Tuesday, February 19, 2019

Tag "Naira-Yuan swap deal"

    You can now bid for Yuan, says CBN

You can now bid for Yuan, says CBN

The Central Bank of Nigeria has begun auctioning the Chinese Yuan for the first time since the naira-yuan swap deal was signed in May.According to a statement by Isaac Okorafor, acting director, communications department, the apex bank received bids on Friday between 9am and 12 noon.Results from the bids will be announced on Monday, July 24.The Yuan sales will be [...]

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    CBN to businesses: Use Yuan instead of dollar for imports

CBN to businesses: Use Yuan instead of dollar for imports

The Central Bank of Nigeria (CBN) says local businesses importing from China should use Yuan for imports instead of using dollars.However, payments for crude oil sold to China would be made in dollars.Reuters reports that officials of the apex bank made this known on Wednesday at a town hall meeting with importers in Lagos.CBN officials have been holding town hall [...]

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Exchange Rates

February 18, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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