Nigeria-China Financial Corridor Operationalized: CBN and PBOC Finalize Multi-Billion Bilateral Currency Swap Settlement Rails to Eliminate Dollar Transaction Friction

Governor Olayemi Cardoso concludes high-level bilateral financial agreements in Beijing as the Central Bank of Nigeria and People's Bank of China operationalize direct Naira-Renminbi commercial settlement rails across 18 participating banks, mitigating FX pressure on $22 billion in bilateral trade.