• Yuan Weakens to 6.8987 Against Dollar

    Yuan Weakens to 6.8987 Against Dollar0

    Yuan Weakens to 6.8987 Against Dollar The central parity rate of the Chinese currency renminbi, or the yuan, weakened 256 pips to 6.8987 against the dollar on Thursday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two per cent from

    READ MORE
  • Naira Depreciation Adds N9tn to Foreign Debt Burden

    Naira Depreciation Adds N9tn to Foreign Debt Burden0

    Naira Depreciation Adds N9tn to Foreign Debt Burden The value of naira to dollar fell from N196.92 in June 2015 to N414.72 in June 2022, worsening Nigeria’s foreign debt burden. Within the seven years under review, the naira depreciated by 52.52 per cent against the US dollar. The Monthly Average Exchange Rates of the Naira

    READ MORE
  • Chinese Yuan Strengthens to 7.0363 Against Dollar

    Chinese Yuan Strengthens to 7.0363 Against Dollar0

    Chinese Yuan Strengthens to 7.0363 Against Dollar The central parity rate of the Chinese currency renminbi or the Yuan, strengthened 58 pips to 7.0363 against the dollar on Wednesday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two

    READ MORE
  • Naira Depreciates by 0.46%, Exchanges at 441.17 to Dollar

    Naira Depreciates by 0.46%, Exchanges at 441.17 to Dollar0

    Naira Depreciates by 0.46%, Exchanges at 441.17 to Dollar The Naira on Tuesday exchanged at N441.17 to the dollar at the Investors and Exporters window, a depreciation of 0.46per cent, compared with N439.17 to the dollar at the close of business on Oct. 7. The open indicative rate closed at N439.40 to the dollar on

    READ MORE