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Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessChinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics (13241 Views)

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Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by Osanoghodua1: 10:24am On Sep 02, 2025
Fantastic, but how do I benefit from this currency trade? I am ready to learn and start earning from my room like I earn trading crypto. Any materials for my learning is welcome.
Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by Bizibi(m): 10:29am On Sep 02, 2025
It is better trading with the Chinese if it is true, honestly it doesn't make sense changing to dollars to buy goods from China.
Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by kedeojo(m): 10:32am On Sep 02, 2025
Softmirror:
They are coming to tell us that it is a lie. That it is propaganda. But the truth is Nigeria is moving forward.
The funniest thing will be the ones in the remote village. Bitter leaf ipob members.
Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by richeeyo(m): 10:54am On Sep 02, 2025
Exousiang01:
Who will be dead or out of power?
The countries will be dead?
So you think as soon as a government changes everything changes?
You think this is child's play where you can jump in and out of your sand pit?

The member nations in NATO, have they not been changing leaders? has any country left because they had a new leader?
Aside from the whole BREXIT noise which country do you know that has left the EU?
The history speaks for it self,
If you inclined with this kind of topic
You would understand
Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by FIRDAUS3(m): 10:54am On Sep 02, 2025
Softmirror:
They are coming to tell us that it is a lie. That it is propaganda. But the truth is Nigeria is moving forward.
Yes oo, forward ever, backward never
Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by ibedun: 11:22am On Sep 02, 2025
Exousiang01:
I have always said the the end of Dollar domination is here. Closer than most people think.

The last nail that will shit the coffin is the introduction of the BRICS currency

Putin and his goons have strategically brought the strongest economies in each continental into BRICS, China, Saudi Arabia and India from Asia, Nigeria and South/A from Africa along side Egypt and other strong Economies in Africa then you also Brazil who who also a giant in South America.
Introduce the BRICS and watch the dollar begs for relevance
BRICS currency is not necessary so long as China accepts the local currencies of its trading partners aka the world. The predatory evil currencies ($, £, ¥, €) are facing their Armageddon and rightly so. The world can now breathe!
Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by ibedun: 11:24am On Sep 02, 2025
Osanoghodua1:
Fantastic, but how do I benefit from this currency trade? I am ready to learn and start earning from my room like I earn trading crypto. Any materials for my learning is welcome.
The Chinese approach is to eliminate speculation and trading of currencies and arbitrage for personal profit. The currency is strictly for settlement of trade in physical goods and services.
Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by omoadeleye(m): 12:31pm On Sep 02, 2025
Northernblood8:
At dollar rate. They will collect dollar equivalent in Naira. Its normal. AliExpress do collect naira MasterCard for transactions until Buhari blocked its use.

The money in my bank linked to the mastercard is naira not dollars.
Your bank would be the one to help you pay in dollar equivalent to Naira to China then
Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by Gboss247(m): 1:14pm On Sep 02, 2025
Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by Gboss247(m): 1:17pm On Sep 02, 2025
helinues:
There are reasonable online websites now which you can pay with Naira. I mean international websites.

The unnecessary demand for dollar is reducing
demand for dollars is reducing when importation is increasing?
Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by Gboss247(m): 1:18pm On Sep 02, 2025
Dottore:
Way to go. The rate need to come down more. Most Nigeria imports come from Asia
Nigerians import from Asia in naira or dollar?
Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by Gboss247(m): 1:20pm On Sep 02, 2025
Exousiang01:
I have always said the the end of Dollar domination is here. Closer than most people think.

The last nail that will shit the coffin is the introduction of the BRICS currency

Putin and his goons have strategically brought the strongest economies in each continental into BRICS, China, Saudi Arabia and India from Asia, Nigeria and South/A from Africa along side Egypt and other strong Economies in Africa then you also Brazil who who also a giant in South America.
Introduce the BRICS and watch the dollar begs for relevance
When you wake up from your BRICS slumber, Bitcoin and other dollar-based dominated cryptocurrencies now control international control trade
Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by Gboss247(m): 1:22pm On Sep 02, 2025
Cheapgadget:
Chinese people have boycotted the mighty US dollar, what a wonderful tym to be alive
Who is boycotting dollar?
Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by danietohbadt(m): 1:59pm On Sep 02, 2025
Softmirror:
They are coming to tell us that it is a lie. That it is propaganda. But the truth is Nigeria is moving forward.
American University of Nigeria charges in which currency?

Dino Melaye paid his children's school fees know which currency?

Super Falcons were promised cash reward in which currency?
Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by helinues: 2:30pm On Sep 02, 2025
Gboss247:
demand for dollars is reducing when importation is increasing?
Make una stay updated and check the latest report about Nigeria export and import

Opposition don't mean you people should be opposing for no meaningful reason
Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by Slytiger: 3:01pm On Sep 02, 2025
This is good news.
Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by Kooyepeju01(m): 5:11pm On Sep 02, 2025
Thank you, President Tinubu.
Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by nedekid: 5:21pm On Sep 02, 2025
This is a great development, one that sensible people have called for all the whole. Great to see it is finally happening. Why will I want to buy something from China them change my money to dollars then to yuan?
The dollar been abused by the US through all sorts of illegitimate sanctions has to be broken! They have abused the dollar as the world's reserve currency same with their financial system. What is the dollar even backed with? Nothing, It is just paper!
Go on alixpress today it is no longer in dollars but naira, fantastic! Very soon even our local velve card which opay and other banks issues should be linked to the Chinese alipay, Russian Mir card, the Indian, Turkish etc. We will not need the US master and visa cards which they can use to disable your economy once you disagree with them.
Re: Chinese Traders Now Collect Naira Instead Of Dollars For FOREX - Nairametrics by PSmurf: 6:39pm On Sep 02, 2025
seunmsg:
China is Nigeria’s biggest trading partner ahead of the US. Nigeria imported N14.14 trillion worth of goods and services from China and exported goods worth over N3 trillion in 2024.
So what this administration is shamefully and thoughtlessly proclaiming is a 13 trillion naira trade deficit with China, with no plans in place to address and reduce this disaster to our economy.
13 trillion naira that we are sending to China yearly, with no plans in place to stem this huge drain of our shared and limited resources.
And someone thought it wise to post this sobering indictment online, thinking it was an achievement? I'm flabbergasted.
1 2 Reply

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