Tinubu seeks more Currency Swap with China
President Bola Tinubu, Thursday in Abuja, urged the Government of the People’s Republic of China to increase the $2 billion currency swap between Nigeria and China.This is to enhance trade between the two countries.He also called for an upward review of the $50 billion aid package for Africa, which China’s President Xi Jinping announced last year.China and Nigeria recently renewed their currency swap agreement, valued at 15 billion yuan (approximately $2 billion), to enhance trade and investment.Receiving the Minister of Foreign Affairs of China, Wang Yi, at the State House, the President said increasing the level of currency swaps will speed up the infrastructural development in Nigeria and deepen the strategic bilateral relations.“We still demand more in the area of currency swap. The l...