Saturday 15 December 2018
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allafrica - 7 month ago

Nigeria:Nants - Nigeria-China Currency Swap, Commendable, but Requires Caution

[This Day] The National Association of Nigerian Traders (NANTS) has examined the recent Nigeria-China currency swap deal, which has been in the pipeline since 2016 and was finally consummated on April 27, 2018. We recall specifically that that on April 13, 2016, the Central Bank of Nigeria (CBN) and the Industrial and Commercial Bank of China Ltd (ICBC) signed a currency swap deal on behalf of both Countries. NANTS believes that the final signing the deal worth $2.5 billion by the Federal Government of Nige

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