English>
Your daily Naira exchange rate

Market News

China Finds Costly New Way of Boosting Xi’s Global Yuan Push - BLOOMBERG

OCTOBER 23, 2025

By Bloomberg News October 23, 2025 at 7:18 AM GMT+1 Updated on October 23, 2025 at 12:04 PM GMT+1


China is leveraging its position as the world’s largest creditor to help broaden usage of the yuan, offering overseas borrowers the chance to benefit from economically-depressed interest rates at home by ditching the dollar.

Ethiopia became the latest this week in looking to convert at least part of the $5.38 billion owed to Beijing into yuan-denominated loans. A growing number of sovereigns is also seizing on cheaper Chinese financing via bonds.

MARKET NEWS

October 23 ‘No free lunch’: Covered call ETFs have high yields but come with a trade-off - T... (read more) October 23 China Finds Costly New Way of Boosting Xi’s Global Yuan Push - BLOOMBERG October 23 Chinese Firms Speed up Dollar Selling Amid Optimism Toward Yuan - BLOOMBERG October 23 Oil prices soar after US imposes sanctions on Russian oil companies - YAHOO FINANCE October 23 Dollar Rises as Oil Prices Rally, Yen Falls - BARRON'S October 23 Naira holds strong, external reserves hit $42.79 billion - P.M.NEWS October 23 Naira could be devalued after 2027 elections, ICAN boss warns - VANGUARD October 23 December interest rate cut eyed by traders as inflation holds - YAHOO FINANCE October 23 Swiss National Bank comfortable with inflation outlook, minutes show - REUTERS October 23 Gold's rally just cracked, but one private Swiss bank says it's not over - BUSINESS INSIDER October 23 Ghana’s cocoa crop likely to surpass initial projection of 650,000 tons, minister says - REUTERS October 23 Oil jumps 3% after Trump administration sanctions big Russian oil companies - CNBC October 23 UK manufacturers see weakest outlook for orders since 2020 - REUTERS October 23 South African rand slips after local inflation uptick - REUTERS October 23 South African rand muted as traders eye possible ‘grey’ list exit - REUTERS October 23 Gold Edges Higher After Two Days of Heavy Losses - BLOOMBERG October 23 India poised to sharply cut Russian oil imports after sanctions, sources say - REUTERS October 23 Oil Jumps as Trump Steps Up Pressure on Russia With Sanctions - BLOOMBERG October 23 NGX sustains positive momentum with N1.45tn investors’ gain October 23 FG: We Will Invest $220m to Create Job Opportunities for Young Nigerians - THISDAY October 23 Naira gains amid 32.9% decline in weekly FX inflows October 23 Naira rises to N1,492/$ in parallel market - VANGUARD October 23 Naira records third consecutive appreciation against US dollar - DAILY POST October 22 Naira gains amid 32.9% decline in weekly FX inflows - BUSINESSDAY October 22 More mines, more ounces: A decade of gold gains turned Canada into a mining powerhous... (read more) October 22 Canada ‘not yet’ a reliable energy supplier, says Indian high commissioner - BLOOMBERG October 22 Workers hit with extra £12bn income tax raid - THE TELEGRAPH October 22 Workers hit with extra £12bn income tax raid - THE TELEGRAPH October 22 Gold Slumps Most in Four Years as Record-Breaking Rally Cools - REUTERS October 22 High street banks found to offer worse interest rates as new 4.75% account hits market

SEE HOW MUCH YOU GET IF YOU SELL

NGN
© 2025 abokiFX | All Rights Reserved
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics