New Chinese currency swap deal to cut down transaction cost, ease importation—CBN
The Central Bank of Nigeria (CBN) has thrown more lights on the multiplier effects of the currency swap deal it recently consummated with the Peoples Bank of China (PBC), saying the new arrangements will among other things, cut down import…
Trade imbalance favouring China raises issues on what Nigeria’ll gain from swap deal
More facts are beginning to emerge on why it was after the Peoples Bank of China (PBC) posted on its website the currency swap deal that the Central Bank of Nigeria (CBN) hurriedly issued a statement on the deal done…
Just in: 4 days after US visit, China reveals veiled N720bn Currency Swap deal with FG
Whereas many Nigerians are worried on why the Central Bank of Nigeria (CBN) shielded away from Nigerians, a currency swap agreement it sealed with the Peoples Bank of China (www.pbc.gov.cn/english) on April 27, 2018, the Chinese apex bank’s website today,…
