Nigeria and India to switch to local currencies in trade ...News

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Nigeria and India to switch to local currencies in trade
The countries also aim to boost economic cooperation in energy, pharmaceuticals and transport India and Nigeria are likely to finalize an agreement soon on local-currency debt settlement, with the aim of further strengthening their bilateral economic ties, the Indian commerce and industry ministry announced on Friday. Other areas of cooperation, including energy, pharmaceuticals and transport, were discussed at the second Session of the India-Nigeria Joint Trade Committee (JTC) held in the Nigerian capital, Abuja. The official delegation from India included officials from the Reserve Bank of India (RBI), EXIM Bank

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