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Central bank injects $210 million into foreign exchange market

The Central Bank of Nigeria (CBN) says it has injected 210 million dollars into the various segments of the market to sustain its intervention in the Inter-Bank Foreign Exchange Market.
Abbas Lakis

Lebanese arrested at Abuja airport with over $2 million

The Economic and Financial Crimes Commission (EFCC), on Friday said its operatives arrested one Abbas Lakis, a Lebanese for money laundering after he was found with undeclared currencies worth over a billion naira.
(FILES) This file photo taken on February 9, 2017 shows Chinese 100 yuan notes in Beijing. The Chinese currency continued its sharp decline on July 20, 2018 despite US President Donald Trump's bid to rein in the dollar, as analysts pointed out that a weaker yuan aids Beijing in its trade tussle with Washington. / AFP PHOTO / FRED DUFOUR

Kenya partners SimbaPay on money transfer to China

Family Bank, a leading bank in Kenya, has partnered with London-based financial technology firm, SimbaPay, to launch an instant money transfer service from Kenya to China.

NEMA counters House of Reps’ claims on alleged fraud

The National Emergency Management Agency (NEMA) has countered the claims of violation of public trust against it by the House of Representatives Committee on Emergency and Disaster Preparedness.

N33 billion fraud: House of Reps lied over embezzlement of funds – NEMA

The National Emergency Management Agency, NEMA, has insisted that the House of Representatives lied in the report of its committee on Emergency and Disaster Preparedness, which indicted the agency of violation of public trust in the disbursement of over N33bn emergency intervention fund.

Central bank injects $318.03m into forex market

The Central Bank of Nigeria (CBN) on Friday said it injected about $318.03 million into the retail secondary market intervention sales (SMIS) of the inter-bank foreign market.

NEMA expresses shock over House of Reps’ indictment

The National Emergency Management Agency (NEMA) has expressed shock over allegations of violation of public trust made against it by the House of Representatives committee on Emergency and Preparedness Response.

NEMA clarifies alleged House of Reps indictment

The National Emergency Management Agency (NEMA) has expressed shock over the findings and conclusions presented by the House of Representatives committee on Emergency and Preparedness Response.
China's President Xi Jinping (R) meets former US secretary of state Henry Kissinger at the Great Hall of the People in Beijing on November 8, 2018. (Photo by THOMAS PETER - POOL - AFP)

China’s exports hold up despite US tariffs

China's exports to the United States and the rest of the world saw a surprise jump in October, data showed Thursday, suggesting businesses are ramping up trans-Pacific shipments before higher tariffs kick in.

Central bank injects $337.16 million, 56.17 million CNY into forex market

The Central Bank of Nigeria (CBN) on Friday said it injected 337.16 million dollars in the retail Secondary Market Intervention Sales (SMIS) in its first intervention in the inter-bank foreign market for November.
Dollar

Dollar rally moves to Asia after US data but stocks tumble

The dollar continued to brush aside other currencies Thursday after further proof of the booming US economy sent Treasury yields surging, but Asian equities sank with more Federal Reserve rate hikes looking certain.

Central bank injects $210 million into foreign exchange market

The Central Bank of Nigeria (CBN) has sustained its intervention in the Inter-Bank Foreign Exchange Market by injecting 210 million dollars into the various segments of the market.
US President Donald Trump speaks during an event to announces a grant for drug-free communities support program, in the Roosevelt Room of the White House in Washington, DC, on August 29, 2018. - AFP PHOTO - MANDEL NGAN

Donald Trump slams tariffs on $200 billion Chinese goods

U.S. President Donald Trump has directed aides to proceed with tariffs on about another $200 billion of Chinese goods, despite Treasury Secretary Steven Mnuchin’s attempts to restart trade talks with China, a source familiar with the matter said.
Russian President Vladimir Putin speaks during an address to the nation concerning a pension reforms proposed by the government, in Moscow, on August 29, 2018. - AFP PHOTO - SPUTNIK - Alexey DRUZHININ

Vladimir Putin: Russia, China to reduce use of dollar in trade

Russian President Vladimir Putin on Tuesday said Moscow and Beijing plan to use their own national currencies more often in trade deals as Russia’s relations with the West deteriorate.
President Buhari and President Xi Jinping

President Buhari wins Chinese support for Mambilla power, other projects

President Muhammadu Buhari on Wednesday in Beijing won the crucial support of the Chinese President, Xi Jinping, for the country’s aspiration to build the 3050 Megawatts Mambilla hydroelectric power project.

Central bank boosts forex market with $543 million, CNY63 million

The Central Bank of Nigeria (CBN) has boosted the operations of the inter-bank foreign exchange market with about $543.22 million and CNY63.21 million after two days interventions.

CBN injects $327m, CNY 69m into Retail SMIS

The Central Bank of Nigeria (CBN), on Friday, August 10, 2018, injected the sum $327,440,499.50 into the interbank retail Secondary Market Intervention Sales.
Central Bank of Nigeria - CBN

Central bank begins sale of Chinese Yuan

The Central Bank of Nigeria on Friday, commenced its intervention in the sale of foreign exchange in Chinese Yuan.

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Miners at work in a mine shaft. AFP

About 40 people remain trapped in Liberian gold mine

Fellow miners have been using their bare hands to remove debris in an effort to free some 40 gold miners who have been trapped for a week, a spokesperson for Liberia's disaster management agency said on Sunday.

APGA alleges plot by PDP to rig Abia elections

The All Progressive Grand Alliance (APGA) in Abia says it has uncovered the Peoples Democratic Party’s (PDP) grand plot to rig the general elections in the state.

Ebun-Olu Adegboruwa: Movement restriction during elections is illegal

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INEC sensitive materials

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The People’s Democratic Party (PDP) in Ekiti, on Sunday accused the Independent National Electoral Commission (INEC), of alleged plan to rig the Presidential and National Assembly elections in favour of the ruling All Progressives Congress, (APC).

NCDC: Nigeria exceeds emergency threshold for Lassa fever

With 136 confirmed cases of Lassa fever, 31 death and 22.8 percent fatality rate, the Nigeria Center Disease Control (NCDC), said that Nigeria has exceeded the emergency threshold for Lassa fever.