financial and regulatory sectors.
Muplnag Dakok reports that the MOU outlines a framework for mutual exchange of technical assistance and expertise between the two central banks. The key objectives of the agreement include:

Establishment of a bilateral forum for reciprocal exchange of technical knowledge and best practices.
Capacity building to enhance the operational and regulatory functions of both central banks.
Cooperation in cross-border supervision of authorized financial institutions.
Exchange of cybersecurity information to bolster financial system resilience.
Collaboration in licensing and supervision of financial establishments with cross-border operations.
Development and implementation of resolution plans for financial institutions operating across both jurisdictions.

This agreement comes at a time when African countries are seeking stronger intra-continental ties to tackle shared economic challenges and build resilient financial systems.
Both governors emphasized the strategic importance of the partnership in promoting financial stability and advancing regulatory standards across borders. They also expressed optimism that this MOU would serve as a model for similar collaborations within the African region.

The agreement was signed on the sidelines of international financial meetings in Washington D.C., attended by global financial leaders, further underscoring the growing importance of South-South cooperation in shaping the future of global finance.