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Currency Market

Crashing oil prices tighten liquidity on forex market

Naira weakened to 364 per dollar at the weekend from N363.50 the previous day as falling oil prices tightened liquidity on the currency market, traders said.

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.
Iran

Iran executes two men for economic crimes

Iran executed two men accused of economic crimes on Wednesday, part of an effort to stem financial misconduct as the country faces an economic crisis and new U.S. sanctions targeting its oil sector.

Oil prices fall amidst fears of market glut

Oil prices extended their decline from last week on growing expectations that major oil producers may ease their 17-month-old production cuts.

Recent Stories

The ruling All Progressives Congress APC has blamed the Peoples Democratic Party PDP for being vicariously responsible for the attack on a former Deputy Senate President, Ike Ekweremadu by members of the outlawed Indigenous People of Biafra IPOB in Germany.

Ndi-Igbo Germany apologises over attack on Senator Ekweremadu

Ndi-Igbo Germany, an umbrella body of Igbo people living in Germany on Monday tendered an unreserved apology to the former Deputy President of the Senate, Senator Ike Ekweremadu, over the weekend attack on him by members of the proscribed Indigenous Peoples of Biafra in Nuremberg, Germany.

Kaduna governorship tribunal ends sitting, reserves ruling

The Kaduna State Governorship Election Petition Tribunal has adjourned sitting on Monday after counsel adopted their final written addresses and replies to points of law.
Teslim Folarin

Senate: Multinational companies must give 30 per cent top workforce to Nigerians

Chairman Senate Committee on Local Content, Senator Teslim Folarin, has said the committee will ensure that every multinational company in Nigeria complies with 30 per cent involvement of Nigerians in the top management positions.
The ruling All Progressives Congress APC has blamed the Peoples Democratic Party PDP for being vicariously responsible for the attack on a former Deputy Senate President, Ike Ekweremadu by members of the outlawed Indigenous People of Biafra IPOB in Germany.

Senator Ekweremadu reacts to Nnamdi Kanu’s threat to attack Igbo leaders

Former deputy Senate president, Ike Ekweremadu, has advised South East leaders to feel free to travel abroad, saying his attack on Saturday by members of the outlawed IPOB did not represent the behaviour of the larger Igbo people in the diaspora.
The ruling All Progressives Congress APC has blamed the Peoples Democratic Party PDP for being vicariously responsible for the attack on a former Deputy Senate President, Ike Ekweremadu by members of the outlawed Indigenous People of Biafra IPOB in Germany.

Senator Ekweremadu: Those who attacked me were under the influence of alcohol, drugs

Former Deputy President of the Senate, Senator Ike Ekweremadu, Monday said that members of the Indigenous Peoples of Biafra, IPOB, who attacked him weekend in Nuremberg, Germany, were under the influence of alcohol and drugs.