Currency Swap: CBN Sells 3.69bn Yuan In Three Years   The Central Bank of Nigeria has said it sold 3.69 billion yuan from the inception of the currency swap deal with China to June this year. The apex bank disclosed this in its ‘Financial markets department 2021...

Currency Swap: CBN Sells 1.45bn Yuan In Two Years         The Central Bank of Nigeria has said it sold 1.45 billion yuan since the inception of the currency swap deal with China and the end of 2019. The CBN disclosed this in its 2019 Activity Report released...

Nigeria, Sierra Leone Plan Currency Swap   The Chairman, Economic Community of West African States (ECOWAS) Committee of Governors of Central Banks, Prof. Kelfala Kallon, has disclosed a plan for currency swap between Nigeria and Sierra Leone. Kallon, who is presently the Governor, Bank of Sierra Leone,...

Currency Swap: CBN Released N15.8bn In 3months To Nigerian Importers   The Central Bank of Nigeria has released N15.79 billion (297.99 million Chinese Yuan) to Nigerian businessmen under the currency swap deal. The money is to enable local businessmen to import goods from China in the three...

Currency Swap: Deal’ll Prevent Substandard Products Importation Says CBN The Central Bank of Nigeria on Wednesday said it was not possible for any importer to bring in substandard products into the country under the currency swap agreement recently signed with the People’s Bank of China. The...

CBN To Commence Bi-weekly Auction Of Chinese Yuan   Following the $2.5 billion bilateral currency swap agreement signed last month between the Central Bank of Nigeria (CBN) and the People’s Bank of China (PBoC), the CBN Thursday announced plans to start bi-weekly auctions of the Chinese...