Africa’s largest economy has moved to boost trade with China.
Nigeria, China have announced they would conduct a currency swap amounting to nearly $2.4 billion, making trade between the two countries less reliant on the US dollar.
In a statement released by the People’s Bank of China (PBoC), the deal was signed on agreement with the Central Bank of Nigeria (CBN) on April 27 and aims to facilitate “bilateral trade and direct investment, and safeguarding financial market stability in both countries.”
.CNN
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