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The Central Bank of Nigeria has injected over $10.97bn, into the Forex Market between January and October this year, to defend the Nation’s currency, the Naira, against other major currencies, including the dollar.” (See Punch Newspaper report of November 18th 2018 titled “CBN Defended Naira with $11bn in 10 months”).
China’s trade surplus with the United States ballooned to a record $34.1 billion in September, despite a raft of US tariffs, official data showed Friday, adding fuel to the fire of a worsening trade war.
The Central Bank of Nigeria (CBN), on Friday, provided 317.52 million dollars and 58.40 million Chinese Yuan (CNY) to customers seeking foreign exchange in the agricultural and raw material sector.
The Central Bank of Nigeria (CBN), on Friday, injected the sum $303.91 million into the interbank retail Secondary Market Intervention Sales.
The President noted that with the reviewed bilateral cooperation between Nigeria and China, majority of citizens from both countries see improvement in their living conditions.
The Central Bank of Nigeria (CBN) has boosted the operations of the inter-bank foreign exchange market with about $543.22 million and CNY63.21 million after two days interventions.
The forum was meant to provide insight into how best to help clients and businesses leverage the opportunity as well as assess the impact of the Chinese economy on trade in Africa.
The Central Bank of Nigeria (CBN) on Thursday released guidelines for the bilateral Currency Swap agreement between Nigeria and China.
The Central Bank of Nigeria (CBN) said the Nigeria-China currency swap deal would not cover the importation of the 41 items banned in its 2015 circular on items not valid for foreign exchange.
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.
Deputy governor of Ekiti State, Otunba Bisi Egbeyemi, has warned officers in charge of land allocation in the Ministry of Land, Housing and Urban Development, against illegal land deal that could cause chaos among the people.
Former Nigeria U17 invitee Ovie Ejaria may have been singing Hosanna in the highest following cut short loan deal and return to parent club Liverpool, but Rangers manager and Liverpool great Steven Gerrard believes the decision is not the best for the 21 year old.
President Muhammadu Buhari on Wednesday unveiled a federal budget of N8.83 trillion for the 2019 fiscal year.
President Muhammadu Buhari has described the killing of former Chief of Defence Staff, Air Chief Marshal Alex Badeh (rtd) as “very sad and unfortunate.”
Lewis Hamilton may be the greatest Formula One driver of all time, but ‘negativity and envy’ are denying him the recognition he deserves, according to his Mercedes team boss Toto Wolff.
The Independent National Electoral Commission (INEC) says 461,988 Permanent Voters’ Cards (PVCs) are still unclaimed in Adamawa State few months to the 2019 general poll.
President Muhammadu Buhari has challenged state governors to redouble efforts in addressing infrastructure deficiencies in their respective states to revamp the nation’s economy.
This is the first time that President Mohamed Abdullahi Farmajo’s government has given fishing rights to foreigners since taking office last year.
The Federal Operations Unit Zone ‘C’ of Nigeria Customs Service in Owerri has appealed to Nigerians to engage in credible businesses, desist from importing contraband and pay their duties as required by law.
Chief Judge of Edo State, Justice Esohe Frances Ikponmwen, has warned lawyers against perpetuating injustice by being oppressive in the way the processes of court are used.