PEOPLE ’ S BANK OF CHINA

Potential Impacts of Nigeria-China Currency Swap on AfCFTA Participation

December 30, 2024December 30, 2024 - by Liam O'Sullivan - Leave a Comment

The Sea Empowerment Research Centre has warned that Nigeria’s currency swap deal with China could hinder its participation in the Africa Continental Free Trade Area (AfCFTA) by increasing reliance on …

Companies

China-Nigeria Renew $2 Billion Currency Swap Amid U.S. Tariff Warnings

December 28, 2024December 28, 2024 - by Ravi Patel - Leave a Comment

China and Nigeria have renewed their $2 billion currency swap agreement for three years, aiming to enhance financial cooperation and lessen dependence on the U.S. dollar amid threats from U.S. …