Home News CBN seeks stronger cross-border payment systems to boost African trade

CBN seeks stronger cross-border payment systems to boost African trade

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Lamido Yuguda, deputy governor for financial system stability at the Central Bank of Nigeria (CBN), says strengthening cross-border payment systems and improving foreign exchange (FX) market functionality are critical to enabling smoother trade flows on the continent.

Yuguda spoke at Citi’s business symposium themed “Broadening Trade Flows within West Africa’s Main Corridors under the African Continental Free Trade Area (AfCFTA)”.

The cable