Sinosure said to blacklist Nigeria

(Get-Top-News, Guangzhou, 19 February 2016) According to Nigeria's Business Daily (February 16) due to the deterioration of Nigerian foreign exchange environment, China Export & Credit Insurance Corporation (also known as Sinosure) will blacklist Nigeria. Nigerian Central Bank (CBN) extreme foreign exchange controls has resulted in market the dollar shortage, international investors and companies have complained about this and more. According to an unnamed informed source, CITIC has notified its customers will not accept deals with Nigeria.