German Chancellor Olaf Scholz and African Union Chairperson Moussa Faki Mahamat. (Image: DW NewsImage from video)

Germany is hosting an investors' conference in Berlin under the G20's Compact with Africa initiative. The gathering is part of the German government's commitment to supporting African countries in making economic gains.

Governor Emefiele of the CBN and Governor Yi of the People’s Bank of China signed the currency swap agreement between both countries. (AFP)

Africa's largest economy has moved to boost trade with China. Nigeria, China have announced they will conduct a currency swap amounting to nearly $2.4 billion, making trade between the two countries less reliant on the US dollar.

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