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South African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

South Africa’s rand weaker as global economic worries weigh

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.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

How to pull Nigeria from the brink

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.

Donald Trump: US-China trade deal might wait till after 2020 election

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.
Kola Ologbondiyan

PDP: Buhari presidency now a den of thieves

The arrest of yet another scammer linked with the Buhari Presidency further confirms that the Presidency under President Muhammadu Buhari has become a den of thieves, the opposition Peoples Democratic Party, PDP, has said.
A pedestrian walks past a stock indicator board for the Tokyo Stock Exchange being displayed in a window of a securities company in Tokyo on October 1, 2018. - Japanese shares powered to a new 27-year high on October 1 after the US and Canada clinched a long-awaited trade deal, but other Asian equity markets struggled in subdued holiday trading. (Photo by Martin BUREAU / AFP)

China joins Asian shares in cautious advance ahead of trade talks

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 African Rand

South African rand weaker as investors seek shelter in dollar

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

Gold hits more than one-week high on Gulf tensions

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.

Central bank issues new guidelines mandating banks to notify customers on all transactions

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.

CBN: Over 8 billion Naira in circulation, large chunk suffers abuse by Nigerians

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.
Dollar

Dollar steady near two-year high

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.
An employee shows US dollar banknotes at a foreign currency brokerage office in Khartoum on October 7, 2018. - Sudan slashed the official value of its currency against the US dollar by more than half on October 7, the third devaluation this year in the face of a mounting economic crisis. (Photo by ASHRAF SHAZLY / AFP)

Dollar set for biggest weekly drop in three months

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.

Growth worries boost dollar amid sluggish pound sterling ahead of Brexit vote

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.

Oil prices race to $90 per barrel

The dollar notched an 11-month top on the yen on Thursday as oil price advances while Asian stocks were pressured as borrowing costs rose at home.

Dollar dented by Donald Trump’s Fed comments

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.

Expert advocates block chain technology to curb tax fraud

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.

Central bank issues guidelines on Naira-Renminbi swap deal

The Central Bank of Nigeria (CBN) on Thursday released guidelines for the bilateral Currency Swap agreement between Nigeria and China.

Recent Stories

Respite has come the way of the Nigeria Football Federation (NFF), as they are in the coming days to receive $500,000 (about 200 million Naira) from FIFA as a palliative for the Coronavirus Pandemic.

FIFA, WHO, EU launch campaign to help domestic violence victims amid coronavirus lockdown

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.
Meng Wanzhou

Canadian court disappoints Huawei over CFO’s case

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 Nigerian Air Force (NAF) says its Air Task Force (ATF) for Operation DIRAN MIKIYA has neutralised no fewer than 10 bandits at Sububu Forest area in Zamfara .

Military airstrike kills 30 bandits in Zamfara

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.
Lagos State Commissioner for Health, Prof. Akin Abayomi, disclosed this during an inter-ministerial media update on COVID-19 on Thursday in Ikeja.

Lagos conducts assessment to revitalise 329 primary healthcare

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 logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Trading resumes after Eid-el-Fitr celebration with 0.07% growth

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.