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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.
President Muhammadu Buhari, who was on campaign trail to Lagos on Saturday, said his administration’s economic policies have been making the desired impact as evidenced by steady growth in the economy in the last three years.-10

President Buhari inaugurates NSIA-LUTH cancer treatment center

President Muhammadu Buhari on Saturday inaugurated the NSIA-LUTH advanced cancer treatment centre located in the Lagos University Teaching Hospital (LUTH), Idi-Araba, Lagos.
Fredrick Nwabufo

Why money is not flowing like Ikogosi springs this campaign season

I am sure you have noticed that “money is not flowing” this season as it did in 2015 when there was a blizzard of dollars.
Several people have been killed during protests in Zimbabwe after the government more than doubled the price of fuel overnight.

Zimbabwe protests after petrol and diesel price hike

Several people have been killed during protests in Zimbabwe after the government more than doubled the price of fuel overnight.
Zimbabwe President elect Emmerson Mnangagwa addresses a press conference at State House in Harare, on August 3, 2018. Mnangagwa defended the landmark election in which he was declared victorious, despite claims from the opposition of vote-rigging. MARCO LONGARI / AFP

Anger as President Mnangagwa raises gas prices in Zimbabwe

Zimbabweans reacted with outrage Sunday to a sharp rise in the price of fuel announced by President Emmerson Mnangagwa in a move to improve supplies as the country struggles with its worst gasoline shortages in a decade.
Iranian Rial and US Dollar

Iran mulls slashing four zeros from rial currency

Iran’s central bank has proposed slashing four zeros from the rial, following the plunging of the currency’s value in the wake of an economic crisis fuelled by U.S. sanctions.
Xi Jinping

President Xi Jinping: Taiwan reunification with China ‘inevitable’

Taiwan’s unification with the mainland is “inevitable”, President Xi Jinping said on Wednesday, warning against any efforts to promote the island’s independence and saying China would not renounce the option of using military force to bring it into the fold.
In this Thursday, December 20, 2018 handout photo provided by a Sudanese activist, protesters chant slogans during a demonstration in Khartoum, Sudan. (Sudanese Activist via AP)

Clashes erupt as Sudanese march on presidential palace

Police used tear gas and fired in the air on Tuesday to disperse thousands of protesters attempting to march on the presidential palace to demand that Omar Bashir, Sudan's president of 29 years, step down, according to activists and video clips posted online.

House of Representatives to investigate Nigeria’s rising debt profile

The House of Representatives has mandated its committees on Aids, Loans and Debt Management, Capital Market and Institutions and Banking and Currency to carry out investigation into Nigeria’s alarming debt profile.
Pound Sterling notes and change are seen inside a cash register in a coffee shop in Manchester, Britain, September 21, 2018. REUTERS-Phil Noble-File Photo

British pound sinks on reports of Brexit vote delay

Pound sterling sinks on reports that Prime Minister Theresa May will delay a Brexit deal vote on the eve of what was forecast to be a “huge” defeat
South Africa’s Rand

South Africa’s rand weakening in volatile run-up to May vote

South Africa’s rand is expected to erase around a third of the 10 per cent gains made in the past two months in the run-up to May elections as strong volatility rattles the currency, a Reuters poll found on Thursday.

N8bn CBN scam: Appeal court discharges convict from further prosecution

Justice Nathaniel Ayo-Emmanuel of the Federal High Court Ibadan, on Tuesday discharged Kayode Philip-Togun, one of the defendants in the case of alleged N8 billion currency scam from further prosecution.

Central bank introduces $15,000 weekly special intervention for BDCs

The Central Bank of Nigeria on Thursday said it plans to boost its dollar sales to exchange bureaus after the currency weakened sharply on the black market.

Central bank to boost forex sale after naira eases on black market

The Nigerian central bank plans to boost its dollar sales to exchange bureaus after the currency weakened sharply on the black market.

Naira sells at 364.22 to dollar at investor’ window

The Naira on Tuesday was sold at N364.22 to the dollar at the investors’ window in Lagos, with a turnover of 147.30 million dollars, the News Agency of Nigeria (NAN) reports.

The wrong way to defend the naira

The Central Bank of Nigeria has injected over $10.97bn, into the Forex Market between January and October this year, to defend the Nation’s currency, the Naira, against other major currencies, including the dollar.” (See Punch Newspaper report of November 18th 2018 titled “CBN Defended Naira with $11bn in 10 months”).

Recent Stories

NSE branch decries spate of building collapse

The Nigerian Society of Engineers (NSE), Ibadan Branch, has decried the rising spate of building collapse in Nigeria.

Federal government kicks off grazing reserve project with 31,000 hectares in Niger State

The Federal Government has began the process of resettling herdsmen and bringing to an end the continued farmers/herders clashes in the country, as Niger state in North Central Nigeria taking the lead with the establishment of a 31,000 hectares of grazing reserve in the state.

Elections: EU observers commend INEC

The European Union Election observation Mission (EUEOM) to Nigeria has commended the Independent National Electoral Commission (INEC) for improving electoral procedures and logistics following the March 23 supplementary Governorship election.

AU members states restates commitment to unity, stability

Member States of the African Union (AU), on Monday reaffirmed their unwavering commitment to a united, stable and prosperous Africa.

Enugu government to distribute 20,000 palm oil seedlings to farmers

AS part of its resolve to boost the Internally Generated Revenue (IGR) of Enugu state by enhancing local palm oil production, the state government has made known its plans to distribute 20,000 oil palm seedlings to farmers for the upcoming planting season.