₦airaland Forum

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NAN reports that in 2014, the CBN’s deputy governor, Kingsley Moghalu, said the bank was looking to increase the percentage of Yuan foreign reserves in its possession from two per cent to seven per cent.

According to him, 85 per cent of its foreign reserves were in dollars and it needed to have more in Chinese Yuan, as the country was taking a more important place in global trade.

“It was clear to us that the future of international economics and trade will shift in large part to business with and by China. Ultimately the renminbi (Yuan) is likely to become a global convertible currency,” Moghalu said.

SOURCE: https://www.pmnewsnigeria.com/2018/05/03/china-nigeria-sign-currency-swap-deal/

Goatluck Jonaddaft started several laudable policies, projects e.g. BVN, STA, Currency Swap, e.t.c. but he did not have the political will to fully implement any one. Now, Buhari is reviewing implementing all abandoned policies. I wonder how Jonaddaft got the confidence to "toast" imPatience, maybe na the woman toast am sef.

bejeiodus:
Atiku should be careful to keep away from men like Gbenga Daniel. He can't deny being corrupt, yet keeps company of men like OGD, the man who almost sold Ogun State.

A thief cannot leave fellow thieves. Birds of the same feather flocks together.

Obasanjo said that you rely on imported Marabouts from North Africa and Middle East to determine your life moves. Have they told you that you will be president again? You will die chasing this your evil dream.

China’s central bank said Thursday that it has inked a currency swap agreement with its counterpart in Nigeria.

The agreement will allow the two sides to swap a total of 15 billion Chinese yuan (2.35 billion dollars) for 720 billion Nigerian naira, or vice versa, in the next three years, the People’s Bank of China (PBOC) said on its website.

The move is aimed at facilitating bilateral trade and investment and promoting the financial stability of both sides, the PBOC said. The deal can be extended by mutual consent.

A currency swap deal allows two institutions to exchange payments in one currency for equivalent amounts in the other to facilitate bilateral trade settlements and provide liquidity support to financial markets.

NAN reports that in 2014, the CBN’s deputy governor, Kingsley Moghalu, said the bank was looking to increase the percentage of Yuan foreign reserves in its possession from two per cent to seven per cent.

According to him, 85 per cent of its foreign reserves were in dollars and it needed to have more in Chinese Yuan, as the country was taking a more important place in global trade.

“It was clear to us that the future of international economics and trade will shift in large part to business with and by China. Ultimately the renminbi (Yuan) is likely to become a global convertible currency,” Moghalu said.

Since 2014, the world market has recognised the Yuan as a likely global reserve currency, a replacement for the dollar, which has led countries like Ghana, South Africa and Zimbabwe to integrate the renminbi (Yuan) into their financial markets.

As a result of this, trade (however imbalanced) has increased between certain countries on the continent and China, as well as providing a fertile ground for demand for the currency on the continent.


SOURCE: https://www.pmnewsnigeria.com/2018/05/03/china-nigeria-sign-currency-swap-deal/

BankeSmalls:
Why does Buharri want to kill Yoruba owned businesses?

I think you are high on weed. Obasanjo Farm is not Yoruba owned. It is owned by Obasanjo from Nigeria's looted funds.

ClumsyFlimsy:
Lol..this jihadist dullard thinks he can bribe ndigbo


Make I join the back to daura crew


#Back-To-Daura

Your 5% vote is inconsequential, the 2015 elections already proved that.

love2love:
In that case the president can go on spending as he wishes without following due process provided the recipients confirm they got the money. We could as well just erase that part of the Constitution and remove all breaks.

Yes unlike the puff-puff cheeked world bank house girl called Ngozi Okonjo-Iwealla and the unfortunate fisherman with a fake PhD called Goatluck Jonafdaft how both looted the treasury and statched the money in foreign accounts without receipt.

Chubhie:
The next generation is in trouble.

I would be gone before then.

CollinsWeGlobe:
Ogun kill Buhari and all the APC supporters

Send me your address, I don't want the Thunder that will strike you to miss its target.

omogin:
APC is an unfortunate curse on Nigeria

Just as you are an unfortunate child.

tociano009:
yusuf should first go and farm, he should return back to Daura on your half hectare cow farm, Madman with an empty brain,



Sowore2019

Go and Die. Tell Sowore to go and contest for Councillor in his village first.

kaorama:
Lies from a well known liar. The very first one from the evil party in the new month of May. The unproductive workers are mostly your people who have remained the roadblock in the wheel of progress of this country. You will choose to remain parasites, not minding if the country goes down.

Are you mad? Is it not true that many states were owing workers several months of salary? Is it not true that the President gave many States bailouts? Didn't the president bailout several states more than twice? The NLC is such an ungrateful association of lazy workers for them not to be thankful to Buhari for giving states bailouts to pay backlog of salaries. Didn't we later read that many of the state governors even embezzled the bailout funds? Some of these states governors are even in court over embezzlement of bail out funds. If not for the president's bailouts, miscreants like you would have died of hunger because your state governor would not have paid your parents for several years. Something is wrong with you lazy youths from potopoto republic.

Drnice2:
Did U notice anything in that pic? They are not walking side-to-side unlike the way Trump welcome other Leaders. Sure, they will both talk as friends cos it's unprofessional to snub his guest, but deep inside Trump he's furious about Jubril.

You will just die of hypertension over nothing. Lazy youth, go get a job or start armed robbery and kidnapping like your brothers, in no time, you will shot dead by Nigerian Police.

franozx:
ass lickers at it again

Planning how to use children of potopoto republic for pepper soup and suya again as they did in 1967.

adadike:
U need to see how I prayed yesterday for Trump to issue a stern warning on d killing of Christians in Nigeria and God did answer my prayers. Shame on our enemies!!!

