Central Bank of Nigeria (CBN) Governor Olayemi Cardoso called for closer payment links with China to support trade and investment, according to Premium Times, which reported on October 22. Cardoso met the chairman and senior management of the Industrial and Commercial Bank of China (ICBC) in Beijing, and participants at a Nigeria-China cross-border finance roundtable discussed payment efficiency and settlement arrangements. Cardoso proposed identifying priorities and designating teams, though the report named no teams, timetable, new payment channel or agreement. Citing CBN data, the outlet said Nigeria's trade payments to China are substantial, while export earnings and investment flowing into Nigeria are comparatively modest. Nigeria and China signed a three-year currency swap on April 27, 2018, worth 15 billion yuan and 720 billion naira, and a CBN newsletter from July 2025 said its renewal supports local-currency settlement.
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DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
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