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South Africa’s rand weakened early on Thursday as demand for emerging currencies continued to ebb due to growing concerns over the impact of the coronavirus on the global economy.
On Monday, April 27, 2020, British oil and gas giant, BP, became the latest in a growing number of energy firms to declare a massive quarterly loss. Their loss was in the region of $4.4 billion dollars. Bear in mind that this was a conglomerate that posted a $2.6 billion profit in the corresponding quarter of 2019.
U.S. President Donald Trump said Tuesday a new trade agreement with China might have to wait until after the November 2020 presidential election, with Washington and Beijing stymied in reaching a negotiated end to their two-year trade and tariff conflict.
Asian shares inched up on Tuesday, with Chinese shares making decent gains after a week-long holiday, though investors remained cautious over U.S.-China trade talks after President Donald Trump said a quick deal was unlikely.
South Africa’s rand weakened early on Monday as the dollar gained against riskier currencies with investors watching developments in the China-U.S. trade dispute and a slew of domestic and global economic indicators this week.
Gold rose to its highest in more than a week on Monday, supported by Middle East tensions and uncertainty over U.S.-China trade talks, while palladium hits an all-time high.
New guidelines issued by the Central Bank of Nigeria (CBN) demand all commercial banks and financial institutions to promptly notify customers on all transactions on their accounts as part of their contractual obligations.
The Central Bank of Nigeria, CBN, has disclosed that there are over 8 billion pieces of different denominations of Nigerian currencies valued at N2.15billion in circulation in the country as at March 2019.
The dollar held steady close to a two-year high against its peers on Friday, supported by data showing strong U.S. capital goods orders, while a first-quarter GDP report to be released later in the global day could further reinforce bullishness, reports by Reuters and NAN revealed.
The dollar slipped against its rivals on Friday and was set for its biggest weekly drop in more than three months before a U.S. Central Bank meeting next week.
The dollar witnessed a slight boost on Monday, hovering close to a near three-month high as investors continued to favour the greenback amid global growth concerns.
The dollar fell versus the euro and pound Tuesday after US President Donald Trump hit out at the Federal Reserve’s interest rate rises, accusing it of not backing his economic plan, while most equity markets climbed looking ahead to China-US trade talks.
The Chief Executive of Kurecion Foundation, Mr Abikure Tega, has called for the use of block chain technology to address fraud in the country´s taxation system.
The Central Bank of Nigeria (CBN) on Thursday released guidelines for the bilateral Currency Swap agreement between Nigeria and China.
FIFA, the World Health Organization (WHO) and the European Commission have announced the #SafeHome campaign designed to support women and children at risk of domestic violence during the coronavirus pandemic.
A Canadian court ruled against Huawei’s chief financial officer, Meng Wanzhou, on Wednesday in her extradition case to the US on fraud charges.
The Defence Headquarters says the Air Component of Operation Hadarin Daji has killed no fewer than 30 bandits and destroyed their logistics store in air strikes conducted on Tuesday in Doumborou Forest area of Zamfara.
As part of efforts geared towards the revitalisation of Primary Healthcare, the Lagos State Government has carried out a comprehensive assessment of no fewer than 329 Primary healthcare centres in the State.
The Nigerian Stock Exchange (NSE) reopened trading on Wednesday after the public holidays to mark the Eid-el-Fitr celebration with a marginal growth of 0.07 per cent.
Four days after the Congolese government shut down Kinshasa’s pulsating nightlife, her husband knocked out some of her teeth and went to live with his mistress, leaving her bleeding and naked on the floor. Their three children saw it all.
Anambra State Police Command has arrested two suspects and recovers one Tricycle allegedly snatched from a victim after pouring a pepperish substance on his face.
Gone are the lively meetings, the distribution of flyers on busy campuses. The coronavirus pandemic has put an abrupt stop to traditional US political means of courting young voters – forcing presidential candidates to turn to Snapchat instead.
Mrs Folashade Adefisayo, Commissioner for Education, Lagos State, said the state government had partnered Microsoft to train 18, 000 teachers to enhance computer literacy towards achieving a world best teaching and learning practices.
Nigerian Minister of Youth and Sports Development Mr. Sunday Dare has disclosed that he is working on a new sports industry policy for the country, even as he outlines key areas he is focusing on as he strives to take Nigerian sports to greater heights.