Nigeria and China yesterday reached a preliminary agreement on the proposal to raise the subsisting $2 billion currency swap deal. President Bola Ahmed Tinubu initiated the discussion on scaling up ...

As part of moves to strengthen cooperation and promote bilateral trade and investment between their countries, Nigeria and China have renewed their currency swap agreement worth 15 billion Yuan ($2 ...

The Central Bank of Nigeria (CBN) has expressed concern over the challenges being experienced by the citizens in getting cash from their bank accounts and other alternative channels. Represented by ...

Residents of some communities in Gombe State have hailed the Central Bank of Nigeria’s (CBN) currency swap initiative. They gave the commendation in an interview with the News Agency of Nigeria (NAN) ...

The Nigerian currency has yet to recover from the threats of possible strike by the US in Nigeria Experts have said the threats may have scared investors who dumped the naira and pulled billions of ...

Swaps are derivative contracts between two parties that involve the exchange of cash flows. One counterparty agrees to receive one set of cash flows while paying the other another set of cash flows.