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People’s Bank of China

China’s National Health Commission, on Tuesday, says no fewer than 12,552 have recovered in Chinese mainland out of 72,528 confirmed cases of Coronavirus (COVID-19) in the country.

Coronavirus cases in China fall for second day

For the second day straight, the number of the COVID-19 cases in China fell even as the death toll in mainland China passed 2,000 on Wednesday although the number of new cases fell for a second straight day, as authorities tightened already severe containment measures in Wuhan city.
China’s central bank said Sunday it will offer a 300 billion yuan ($43 billion) boost next week to help businesses involved in fighting the virus epidemic which has swept China and infected thousands.

China offers $43 billion boost to firms fighting coronavirus

China’s central bank said Sunday it will offer a 300 billion yuan ($43 billion) boost next week to help businesses involved in fighting the virus epidemic which has swept China and infected thousands.
China's benchmark CSI 300 closed 7.9 per cent lower, marking its worst day since August 2015 © EPA

Coronavirus: Chinese stocks plunge as markets reopen

Fears over the coronavirus have triggered a sharp fall in Chinese shares as markets reopened after the Lunar New Year holiday.
As the coronavirus epidemic infected about 11,000 people and killed 258, according to figures released Saturday, Singapore and Mongolia have imposed sweeping bans on arrivals by land, sea or air from China.

Coronavirus: Central bank pledges support

The People’s Bank of China on Saturday promised to help companies that have suffered losses from the coronavirus outbreak by lowering the interest rate on loans and increasing financial support for them.
BEIJING - China’s central bank said Wednesday it will cut the amount of money banks will be required to have on hand from Jan. 6 in an effort to boost the slowing economy.

China to cut reserve ratio by 50 basis points from January 6

China’s central bank said Wednesday it will cut the amount of money banks will be required to have on hand from Jan. 6 in an effort to boost the slowing economy.

China to cut reserve requirement for banks as economy slows

China’s central bank announced Wednesday it was cutting the reserve requirements for banks, freeing up about $114 billion to boost lending and spur the slowing economy.

Insights into China’s proposed digital currency

As China prepares to become the first country to launch a digitized domestic currency, market participants and experts say it is a testament to both financial innovation and Beijing’s desire to have fail-safe control over its cash economy.
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.

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Jamal Lewis is mobbed by his Norwich teammates – and substitutes – after scoring his first Premier League goal to cut down Leicester. JASONPIX-Shutterstock

Norwich secure crucial 1-0 win against Leicester

Norwich boosted their bid for Premier League survival as Jamal Lewis fired the bottom club to a crucial 1-0 win over third-placed Leicester on Friday.
The Minister of Information and Culture, Lai Mohammed, said in terms of business opportunities, employment and earnings, the entertainment industry is an unexplored keg of potentialities.

Coronavirus: Don’t fall for fake news – minister

The Federal Government is asking Nigerians not to fall for the antics of purveyors of fakes news and disinformation on social media over the new case of Coronavirus recorded in the country.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Enugu council poll: Police announce restriction of movement

Police Command in Enugu State has announced the restriction of human and vehicular movements in the state on Saturday, Feb. 29, for Local Government Elections.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

Coronavirus: Nigeria urged to suspend flights from affected countries

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP) in the 2019 elections, says it is time the federal government suspends flights from countries that have been affected by the coronavirus.
Kola Ologbondiyan, PDP publicity secretary

Coronavirus: Nigerians should hold President Buhari responsible – PDP

The Peoples Democratic Party, PDP, on Friday, urged Nigerians to hold President Muhammadu Buhari responsible if Coronavirus leads to any major calamity in Nigeria.