currency swap deal

For the 18th unbroken month, inflation rate continued a downward trajectory, declining from 11.23 per cent in June to 11.14 per cent in July. This is coming as the Central Bank of Nigeria (CBN) intensified its public enlightenment … Read more via Thisdaylive – https://ift.tt/2MTCIcB Get...

Following last week’s take-off of its intervention in the sale of foreign exchange in Chinese Yuan (CNY), the Central Bank of Nigeria (CBN), on Friday, July 27, 2018, injected the sum $340, 507, 376.51 into the interbank retail Secondary Market Intervention Sales. This is … Read more via...

According to him, this will ensure the currency deal does not stifle local companies and make Nigeria a dumping ground for Chinese goods. The Central Bank of Nigeria (CBN) said the Nigeria-China currency swap deal would not cover the importation of the … Read more via pulse.ng – Nigeria’s...

For the country to achieve full benefits from the recent currency swap deal, it must develop competitive advantage in the production of certain exportable goods that China currently imports, the Head, Research, FSDH Merchant Bank, Ayodele Akinwunmi has said. Although the deal, … Read more...

Financial analysts have expressed concern that the currency swap deal recently signed by the Central Bank of Nigeria and the Peoples Bank of China will stifle the Nigerian economy. He said the deal would ensure that majority of the country’s foreign trade deals were channeled to the Chinese …...

There are indications that the naira may begin to gain strength in the days to come as Nigerian banks conclude plans to open shops in China. This followed the pact signed by both the Central Bank of Nigeria (CBN) and the People’s Bank of China (PBOC) on a RMB15 billion (about N720 billion)...

The Central Bank of Nigeria (CBN) says the bilateral currency swap agreement with the Peoples Bank of China (PBoC) will help the liquidity issues faced by Nigerian traders and Chinese manufacturers. The apex bank said with the deal, Chinese businessman will have sufficient naira to purchase...

Two years after, the Central Bank of Nigeria (CBN) has commenced discussions on a currency swap agreement with the People’s Bank of China (PBOC). With the ongoing talks, the two banks have finally brokered a deal, having signed a three-year bilateral currency swap agreement worth N720 billion...