What are the economic benefits of this currency swap agreement? It can lead to a substantial reduction in transaction costs for Nigerian businesses ... low export flow to China.

The value of the Nigerian currency in both the official and unofficial ... undertaken by the monetary and fiscal authorities, the flow of foreign direct and portfolio investments, as well as ...

The falling oil price has put pressure on the Nigerian currency, the naira The Nigerian central bank has imposed new foreign exchange controls to try to stem the flow of dollars out of the country.

President Bola Tinubu removed Nigeria's foreign currency controls in June in a bid to get transactions flowing through the ... the naira and budget spending. Nigerian banks are not allowed to ...

The agreement is aimed at providing sufficient local currency liquidity for Nigerian and Chinese industrialists and other businesses and to reduce difficulties as they search for a third currency.

LAGOS/LONDON (Reuters) - As Nigeria grapples with a foreign exchange crisis, one person stands out in the scramble to obtain hard currency ... up the value of the Nigerian naira, firms owned ...