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Cowry Asset: Forex market to witness stability in 2020

The foreign exchange (forex) market will witness stability in 2020, while the Central Bank of Nigeria (CBN) will continue to sustain its Open Market Operation (OMO) sales at high interest to continue to attract foreign investors.
Dollar

North America, Mexico suffer $44 billion loss to forex

At a time when the global economy is slowing and trade wars are raging, currency volatility is a critical way companies are losing ground to their competitors.
Pedestrians walk past an electronics stock indicator at the window of a security company displaying the current rate of Tokyo Stock Exchange in Tokyo on November 13, 2018. - Tokyo stocks dived more than three percent shortly after the open on November 13, with investors discouraged by a plunge in US shares on fears over demand in the tech sector. (Photo by Toshifumi KITAMURA / AFP)

Asian shares stumble, oil, gold up

Asian shares slipped on Friday, erasing early gains, while gold shone and oil prices spiked after U.S. airstrikes in Iraq killed a top Iranian commander, heightening geopolitical tensions.
The acting Registrar-General of the Corporate Affairs Commission, Lady Azuka Obiageli Azinge, was yesterday arraigned before the Code of Conduct Tribunal.

CAC chief docked at CCT, gets bail on self-recognizance

The acting Registrar-General of the Corporate Affairs Commission, Lady Azuka Obiageli Azinge, was yesterday arraigned before the Code of Conduct Tribunal.
A man shows a wad of the new Zimbabwe two-dollar notes he received from a bank in Harare on November 12, 2019. (Photo by Jekesai NJIKIZANA - AFP)

Zimbabwe to introduce higher denomination notes

Zimbabwean President, Emmerson Mnangagwa, on Friday, said new 10 and 20 Zimbabwe dollar notes would be introduced in the next few days as the government moves to contain persistent cash shortages.

Companies begin end of year dollar repatriation

Many foreign companies operating in Nigeria have commenced year-end dollar repatriations to their home countries, Newsmen have learnt. The move, if unchecked, could impact negatively on the naira which has maintained long term stability.
Olufemi Gbajabiamila

House of Reps to investigate insurance breaches by MDAs

The House of Representatives has resolved to investigate breaches, impunity and other infractions of some federal government institutions on insurance and actuarial matters.
One of Tanzania’s dollar millionaires and chairman for Infotech Investment Group, Ali Mufuruki, has died in South Africa.

Tanzanian dollar millionaire Ali Mufuruki dies in South Africa

Mufuruki, who founded CEO Roundtable of Tanzania (CEOrt) and Africa Leadership Initiative (ALI) East Africa died on Saturday night at Montnigside Hospital in Johannesburg, South Africa.
A man shows a wad of the new Zimbabwe two-dollar notes he received from a bank in Harare on November 12, 2019. (Photo by Jekesai NJIKIZANA - AFP)

Zimbabwe issues fresh banknotes to ease cash shortages

Cash-strapped Zimbabweans began using new banknotes and coins Tuesday, as the nation’s central bank seeks to ease chronic shortages.
(FILES) In this file photo taken on August 31, 2017 a British one pound sterling coin, and a one euro coin, are arranged for a photograph in central London. – Sterling soared Thursday, October 17, 2019 within a whisker of $1.3, striking five-month peaks after the European Union reached a draft Brexit withdrawal deal with London. (Photo by Daniel SORABJI / AFP)

Pound falls before Brexit votes

The British pound fell Tuesday awaiting key Brexit votes on Prime Minister Boris Johnson’s withdrawal agreement bill.
Pound Sterling

Pound drops as Boris Johnson faces battle to pass Brexit bill

Sterling fell Friday as investors fret over Boris Johnson’s chances of pushing his Brexit deal through parliament, while Asian markets were mostly down after data showed China’s economy expanded at its slowest pace in nearly three decades.
(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

Dollar steady, Yuan firms as US–China trade talks spur caution

The dollar found support on Tuesday while investors awaited the outcome from crucial Sino-U.S. trade talks in Washington, with many staying cautious as neither side has shown signs of giving ground at the negotiations.
Senator Smart Adeyemi

Kogi guber: APC does not believe in violence – Senator Adeyemi

Sen. Smart Adeyemi, Director-General, Bello/Onoja Campaign Organisation says that the All Progressives Congress (APC) does not believe in violence and has no thugs.q
china yuan dollar

Central bank injects $311.5 million, CNY15 million into retail forex market

The Central Bank of Nigeria (CBN) on made an intervention of 311.5million dollar in the retail Secondary Market Intervention Sales (SMIS) and 15 million Chinese Yuan in the spot and short-tenored forwards segment of the inter-bank foreign market.
Zimbabwe Dollar

Zimbabwe to introduce new currency in November – official

The Reserve Bank of Zimbabwe is to introduce a new currency in November, a member of the bank’s Monetary Policy Committee, said on Thursday.
South African Rand

South African rand weaker as investors seek shelter in dollar

South Africa’s rand weakened early on Monday as the dollar gained against riskier currencies with investors watching developments in the China-U.S. trade dispute and a slew of domestic and global economic indicators this week.
NSCDC

NSCDC parades three alleged fake currency vendors

The Borno Command of the Nigeria Security and Civil Defence Corps (NSDCD), said it had arrested three suspects over circulation of counterfeit currency in Maiduguri.

World Bank: Neglect of agriculture cost Nigeria $10 billion annually

The World Bank’s Senior Agriculture Economist, Adetunji Oredipe, says Nigeria’s neglect of the agricultural sector has cost the country about $10 billion annually.

Recent Stories

PenCom directs PFAs to implement pension enhancement for retirees

The National Pension Commission, PenCom, on Monday directed Pension Fund Administrators to implement pension enhancement for retirees on Programmed Withdrawal under the Contributory Pension Scheme.
Reiner Jesus in training with the Brazil U23 team Lucas Figueiredo - Official Photographer of the Brazilian National Football Team

Real Madrid complete signing of Brazilian attacking midfielder

Real Madrid have completed the signing of teenage Brazilian prospect Reinier from Flamengo on a six-and-a-half-year deal, the Spanish giants announced on Monday.
The National Youth Service Corps (NYSC) has deployed 1,400 corps members to Gombe State for the 2019 Batch B Stream II orientation course.

NYSC member down with Lassa fever in Delta

A male youth corps member (name withheld) serving in Delta State has been diagnosed with the Lassa fever virus.
In the aftermath of the European Parliament, the legislative hand of the European Union (EU), having said that no progress has been made in the war against Boko Haram in Nigeria, President Muhammadu Buhari said things were a lot better. 6

Counterinsurgency: Things are a lot better – President Buhari tells Boris Johnson

In the aftermath of the European Parliament, the legislative hand of the European Union (EU), having said that no progress has been made in the war against Boko Haram in Nigeria, President Muhammadu Buhari said things were a lot better.
Nigeria Police

17 people killed in Katsina road crash

The Katsina State Police Command has confirmed 17 persons killed in a road crash at Yardudu village, Mashi Local Government Area of Katsina State.