Nowadays, businesses of all sizes engage in foreign trade, outsourcing, and international investments. While this opens up ...

Nigeria's economy is at a crossroads. With oil prices fluctuating, inflation rising, and the naira devaluing at an alarming ...

Currency swap agreements offer Nigeria a viable mechanism to mitigate foreign exchange pressures, ensure balance of payments, ...

For companies with borrowings or operations in both USD and GHS, these risks can significantly impact profitability, cash ...

Interest rate swaps help parties convert floating-rate loans to fixed ones (and vice versa) to achieve cost-effective borrowing. Currency swaps allow companies in different countries to access ...

Canada's economy contracted more than expected in November as activity across a majority of sectors shrank due to work ...

Nigeria has renewed its bilateral currency swap agreement with China, six years after the deal was initially struck between both countries. The Central Bank of Nigeria (CBN) and the People's Bank of ...

China has pledged to strengthen financial ties with Nigeria by expanding the existing currency swap agreement and supporting the issuance of Panda Bonds, in a move expected to boost trade and ...

Nigeria and China yesterday reached a preliminary agreement on the proposal to raise the subsisting $2 billion currency swap deal. President Bola Ahmed Tinubu initiated the discussion on scaling ...

The People’s Republic of China Government says it would consider Nigeria’s request to expand the bilateral currency swap agreement. China’s Foreign Minister, Wang Yi, revealed this when he ...