The Nigeria-China currency swap deal will not stifle local companies and make the country a dumping ground for Chinese goods, the Central Bank of Nigeria (CBN) said yesterday. The 41 items banned since 2015 will not be valid for the swap exchange, the CBN said. CBN spokesnman Isaac Okorafor said: “The fear is unfounded and […]
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The $2.5 billion bilateral currency swap deal between Nigeria and China is likely to reduce further the strong demand for the United States dollar and support the naira, analysts at Ecobank Capital have said. The Central Bank of Nigeria early this month signed the deal with the People’s Bank of China, making Nigeria, the third […]
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Expectations are high over the $2.5billion bilateral currency swap agreement between the Central Bank of Nigeria and the People’s Bank of China. Ibrahim Apekhade Yusuf in this report looks at the fallout The official signing ceremony of the currency swap deal between Nigeria and China last weekend proved bookmakers wrong that the proposal which had […]
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President Muhammadu Buhari has expressed satisfaction with the outcome of his working visit to China, which has yielded additional investments in Nigeria exceeding $6 billion, The Nation report. He believed that the several agreements concluded with the Chinese during the visit will have a huge and positive impact on key sectors of the Nigerian economy, […]
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President Muhammadu Buhari, who arrived in China yesterday on a week-long visit, will begin his programme with the opening ceremony of the Business Forum of the China/Nigeria Production Capacity Cooperation. The delegation will then leave for a visit to forbidden City, according to presidential Spokesman Femi Adesina. On arrival yesterday, President Buhari was received by […]
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