and more. Knowing the exchange rates of these foreign currencies to the Nigerian Naira is crucial to many businesses found in the country. It is also important for you to note that the Central Bank of Nigeria (CBN) has
the State Administration of Foreign Exchange said on Wednesday. The amount marked a decline of $28.3 billion or 0.88 percent compared with the end of April. On the other hand, SAFE data showed China
From January to September, the ministry continued to roll out policies such as phased reduction in unemployment rates and work-related injury insurance premiums and one-time subsidy for job expansion activities, which helped reduce costs of businesses by 141.9 billion yuan. Meanwhile, it spent 80.9 ...
The central bank has also reinforced its commitment to firmly forestall any foreign exchange rate overshooting and keep renminbi exchange rates generally stable at a reasonable and balanced level. More attention should be given to the exchange rate of the yuan against a basket of currencies, Zou La...
Five biggest state-owned banks cut deposit rates for the second time in a year. Here’s what you need to know about China in the past 24 hours 中国经济要闻 China has the conditions, confidence and ability to fend off systemic risks, according to Li Yunze, director of China’s new financ...
and annual turnover is likely to top 1 billion yuan, said Wei Zhilin, the exchange's deputy general manager. China's data trading industry accounted for over 13 percent of the world's total and nearly 67 percent of Asia's total, according to a report released by the SDE at the 2023 ...
down 15 basis points from September, according to the banks’ websites. Similar cuts were made at Postal Savings Bank of China, Agricultural Bank of China and Bank of Communications. These banks also lowered their demand deposit rates from 0.25 percent to 0.2 percent, the lowest level since 19...
Zhengzhou, capital of central China’s Henan province, unveiled a series of measures on Thursday including easing curbs on home purchases, reducing the down payment ratio and cutting mortgage rates to prop up the ailing property market. The city of 12.8 million is the first big city to take ...
Separately, the PBOC vowed on Friday that it will "firmly fend off the risk of drastic ups and downs in exchange rates", followed by media reports on Sunday that major commercial banks had reduced the interest rates of dollar-denominated deposits, a move experts said will help alleviate the ...
Central Bank of Nigeria (CBN) Governor, Godwin Emefiele said he will consider easing restrictions on the naira if demand for foreign exchange drops further. The controls are necessary and are working to limit demand for dollars, Emefiele told delegates at a conference on Africa...