You should be praying for a job instead of praying for Trump to issue statement. If you get a job then you will spend less time trolling Buhari.

There is no polling unit on facebook or instagram, so your rants of the lazy youths won't count as votes. The 10 million Northerners that have been voting for Buhari since 2003 are still alive and they are not on Social Media. By the time our brothers from Niger Republic, Chad, Northern Cameroon, Libya and Mali join to vote, lazy youths from potopoto republic of drugs and crime will cry on their computers when they see results. Have you seen the abandoned voters cards graph that INEC released? All Northerners have collected their cards including the underaged and even the dead, while Southerners abandoned theirs with INEC. No need of going to collect yours, Northerners will help you to collect it and give it to their brothers from chad and Niger to vote Buhari. No one can defeat Buhari. That is a fact. Either the election is free or rigged, nobody can defeat Buhari in Nigeria as at today.

CarlosTheJackal:
everything about this dullard is prepared because he is just like a Grenade with a faulty pin.



buhari the dullard in chief

Here is another unfortunate child from the potopoto republic of drugs and kidnapping.

fk001:
Nigeria is a great country with great people.



Only unpatriotic IPOB will speak against their father land

Point of correction, Nigeria is not the father's land of IPOB. IPOB's father's land is the potopoto republic of drugs, kidnapping, fake drugs and armed robbery.

IsaAbubakar:
Aisha is a shameless corrupt prostitute
Yusuf is a useless worthless common criminal

This one is an unfortunate child. A lazy youth with no future ambition.

Pierced:
This woman is d biggest scam to ever happen to Nigeria's politics.........she was just doing eye service when she came online to expose her husband and claiming she won't support him if he runs again.

lol......paying accolades to a man that has done nothing to deserve it..........is her being a hypocrit.(The biggest hypocrit of all time.

From boko haram....fulani herdsmen....massive corruption...police and army brutality against ipob when the people in need of the brutality is fulani herdsmen.....poverty.....unemployment.....inflation......calling Nigerian youths lazy......bar economic policies.....etc.

2019 will be very interesting.....get ur pvc Nigerians.

You will die of hypertension when inec declares Buhari president in 2019. Aisha Buhari deserves plenty accolades herself.

nifemi25:
I hope Donald trump will ask him why he called us lazy youth

Trump already knows why. Trump knows that many of you are internet fraudsters who do not like to work but love only drug, crime and sex.

Olalan:
And a governor made him an ambassador for education?

Instead of ambassador for public sex.

Good job LRU. Keep it up. However, I have reservation about commissioning projects not to talk of commissioning one big equipment. It just doesn't add up in my brain.

Lazy youths love Diezaini, they want to be like her one day, controlling a mum president and looting the treasury. But the gods of our land shall never allow them. The spirits of Awolowo, Azikwe, Balewa e.t.c will haunt them down.

information1:
Anyone who dies must have done something wrong – Guru Maharaji

In his words;

“. If you are a good man, death does not exist. Anyone who dies must have done something wrong..”
https://talkgeria.com/anyone-dies-must-done-something-wrong-guru-mahraji/

You are right Sat Guru. The Bible says that the wages of sin is death, but the gift of God is eternal life. So anyone who dies must have sinned. If this is not true, then someone must have written what God did not say in the Bible.

Onechancearmy:
A slave kneels to greet a slave master.

The two are from the group of people that used over 3,000,000 of your brothers and sisters for pepper soup and sits between 1967 and 1970.

frankdoz:
afonja Muslim from eweduland! see his real face below

Yes, the ones that used your mothers, sisters, nieces and cousins as sex slaves after killing about 3,000,000 others between 1967 and 1970. It's a nightmare that will continue to haunt your generations yet unborn.

This is peaceful protest. Now, compare it to the violent procession of the Islamic Movement in Nigeria (IMA). Yet, some people who hate Muslims and Islam will still support the violent procession of the IMA just because they hate Buhari.

Koph:
Every Sunday NL pushes topics that are targeted at ridiculing Christian practises to front page and everyone jumps in to make all manner of comments. However on Fridays, the topics pushed to the FrontPage for Muslims promotes and propagates the faith, you can not even comment without swearing to an oath of allegiance to the Faith. Are NL moderators on a mission against the Christian Faith?
Let every True Child of God reflect on this before promoting or commenting on post such as this lest you join the enemies to pull down the church, yes the Church has its challenges but that is why Christian need to walk with the Lord to be conformed to his image.

Did Nairaland also force you to open www.nairaland.com?

Onechancearmy:
Black Americans don't owe you guys s-h-i-t. You sold their ancestors into slavery and now the descendants of those slaves are living a higher standard of life than most of you porch monkeys can ever dream of.

What your youths are trekking over the Sahara desert and drowning in the Mediterranean Sea to obtain illegally, Black Americans are enjoying while sitting in the luxury of their homes.


You're not even ashamed of yourselves that your Plasticine artists copy everything (fashion,dress sense, hip hop) from African Americans, yet you get triggered because of a handful of anonymous comments on twitter.

Wether you like it or not, you live in a poor underdeveloped country ruled by an incompetent, moronic leader who has nothing meaningful to offer.

Deal with your Edo prostitutes, ritual killers, drug dealers, 419ers, fulanus herdsmen, boko haram etc and stop directing your poverty induced frustration in the wrong direction (african americans) and start directing it at your miserable selves.

This one is an unfortunate child. A wretched illiterate.

NaijaMutant:


Click LIKE to impeach buhari

After Buhari sent police to guard the useless Senator?

diasporaman:
Imagine Festac that the Igbos developed that supposed to be a colony of Ndi Igbo

Yes, Igbos develop everywhere except Igboland that is why they cannot stay in their potopoto republic of drugs and crime.