The reporter learned from the People’s Bank of China on December 27 that recently the People’s Bank of China and the Central Bank of Nigeria renewed the bilateral local currency swap agreement, with the swap scale of 15 billion yuan/3280 billion Nigerian naira, and the validity of the agreement is three years, which can be extended with the consent of both parties.
The People’s Bank of China said that the renewal of the bilateral currency swap agreement between China and Nigeria will help strengthen financial cooperation between the two countries, expand the use of local currency between China and Nigeria, and promote bilateral trade and investment facilitation. (Reporters Ren Jun and Wu Yu)