CBN SIGNS FX SWAP WITH CHINA
Nigeria central bank signs $2.5 bln FX swap deal with China
LAGOS, May 3 (Reuters) - Nigeria’s central bank said on Thursday it has signed a $2.5 billion currency swap agreement with the People’s Bank of China.
It said the move would help facilitate trade between the two countries and enhance foreign reserve management. The central bank said it had been in discussions with China on the deal for more than two years.
Reporting by Alexis Akwagyiram and Chijioke Ohuocha Editing by Gareth Jones
https://www.reuters.com/article/nigeria-cenbank-china/nigeria-central-bank-signs-2-5-bln-fx-swap-deal-with-china-idUSL8N1SA51A
It said the move would help facilitate trade between the two countries and enhance foreign reserve management. The central bank said it had been in discussions with China on the deal for more than two years.
Reporting by Alexis Akwagyiram and Chijioke Ohuocha Editing by Gareth Jones
https://www.reuters.com/article/nigeria-cenbank-china/nigeria-central-bank-signs-2-5-bln-fx-swap-deal-with-china-idUSL8N1SA51A
