🇳🇬🇨🇳 Nigeria-China Trade: Chinese Businesses Move to Accept Naira Over Dollars

 In a groundbreaking move, Chinese businesses operating in Nigeria have started accepting the Naira as a means of payment instead of the U.S. dollar. This shift signals a new era in bilateral trade, aiming to reduce dollar dependence and strengthen the Naira’s position in international markets.

Economists say the move could ease pressure on Nigeria’s foreign exchange reserves, promote local currency stability, and make imports from China more affordable for Nigerian traders. It also reflects China’s growing interest in deepening economic ties with African nations through flexible and inclusive trade policies.

If sustained, this change could boost confidence in the Naira and set the stage for stronger Africa-Asia economic partnerships.

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