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: Renminbi
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 […]
IMF Says China in Historic Transition, Economic Rebalancing
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Christine Lagarde, managing director (MD) of the International Monetary Fund (IMF) said on Monday China is in the midst of a historic transition aimed at transforming and rebalancing its economy. “This transition is good for China and good for the world. As with any […]
