By Ajogwu Jerry
In a proposed development, Britain’s Export Finance Agency accepts to add the Naira to its list of pre-approved currencies in order to provide financing for transactions with Nigerian businesses denominated in the local currency.
By implication, the Naira will be listed as one of the three West African currencies that UK Export Finance has pre-approved for its programme of funding transactions that promote trade with Britain.
This is coming few months after the United Kingdom and the EU struck an agreement that paved the way for talks on future trade ties.
It will be recalled that Britain voted to leave the European Union in 2016. This decision compelled London to rethink its trade ties with the rest of the world.