International Business Times published on 11 November 2026 an article titled "Stanbic IBTC Launches Direct Naira-to-Yuan Payment Platform to Boost Nigeria-China Trade" by Debora Wub.
Nigeria's Stanbic IBTC bank joined China's Cross-border Interbank Payment System (CIPS) through the bank's parent company, Standard Bank Group in which the Industrial and Commercial Bank of China controls a 20 percent stake. The Central Bank of Nigeria welcomed the development.
