Before the currency swap deal, an importer must convert naira to dollar then convert dollar to yuan before he or she does business with China. Positive impact from the agreement, before the deal, mr A wants to buy a techno phone at the cost of 50 yuan, mr A will have to convert naira to dollar, the current exchange rate is 6.463yuan to 1 dollar, now 50 yuan now = 50/6.463=7.73 i.e mr A needs 7.73 dollars to buy the techno phone which costs 50yuan, due to scarcity of dollars, i peg 1naira to 320 dollars, now 0r A needs 7.73 dollars, then he will have to convert his naira to dollar i.e 7.73 *320=2475.63, mr A needs 2475.63 naira to buy the techno phone.. After the deal was signed mr A will just need to convert naira to yuan pegging yuan to 30naira, this will be 50*30=1500, mr A now needs just 1500naira to buy the phone. Difference 2475.63-1500=975.63. Mr A have saved 975.63naira.
God Bless Buhari

Buhari signs currency swap with China, what this means is that you don't need to convert naira to dollars before converting the dollars to yuan for trading in China, you can just convert naira straight to yuan and do your imports from China, this means trading at a cheaper rate, hence prices of commodities will have to reduce, i expect prices of techno phones and other imports from China to beat down soon, this will reduce the over dependence on dollars which current exchange rate is high, it is worthy to note that 1 yuan = 30 naira. I will never regret voting change, better days ahead, patience is the key.
Can we list commodities imported from China?
Market men and women dollar don increase abi! make we also hear say yuan don cheap.
God bless Buhari
God bless Ortom you are following Buhari's foot steps.

I have read with dismay when senator Peter Nwaoboshi of PDP Delta North rant that, PDP will produce the next senate president if Senator Bukola Saraki is ousted out by the code of conduct tribunal, he further made reference to the control of the senate by the republican in the USA were as the president is a democrat, and i ask why copy the leadership structure from USA, but not copy the leadership integrity from them? i therefore conclude that the same way CCT is used against Saraki, if found guilty then any other senate president elected by the PDP, shall be followed up by the CCT, and i doubt if any PDP senator can come clean before the CCT.

By the time Buhari employ millions of people in 3 years, who will need PDP, infact PDP is not the 100th option for now.

I want to state my support for the recent press release by APC indicating that there is no vacancy in Aso Rock, this is base on the fact that recently PDP are becoming gittery as their party is fast becoming regional, a regional party is a political party that have her base in one single region, the last time i check most Nigerians vote base on ethnicity and not credibility, even if credibility counts i believe LP or APGA can atleast sell their lies to the masses , while the umbrella party has nothing to sell again the masses only want to hear them apologise ,hence i establish that APC has no contender for the seat of presidency for now, because PDP is not an option, i want to also tell Tonyebarcanista that when 2019 comes, a typical Northerner will not think about, Shiites attack,or Agatu massacre as you insinuate, because our leaders have succeeded in relegating out taughts to that of ethnicity which is the main drive of election success for now, they will only think the East want to collect power from the North , certainly a typical Northerner believes PDP is a party of the SS and SE, while a typical Eastener believes APC is a party of the Northerners, so how will the umbrella find her way to Aso Rock? If you are waiting for PDP to collect power from the APC at the national then The broom will rule till............infinity.

Wailers lets meet again online at the beginning of the fiscal year of 2017, by then APC might have atleast exhausted her 2016 budget of change, Buhari have just managed to complete PDP's 2015 envelope budget of corruption. Change starts soon.

Towards the 2015 presidential election, APC supporters were working hard online trying to drive some points, why the need for a new government, we got exactly what we wanted we control majority of the state and the national, hence we are now so busy brainstorming with the government on how to make the ordinary Nigerian feel the impact of this change, we are no longer idle like the wailers/PDP supporters who have lost their national cake of corruption, hence they wail online all day as a result of joblessness, please stop distracting us we are busy now.

Abacha met $494million as against Obasanjo's $3.7billion, so if he was alive he will tell OBJ, to shut up too abi.

