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People’s Bank of China

China and the US have already slapped tariffs on more than $360bn in two-way trade [Andy Wong-AP]

China removes several US products from tariffs list

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 Yuan

China’s yuan sinks to weakest in 11 years amid trade tension

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.
(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

China rejects currency manipulator label

China has outrightly rejected a U.S. decision to label it a currency manipulator, its central bank said on Tuesday.
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.

China’s central bank says no intent to tighten or relax monetary policy

China’s central bank has no intent to tighten or relax monetary policy, a vice governor said on Thursday.

China central bank announces bill swaps to support banks’ perpetual issuance

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.
China and the US have already slapped tariffs on more than $360bn in two-way trade [Andy Wong-AP]

China’s Xi Jinping to meet US officials as tariff deadline looms

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.

AfDB okays fresh $200 million for Nigeria’s power sector

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.
china yuan dollar

Central bank injects $331.22 million, CNY51.86 million into retail secondary market

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.

Official: China stabilises yuan, cope with external risks

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.
(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

China’s economic growth hits nine-year low

China's economic growth has slowed down to 6.5 percent in the third quarter - the slowest quaterly growth since 2009 - as a campaign to tackle mounting debt, and trade frictions with the US take their toll.

Police nab suspects after $87 million cryptocurrency theft

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.
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.

FirstBank seeks improved Nigeria-China trade relationship

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.
Central Bank of Nigeria - CBN

Central bank begins sale of Chinese Yuan

The Central Bank of Nigeria on Friday, commenced its intervention in the sale of foreign exchange in Chinese Yuan.

CBN woos importers to trade Chinese yuan

Nigeria’s central bank is wooing local businesses importing goods from China to use the yuan instead of the U.S. dollar in its effort to support its naira currency and boost reserves.

Bureaux de Change want Chinese Yuan for customers

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the CBN to approve Renminbi (Yuan) disbursements to its members to deepen the China-Nigeria Swap deal.

Central bank to commence auctioning Chinese yuan

The Central Bank of Nigeria (CBN) on Thursday, released guidelines for the bilateral currency swap agreement between Nigeria and China.

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