Diamond Bank Plc recently enlightened importers on ways of taking advantage of the recently signed currency swap deal between Nigeria and China. The bank which held a business seminar for importers and other small-scale business owners in the commercial city of Onitsha, on ways of improving their businesses said the forum was geared towards helping […]
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The Central Bank of Nigeria on Wednesday said it was not possible for any importer to bring in substandard products into the country under the currency swap agreement recently signed with the People’s Bank of China. The apex bank said adequate measures had been put in place with all the regulatory agencies to check abuse […]
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The much-awaited guidelines for the $2.5 billion currency swap deal between the Central Bank of Nigeria (CBN) and The Peoples Bank of China (PBoC) have been unveiled. The deal will widen the trade window for local banks and increase their revenues. But, it could worsen the widening trade gap between Nigeria and China. The deal, […]
Read More It is now a swinging time for both Nigerian and Chinese firms as the much-awaited currency swap between their respective countries has finally become a done deal. And with the planned auctions of the Chinese Yuan by the Central Bank of Nigeria (CBN) and the Naira by the People’s Bank of China (PBoC) any time […]
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