FirstBank moves to deepen intercontinental partnerships with China
Adesola Afolabi
July 23, 2018
First Bank of Nigeria Limited has announced strategic steps it is taking to deepen the intercontinental partnerships with its Chinese
CBN flags off SMIS in Chinese Yuan
Businessam StaffJuly 20, 2018
The Central Bank of Nigeria (CBN) Friday, July 20, 2018, flagged off its intervention in the sale of foreign exchange in Chinese Yuan,
China cuts reserve requirement ratios by 50bps to boost credit supply
BusinessamJune 25, 2018
China is set to lower some banks’ reserve requirement ratios (RRR) by 50 basis points on July 5, the country’s central
Turkish lira rallies on results of weekend election as Yuan weakens to lowest level in six month on trade war fears
BusinessamJune 25, 2018
The Turkish lira rallied sharply in early trade Monday, following the news that Turkish president, Recep Tayyip Erdogan, has won the
Nigeria central bank signs currency swap agreement with the People’s Bank of China
Businessam StaffMay 3, 2018
The Central Bank of Nigeria (CBN) Thursday announced the execution of a bilateral currency swap agreement with the Peoples Bank of
China’s central bank raises market rates as data shows economic growth moderating
Businessam StaffDecember 14, 2017
China’s central bank on Thursday nudged up money market rates as authorities sought to defuse financial risks without imperiling
Bitcoin falls as much as 11%, most since July as PBOC declares initial coin offerings illegal
Businessam StaffSeptember 5, 2017
Bitcoin tumbled the most since July after China’s central bank said initial coin offerings are illegal and asked all related