The Nigerian National Petroleum Company (NNPC) Limited and the Central Bank of Nigeria (CBN) have entered into a strategic partnership aimed at bolstering national economic stability.
The collaboration was announced on Tuesday by NNPC’s Group Chief Executive Officer, Bayo Ojulari, following a meeting with CBN Governor Olayemi Cardoso in Abuja.
Ojulari described the engagement as a convergence of shared priorities between the two institutions, noting that discussions extended beyond routine consultations into a coordinated strategy focused on supporting Nigeria’s macroeconomic stability.
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“It was a moment of significant alignment and shared purpose to receive Governor Oluyemi Cardoso of the Central Bank of Nigeria on a courtesy call this afternoon,” he wrote. “Our dialogue moved beyond mere discussion into a strategic confluence of vision, centred on the vital national imperative of economic stabilisation through deliberate partnership.”
He emphasised NNPC’s belief that “true progress is collaborative,” adding that the national oil company remains committed to building synergies that strengthen operational efficiency and contribute to broader national development goals.
In a separate statement, the presidency confirmed that the engagement focused on enhancing cooperation between both institutions, improving operational efficiency, and reinforcing national development efforts. It added that the discussions underscored NNPC’s commitment to working with key economic stakeholders to strengthen Nigeria’s financial and operational resilience.
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