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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.
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.

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Italy’s strongman Matteo Salvini holds a rally in Rome Saturday aimed at relaunching the Italian right and making a power grab for the capital.

Italy’s strongman Matteo Salvini flexes muscles with Rome rally

Italy’s strongman Matteo Salvini holds a rally in Rome Saturday aimed at relaunching the Italian right and making a power grab for the capital.

Kogi impeachment: Simon Achuba not under house arrest – Police

The Police authorities in Kogi State have debunked claims that impeached Deputy Governor, Elder Simon Achuba, has been placed under house arrest.

85th birthday: General Gowon rare gift to Nigeria – Governor Lalong

Gov. Simon Lalong of Plateau has congratulated former Head of State, Gen.Yakubu Gowon, on his 85th birthday, describing him as a rare gift to the State, Nigeria and the world.
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Polo: President Buhari leads others to First Bank Georgian Cup centenary finale

As the battle for top prizes at the 2019 First Bank Georgian Cup centenary Polo Tournament reaches a climax this weekend, there are strong indications that President Muhammadu Buhari would lead dignitaries to the closing ceremony of the International Polo Fiesta tomorrow.
Nigeria’s Oyinlomo Quadre lost her quarter final game yesterday to Ukrainian opponent, Strakhova Valeriya, in the ongoing second leg Lagos Open Tennis at the Lagos Lawn Tennis Club, Onikan.

Lagos Open: Oyinlomo Qaudre loses to Ukrainian star

Nigeria’s Oyinlomo Quadre lost her quarter final game yesterday to Ukrainian opponent, Strakhova Valeriya, in the ongoing second leg Lagos Open Tennis at the Lagos Lawn Tennis Club, Onikan.