As naira dips against dollar, BDC’s demand more Renminbi
The value of the naira on Monday night dipped against the dollar at the parallel market going up by more than N3.
Meanwhile BDC operators are calling on the Federal Government to as a matter of urgency approve the Renminbi (Yuan) disbursements to its members to deepen the China-Nigeria currency Swap deal entered into by both countries.
According to the BDC operators the approval would enable BDCs sell Personal and Business Travelling Allowances to its customers in Yuan.
Meanwhile the Central Bank of Nigeria has continued with its intervention at the FOREX market when on Friday it injected a fresh 340.5 million dollars and 69.9 million Chinese Yuan into the market.