Nigerian can now goods directly from China pay with currency instead of Dollar.

Most of Nigerians don’t know the meaning of Nigeria dollars, yuan swap with China..

And why American government is desperately smoothing the relationship with Nigeria.

Soon you will be buying that techno phone you bought at N80,000 for N12,000.

The Central Bank of Nigeria have finally signed the currency swap deal we have been expecting for the past 2 years into existence with the Chinese government.

The importance of this is that since almost 70% of the goods we import come from China and Asia and 12% America why must we use Dollars to transact with China? from now instead of using dollars at N350 to 1dollar to import those goods, we can now buy Yuan at 47 naira to 1 Yuan and import those stuffs directly.

Instead of buying these goods in dollars in China, we will now buy them in Yuan which is 5times cheaper than dollars.

Up coming reality is that from now henceforth, try to monitor rate exchange rate.

Some of those guys who hoarded foreign currencies to make gains will off load them in order not to have heart attack over their huge loss arising from the currency swap deal with china.
Dollars and pounds will flood everywhere with no buyers, as the buyers will draw naira from their accounts in banks with presence in China.

Many NIGERIAN banks may be seeking to have their representative office in China like first bank saw to the future and already have office in China.
Inflation will go down drastically because of the price of commodities that will drop.