NEWS: China To Expand Currency Swap Line For Nigeria, Backs Panda Bonds Issuance

China To Expand Currency Swap Line For Nigeria, Backs Panda Bonds Issuance

China has pledged to strengthen financial ties with Nigeria by expanding the existing currency swap agreement and supporting the issuance of Panda Bonds, in a move expected to boost trade and infrastructure development between the two nations.

The announcement was made by China’s Foreign Minister, Wang Yi, during a press briefing at the Presidential Villa in Abuja on Thursday.

Wang Yi, who met with President Bola Tinubu earlier on Thursday, described the plans as part of a…

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