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India , Nigeria agree to early conclusion of local currency settlement system agreement

India, Nigeria agree to early conclusion of local currency settlement system agreement

May 1, 2024, 04:17 PM - 2 min read

Both sides have agreed to expedite the conclusion of a local currency settlement system agreement, which would facilitate the increased utilisation of the Indian rupee and Nigerian naira for cross-border transactions.

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Indian Flag (left) and Nigerian Flag (Right).

India-Nigeria local currency agreement underway

May 1, 2024, 01:17 PM - 2 min read

"Both sides agreed to the early conclusion of a local currency settlement system agreement to further strengthen bilateral economic ties," the department has said.

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