Nigeria, Egypt Sign MoU To Deepen Financial Inclusion

The Central Bank of Nigeria (CBN) and the Central Bank of Egypt (CBE) have signed a Memorandum of Understanding (MoU) to establish a Nigeria-Egypt Fintech Bridge.

The move which seeks to accelerate financial inclusion, deepen Nigeria’s payment systems and drive economic growth across the African continent, followed a series of engagements between both parties.

Speaking at the ceremony, which took place at the Seamless North Africa 2023 Conference at the Egypt International Exhibition Center, Cairo, CBN Deputy Governor, Financial System Stability, Mrs. Aishah Ahmad, who signed on behalf of the CBN, said the apex bank was extremely excited over the partnership with the CBE after months of engagement.