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. The
Tag "Yuan"
China’s foreign exchange reserves unexpectedly rose for the first time in eight months, rebounding above $3 trillion as a regulatory crackdown and weakness of the dollar. Reserves rose $6.92 billion
Lukman Otunuga, research analyst with FXTM, a leading forex broker specializing in currency, stocks and commodities trading, spoke with TheCable on the Nigeria-China Yuan deal, naira devaluation, recession and the overall
The naira took a downward swing on Thursday after federal government’s disclosure that there was “no yuan swap” deal signed by Nigeria and China. The naira, which traded between 315 and 317
The naira firmed on Wednesday following the expected Nigeria-China yuan swap announced by the Central Bank of Nigeria (CBN) over
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