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Two years after the administration of President Muhammadu Buhari announced that the country was in advanced talks with China for a currency swap deal, the scheme has failed to take off.
The development now appears like a similar move made earlier under the administration of Goodluck Jonathan in 2013, in which several infrastructure deals were signed, but later reduced to bilateral trade rather than finance and capital flows.
Read more via The Guardian Nigeria Newspaper – http://ift.tt/2IDcRUi
Get more: Nigeria Business News
The development now appears like a similar move made earlier under the administration of Goodluck Jonathan in 2013, in which several infrastructure deals were signed, but later reduced to bilateral trade rather than finance and capital flows.
Read more via The Guardian Nigeria Newspaper – http://ift.tt/2IDcRUi
Get more: Nigeria Business News
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