Nigeria picks Stanchart, Stanbic, Zenith and FBN to manage Yuan swap deal

Nomura

As a follow up to its Yuan currency swap deal with China worth about $2.5 billion, Nigeria is said to have picked lenders who who will manage the transactions.

According to ThisDay Newspaper, Standard Chartered Bank, Stanbic IBTC, Zenith Bank and First Bank of Nigeria have been appointed to manage the process.