NIGERIA:CBN PLANS INCENTIVES FOR NIGERIAN IMPORTERS IN CURRENCY SWAP DEAL

[Guardian] The Central Bank of Nigeria (CBN) has authorized the use of Renminbi (RMB) instead of dollar by Nigerians to import some specific goods from China to achieve maximum benefit in the recent $2.5 billion currency swap pact signed by both countries.

AllAfrica.com (Date:06/15/2018 06:32) Read full article >>

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China: China , officially the People's Republic of China , is a sovereign state located in East Asia. It is the world's most populous country, with a population of over 1.35billion. The PRC is a single-party state governed by the Communist Party, with its seat of government in the capital city of Beijing.[
- China Wikipedia
Nigeria: in Africain the African Union
- Nigeria Wikipedia
Bank: A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank is the connection between customers that have capital deficits and customers with capital
Central Bank: A central bank, reserve bank, or monetary authority is a public institution that manages a state's currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a
Nigerians PhotoNigerians: Nigerians or Nigerian people are citizens andor people with ancestry from Nigeria. Nigeria is composed of multiple ethnic groups and cultures and the term Nigerian refers to a citizenship-based civic nationality. Nigerians derive from over 250 ethnic groups and languages. Though there are multiple e
Renminbi PhotoRenminbi: The renminbi is the official currency of the People's Republic of China. Renminbi is legal tender in mainland China, but not in Hong Kong, Taiwan, or Macau. Renminbi is sometimes accepted in Hong Kong and Macau, and are easily exchanged in the two territories, with banks in Hong Kong allowing peopl