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Chinese Currency

The wrong way to defend the naira

The Central Bank of Nigeria has injected over $10.97bn, into the Forex Market between January and October this year, to defend the Nation’s currency, the Naira, against other major currencies, including the dollar.” (See Punch Newspaper report of November 18th 2018 titled “CBN Defended Naira with $11bn in 10 months”).
China's Yuan

CBN Yuan auction estimated at N3.6 billion

The Central Bank of Nigeria (CBN) has estimated its first auction of the Chinese Yuan Renminbi (CNY) at N3.6 billion, an exchange rate between N49 and N51 per Yuan.

Currency swap: Naira will gain strength against dollar – economist

An economist, Dr Chijioke Ekechukwu, says the naira will gain strength against the dollar when the Nigeria-China currency swap takes effect.

Recent Stories

Jose Mourinho was at Tottenham’s training ground to meet his new squad following his appointment as Mauricio Pochettino’s replacement at the struggling Premier League club on Wednesday.

Jose Mourinho meets Tottenham squad after being named as new boss

Jose Mourinho was at Tottenham’s training ground to meet his new squad following his appointment as Mauricio Pochettino’s replacement at the struggling Premier League club on Wednesday.

Group advocates reduction in age of access to SRH services

The New HIV and Vaccine Microbicides Advocacy Society (NHVMAS) Wednesday urged the Federal Ministry of Health to reduce the age of access for both Sexual Reproductive Health (SRH) and HIV testing services to 14 years.
President of the Senate, Ahmad Ibrahim Lawan (left) with the Senate Minority Whip, Senator Philip Tanimu Aduda, during the plenary on Tuesday, November 19, 2019. 4

Senate issues 7-day ultimatum to CBN, FIRS, others

The senate on Wednesday issued 7-day ultimatum to the Central Bank of Nigeria, the Federal Inland Revenue Service, and others defaulting to submit their statements of income and expenditure accounts spanning from 2017- 2019 to do so or face dire consequences.

Police nab most wanted serial rapist in Lagos

The suspect, Chuks Emmanuel, is currently facing interrogation at the Area F Police Command, Ikeja, for alleged rape and fraud.
Grammys

Key nominees for the 2020 Grammy Awards

Here is a list of nominees in the major categories for the 62nd annual Grammy Awards, which will be handed out January 26 in Los Angeles.