The CBN signed a $2.5bn / ₦720bn / RMB16bn bilateral currency swap with the People's Bank of China on 27 April 2018, valid for three years and renewed in 2021 and 2024. The Framework permits Nigerian importers from China and Chinese importers from Nigeria to settle in local currency, bypassing US dollar intermediation. Trade settled under the swap remains modest.
TradeActive· CBN
Nigeria-China Bilateral Currency Swap Operational Framework, 2018
CBN-PBOC framework for RMB settlement on trade flows.
Statutory basis
Central Bank of Nigeria Act 2007
Other Trade policies
Methodology
Tier 1 · primary
Courts. Gazettes. National archives.
Tier 2 · corroborating
OCCRP. HRW. BudgIT. TheCable.
Tier 4 · tertiary, flagged
Wikipedia only where primary is pending. Always labelled.