From 1999 to 2015 its a whole lot of 16 years different, technically what $3.7b could do those days $30b could do almost same as result of increase in prices from the then 1999 to 2015. Hence i expect a greater reserve, than $30b

Insults don't move me, i absorb all comments.

I woke up this morning and saw online reverberations like, Obasanjo met $3.7b while Buhari met $30b, etc. I was shocked at this lack of intelligence from wailers, and i ask how can this kind of youths pass a simple job interview, could this be the reason most are unemployed? Here is my take i think the value of $3.7b as of that time is more than $30b for example my University school fees as of that period was #11,000 today same University undergraduate pay #50,000 can you spot the difference? Intelligently, it is out of place to compare these two reserves.

And the dangerous trend continue accelerating

After the 2015 presidential election, re-runs upon re-runs have also been conducted in different states, observations have shown that our leaders have relegated our taughts to simple ethnicity, even after the election survey across online social media forums, indicates what keeps reverberating are things like, ''wailing wailers'' ''zombies'' ''dullards'' ''ineffectual ranting from inconsequential meddlesome interloper'' etc. Certainly these rantings by interlopers are effectual, because it has succeeded in diverting our attention from track records of leaders to ethnicity, this was further attested in the Bayelsa and the current Rivers election, as this continues, hardly will you see the children of our leaders drag into this, as i write i don't know the name of any son of my governor, same as many other leaders. If a typical Northerner sees PDP as easten party like wise an Eastener sees APC as a Northern party, then where do we go from here?

You don't need to worry yourself even before the trial Saraki and his loyalists are already PDP in spirit, its better they even decamp, so that we know the real senators in APC.only a few APC senators are with Buhari the rest are towing thesame line of corruption as PDP.

If you stay with PDP for 16 years and still trust them, then it means you will still trust your wife after catching her pants down on your matrimonial bed with another man. PDP can not be my 100th alternative.

Me i don't want to be corrupt Home lesson is my business, Abuja environment only. 07035574108

Even if they advertise these jobs will it change the fact that only the connected will still be chosen at the end, the children of the poor will just run in the sun a whole week and will not be recruited, so what is the difference. Me am not connected so am waiting for teaching job were you don't neccessarily need a godfather to be recruited. Am still connected with God so its possible i will get job some day.

When PDP wins Kano or Sokoto then i will be moved. By 2019 north vote north south vote south if it contines that way north will rule till world go end. Sentiments can't take ss to the presidency that they know.

Claiming stunch and still running to national assembly, however your ranting does not stop DSS from working.

The anti-money lundering bill sent to them, have they passed it, senate seems to be wasting time on one-man many wife issues, living out important over sight functions.

You can't pack yourself inside bus, but you pack yourself inside plane when travelling, why not have private jets or helicopters too.

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SS has joinedthis ignorance, Nigeria has recovered and still recovering enough to run the country for two years without crude oil sales, so keep wasting your time, human right come and warn them before you start crying later, this has nothing to do with agitation, this is sponsored criminality, Nigeria have enough equipment now to test run it on criminals ooo.

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Well done one of the best brains of Nuero-pharmacology in Rusia, you did your best, perhaps Rusia will recall you back to where you were before coming to Naija, you did well and merited your second term.

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Budget Irregularities
president Buhari appoints new Director General and special advicer to minister of Budget and National planning, mr Tijjani Abduhalli and mr Ben Ifeanyi Akabueze respectively.
#summarynews

Senatorial and House of assembly election coming soon in Rivers, SC has said use all means and get to power its accepted, APC be wise after that election let it b PDP that will take you to court.

Types of Banks 1.Retail bank 2.Commercial bank 3.Cooperative bank 4.Investment bank 5.Specialized bank 6.Central bank and the recent one is 7.Soak-away bank

From cutting kpomo to cutting fish
from cutting fish to cutting billboard, hmmmmm, were all these in Fayose's budget proposal, because these are the only projects i see Fayose doing.

Human right lawyers will not call Tompolo to order now abi, when he is arrested they will start making noise on papers about human right, well the advertorial is also an evidence to nail Tompolo later.