China Renews N3.28 Trillion Currency Swap Agreement with Nigeria

China’s central bank on Friday, revealed that it has renewed a bilateral currency swap agreement with the Central Bank of Nigeria (CBN) as part of efforts to boost trade between both countries.

The total value of the agreement was N3.28 trillion (15 billion yuan or about $2.09 billion), China’s Xinhua News quoted the People’s Bank of China to have revealed this in a statement on its website.