Nigeria Agrees to Begin Currency Swaps With China


Since the launch of the Chinese oil futures contracts Iran, Qatar and Venezuela have made agreements to participate in oil swaps. On May 3, Nigeria signed an agreement with China to set up a currency swap. This is an initial step prior to setting up oil swaps.

According to Sputnik News

“The Central Bank of Nigeria (CBN) has signed a currency swap deal worth about $2.5 billion with the People’s Bank of China to provide adequate local currency liquidity for transactions between national businesses, The Punch newspaper reported on Thursday, citing a high-ranking official from the Central Bank of Nigeria (CBN). The deal that is the result of two-year tense talks, aimed at facilitating bilateral trade, investments and strengthening of the financial stability of both nations as well as reducing difficulties related to the use of third currencies in mutual business transactions”.

If / when Nigeria agrees to trade with China, this will be the fourth OPEC nation to leave the petrodollar likely soon to be followed by more countries. As the Chinese oil future contracts gain traction, it will be an alternative to the petrodollar. With current sentiments about the US’s blatant corruption, it is almost a given countries will move swiftly to ditch the dollar.


How Nigerians can Exchange their SBDs to Naira


IF you are Nigerian and you are on steemit looking for a means to withdraw your steem dollar to cash in a reasonable rate. I think this post will help you on ways to converting your SBD to Naira.

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If you agree with the buyer’s rate/price on your SBD, simply send the stipulated amount of SBD to @airhack-project using the buyer’s steemit username as memo

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Once cash have been received in naira, confirm payment by notifying the buyer/group that you have received your money. @airhawk-project in turn releases sold sbd to buyer and the process comes to a clean end.thanks for reading



It was bad enough that the president spoke in an international event where other nationalities were present, It was bad that President would speak so of younger Nigerians who put their lives on the line to install buhari goverment I am not surprised to see that kind of statement coming out from the mouth of so called President, because the government does not believe in the Nigerian youths from inception.

“If you look at the arrangement, the appointment, and how the government relates with the youths of this country, you will see that they do not have respect for the Nigerian youths despite the contributions of the youths. We put our lives on the line to fight against the previous government but when it comes to sharing the goodies of government, the youths are nowhere to be found.
“We are completely disappointed in Buhari
Nigerians its time we fight for our rights, let vote right let vote for the right person,
President buhari is not worthy of our vote
Let us show him we are not lazy.
Despite the hard working of the youth !

This is the picture of the jobless people hawking on the street yet our president says we are LAZY!!
2019 is another oppourtunity Lets vote out Buhari and Vote in the the right person
NOTE; Our vote is our power

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