Home Topics Chinese Yuan

Chinese Yuan

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.

NEMA counters House of Reps’ claims on alleged fraud

The National Emergency Management Agency (NEMA) has countered the claims of violation of public trust against it by the House of Representatives Committee on Emergency and Disaster Preparedness.

N33 billion fraud: House of Reps lied over embezzlement of funds – NEMA

The National Emergency Management Agency, NEMA, has insisted that the House of Representatives lied in the report of its committee on Emergency and Disaster Preparedness, which indicted the agency of violation of public trust in the disbursement of over N33bn emergency intervention fund.

Central bank injects $318.03m into forex market

The Central Bank of Nigeria (CBN) on Friday said it injected about $318.03 million into the retail secondary market intervention sales (SMIS) of the inter-bank foreign market.

NEMA expresses shock over House of Reps’ indictment

The National Emergency Management Agency (NEMA) has expressed shock over allegations of violation of public trust made against it by the House of Representatives committee on Emergency and Preparedness Response.

NEMA clarifies alleged House of Reps indictment

The National Emergency Management Agency (NEMA) has expressed shock over the findings and conclusions presented by the House of Representatives committee on Emergency and Preparedness Response.
China's President Xi Jinping (R) meets former US secretary of state Henry Kissinger at the Great Hall of the People in Beijing on November 8, 2018. (Photo by THOMAS PETER - POOL - AFP)

China’s exports hold up despite US tariffs

China's exports to the United States and the rest of the world saw a surprise jump in October, data showed Thursday, suggesting businesses are ramping up trans-Pacific shipments before higher tariffs kick in.

Central bank injects $337.16 million, 56.17 million CNY into forex market

The Central Bank of Nigeria (CBN) on Friday said it injected 337.16 million dollars in the retail Secondary Market Intervention Sales (SMIS) in its first intervention in the inter-bank foreign market for November.
Dollar

Dollar rally moves to Asia after US data but stocks tumble

The dollar continued to brush aside other currencies Thursday after further proof of the booming US economy sent Treasury yields surging, but Asian equities sank with more Federal Reserve rate hikes looking certain.

Central bank injects $210 million into foreign exchange market

The Central Bank of Nigeria (CBN) has sustained its intervention in the Inter-Bank Foreign Exchange Market by injecting 210 million dollars into the various segments of the market.
US President Donald Trump speaks during an event to announces a grant for drug-free communities support program, in the Roosevelt Room of the White House in Washington, DC, on August 29, 2018. - AFP PHOTO - MANDEL NGAN

Donald Trump slams tariffs on $200 billion Chinese goods

U.S. President Donald Trump has directed aides to proceed with tariffs on about another $200 billion of Chinese goods, despite Treasury Secretary Steven Mnuchin’s attempts to restart trade talks with China, a source familiar with the matter said.

Recent Stories

Stakeholders react to presidential directive on forex restriction

Stakeholders have continued to react to the recent directive given by President Muhammadu Buhari to the Central Bank of Nigeria (CBN) to restrict forex on food items being imported into the country.

Ibraheem El-Zakzaky: I live in a large house, well furnished — video

In a trending video, leader of the Islamic Movement in Nigeria, Sheikh Ibraheem El-Zakzaky glamorized his detention experience since December 2015.
Turkish President Recep Tayyip Erdogan gives a joint press conference with his Russian counterpart at the Kremlin in Moscow on April 8, 2019. (Photo by Alexander NEMENOV - AFP)

Turkish lawyers threaten boycott of Erdogan’s courts ceremony

Dozens of Turkish bar associations are threatening to boycott President Recep Tayyip Erdogan’s planned ceremony to open the judicial year at the presidential palace, saying it would be another violation of the judiciary’s independence.

Four dead in Romania psychiatric hospital attack

Four people have died and nine were injured after being attacked by a patient in a psychiatric hospital, Romanian press reports said Sunday.
Senator Enyinnaya Abaribe

Senator Abaribe: ike Ekweremadu’s attack is un-Igbo

The senator representing Abia-South senatorial district, Enyinnaya Abaribe, has condemned the attack on the former deputy senate president, Dr Ike Ekweremadu, by members identified as the Indigenous People of Biafra, IPOB.