Business
Yuan weakens to 7. 1249 against dollar
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 110 pips to 7.1249 against the dollar on Tuesday.
This is according to the China Foreign Exchange Trade System.
ALSO READ: Naira declines as U.S. Dollar strengthens, trading near lowest level
In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 per cent from the central parity rate each trading day.
The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day
-
Latest1 week agoLagos NURTW organising secretary Toba Ajiboye dies after gunmen attack
-
Business5 days agoCBN targets $12bn annual Diaspora inflows to boost FX liquidity
-
Business5 days agoSEC launches nationwide campaign to help investors recover unclaimed dividends
-
Business4 days agoNigerian AI researcher champions ethical artificial intelligence at COPA AI 2026 summit in Wales
-
Latest1 week agoOyo APC berates Makinde over call for UN probe into Oriire school rescue
-
Business6 days agoCBN launches real-time FX tracker for BDCs, tightens oversight of FX market
-
Latest7 days agoKwankwaso calls for renewed North–South-East Political alliance ahead of 2027
-
Business5 days agoFood prices now biggest threat to inflation, beyond CBN’s reach – Analysts