Tue Apr 12, 2016/Reuters By Felix Onuah Nigeria on Tuesday agreed a currency swap deal with China, officials said, as it looks for ways to shore up its ailing currency and fund a record budget deficit, possibly by issuing yuan-denominated bonds in China. The West African nation is facing its […]
Tag: Nigeria
Nigeria to raise 167.5 bln naira in treasury bills
Tue Apr 12, 2016/Reuters Nigeria plans to raise 167.51 billion naira ($843.67 million) in treasury bills with maturities ranging between 3-month and 1-year on April 20, the central bank said on Tuesday. The bank aims to raise 36.78 billion naira in the 3-month paper, 35 billion naira in the 6-month […]
Nigeria says China offered $6 billion loan for infrastructure
Tue Apr 12, 2016/Reuters By Felix Onuah China has offered Nigeria a loan worth $6 billion to fund infrastructure projects, the Nigerian foreign minister said on Tuesday. The announcement came as both countries signed a currency swap deal to boost trade. Nigeria has been in talks with China on an […]
