NewStats: 3,264,131 , 8,182,737 topics. Date: Monday, 09 June 2025 at 08:01 PM 557318

Senioreddy:
A welcome development.
Reduce the demands for dollar. Who else has also noticed in recent times that capital flight has reduced and no medical/foreign trips for sometime now

It sounds good on the surface but inherently stupid.
It just bounds us more to import from China and nothing more.

What our government should be thinking about is internal production of goods and services and not importation of goods and services

jazzman7711:


Abeg will you get lost!

Who are you to say what will happen or not happen?

Idiot small kid on internet who thinks he knows something.

I don’t even regard you as a Nigerian.

GET LOST, YOU DIRTY IPOB OUTCAST.

Go and prepare for your Monday Sit At Home.

You see all those sit at home people. They are very useless that they don't want anything to succeed in Nigeria and that's why their region is so backward

As long as anyone hate their country such person will never succeed in life until you are able to leave such country

SalamRushdie:


Exactly God bless U ,you get the point, if China collects Naira who will buy it from China

funniest part, the deal will still be converted in dollar before narrowing to the trade. Whichever way, China wins. The only win for Nigeria is the reduced pressure on dollar search for us, which I think the Dangote refinery of well utilised will solve the problem.

And can you buy yuan in any nigerian bank?

SalamRushdie:


Rest , your IQ is too low to understand this ...again I ask you why would China want to directly exchange Naira for RMD? Buhari tried this and knew it was beautiful nonsense, the naira is too unstable and unpopular for anyone to want to Bleep with but again your IQ is too low to ever get this

She is right oga

This deal is basically for international -bilateral trade btw two countries

Most businesses in Nigeria import from China over the years...so it's high time we stopped changing our naira to dollar before getting yuan to transact business in china ..

Now, with this development... businesses can get yuan directly in exchange of their naira for business in china.....when you get to Nigeria with yuan...you can easily change to naira without stress even if the naira is unstable...

It will reduce the extra swap cost attached with naira-dollar-yuan...

You are not wiser than the two countries who have already signed a deal.

SalamRushdie:


Low IQ 🤡 rest this is beyond your brain grade ..Didnt Buhari also claim to to do this ? How did it end

with your high IQ you can't even make yourself productive other than spending precious time on nairaland wailing and masturbating over those who don't even know you exist.

SalamRushdie:
Another beautiful nonsense, why would China want to swap Naira for RMD ? Naira has no value or demand outside the border of Nigeria

Nothing can ever make sense to you and your lots. Since Naira no value or demand beyond Nigeria border, advise China to swap with Biafra Shilling or Pounds.

damkin24:

Nothing can ever make sense to you and your lots. Since Naira no value or demand beyond Nigeria border, advise China to swap with Biafra Shilling or Pounds.

The one that Buhari did where is it ?

Realdeals:
No wonder AliExpress and Temu now process naira transactions on their portal.

And it's even far more expensive compared to Wen u buy dollar via black market

Omenlon:
with your high IQ you can't even make yourself productive other than spending precious time on nairaland wailing and masturbating over those who don't even know you exist.

At least my high IQ is changing the world with new products and services every year , what have you ever contributed to the human race than being a nuisance

What of the one wey Buhari did

Starz825:


She is right oga

This deal is basically for international -bilateral trade btw two countries

Most businesses in Nigeria import from China over the years...so it's high time we stopped changing our naira to dollar before getting yuan to transact business in china ..

Now, with this development... businesses can get yuan directly in exchange of their naira for business in china.....when you get to Nigeria with yuan...you can easily change to naira without stress even if the naira is unstable...

It will reduce the extra swap cost attached with naira-dollar-yuan...

You are not wiser than the two countries who have already signed a deal.

So you really believe the Chinese will take Naira from you ? 😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅..The chinese will only take dollars, they either that crude oil which is essentially dollars or nothing else , even Nigerians don't want Naira

Ringstonermasks:
chi chun chi


who else notice that every first five comments on Nairaland politics are flooded by the regime ers ?

