Currency Swap: How Nigeria’s trade imbalance with China limits gains – Muda Yusuf, others

ShareThe China and Nigeria currency swap agreement, currently valued at 15 billion Yuan (about $2.09 billion), was recently renewed to enhance trade and investment between the two countries. PAUL OGBUOKIRI, however, reports that aside from reduction of dependence on US$, Nigeria will never benefit maximally from the agreement until the huge trade imbalance in favour...The post Currency Swap: How Nigeria’s trade imbalance with China limits gains – Muda Yusuf, others appeared first on New Telegraph.

Read More