Nigeria-China currency swap

GILBERT EKUGBE Acknowledging some positive takeaways, the Nigeria/China currency swap deal could have on the Nigerian economy, the Manufacturers Association of Nigeria (MAN) said unrestricted access to the currency will impact…

By: GBOLAHAN AJAGBE       The currency swap agreement between Nigeria and China, which was sealed recently and valued at Renminbi (RMB) 16bn according to the CBN spokesperson, Isaac Okorafor, is to provide adequate local currency liquidity…

The Central Bank of Nigeria (CBN) said the Nigeria-China currency swap deal would not cover the importation of the 41 items banned in its 2015 circular on items not valid for foreign exchange. CBN’s acting Director, Corporate…