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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”).

Firm urges Nigeria to leverage innovation for productivity, growth

The Country Managing Director, Accenture Nigeria, Niyi Yusuf, has urged Nigerians to leverage on innovation to boost productivity, economic prosperity and improve growth prospects.
A man walks past a stock indicator board showing the share prices of Japanese companies on November 21, 2018. (Photo by Martin BUREAU - AFP)

Tokyo stocks close higher after US bounce

Tokyo stocks closed higher on Thursday as investors took heart from a slightly cheaper yen and a rebound in US shares, but trade was cautious ahead of holidays in Japan and the US.

Hadi Sirika: Search of Atiku Abubakar’s luggage, aircraft a routine exercise on all international...

The Federal Government on Sunday said the search on the aircraft of the presidential candidate of the Peoples Democratic Party, Atiku Abubakar, at the Abuja airport was a routine exercise that applied to all international arrivals.

Police in Edo arrest eight suspected currency traders, recover N12 million

The Edo State Police Command has arrested eight suspects, who allegedly traded in Nigerian currency at different locations across Benin City, the Edo State capital.
Vice President Yemi Osinbajo

Yemi Osinbajo: The ‘currency of the world’ is trust

Osinbajo expressed this view on Monday at a keynote address at the 2018 Nation Building Workshop, organised by the Apostles in the Market Place in Abuja.

Yen strengthens as Asia steers from risk

The Japanese yen strengthened versus the U.S. dollar on Friday as appetite for riskier assets remained suppressed.
Tsai Ing-wen

Taiwan to hold mass independence rally in challenge to Beijing

Taiwan independence campaigners will take to the streets this week for what they hope will be a major rally in a rebuke to Beijing and a challenge to the island's already embattled government.
The two countries imposed new tariffs on a massive amount of each other's goods mid-September [Greg Baker-AP]

China’s trade surplus with US widens to record $34 billion

Despite a worsening tariff war, China's trade surplus with the United States has widened to a record $34.1bn in September.
President Donald Trump speaks during his meeting to discuss potential damage from Hurricane Michael, in the Oval Office of the White House in Washington, Wednesday, Oct. 10, 2018. (Pablo Martinez Monsivais-Associated Press)

China defies Donald Trump tariffs, trade surplus soars

China’s trade surplus with the United States ballooned to a record $34.1 billion in September, despite a raft of US tariffs, official data showed Friday, adding fuel to the fire of a worsening trade war.

World Bank cuts Nigeria’s growth projection to 1.9 percent

The World Bank has once more reduced its growth projection on Nigeria in 2018 to 1.9 per cent, down from the 2.1 per cent it had estimated for the country in April.

Oil rises towards $90, Asia stocks slip as NAFTA lift fade

Asian stocks fell on Tuesday as the lift from an agreement that saved the North American free trade deal faded, with cautious views on the global economy curbing risk sentiment.

Recent Stories

NiMet: Dust haze, mist weather to prevail Thursday

The Nigerian Meteorological Agency (NiMet), has predicted dust hazy weather conditions over most parts of the country with partly cloudy sky, misty and foggy conditions over some southern cities on Thursday.

Police wife, others arraigned for biting off woman’s ear

A 25-year-old wife of a police officer, Lydia Uwadiegwu, has been arraigned before a Lagos Chief Magistrate’s Court, Ogba, for allegedly chopping-off the ear of a female Sergeant, Blessing A. O. Umongu.

CACOL condemns brutality against LASTMA officials

The Centre for Anti-Corruption and Open Leadership (CACOL) has condemned the reported attacks on officials of the Lagos State Traffic Management Authority (LASTMA) by officers of other law enforcement agencies.
President Muhammadu Buhari presenting the budget to the National Assembly

Muhammadu Buhari: Presidency set to present minimum wage bill to National Assembly

President Muhammadu Buhari says a bill on implementation of the New Minimum Wage would soon be sent to the National Assembly for passage.

SSANU urges Plateau government to release their N607 million earned allowances

The Plateau State University branch of the Senior Staff Association of Nigerian Universities has urged the state government to release the N607m needed to pay earned allowances to staff members.