Home Topics Currency

Currency

The Nigerian Stock Exchange on Wednesday said it is collaborating with JP Morgan Chase to facilitate in-depth capacity building programme on the derivatives market.

American banking giant JP Morgan partners NSE on derivatives

The Nigerian Stock Exchange on Wednesday said it is collaborating with JP Morgan Chase to facilitate in-depth capacity building programme on the derivatives market.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.

EU antitrust regulators have Facebook’s Libra currency in sights

Regulators are reportedly concerned that the Libra currency could shut out rivals and create “competition restrictions” related to the use of information and consumer data. The EU is also examining the integration of Libra wallets into Facebook’s WhatsApp and Messenger services, according to Bloomberg.

Central bank to disburse lower naira denominations through microfinance banks

The Central Bank of Nigeria (CBN) has released guidelines for the disbursement of lower denominations of the naira through microfinance banks (MFBs) across the country.

Naira to depreciate further in I&E as CBN intervenes with $540m

The declining fortune of the naira in the Investors and Exporters (I&E) window is expected to continue this week even as the Central Bank of Nigeria (CBN), in a bid to defend the nation’s currency injected $540 million into the window in July.g
(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

China rejects currency manipulator label

China has outrightly rejected a U.S. decision to label it a currency manipulator, its central bank said on Tuesday.

Nigeria central bank intervening to prop up naira – trader

The Nigerian central bank has been intervening in the currency market over the past two weeks to keep the naira stable as foreign investors took profits after yields fell on the local debt market, a trader told Reuters.

Zimbabwe inflation hits 175.66 per cent

Zimbabwe annual inflation hit 175.66 per cent in June up from 97.85 per cent in May, statistics agency ZIMSTATS said on Monday, the highest rate since 2009.
China's Yuan

Nigeria-China currency swap: Manufacturers groan over Renminbi access

Almost 70 per cent of Nigeria’s imports come from China and other Asian countries, while a paltry 12 per cent comes from the United States of America. This must have, no doubt, influenced the decision of the Federal Government to negotiate a currency swap deal with China.
Zimbabwe has brought back its own currency, the Zimbabwe dollar, just over a decade after its usefulness was destroyed by hyperinflation.

Zimbabwe bans use of US dollars, others

In a bid to defend its fledgeling new currency against black market speculation, Zimbabwe‘s Finance Minister Mthuli Ncube has outlawed the use of the US dollar and a host of other foreign currencies in local transactions.
Nigerian couple loses over $15,000 to US Customs and Border Protection officers at Baltimore Airport. Above a woman being quizzed by a CBP officer

Nigerian couple loses $15,860 undeclared money to US Customs

Nigerian couple loses over $15,000 to US Customs and Border Protection officers at Baltimore Airport. Above a woman being quizzed by a CBP officer

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.

Three candidates that may succeed Godwin Emefiele

Nigeria’s central bank governor for the next five years will have to balance fighting inflation and propping up the currency against pressure to boost an economy that’s expanding slower than emerging-market peers.
The Iranian flag flutters in front the International Atomic Energy Agency headquarters in Vienna [Leonhard Foeger-Reuters]

US tightens restrictions on Iran’s nuclear programme

The United States has tightened restrictions on Iran's nuclear programme by failing to renew two key sanctions waivers which allowed Russia and the European nations to do business with Tehran.

IOM, EU bring back another 145 Nigerians from Libya

The National Emergency Management Agency (NEMA) has received another batch of 145 stranded Nigerians from Libya.

Hackaholics: Wema Bank earmarks $10,000 prize

Wema Bank Plc says it has earmarked 10,000 dollars for the winning solutions that will boost the use of innovative technologies in the finance and other sectors.
US President Donald Trump speaks during the Governors’ Ball at the White House in Washington, DC on February 24, 2019. (Photo by MANDEL NGAN - AFP)

Donald Trump to delay China tariff hike after trade talks ‘progress’

US President Donald Trump has vowed to delay a planned tariff increase on Chinese exports after both sides hailed “substantial progress” in trade talks, raising the prospect of a summit with President Xi Jinping to seal the deal.
Polling station workers count the votes at Kaduna Capital School in Kaduna on February 23, 2019. Nigeria began counting votes in presidential elections, even as many people had yet to even cast their ballot because of delays in the opening of polling units and problems with staffing and technology. Nigeria’s Independent National Electoral Commission (INEC) last week announced a one-week delay to the election, just hours before it was due to get under way. The presidential contest will see incumbent Muhammadu Buhari (APC) seek to win a second four-year term against former vice president Atiku Abubakar (PDP). CRISTINA ALDEHUELA / AFP

Nigerians await winner of presidential vote after polling problems

Nigeria on Sunday awaited results from its presidential election as civil society groups warned that disorganisation and violence may have undermined the polls.
President Muhammadu Buhari says since 1978 when he was named the minister of petroleum till date, he has not lost interest in the oil sector.

Sluggish economy haunts Nigerian president at ballot box

Timi Soleye returned home to Nigeria from the United States to set up a gas logistics business six years ago, encouraged by predictions of growth and an expanding middle class.

Recent Stories

Nasarawa State Governor, Abdullahi A. Sule

Nasarawa governor signs 400 certificates of occupancy in three months

Nasarawa State Governor Abdullahi Sule has signed about four hundred Certificates of Occupancy since assumption of office on May 29th.
The Action Alliance in Kogi State on Saturday unanimously adopted a United States-based medical practitioner, Samuel Audu Alfa as its candidate in the November 16th governorship election.

Kogi guber: US-based doctor emerges AA candidate

The Action Alliance in Kogi State on Saturday unanimously adopted a United States-based medical practitioner, Samuel Audu Alfa as its candidate in the November 16th governorship election.
French President Emmanuel Macron hosted his US counterpart Donald Trump for a previously unscheduled lunch Saturday ahead of the official opening of the G7 summit in southwest France.

Emmanuel Macron, Donald Trump break the ice with surprise pre-G7 lunch

French President Emmanuel Macron hosted his US counterpart Donald Trump for a previously unscheduled lunch Saturday ahead of the official opening of the G7 summit in southwest France.
At the 2-day presidential retreat that preceded the inauguration of new ministers, President Muhammadu Buhari apprised the appointees on the enormity of the tasks ahead.

New cabinet and imperative of delivering on mandates

At the 2-day presidential retreat that preceded the inauguration of new ministers, President Muhammadu Buhari apprised the appointees on the enormity of the tasks ahead.
Vincent Kompany faces weeks on the sidelines after suffering another hamstring injury as his Anderlecht team lost again to continue their winless start to his managerial debut, according to reports.

Vincent Kompany injured as Anderlecht lose again

Vincent Kompany faces weeks on the sidelines after suffering another hamstring injury as his Anderlecht team lost again to continue their winless start to his managerial debut, according to reports.