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People’s Bank of China

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.

Central bank issues guidelines on Naira-Renminbi swap deal

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

Nigeria, China ink currency swap deal

China’s central bank said, on Thursday, that it had inked a currency swap agreement with its counterpart in Nigeria.

China’s Xi Jinping forms new economic team

China elevated key confidante of President Xi Jinping to one of the top positions in government on Monday as Beijing curbs riskier financing and debt build-up that may pose systemic risks to the country.

China’s foreign exchange reserves hit $3.14 trillion

China’s foreign exchange reserves rose to $3.14 trillion in December, their highest in more than a year, blowing past economists’ estimates, central bank data showed on Sunday.

Dollar, stocks drop in Asia as Fed fails to inspire

The dollar suffered fresh losses on Thursday as Asian investors followed their New York counterparts in shifting out of the unit, unmoved by another interest rate hike and an upbeat assessment of the world's top economy.

China raises yuan rate to 16-month high as dollar sags

China raised the exchange rate for the yuan against the US dollar for the 10th consecutive session Friday, pushing the unit to its highest level in 16 months.

China bans ICOs, calls it ‘illegal fundraising’

China on Monday banned individuals and organizations from raising funds through initial coin offerings (ICO), saying the practice constituted illegal fundraising.

Recent Stories

Coronavirus: Edo begins televised classes for SSCE, NECO students

Following the disruption in academic activities by the Coronavirus (COVID-19) pandemic, the Edo State Government will on Monday, April 6, 2020, begin state-wide broadcast targeted at students in Senior Secondary Schools preparing for West African Senior School Examination (WASSCE) and National Examinations Council (NECO).
The ICPC has said the arrest and detention of the former chairman of the defunct Special Presidential Investigation Panel, Okoi Obono-Obla, was done within the ambits of the law.

ICPC: Okoi Obono-Obla’s arrest, detention followed due process

The ICPC has said the arrest and detention of the former chairman of the defunct Special Presidential Investigation Panel, Okoi Obono-Obla, was done within the ambits of the law.
Chris Isiguzo

NUJ begs government to avoid Chinese medical team

The Nigeria Union of Journalists (NUJ) has pleaded with the Federal Government not to get Chinese medical team involved in the fight against Coronavirus in the country.
5G phone masts are being set alight in the UK, after online conspiracy theories have misleadingly linked the cell towers to the coronavirus pandemic.

British 5G towers set on fire over coronavirus conspiracy theories

5G phone masts are being set alight in the UK, after online conspiracy theories have misleadingly linked the cell towers to the coronavirus pandemic. The BBC reports that at least three 5G towers were set alight last week, and police and fire services were called to extinguish the flames.
Kalidou Koulibaly has called Napoli's 4-0 Champions League win over Genk on Tuesday night an important victory.

Napoli’s Kalidou Koulibaly celebrates Senegal on 60th Independence Day

Napoli defender Kalidou Koulibaly has taken to social media to join in the celebrations of his country Senegal which marked its 60th Independence Day on Saturday.