Category: Economy

News and analysis of the national and global economy.

Ado-Ekiti, Osogbo to be linked by rail , FG signs $6.68b contract

Ado Ekiti, capital of Ekiti state, will be connected to Lagos-Kano rail line, the Minister of Transportation, Rotimi Amaechi said today as he signed a $6.68 billion dollars contract agreement for the […]

CBN, China sign currency swap agreement

The Central Bank of Nigeria (CBN)  says  on Thursday  that it has signed the bilateral Currency swap agreement with the the Peoples Bank of China (PBoC).

A statement by the apex Acting Director of Communications, Mr Isaac Okorafor noted that the Governor Mr. Godwin Emefiele, led CBN officials while PBoC Governor, Dr. Yi Gang, led Chinese team at the official signing ceremony in Beijing, China.

It said  the agreement was signed on April 27th adding that it was an outcome of over  two years of painstaking negotiations by both Central Banks.