They occupy the space to make it seems the people are satisfied with d current dispensation. God punish poverty.

Seems you are unhappy some people can appreciate this regime?

SalamRushdie:
Another beautiful nonsense, why would China want to swap Naira for RMD ? Naira has no value or demand outside the border of Nigeria

30% of Nigeria's imports are from china. Most of these payments are settled in dollars. Imagine if almost of of these by the dollar and the naira to dollar strain that will be reduced. That way will let the dollar rate fall.

In addition, Nigeria will be the clearing house for Africa - China meaning that the position the dollar currently holds is the same position the naira will now hold as an intermediary currency. This will raise the value of the naira.

With other African countries having lesser demand on the dollar, it will fall drastically.

Politically, BRICKS will cash in on this leading to further dollar fall. I could almost say Nigeria might lead to the downfall of the united states.

The yuan swap deal was initiated some years ago but Nigeria later halted its part probably due to pressure from the US.

In short, delaying it meant the citizens of Nigeria had to bear the weight that kept the US economy.

Now, that will change or it might also be another gra gra just to get a Nigeria - US pressure on something we've been asking united states for and later cut it again.

However, knowing our president likes to make money flow in, this one might come to fruition.

JAGABAN

Codes151:
Una just mumu sha. Acarrgae Nigerian na illiterate.

Go and smoke and stop talking.

Go school una no gree

Read to understand, una no fit. Shallow minded people

Your IQ no 67 so rest , this discussion is not for people like you, even if we explain from morning till night you can't get it and it's not your fault, you are not just genetically created mentally to understand some things, your work on earth is to eat , Bleep and cheat .

SalamRushdie:


So you really believe the Chinese will take Naira from you ? 😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅..The chinese will only take dollars, they either that crude oil which is essentially dollars or nothing else , even Nigerians don't want Naira

Yes, they will.

That's the idea of BRICS.

SalamRushdie:
Another beautiful nonsense, why would China want to swap Naira for RMD ? Naira has no value or demand outside the border of Nigeria

Don’t let hatred and bitterness go kee you as it killed those before you. JAGABAN no send una Mama

SalamRushdie:
Another beautiful nonsense, why would China want to swap Naira for RMD ? Naira has no value or demand outside the border of Nigeria

This is how you know someone typing from the psychiatric hospital

This is a good in the right direction,if Tpain can see this through then I will have to reduce my hate rate for him

altteemy:


30% of Nigeria's imports are from china. Most of these payments are settled in dollars. Imagine if almost of of these by the dollar and the naira to dollar strain that will be reduced. That way will let the dollar rate fall.

In addition, Nigeria will be the clearing house for Africa - China meaning that the position the dollar currently holds is the same position the naira will now hold as an intermediary currency. This will raise the value of the naira.

With other African countries having lesser demand on the dollar, it will fall drastically.

Politically, BRICKS will cash in on this leading to further dollar fall. I could almost say Nigeria might lead to the downfall of the united states.

The yuan swap deal was initiated some years ago but Nigeria later halted its part probably due to pressure from the US.

In short, delaying it meant the citizens of Nigeria had to bear the weight that kept the US economy.

Now, that will change or it might also be another gra gra just to get a Nigeria - US pressure on something we've been asking united states for and later cut it again.

However, knowing our president likes to make money flow in, this one might come to fruition.

Again beautiful nonsense, if China takes naira from you , what will they do with it ..please nobody Is going to take Naira for international trade , there is no demand for the Naira

Looking4Trouble:


This is how you know someone typing from the psychiatric hospital

Another low IQ cretin...counter me like someone intelligent that's if you even know what this is about

Watcharena:
This is a good in the right direction,if Tpain can see this through then I will have to reduce my hate rate for him

Your hatred for JAGABAN is eating you up, and it has no effect on the god of Politics JAGABAN

SalamRushdie:
Another beautiful nonsense, why would China want to swap Naira for RMD ? Naira has no value or demand outside the border of Nigeria

Chinese are big business man in Nigeria they need to spend naira in Nigeria, common sense you no get

Senioreddy:
A welcome development.
Reduce the demands for dollar. Who else has also noticed in recent times that capital flight has reduced and no medical/foreign trips for sometime now

So does it mean when Nigeria is making payments to Chinese it should be in Naira, what's the benefit

altteemy:


30% of Nigeria's imports are from china. Most of these payments are settled in dollars. Imagine if almost of of these by the dollar and the naira to dollar strain that will be reduced. That way will let the dollar rate fall.

