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Central Bank of Nigeria Explores New Trade Opportunities at UK Trade Mission

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In a significant move to bolster international trade relations, the Central Bank of Nigeria (CBN) participated in the 2024 Trade Mission to the United Kingdom. This event, held on June 25, 2024, showcased a high-profile delegation led by Mr. Philip Ikeazor, Deputy Governor for Financial System Stability (FSS) at the CBN, representing the Governor, Mr. Olayemi Cardoso.

Mr. Ikeazor was joined by Mr. Ray Atelly, President and Chairman of the Council of the Nigerian-British Chamber of Commerce (NBCC), and Dr. Bala Bello, Deputy Governor for Corporate Services at the CBN. The Nigerian delegation included key stakeholders and industry leaders, highlighting the nation’s commitment to fostering robust economic partnerships with the United Kingdom.

The trade mission aimed to identify and explore new trade opportunities, enhance bilateral trade relations, and promote investment between Nigeria and the United Kingdom. Participants engaged in a series of strategic meetings, discussions, and networking sessions designed to deepen economic ties and stimulate mutual growth.May be an image of 3 people, dais and text

Mr. Ikeazor, in his address, emphasized the importance of such missions in driving economic development and financial stability. He underscored the CBN’s dedication to creating a conducive environment for trade and investment, which is vital for the nation’s economic progress.

Mr. Ray Atelly of the NBCC highlighted the chamber’s role in facilitating trade and investment opportunities between Nigeria and the UK, stressing the need for continued collaboration to achieve shared economic goals.

Dr. Bala Bello echoed these sentiments, pointing out the CBN’s strategic initiatives aimed at strengthening the financial system and supporting Nigeria’s economic diversification efforts.

The event, attended by a host of dignitaries and business leaders, underscored the strong ties between Nigeria and the United Kingdom. It concluded with a renewed commitment to enhancing economic cooperation and exploring innovative avenues for mutual prosperity.

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