Nigeria has renewed its bilateral currency swap agreement with China, six years after the deal was initially struck between both countries.

In today’s interconnected financial markets, businesses often find themselves exposed to dual risks: foreign exchange (FX) volatility and interest rate fluctuations. For companies with borrowings or ...

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

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

The Reserve Bank of India announced liquidity measures, including bond purchases and currency swaps, to alleviate a cash ...

Banks typically update their exchange rates daily, following international foreign exchange (forex) markets while adding a ...

Commission fees: It’s not uncommon for a currency exchange business to impose a commission on your transaction. You may ...

China has extended its US $ 1.4 billion currency swap arrangement to Sri Lanka, the Central Bank of Sri Lanka affirmed ...

The Central Bank of Sri Lanka (CBSL) and the People’s Bank of China (PBoC) have renewed the Bilateral Currency Swap Agreement ...

One crucial tool that Nigeria must prioritize is negotiating currency swap agreements with major economies such as China, India, Russia, South Africa, Germany, France, Spain, and Italy.