After the Central Bank of Nigeria signed a bilateral currency swap agreement with the People’s Bank of China in April 2018, a total of CNY1.75bn has been auctioned on the market since the end of June 2020. The CBN announced this in its ‘Financial Markets Department 2020 Half Year Operation Report’ that was published on Wednesday.
Some parts of the report read, “The bank continued with the implementation of the bilateral currency swap agreement with the People’s Bank of China through fortnightly Renminbi auctions, which commenced in July 2018…
More details through:
News Archive from before July 2018