Nigeria Renews N3.28 Trn Currency Swap Deal With China

Nigeria and China have renewed their 15 billion Yuan (about $2.09 billion) or N3.28 trillion, Bilateral Currency Swap Agreement (BCSA), designed to boost trade and investment between the two countries. According to a statement posted on the People’s Bank of China’s (PBoC) website on Friday, the agreement, which is valid for three years, can be…