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Nigerian Shippers Council (NSC) Team, inspecting the Funtua Inland Dry Port in Kastina.

Concessionaire: Funtua dry port needs over $20 million for completion

The Concessionaire of Funtua Inland Dry Port (FID) on Thursday said over 20 million dollars intervention fund would be needed to get the port operational within a year.
Investigators received a tip-off that someone was making and selling guns illegally. KABC

Over 1,000 guns found in Los Angeles mansion raid

Police and agents from the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) seized the haul at a home in Holmby Hills after they received an anonymous tip-off.

Naira gains against dollar at parallel market

The Naira on Tuesday gained 40 Kobo to exchange at N359 to the dollar at the parallel market in Lagos, stronger than N359.6 traded on Monday.
Dollar

Dollar steady near two-year high

The dollar held steady close to a two-year high against its peers on Friday, supported by data showing strong U.S. capital goods orders, while a first-quarter GDP report to be released later in the global day could further reinforce bullishness, reports by Reuters and NAN revealed.

Why doctors are leaving Nigeria

The doctors are moving to societies where they are better paid because staying back in Nigeria keeps them on the poverty belt. A country that devalues its currency like Nigeria has done in relation to other major currencies like the Euro, dollar and pound is definitely going to have a huge crisis within its society.
Dollar

Dollar broadly higher in thin post-holiday trade

The dollar edged up against a basket of key rivals on Tuesday, while the Canadian dollar was supported by rising crude oil prices due to U.S. plans to tighten a clampdown on Iranian oil exports from next month.
(FILES) In this file photo taken on October 05, 2017 British one pound sterling coins are arranged for a photograph in central London on October 5, 2017. – The British pound extended losses on March 20, 2019 after Prime Minister Theresa May requested EU leaders to delay Brexit until June 30, sparking greater uncertainty over the nation’s departure from the bloc. (Photo by Daniel SORABJI / AFP)

Pound steadies as London seeks new Brexit delay

The British pound steadied Friday after London requested another Brexit extension in the long-running saga, while global stocks mostly rose on hopes over China-US trade talks.
Dollar

Dollar edges up as more central banks turn dovish

The dollar edged up on Thursday as many of its peers weakened after more central banks shifted to dovish policy stances amid a deteriorating global economic outlook.

Analyst: Why central bank may cut key interest rates again

Lukman Otunuga, research analyst at FXTM, says the Central Bank of Nigeria (CBN) would likely cut interest rates further if macro economic conditions in the country improve.
Pound

Pound rebounds above $1.32 on Brexit deal hopes

Sterling rallied above $1.32 on Tuesday on fresh hope that British Prime Minister Theresa May would avoid a chaotic no-deal Brexit, while global stock markets recovered.

Timaya: Lots of people show off lies on Instagram

Timaya, a Nigerian reggae dancehall singer, has spoken against people living fake life on social media, saying “a lot of people show off lies on the gram.”

Brexit delay request sends pound reeling

The pound fell sharply on Wednesday after British Prime Minister Theresa May announced it was seeking a delay to its exit from the European Union until June 30, while investors awaited the US Federal Reserve’s interest rate call.
An employee shows US dollar banknotes at a foreign currency brokerage office in Khartoum on October 7, 2018. - Sudan slashed the official value of its currency against the US dollar by more than half on October 7, the third devaluation this year in the face of a mounting economic crisis. (Photo by ASHRAF SHAZLY / AFP)

Forex: Dollar on back foot after soft data fans bet on dovish Fed

The dollar licked its wounds on Monday after soft U.S. data increased bets the Federal Reserve will cut rates later this year while the pound hovered near nine-months high on hopes for a delay in Britain’s exit from the European Union

Naira gains against dollar at investors window

The Naira on Friday gained against the dollar at the investors window, exchanging at N360.18 to the dollar.
An employee shows US dollar banknotes at a foreign currency brokerage office in Khartoum on October 7, 2018. - Sudan slashed the official value of its currency against the US dollar by more than half on October 7, the third devaluation this year in the face of a mounting economic crisis. (Photo by ASHRAF SHAZLY / AFP)

Dollar set for biggest weekly drop in three months

The dollar slipped against its rivals on Friday and was set for its biggest weekly drop in more than three months before a U.S. Central Bank meeting next week.
A pedestrian walks past a stock indicator showing share prices of the Tokyo Stock Exchange in Tokyo on August 14, 2018.Tokyo’s benchmark Nikkei index surged more than 2.2 percent August 14, swiftly recovering from the previous day’s losses, with investors encouraged by an apparent hiatus in the Turkey lira crisis. / AFP PHOTO / Kazuhiro NOGI

Tokyo shares close higher on weak yen

Tokyo shares rose on Friday, ending two days of declines, with a cheaper yen providing support and investors brushing off a downbeat central bank assessment of the Japanese economy.

Growth worries boost dollar amid sluggish pound sterling ahead of Brexit vote

The dollar witnessed a slight boost on Monday, hovering close to a near three-month high as investors continued to favour the greenback amid global growth concerns.

Bureaux de Change operators set exchange rate agenda for President Buhari

The Association of Bureaux de Change Operators of Nigeria (ABCON) has set N250 to dollar exchange rate agenda for President Muhammadu Buhari in his second term in office.

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Archbishop of Enugu Ecclesiastical Provence, Church of Nigeria, Anglican Communion, Dr. Emmanuel Chukwuma

Bishop Chukwuma challenges Governor Ugwuanyi on legacy projects

Most Rev. Emmanuel Chukwuma, Archbishop of Enugu Ecclesiastical Province, Anglican Communion, has appealed to Gov. Ifeanyi Ugwuanyi of Enugu State to leave legacies that posterity would remember him for.

NDLEA: 27 million involved in illicit drugs globally

The National Drug Law Enforcement Agency (NDLEA), has expressed worry over prevalent cases of drug abuse among youths in the country.
Governor of Edo State, Mr. Godwin Obaseki

Central bank, BoI mull financing window for Edo Creative Hub

The Central Bank of Nigeria (CBN) and the Bank of Industry (BoI), have disclosed plans to partner with the Edo State Government to ease access to finance to creators at the Edo Creative Hub.

Police confirm Lagos man kills wife, son, self

The police in Lagos said a 42-year-old man, Enifeh Omomo, allegedly committed suicide after killing his wife and their six-year-old son at their Ikorodu residence.
This picture taken on Tuesday, July 17, shows trucks completely blocking a section of the Oshodi-Apapa Expressway at Second Rainbow inward Mile 2, and commercial buses driving against traffic.

Truckers hails removal of navy from controlling Apapa traffic

The Federal Government’s withdrawal of the Nigerian Navy and other military formations from controlling traffic at the Apapa Port has been lauded as a welcome development by some truck owners.