In this photo taken Tuesday Oct. 20, 2015, a money changer counts Nigerian Naira currency at a bureau de change, where a dollar buys 222 naira compared to the official rate of 198, in Lagos, Nigeria. (AP Photo/Sunday Alamba)
The announcement of a currency- swap deal between Nigeria and China has compelled speculators to make last minute plans to wreak havoc on the naira before the deal gets underway.
The News Agency of Nigeria (NAN) reports that the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, led the Nigerian delegation to China for the signing of the 2.5 billion dollars deal on April 27.
Financial experts said that the sealing of the deal was in the right direction as it would reduce pressure on the dollar, which would indirectly reduce the cost of imports from…
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