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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.

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Legal luminary, Chief Richard Akinjide, SAN, a former Minister of Justice and Attorney-General of the Federation, died in his Ibadan, Oyo State residence early Tuesday after a protracted ailment, family sources told the press.

Richard Akinjide buried in line with coronavirus protocol – family

A former Attorney-General of the Federation and Minister of Justice, Richard Akinjide, who died on April 22, was buried on Thursday in Ibadan, his family said.
Apple has removed Epic Games’ battle royale Fortnite from the App Store after the developer on Thursday implemented its own in-app payment system that bypassed Apple’s standard 30 percent fee.

Apple removes Fornite from App Store

Apple has removed Epic Games’ battle royale Fortnite from the App Store after the developer on Thursday implemented its own in-app payment system that bypassed Apple’s standard 30 percent fee.

NBS, IOM to conduct study on dangers of irregular migration

The National Bureau of Statistics (NBS) in collaboration with International Organisation for Migration is conducting a pilot survey on the above named subject matter in Edo, Delta, Lagos and Imo states.
Christian Association of Nigeria | CAN

CAN announces intercessory prayer session over insecurity in Nigeria

The Christian Association of Nigeria (CAN) has declared August 23 a day of collective intercessory prayer for Nigeria over insecurity situation in the country.
Former United Nations, UN, Secretary-General, Ban Ki-Moon, has described the appointment of Prof Ibrahim Gambari as Chief of Staff to President Muhammadu Buhari as a great asset to Nigeria and Africa ”in a broader sense.”

President Buhari’s chief of staff receives suspended Anambra monarchs

The Chief of Staff to the President, Prof Ibrahim Gambari, on Thursday, received some traditional rulers from Anambra State at the Presidential Villa, Abuja.