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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.

Naira strengthens against dollar at parallel market

The Naira on Wednesday gained 50 kobo to firm against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports.

Hebei CFFC confirm €5.55m deal for Javier Mascherano

Hebei China Fortune have confirmed that they only paid €5.55 million for Javier Mascherano, refuting reports in Spain that the Barcelona veteran cost them €10 million.

Venezuela to sell oil in currencies other than dollar

Venezuelan President Nicolas Maduro announced Friday his government will sell oil and other commodities in currencies other than the dollar, in a bid to weather US-imposed sanctions on the embattled country.

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Coach: Why Nigerian footballers fail trials abroad

A Coach and Assistant Chairman, Surulere Super League, Akeem Shira, on Monday said that some Nigerian footballers fail in their trials abroad because they were not playing in competitive leagues.

Shell: How we’ve supported infrastructure growth in Rivers

The Shell Petroleum Development Company of Nigeria Limited (SPDC) says out of the over N41billion disbursed for community projects in Niger Delta, about N15billion went to Rivers State under the Global Memorandum of Understanding.
Governor Abiola Ajimobi in handshake with the Director General, Nigeria Governors’ Forum, Mr Asishana Okauru

NGF chief urges Abiola Ajimobi’s successor to sustain development momentum

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John Agim - Nigerian Army

DHQ: Amnesty undermining war against insurgency, criminality in Nigeria

The Defence Headquarters has accused Amnesty International (AI) of allegedly undermining the war against insurgency and criminality in Nigeria, saying the human rights organisation is not interested in lasting peace in the country.

Solomon Dalung: Nigeria risks being delisted by World Anti-Doping Agency

Solomon Dalung, the Minister of Youths and Sports Development, on Monday in Abuja warned that Nigeria risked being delisted by the World Anti-Doping Agency (WADA) if urgent action was not taken.