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NIGERIA-CHINA CURRENCY SWAP
Forex traders have attributed the recent exchange rate stability to the success of Nigeria’s currency swap agreement with Chinese traders now collecting naira for its currency, yuan, instead of dollars.
Analysts at Franklin Templeton Investments and BlackRock Inc are of the opinion that the Central Bank of Nigeria will be able to keep Naira stable.
The Central Bank of Nigeria (CBN) has released guidelines for the recently signed bilateral currency swap between the country...