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nigeria china currency swap deal

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    Business CBN Plans Second Auction of Chinese Yuan after Currency Swap Deal – Thisdaylive

    The Central Bank of Nigeria has directed banks to submit bids for the Chinese yuan, in its second auction of the currency after a currency swap agreement with the People’s Bank of China (PBoC), Reuters quoted traders to have said yesterday..... Read more via Thisdaylive –...
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    Business N720bn Currency Swap Deal Attracts Nigerian Banks To China – Nairaland

    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)...