Nigeria: RMBN, NSACC to Unlock Nigeria-South Africa Trade Relations

The Rand Merchant Bank Nigeria (RMBN) and the Nigeria-South Africa Chamber of Commerce (NSACC) at a breakfast meeting in Lagos, explored ways to enhance bilateral trade and investment opportunities between Nigeria and South Africa with a possible swap deal on Naira and South African Rand.

At the event held recently in Lagos, the Managing Director and CEO Financial Derivatives Company Limited, Bismarck Rewane, stated that 1.22 per cent of Nigeria's import were from South Africa, while 4.5 per cent of its exports goes to South Africa, showing a lopsided trade relationship.

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