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Dollar slips as yields dive on recovery worries

This is as the latest coronavirus relief package stalled in Congress and U.S. yields sank on the prospect that further monetary easing might be needed to support the economy.
Dollar

Dollar slips after political wrangling slows rally

A dollar rebound faltered on Tuesday as political wrangling over a United States relief plan and the gloomy outlook weighed on the currency.
South African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

South African rand weaker as second wave fears hurt markets

South Africa’s rand opened weaker on Monday as investors sold riskier currencies on fears of a second wave of the coronavirus in Beijing.

Forex: Central bank injects $292.34 million, CNY 22.8 million into Retail SMIS

The Central Bank of Nigeria (CBN) on Friday, February 21, 2020, continued its intervention in the inter-bank foreign exchange market by injecting the sum of $292.34million into the retail Secondary Market Intervention Sales (SMIS).
U.S. President Donald Trump said Tuesday a new trade agreement with China might have to wait until after the November 2020 presidential election, with Washington and Beijing stymied in reaching a negotiated end to their two-year trade and tariff conflict.

Donald Trump: US-China trade deal might wait till after 2020 election

U.S. President Donald Trump said Tuesday a new trade agreement with China might have to wait until after the November 2020 presidential election, with Washington and Beijing stymied in reaching a negotiated end to their two-year trade and tariff conflict.

Central bank injects $325.5 million into retail market

The Central Bank of Nigeria (CBN) has injected $325.5million in the Retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short-tenured forwards segment of the inter-bank foreign market.
(FILES) This file photo taken on February 9, 2017 shows Chinese 100 yuan notes in Beijing. The Chinese currency continued its sharp decline on July 20, 2018 despite US President Donald Trump's bid to rein in the dollar, as analysts pointed out that a weaker yuan aids Beijing in its trade tussle with Washington. / AFP PHOTO / FRED DUFOUR

Dollar steady, Yuan firms as US–China trade talks spur caution

The dollar found support on Tuesday while investors awaited the outcome from crucial Sino-U.S. trade talks in Washington, with many staying cautious as neither side has shown signs of giving ground at the negotiations.
china yuan dollar

Central bank injects $311.5 million, CNY15 million into retail forex market

The Central Bank of Nigeria (CBN) on made an intervention of 311.5million dollar in the retail Secondary Market Intervention Sales (SMIS) and 15 million Chinese Yuan in the spot and short-tenored forwards segment of the inter-bank foreign market.
Zimbabwe Dollar

Zimbabwe to introduce new currency in November – official

The Reserve Bank of Zimbabwe is to introduce a new currency in November, a member of the bank’s Monetary Policy Committee, said on Thursday.

Central bank injects $297.92 into secondary market

The Central Bank of Nigeria (CBN), has injected 297.92 million dollars into the retail Secondary Market Intervention Sales (SMIS).

Central bank injects $284.2 million, ¥36 million into retail secondary market

The Central Bank of Nigeria (CBN) has injected 284.2 million dollars in the retail Secondary Market Intervention Sales (SMIS).

Forex: Central bank injects $298.71 million into retail market

The Central Bank of Nigeria (CBN) says it has made another intervention of 298.71million dollars in the retail Secondary Market Intervention Sales (SMIS).

Central bank injects $956 million, ¥63 million into forex market

The Central Bank of Nigeria (CBN) last month expended over $956 million to defend the nation’s currency, the Naira, at the various segments of the foreign exchange (forex) markets.
China's Yuan

Nigeria-China currency swap: Manufacturers groan over Renminbi access

Almost 70 per cent of Nigeria’s imports come from China and other Asian countries, while a paltry 12 per cent comes from the United States of America. This must have, no doubt, influenced the decision of the Federal Government to negotiate a currency swap deal with China.
(FILES) This file photo taken on February 9, 2017 shows Chinese 100 yuan notes in Beijing. The Chinese currency continued its sharp decline on July 20, 2018 despite US President Donald Trump's bid to rein in the dollar, as analysts pointed out that a weaker yuan aids Beijing in its trade tussle with Washington. / AFP PHOTO / FRED DUFOUR

Central bank boosts retail forex market with $242.04 million, ¥32.3 million

In continuation of its intervention in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Friday injected about $242.04 million into the retail Secondary Market Intervention Sales (SMIS).

Central bank injects $210 million into foreign exchange market

The Central Bank of Nigeria (CBN) says it has injected 210 million dollars into the various segments of the market to sustain its intervention in the Inter-Bank Foreign Exchange Market.
Abbas Lakis

Lebanese arrested at Abuja airport with over $2 million

The Economic and Financial Crimes Commission (EFCC), on Friday said its operatives arrested one Abbas Lakis, a Lebanese for money laundering after he was found with undeclared currencies worth over a billion naira.
(FILES) This file photo taken on February 9, 2017 shows Chinese 100 yuan notes in Beijing. The Chinese currency continued its sharp decline on July 20, 2018 despite US President Donald Trump's bid to rein in the dollar, as analysts pointed out that a weaker yuan aids Beijing in its trade tussle with Washington. / AFP PHOTO / FRED DUFOUR

Kenya partners SimbaPay on money transfer to China

Family Bank, a leading bank in Kenya, has partnered with London-based financial technology firm, SimbaPay, to launch an instant money transfer service from Kenya to China.

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AFCONQ: Kaizer Chiefs confirm Daniel Akpeyi’s Super Eagles call-up

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