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People’s Bank of China
China on Wednesday said it would spare a number of US products from punitive tariffs in what is seen as an olive branch by Beijing in the protracted trade war ahead of high-level talks next month.
China’s currency slid on Monday to its weakest point in more than 11 years as concerns over the US trade war and the potential for global recession weighed on markets.
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.
China’s central bank has no intent to tighten or relax monetary policy, a vice governor said on Thursday.
PBOC’s Vice Governor, Pan Gongsheng, said on Tuesday that China would provide further support for banks’ perpetual bond issuance, including examining ways to broaden the investor base for such bonds, to help boost lending in the economy.
Chinese President Xi Jinping plans to meet top American officials in Beijing this week, a report said on Wednesday, as the world's two biggest economies rush to patch up their trade differences amid threats of an expanded trade war.
The African Development Bank (AfDB) Group Monday said it provided $150 million for the project. The balance of $50 million was issued from the Africa Growing Together Fund (AGTF) – a $2 billion facility sponsored by the People’s Bank of China.
The Central Bank of Nigeria (CBN) has continued its intervention in the retail Secondary Market Intervention Sales (SMIS) by injecting a total of $331.22 million in that segment of the market, in addition to CNY51.86 million in the spot and short-tenored forwards segment.
China’s healthy economic fundamentals and ample foreign currency reserves will help keep the yuan stable, Pan Gongsheng, a vice governor at the People’s Bank of China, said on Friday.
Chinese police have arrested three suspects alleged to have stolen assets worth 600 million yuan ($87m) through hacking, state media reported Sunday, as cyber criminals target holders of bitcoin and other virtual currencies.
As part of its strategic drive to strengthen business partnership between Nigeria and China, First Bank of Nigeria Limited recently organised the First Bank-Chinese Business forum.
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The Chief of Air Staff, Air Marshal Sadique Abubakar, on Saturday implored Nigerian Air Force (NAF) personnel to maintain good civil-military relations in order not to put the Force in disrepute.
The Peoples Democratic Party Youth Network has called on Bayelsans to ignore a wild rumour being peddled by unscrupulous characters about a purported meeting between Governor Seriake Dickson and the Minister of State for Petroleum Resources, Chief Timipre Sylva.
A former Head of State, General Abdulsalami Abubakar has called on Nigerians to raise the bar of peace in all their endeavors.
Kogi Commissioner for Environment and Natural Resources, Mr Sanusi Yahaya, announced that over 150 communities have been submerged following floods in nine Local Government Areas (LGAs) of the State.
Tragedy struck the Cross River University of Technology, CRUTECH, community, Calabar, as a popular shop operator, Goody, died while jogging at the wee hours of Saturday.
The Police Command in Niger State has arrested five persons for alleged criminal conspiracy and culpable homicide in Kontagora Local Government Area of the state.g
Two anti-establishment candidates in Tunisia's divisive election claimed on Sunday to have won through to a runoff, hours after polling closed in the country's second free presidential poll since the 2011 Arab Spring.
Hundreds of members of the “Yellow Vest” protest movement demonstrated in Paris on Saturday, leading to the arrest of at least 90 people in the French capital, police said.
Nasarawa State House of Assembly, Tuesday nullified the purported creation of additional village and district areas in the state.
President Cyril Ramaphosa of South Africa has dispatched three special envoys to seven African countries to deliver messages of pan-African unity and solidarity following xenophobic attacks in South Africa, the Presidency said on Sunday.