On Thursday, the central parity rate for the Chinese currency, the renminbi, commonly known as the yuan, experienced a decline of 83 pips, settling at 7.1299 against the US dollar. This information was provided by the China Foreign Exchange Trade…
On Monday, the central parity rate of the Chinese currency, the renminbi, commonly known as the Yuan, appreciated by 219 pips, reaching a level of 7.1139 against the US dollar. This adjustment was reported by the China Foreign Exchange Trade…
…As FG moves to penalise defaulters By Blessing Emmanuel, Abuja Nigeria is losing millions of dollars annually to companies who fail to submit their technology transfer agreements to the Federal Government. The Director General of the National Office for Technology…
Following the settlement of outstanding FX backlog claims by the Central Bank of Nigeria (CBN), the Presidency has warned forex speculators to dump their Dollars. The President’s Special Adviser on Information and Strategy, Bayo Onanuga, made this call in a…
Two people were on Wednesday charged at an Ikeja Chief Magistrates’ Court for allegedly obtaining N13 million on false pretense of changing it to Dollars. The defendants are Christina Oyeleye, a woman, 39, banker, resident at 7, Adeagbo St., Abule…
A financial expert, Mr Okechukwu Unegbu, has urged Nigerians in diaspora to make remittances to relatives in dollars and other foreign currencies to preserve Nigeria’s foreign reserves. Unegbu, a past president of Chattered Institute of Bankers of Nigeria (CIBN), gave…
