Month: May 2018

Perspective | The Nigeria-China currency swap deal: The untold story. (1)

Many Nigerians thought that with the currency swap, Dollar will fall, but unfortunately, as at today, 29.05.2018, Naira depreciated against the dollar with almost 1.23%. Prior till date, Naira-Dollar ratio has stabilised at N360:$1. But as at today, Dollar is being exchanged at N366 per a dollar. As at last weekend, the Stock Market has been on the low, ending at a negative point of 2.8%.