Just In: Nigeria Renews Currency Swap Deal With China
<div><img width="300" height="168" src="https://www.naijanews.com/wp-content/uploads/2024/09/President-Tinubu-and-China-President-Xi-300x168.webp" class="attachment-medium size-medium wp-post-image" alt="Just In: Nigeria Renews Currency Swap Deal With China" style="margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2024/09/President-Tinubu-and-China-President-Xi-300x168.webp 300w, https://www.naijanews.com/wp-content/uploads/2024/09/President-Tinubu-and-China-President-Xi.webp 640w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Nigeria and China have renewed the currency swap agreement between both countries. Naija News understands the renewal is valid for three years and can be renewed upon mutual consent. The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, who shared the information on his social media account, said China’s central bank […]</p>
<p>The post <a href="https://www.naijanews.com/2024/12/27/just-in-nigeria-renews-currency-swap-deal-with-china/">Just In: Nigeria Renews Currency Swap Deal With China</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
Nigeria and China have renewed the currency swap agreement between both countries.
Naija News understands the renewal is valid for three years and can be renewed upon mutual consent.
The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, who shared the information on his social media account, said China’s central bank confirmed on Friday that it has renewed a bilateral currency swap agreement with the Central Bank of Nigeria (CBN).
The total value of the agreement is 15 billion yuan (about 2.09 billion U.S. dollars), or 3.28 trillion Nigerian naira, the People’s Bank of China said in a statement on its website.
It said that the renewal of the currency swap arrangement will strengthen financial cooperation between China and Nigeria, expand the use of the two currencies, and promote and facilitate bilateral trade and investment.
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<img src="https://www.mtlblog.com/media-library/someone-lounging-on-a-four-poster-bed-right-someone-holding-coffee-in-bed-with-a-gas-fireplace-behind.jpg?id=53777956&width=1200&height=800&coordinates=0%2C0%2C192%2C0"/><br/><br/><p><a href="https://www.mtlblog.com/quebec-hotels-michelin-guide-keys-best-in-the-world" target="_blank" rel="noopener">Canada's top hotels for 2024</a> have officially been ranked, revealing the ultimate destinations for luxury, comfort and unforgettable stays across the country — but apparently, no Montreal hotels were worthy of making the cut.</p><p>The ranking comes from <a href="https://www.mtlblog.com/canada-ranked-best-countries-in-the-world-cn-traveler-2024" target="_blank" rel="noopener">Condé Nast Traveller's 2024 Readers' Choice Awards</a>, which analyzed votes from seasoned travellers from the U.K., and it looks like Brits are giving Montreal a pass on their visits to Canada this year.</p><p>Taking the number one spot among the <a href="https://www.mtlblog.com/tag/best-hotels-canada" target="_blank" rel="noopener">best hotels in Canada</a> this year is 1 Hotel Toronto, scoring an impressive satisfaction rating of 99.13%. In fact, Ontario dominated the list, claiming five out of the ten spots — with Toronto snagging the top three. B.C. also made a strong showing, with one spot in Victoria and three in Vancouver securing spots in the top ten. </p><p>Meanwhile, Quebec was the only other province making an appearance with a measly one hotel on the list — <a href="https://www.mtlblog.com/canada-best-hotels-2024-quebec-auberge-saint-antoine" target="_blank" rel="noopener">Auberge Saint-Antoine in Quebec City</a>.</p><p><a href="https://www.cntraveller.com/gallery/best-hotels-resorts-canada-2024" target="_blank" rel="noopener">The list</a> was compiled based on thousands of votes from U.K.-based Condé Nast Traveller readers, who weighed in on their favourite hotels to stay at when travelling to Canada. So, if you're planning a cross-country trip and are wondering where to stay, these swanky hotels are worth considering.</p><p>Here are the best hotels in Canada for 2024, according to Condé Nast Traveller readers:</p><ol><li><strong>1 Hotel Toronto</strong>, Toronto, ON</li><li><strong>The Hazelton Hotel</strong>, Toronto, ON</li><li><strong>Fairmont Royal York</strong>, Toronto, ON</li><li><strong>The Royal Hotel</strong>, Picton, ON</li><li><strong>Oak Bay Beach Hotel</strong>, Victoria, BC</li><li><strong>Auberge Saint-Antoine</strong>, Quebec City, QC</li><li><strong>The Westin Bayshore</strong>, Vancouver, BC</li><li><strong>Shangri-La Toronto</strong>, Toronto, ON</li><li><strong>Fairmont Pacific Rim</strong>, Vancouver, BC</li><li><strong>JW Marriott Parq Vancouver</strong>, Vancouver, BC</li></ol><p>With this ranking, it's clear that Toronto is leading the way when it comes to Canada's best hotels — and that Montreal has some serious catching up to do. Whether you're after an urban escape or a cozy winter retreat, these top spots have something special to offer. So, which one will you be booking next?</p><p><span></span><em>Love this? Check out our <a href="https://www.mtlblog.com/notices/" target="_blank" rel="noopener">MTL Blog noticeboard</a> for details on jobs, benefits, travel info and more!</em></p><p><em>AI tools may have been used to support the creation or distribution of this content; however, it has been carefully edited and fact-checked by a member of MTL Blog's Editorial team. For more information on our use of AI, please visit our <a href="https://www.mtlblog.com/editorial-standards" target="_blank" rel="noopener">Editorial Standards page</a>.</em></p>
President Cyril Ramaphosa says, more than 500 homes have been damaged in the Nkomazi municipality of Mpumalanga. This after torrential rain struck the province in…
