• About
  • Advertise
  • Careers
  • Contact
Friday, June 13, 2025
  • Login
The DailyTimes Nigeria
  • World
  • Regional
  • Politics
  • Business
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    Victoria Beckham's French debut

    Paris Fashion Week Begins! Awaiting Victoria Beckham’s French Debut

    Hushpuppi

    Hushpuppi May Get 11 years in Prison

    Nigerian Author and Director of “Half of a Yellow Sun”, Biyi Bandele is Dead

    HBO Succession

    Emmy nominations: HBO “Succession” Tops List, Beats Netflix

    r kelly

    R. Kelly Sentenced to 30 Years in Jail

    American Rapper Lil Tjay

    American Rapper Lil Tjay Shot and Killed in New Jersey By

    2022 Billboard Music Awards

    List of 2022 Billboard Music Awards Winners

    Nollywood entertainer Leo Mezie

    Nollywood Entertainer Leo Mezie Dies After Battle With Kidney Disease

    Atlanta Rapper Lil Keed

    24-years Old Atlanta Rapper Lil Keed Dies

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Tech
    • Travel
    Tinubu

    How Tinubu is Continuously Losing Allies Due to Muslim-Muslim Ticket

    Senator Abdulahi Adamu

    Muslim-Muslim Ticket: APC To Replace National Chairman, Adamu, with a Christian to Gain Christian Voters

    Covid-19 Stigma

    Covid-19 Stigma: Covid Patients in China and Their Exclusion Ordeal

    Nigerian Author and Director of “Half of a Yellow Sun”, Biyi Bandele is Dead

    Biden

    America Declares the Fight against Monkeypox as an Emergency

    nigeria telecom operators

    FG Add 5% TAX on All Telecommunications Services to Raise Debt Servicing Revenue

    monkeypox vaccines

    European Commission Approves Smallpox vaccine for Monkeypox Prevention

    spider silk

    Spider Silk-based High-tech Patch As Cure to Arthritis

    Whole Bible Believers Church

    How Police Extricated 77 People From Whole Bible Believers Church In Ondo

    funke, jjc

    JJC Skillz and Funke Akindele Celebrity Marriages Crashes

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Sports
No Result
View All Result
  • World
  • Regional
  • Politics
  • Business
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    Victoria Beckham's French debut

    Paris Fashion Week Begins! Awaiting Victoria Beckham’s French Debut

    Hushpuppi

    Hushpuppi May Get 11 years in Prison

    Nigerian Author and Director of “Half of a Yellow Sun”, Biyi Bandele is Dead

    HBO Succession

    Emmy nominations: HBO “Succession” Tops List, Beats Netflix

    r kelly

    R. Kelly Sentenced to 30 Years in Jail

    American Rapper Lil Tjay

    American Rapper Lil Tjay Shot and Killed in New Jersey By

    2022 Billboard Music Awards

    List of 2022 Billboard Music Awards Winners

    Nollywood entertainer Leo Mezie

    Nollywood Entertainer Leo Mezie Dies After Battle With Kidney Disease

    Atlanta Rapper Lil Keed

    24-years Old Atlanta Rapper Lil Keed Dies

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Tech
    • Travel
    Tinubu

    How Tinubu is Continuously Losing Allies Due to Muslim-Muslim Ticket

    Senator Abdulahi Adamu

    Muslim-Muslim Ticket: APC To Replace National Chairman, Adamu, with a Christian to Gain Christian Voters

    Covid-19 Stigma

    Covid-19 Stigma: Covid Patients in China and Their Exclusion Ordeal

    Nigerian Author and Director of “Half of a Yellow Sun”, Biyi Bandele is Dead

    Biden

    America Declares the Fight against Monkeypox as an Emergency

    nigeria telecom operators

    FG Add 5% TAX on All Telecommunications Services to Raise Debt Servicing Revenue

    monkeypox vaccines

    European Commission Approves Smallpox vaccine for Monkeypox Prevention

    spider silk

    Spider Silk-based High-tech Patch As Cure to Arthritis

    Whole Bible Believers Church

    How Police Extricated 77 People From Whole Bible Believers Church In Ondo

    funke, jjc

    JJC Skillz and Funke Akindele Celebrity Marriages Crashes

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Sports
No Result
View All Result
The DailyTimes Nigeria
No Result
View All Result

Currency Swap: CBN Sells 3.69Bn Yuan

by admin
December 24, 2021
in Business, Featured, Latest News
0
Home Business
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Central Bank of Nigeria (CBN) has said it sold 3.69 billion yuan from the inception of the currency swap deal with China to June this year.

The apex bank disclosed this in its ‘Financial markets department 2021 half-year activity report’.

The CBN had in May 2018 signed the Bilateral Currency Swap Agreement with the People’s Bank of China to facilitate trade between the two countries and enhance foreign reserve management.

The report said, “The Bilateral Currency Swap Agreement between the CBN and the People’s Bank of China, which commenced in July 2018, expired in April 2021 and was subsequently renewed.

“In the review period, 13 auctions were conducted and renminbi worth CNY1.22bn was sold. Similarly, in 13 auctions in the corresponding period of 2020, renminbi worth CNY294.09m was sold. The total sum of CNY3.69bn had been sold since inception to end-June 2021.”

The agreement between both countries is aimed at providing naira liquidity to Chinese businesses and RMB liquidity to Nigerian businesses respectively, thereby improving the speed, convenience and volume of transactions between the two countries.

The agreement is also aimed at reducing the difficulties encountered in the search for third currencies, according to the CBN.

It is also aimed at assisting both countries in their foreign exchange reserves management, enhance financial stability and promote broader economic cooperation between them.

Tags: Currency SwapYuan Naira swap
admin

admin

Next Post
Businesses Face Over 23 million Cyberattacks Daily-Report

Businesses Face Over 23 million Cyberattacks Daily-Report

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recently

  • Latest News
Nigeria's Accountant-General, Ahmed Idris

Why EFCC Arrested Nigeria’s Accountant-General Ahmed Idris

3 years ago
INEC

2023 General Elections Result Will Be Manually Collated -INEC

3 years ago
Ado Aleiro

Ado Aleiro, the Bandit Crowned Emir, Claims Hw was Begged to Take the Title

3 years ago
President Muhammadu Buhari Launch eNaira

President Muhammadu Buhari Launch eNaira

4 years ago
INEC

Court Restrains INEC From Discontinuing Voters Registration By 30th Of June 2022

3 years ago
train kidnappees

Terrorist Who kidnapped Abuja-Kaduna Train Passengers Vow To Abduct Buhari

3 years ago
Another Gas Explosion In Lagos

Another Gas Explosion In Lagos

3 years ago
Gbajabiamila

Reps On Resolute to Override President Buhari’s Inactivity On Section 84(8) Of The Electoral Act

3 years ago
Facebook Twitter Youtube RSS
The DailyTimes Nigeria

The Daily Times is Nigeria's first Independent Newspaper known for unbiased journalist and reportage which has been anchored on decades of trust, research, unsentimental investigations, verified facts and unbiased reason.

Category

  • Business
  • Entertainment
  • Fashion
  • Featured
  • food
  • Gaming
  • Health
  • Latest News
  • Lifestyle
  • Movie
  • Music
  • National
  • Politics
  • Regional
  • Specials
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

© 2021 The Daily Times Nigeria

No Result
View All Result
  • Politics
  • World
  • Business
  • Regional
  • National
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

© 2021 The Daily Times Nigeria

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version