SixOneGeo Hub

CENTRAL BANK OF NIGERIA HAVE FINALLY SIGNED THE CURRENCY SWAP DEAL IT'S WORTH! READING... IN CASE YOU DON'T UNDERSTAND   I know Most of You 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 ...