He called for wider adoption of digital payments, stronger fraud protection, and greater financial inclusion.
Mr Cardoso said that the country had progressed from policy support to concrete implementation.
Three in ten adults reported earning below N100,000 per month.
The governor of the Central Bank of Nigeria, Olayemi Cardoso, has urged African financial regulators to strengthen cooperation in managing cross-border risks.
The CBN governor said the reforms had eliminated distortions in the FX market and improved transparency.
Mr Ekezie said, “This sort of foreign buffer should indicate how healthy an economy is, ideally.”
All the 11 members of the committee attended the meeting.
Mr Cardoso said cross-border payments have become central to the global financial system.
The approval was announced during the 39th Ordinary Session of the Assembly of the AU, during its February summit.
Ms Onitiri warned that fraudsters typically intensify activities during the festive period, exploiting online platforms and unsuspecting citizens.