In addition, Nigeria will be the clearing house for Africa - China meaning that the position the dollar currently holds is the same position the naira will now hold as an intermediary currency. This will raise the value of the naira.

With other African countries having lesser demand on the dollar, it will fall drastically.

Politically, BRICKS will cash in on this leading to further dollar fall. I could almost say Nigeria might lead to the downfall of the united states.

The yuan swap deal was initiated some years ago but Nigeria later halted its part probably due to pressure from the US.

In short, delaying it meant the citizens of Nigeria had to bear the weight that kept the US economy.

Now, that will change or it might also be another gra gra just to get a Nigeria - US pressure on something we've been asking united states for and later cut it again.

However, knowing our president likes to make money flow in, this one might come to fruition.

Then who collects the ailing naira from China?

SalamRushdie:


So you really believe the Chinese will take Naira from you ? 😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅..The chinese will only take dollars, they either that crude oil which is essentially dollars or nothing else , even Nigerians don't want Naira

The Chinese won't be paid in naira but rather their own yuan while Nigerians here will be paid in naira for international transactions.

In international trade, there sis something called Letter of Credit (LC) which is sent by a buyer's back to the seller's bank assuring that the money for the good purchased is available and will be settled when due.

That way, the Chinese pay the fee in yuan while the Nigerian gets pain in naira. Take note, the Chinese buy a lot of raw materials from us.

Our importers too will pay in naira and the Chinese bank pays the seller over there in yuan.

At the time if interbank settlement, the country that owes will balance out the other.

The dollar will have no show unlike being the current status quo.

Looking4Trouble:


Don’t let hatred and bitterness go kee you as it killed those before you. JAGABAN no send una Mama

When Buhari made this same claim 6 years ago you were among those that argued it was possible 😅😅😅 ,6 years later you are still believing the Naira can trade with the RMB on direct basis?😅😅😅😅..Low IQ is your greatest undoing

Lanretoye:
since they can't fix it with the yuan,pls tell us how they can fix it.

Does it mean we can buy goods and services from China with Naira or Yuan, which means we can direct change our Naira to Yuan in China, Going to withdraw my Naira from my bank going straight to China since I don't need Dollar again

descarado:

Then who collects the ailing naira from China?

You dey mind these clowns 😅😅

bobby007:
Chinese are big business man in Nigeria they need to spend naira in Nigeria, common sense you no get

China business in Nigeria does not reach for currency swap.

Buhari started this nonsense. Nigerian didn't feel it. They repeatedly asked how far with the swap,no answer till he left office.
Tinubu has continued from where he stopped.
This might be the last we hear of this again

altteemy:


The Chinese won't be paid in naira but rather their own yuan while Nigerians here will be paid in naira for international transactions.

In international trade, there sis something called Letter of Credit (LC) which is sent by a buyer's back to the seller's bank assuring that the money for the good purchased is available and will be settled when due.

That way, the Chinese pay the fee in yuan while the Nigerian gets pain in naira. Take note, the Chinese buy a lot of raw materials from us.

Our importers too will pay in naira and the Chinese bank pays the seller over there in yuan.

At the time if interbank settlement, the country that owes will balance out the other.

The dollar will have no show unlike being the current status quo.

The Yuan that will be used to pay them what will it be acquired with ? Is it not dollars ? Or crude oil which is also technically dollars...can you see why I say it's beautiful nonsense that's a solution to nothing