PEOPLE ’ S BANK OF CHINA

Concerns Arise Over Nigeria-China Currency Deal’s Impact on AfCFTA

December 30, 2024December 30, 2024 - by Allegra Nguyen - Leave a Comment

A recent currency swap deal between Nigeria and China may jeopardize Nigeria’s participation in the Africa Continental Free Trade Area (AfCFTA), according to the Sea Empowerment Research Centre. The group …

Companies

China and Nigeria Renew $2 Billion Currency Swap Amid U.S. Dollar Concerns

December 28, 2024December 28, 2024 - by Carmen Mendez - Leave a Comment

China and Nigeria have extended their $2 billion currency swap deal for three years, aimed at bolstering trade and lessening reliance on the U.S. dollar. This comes amid tariff threats …