CBN Moves To Boost Use Of Chinese Yuan

  By Stephen Ubanna Worried by the low patronage  of the Chinese  currency, Renminbi, Yuan,   by Nigeria importers ,  for their transactions in the Asian country of China, the Central Bank of Nigeria, CBN,   has approved some  mouth watery  fresh incentives  for the importers who patronise the Chinese  currency in payment  for their importations  instead of using  the United States, US, dollar to settle the bills of their suppliers  in China. Ahmed  Abdullahi, the CBN Director of Bank Supervisions confirmed the Bankers Committee decision, stressing that the it was taken…

Read More