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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

Chicago Archbishop Cardinal Blase J. Cupich (R) talks with chairman of the German Bishops’ Conference, Cardinal Reinhard Marx, as they wait for the arrival of the Pope for the third day of a global child protection summit for reflections on the sex abuse crisis within the Catholic Church, on February 23, 2019 at the Vatican. (Photo by Alessandra Tarantino / POOL / AFP)

Cardinal admits church files on paedophile priests ‘destroyed’

A top Catholic cardinal admitted Saturday that Church files on priests who sexually abused children were destroyed or never even drawn up, a move which allowed paedophiles to prey on others.
INEC Card Reader

Election: INEC replaces malfunctioning card reader in Ifaki-Ekiti

The card reader for Ward 2, Unit 3 at Ifaki-Ekiti malfunctioned in the early hours of Saturday.
[FILES] Voters stand in a queue to cast their vote at one of the polling units in Lagos on February 23, 2019. – Nigerians began voting for a new president on February 23 after a week-long delay that has raised political tempers, sparked conspiracy claims and stoked fears of violence. Some 120,000 polling stations began opening from 0700 GMT, although there were indications of a delay in the delivery of some materials and deployment of staff, AFP reporters said. (Photo by STEFAN HEUNIS / AFP)

Police arrest nine for molesting voters in Lagos

Nine suspected cultists were arrested in Somolu area of Lagos for allegedly molesting electorate on their way to polling stations.

Watertight security at National Collation Centre, INEC headquarters

Security operatives on Saturday mounted heavy security presence at the Independent National Electoral Commission (INEC) National Collation centre situated at the International Conference Centre (ICC) and the commission’s Headquarters in Abuja.

Governor Ganduje urges would-be losers to accept defeat

Kano state governor Dr Abdullahi Ganduje, has appealed to whoever loses at the ongoing Presidential and National Assembly Elections to accept defeat in good faith.