Nigeria Pushes Yuan and BRICS Currencies to Ease Dollar Pressure

Africa · Western Key Facts —Currency Swap. Nigeria renewed a CNY 15 billion (US$2 billion) bilateral swap line with China in December 2024 to settle trade directly in naira and yuan. —BRICS Partnership. Nigeria formally accepted an invitation to join BRICS as a partner country in January 2025, gaining access to the New Development Bank's…