Chinese yuan and U.S. dollars are arranged for a photograph in Beijing, China, on Friday, April 2, 2010. Yuan forwards were poised for the biggest weekly gain in almost three months on mounting speculation China will loosen its grip on the currency after data showed an economic recovery is gathering pace. Photographer: Nelson Ching/Bloomberg By Fatima Mohammed-Lawal Ilorin, Jan. 11, 2020 Prof. Gafar Ijaiya, the Director of the Ilorin Business School (IBS), University of Ilorin, has advocated the use of the Chinese currency, Yuan, to benchmark Nigeria’s budget. Ijaiya, who made the call on Monday while speaking with newsmen in Ilorin, explained that, “China now seems to be our major trading partner; at the levels of government and individuals.