currency swap

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    Business Currency Swap: CBN to Incentivise Importers Who Tender Chinese Renminbi – Thisdaylive

    Following the $2.5 billion bilateral currency swap agreement signed last month between the Central Bank of Nigeria (CBN) and the People’s Bank of China (PBoC), the CBN has said it will incentivise importers and traders who tender their invoices in Renminbi (RMB). This was revealed at the …...
  2. curator

    CBN issues guidelines for $2.5bn currency swap with China – Vanguard News

    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 Peoples Bank of China (PBoC). The apex bank disclosed this in the … Read more via Vanguard News –...
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    Business Nigeria Agrees to Currency Swap With China to Fund Budget Deficit

    Nigeria on Tuesday agreed a currency swap deal with China, officials said, as it looks for ways to shore up its ailing currency and fund a record budget deficit, possibly by issuing yuan-denominated bonds in China. The country has been for months looking for sources to help plug a projected...