Will Currency Swap deal stifle Nigerian economy? By Simon Akoje Financial analysts have expressed concern that the currency swap deal recently signed by the Central Bank of Nigeria (CBN) and the Peoples Bank of China (PBoC) will stifle the Nigerian economy. The Currency Swap Deal was signed...

CBN Signs $2.5bn Currency Swap Deal With China ...Pact’ll reduce transaction costs for industrialists   After two years of painstaking negotiations, the Central Bank of Nigeria has finally signed a bilateral currency swap agreement with the People’s Bank of China. The development was confirmed on Thursday in Abuja...

China’s foreign exchange reserves unexpectedly rose for the first time in eight months in February, rebounding above three trillion dollars as a regulatory crackdown and weakness in the dollar helped staunch capital outflows. Reserves rose 6.92 billion dollars in February to total 3.005 trillion dollars,...