The Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, has hosted the 35th Governing Board Meeting of the International Islamic Liquidity Management Corporation (IILM) for the first time in Nigeria. The meeting took place at the CBN Headquarters in Abuja.
The event coincides with Cardoso’s tenure as Chair of the IILM Governing Board, underscoring Nigeria’s rising profile in global Islamic finance and its commitment to deepening the country’s non-interest financial markets.
Central banking leaders from Indonesia, Kuwait, Malaysia, Mauritius, Nigeria, Qatar, Türkiye, the United Arab Emirates (UAE) and the Islamic Corporation for the Development of the Private Sector (ICD) attended the meeting to review the corporation’s 2025 performance and set strategic priorities for global liquidity management.
Under Nigeria’s chairmanship in 2025, the IILM recorded significant achievements, including expanded sukuk issuances, increased investor participation and the strengthening of liquidity-management tools for Islamic financial institutions.
As part of the engagements, the CBN also organised a capacity-building workshop on Islamic Liquidity Management for Nigeria’s non-interest banking subsector, aimed at enhancing technical expertise and supporting ongoing market development.
By hosting the statutory meeting, Nigeria reinforced its commitment to an inclusive global financial system and further boosted investor confidence in its expanding non-interest finance sector.
