Wednesday, 13 April 2016

Nigeria Agrees to Currency Swap With China to Fund Budget Deficit

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 country has been for months looking for sources to help plug a projected 2016 deficit of 2.2 trillion […]

from fornaija.com http://ift.tt/1XuMkcp
via fornaija

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