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: Yuan
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 […]
Wall Street up as oil prices boost energy, materials stocks
Wed Feb 17, 2016/Reuters By Abhiram Nandakumar Wall Street was higher on Wednesday, on track for a third straight day of gains, led by gains in energy and materials as oil prices held on to their gains. Nine of the 10 major S&P sectors were higher, led by the 1.6 […]
