The Industrial and Commercial Bank of China Limited, the world’s biggest lender and Nigeria’s Central Bank on Tuesday signed an agreement on yuan transactions.
“It means that the renminbi (yuan) is free to flow among different banks in Nigeria and the renminbi has been included in the foreign exchange reserves of Nigeria,”
Implications:
CBN has signed 'Foreign Exchange Deal' With Chinese Commercial Banks.
Nigerian businessmen that want to do businesses with Chinese firms can change Naira to Yuan from Nigeria Bank without having to change Naira to US$ (in Nigeria) for US$ to Yuan (in China)...copied
http://www.channelstv.com/2016/04/12/nigeria-china-bank-reach-agreement-yuan/
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