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Buhari-and-Xi-Jinping

Will Nigeria’s currency swap agreement with China reduce importation of fake/substandard goods?

Despite its loaded benefits for both ends, the currency swap with China will encourage the importation of more substandard goods and with much ease. This is because the...

CBN asks importers to trade with yuan instead of dollar 

CBN: Yuan currency swap will reduce substandard goods importation

The Central Bank of Nigeria (CBN) has said the currency swap agreement reached with the People’s Bank of China, will not cover the importation of substandard goods....

Buhari-and-Xi-Jinping

On the Nigeria-China currency swap deal

China is the largest export economy in the world and is seen as the next biggest investor in Africa. Gradually the country is pushing to overthrow the United States and...

Buhari-and-Xi-Jinping

What is your take on the Nigeria-China currency swap deal?

It is a right step in the right direction. The swap agreement will reduce the strain on Nigeria’s foreign reserves denominated in dollars. The deal is set to take an...