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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.
Saad Hariri

Lebanese premier vows to keep currency pegged to dollar

Lebanon's prime minister is pledging to keep the national currency pegged to the dollar and says the government won't consider an International Monetary Fund program that would leave it to the markets to decide the price of the Lebanese pound.
The pound slumped more than one percent versus the dollar and euro Wednesday as Britain’s government moved to extend the suspension of parliament, increasing the likelihood of a no-deal Brexit.

Pound dives on increased no-deal Brexit prospect

The pound slumped more than one percent versus the dollar and euro Wednesday as Britain’s government moved to extend the suspension of parliament, increasing the likelihood of a no-deal Brexit.
Kano Pillars narrowly missed out on the Nigeria Professional Football League (NPFL) title but they held on to secure the second ticket for the Caf Champions League.

Aiteo Cup: Kano Pillars get $40,000 reward from state government

The Kano State Governor Abdullahi Ganduje has made a donation of $1,000 each to Kano Pillars players and their officials following their historic feat in the 2019 Federation Cup.

Forex: Turnover in I&E rises by 38% to $4bn in July

The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market rose sharply by 38 percent, month-on-month, to $4.12 billion in July from $2.9 billion in June, 2019.

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.

Oil prices jump over two percent as Saudi Arabia, Russia back supply cuts

Oil prices rose more than one dollar a barrel on Monday after Saudi Arabia, Russia and Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting in Vienna.
China’s capital Beijing is set to open an eye-catching multi-billion dollar airport resembling a massive shining starfish, to accommodate soaring air traffic and celebrate the Communist government’s 70th anniversary in power.

China completes $17.5 billion world’s largest airport in Beijing

China’s capital Beijing is set to open an eye-catching multi-billion dollar airport resembling a massive shining starfish, to accommodate soaring air traffic and celebrate the Communist government’s 70th anniversary in power.
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 moves up to one-week high against yen

The dollar on Thursday edged up to a one-week high against the safe-haven yen as some of the jitters ahead of the G20 summit in Japan eased amid hopes for progress in resolving the Sino-U.S. trade war.

Naira closes at N359.5 per dollar at parallel market in Lagos

The Naira on Tuesday closed at N359.5 to a dollar at the parallel market in Lagos, newsmen reports.
Dollar

Dollar slips on Fed prospects

The dollar hit a multi-month low against the euro and the yen on Tuesday on the prospects of monetary easing by the Federal Reserve while the safe-haven Swiss franc and gold rose on Middle East tensions.
Zimbabwe has brought back its own currency, the Zimbabwe dollar, just over a decade after its usefulness was destroyed by hyperinflation.

Zimbabwe bans use of US dollars, others

In a bid to defend its fledgeling new currency against black market speculation, Zimbabwe‘s Finance Minister Mthuli Ncube has outlawed the use of the US dollar and a host of other foreign currencies in local transactions.
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 struggles after biggest weekly drop in four months

The dollar was on the back foot on Monday after sustaining its biggest weekly drop in four months last week as traders remained cautious about the prospects of trade talks between the United States and China at this week’s G20 summit.
Zimbabwe Dollar

Zimbabwe’s currency hits new low, firms demanding payment in US dollars

Zimbabwe’s interim currency fell to a new low on the black market on Thursday and local firms were demanding payment in U.S. dollars as a hedge against inflation, which is running at its highest in a decade.
Dollar

Dollar heads toward three-month low

The dollar weakened against its rivals on Tuesday, heading back toward a recent three-month low before a U.S. Central Bank meeting gets underway with expectations growing the Fed will signal its first rate cut in a decade.
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.

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Ousted emir emerges Zamfara PDP deputy chairman

Former Emir of Bakura in Zamfara, Alhaji Hassan Marafa has emerged as the Deputy Chairman of the state chapter of the Peoples Democratic Party (PDP).
Seyi Makinde

Tribunal verdict triumph of truth over falsehood – Oyo governor

Oyo State Governor, Mr Seyi Makinde, has described his victory at the Governorship Election Petitions Tribunal as the triumph of truth over falsehood.
Google employees are holding a sit-in at offices around the world to protest alleged retaliation against workers.

Google to unveils new Pixel phone October 15

Google on Monday sent out invitations to an October 15 event starring “things Made by Google,” with a new Pixel smartphone expected in the line-up.

Reps: 1,723 contractors received N70 billion without mobilising to site

The House of Representatives ad hoc committee on abandoned Projects in Niger Delta has discovered that a total of 1,723 contractors had collected a total of N70.495 billion without mobilising to the site.

Gary Neville brands Paul Pogba’s agent Mino Raiola a ‘disgrace’

Gary Neville has branded Manchester United midfielder Paul Pogba’s agent Mino Raiola a disgrace and urged his former club to no longer negotiate with the Italian.