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Nigeria: CBN Issues Guidelines for $2.5bn Currency Swap With China
Vanguard, 8 June 2018
The Central Bank of Nigeria (CBN) said it will exchange N720 billion for 15 billion Chinese Renminbi (RMB) in three years under the $2.5 billion bilateral currency swap (BCS) with… Read more »
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Nigeria: CBN Issues New Guidelines On China Currency Swap Transactions
Leadership, 8 June 2018
The Central Bank of Nigeria (CBN) has released guidelines for the conduct of financial transactions under the recently federal government signed currency swap deal with the bank of… Read more »
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Nigeria: Central Bank Issues Guidelines On Currency Swap Deal
Vanguard, 7 June 2018
The Central Bank of Nigeria (CBN), on Thursday, released guidelines for the bilateral Currency Swap agreement between Nigeria and China. Read more »
Naira To Strengthen on Back of China Currency Swap
The Central Bank of Nigeria has said it will exchange N720 billion for 15 billion Chinese Renminbi (Yuan) in three years under the U.S.$2.5 billion bilateral currency swap with the Peoples Bank of China. The deal is expected to reduce the demand for U.S. dollars by Nigerians importing goods from China, and consequently strengthening the value of the Naira.
InFocus
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Nigeria and China recently signed a bilateral agreement to operate a three-year currency-swap deal aimed at facilitating enhanced trade between both countries. Read more »
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The two countries have signed a three-year currency-swap agreement of U.S.$2.4 billion to boost bilateral trade and investment and promote financial stability. Read more »
