Home Topics Dollar

Dollar

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.

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.

Recent Stories

Lagos lawyer urges governor to preserve cancer treatment center

Lagos based human rights activist and lawyer, Ebun-Olu Adegboruwa, on Thursday appealed to the Governor of Lagos State, Mr Babajide Sanwo-Olu, to do his best to preserve the Ikoyi Cancer Treatment Center and also call to order, officers of the Lagos State Physical Planning Authority, to unseal the premises for the project to be completed.
Boko Haram

Boko Haram kills colonel, five soldiers in Borno

An Army Colonel, a Captain with his four escorts and a driver were killed Thursday killed by rampaging Boko Haram insurgents between Mainok and Jakana along Damaturu/Maiduguri highway.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

Court convicts businessman, company for N30 million fraud

The Economic and Financial Crimes Commission, EFCC, Maiduguri Zonal Office on Thursday secured the conviction of Usman Ibrahim Idris alongside his company, Influential Investment Limited, before Justice Fadawu Umar of the Borno State high court, Maiduguri.

Firm restates needs for business continuity management

Nigeria’s representative in Disaster Recovery Institute International (DRI) Philip Keshiro has advised government agencies to consider Business Continuity Management (BCM) to recover from disasters.
Nigerian National Petroleum Corporation (NNPC)

Total, NNPC complete, hand over N900 million projects to eight northern states

Total Upstream Nigeria Limited, Nigerian National Petroleum Corporation, NNPC and its partners, yesterday, handed over 10 projects in health, education and information technology, valued at N900 million to eight states in the northern region of the country.