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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.

Naira appreciates against dollar at I&E window

The Naira on Thursday appreciated against the dollar at the import and export (I&E) window in Lagos, exchanging at N360.99 to the dollar from the N361.18 it traded on Wednesday.
Images of the celebration of President Muhamadu Buhari’s victory in the February 23 presidential elections-8

Nigeria bonds rise after President Buhari’s re-election

Nigeria’s dollar-denominated government bonds rose to 5-7 month highs on Wednesday after President Muhammadu Buhari won a second term at the helm of Africa’s largest economy and top oil producer.
Dollar

ABCON: Fake $100 bills in circulation

The Association of Bureaux De Change Operators of Nigeria (ABCON) on Friday alerted members of the public about ongoing security investigation into fake $100 bills allegedly imported into Nigeria from India.
Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says the agency will monitor campaign funds donated to political parties for the 2019 elections as well as donors’ identities.

Elections: Fake dollars in circulation – EFCC

The Economic and Financial Crimes Commission (EFCC) has raised the alarm over the circulation of fake Dollar notes ahead of Saturday’s Presidential and National Assembly elections.
Dollar

Dollar weakens as trade deal hopes buoy riskier assets

The dollar fell versus a basket of its peers on Monday as rising expectations of a U.S.-Sino trade deal led investors to shift away from the safety of the greenback into riskier assets.

Naira up to N361.85 to the dollar in I&E window

The Naira yesterday appreciated to N361.85 per dollar in the Investors and Exporters (I&E) window due to an 80 percent increase in the volume of dollars traded.

Naira down to N362.03 to the dollar in I&E window

The Naira yesterday depreciated to N362.03 per dollar in the Investors and Exporters (I&E) window.
BP

London stocks jump on weak pound, strong BP profits

London’s stock market rallied Tuesday to a new two-month peak, supercharged by a Brexit-hit pound and energy giant BP’s surging annual profits, dealers said.
A trader laughs ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) on February 1, 2019 in New York City. – Wall Street stocks concluded another strong week with a nearly flat session on Friday, February 1, 2019, pausing from a heady January following strong jobs data and mixed earnings. Analysts said the rally that had propelled stocks since late December and produced the Dow’s best January in 30 years was showing signs of fatigue. (Photo by Johannes EISELE / AFP)

Global stocks mostly rise after strong US jobs data

Global stocks mostly rose Friday following strong US jobs data, though Wall Street’s rally showed signs of fatigue after the Dow finished its best January in 30 years.

Naira stable at N360.5 to dollar at parallel market

The Naira on Thursday traded flat at N360.5 to the dollar at the parallel market in Lagos, the News Agency of Nigeria reports.

Naira closes at N363.32 to dollar at investors window

The Naira on Wednesday closed at N363.32 to the dollar at the investors window, the News Agency of Nigeria (NAN) reports.
Fredrick Nwabufo

Why money is not flowing like Ikogosi springs this campaign season

I am sure you have noticed that “money is not flowing” this season as it did in 2015 when there was a blizzard of dollars.
Zimbabwe police fired teargas to disperse a crowd queuing for bread at a shopping centre near central Harare [Philimon Bulawayo-Reuters]

Uneasy calm in Zimbabwe amid stay-at-home fuel price protest

An uneasy calm returned to Zimbabwe's main cities but businesses and schools remained closed and mobile networks enforced a government internet shutdown on the final day of a national strike triggered by a steep rise in fuel prices.
The UK pound has continued to fall following the Brexit. AFP

Pound hits seven-week high on eve of vital Brexit vote

The British pound on Monday hit a seven-week high against the dollar as UK Prime Minister Theresa May delivered an upbeat speech on the eve of a key Brexit vote which she is expected to lose, dealers said.
The logo of Apple is seen at a store in Zurich, Switzerland January 3, 2019. REUTERS-Arnd Wiegmann

Apple warning delivers fresh blow for markets, global growth

Stock markets retreated once more Thursday as China’s slowing economy forced Apple to slash its revenue forecast, wiping as much as $55 billion from its value and dragging down share prices in the wider technology sector.

Central bank injects fresh $210 million in forex market

The Central Bank of Nigeria (CBN) yesterday intervened in the interbank sector of the foreign Exchange market, injecting $210 million into the wholesale segment and other sectors of the market.
Iranian President Hassan Rouhani - AFP PHOTO - ALEX HALADA

11 arrested over $400 million theft in Iran

Iran’s intelligence ministry said Monday it had arrested 11 “economic disruptors” who misappropriated some $400 million earmarked for essential goods and smuggled the money out of the country.

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Bill Cosby lectures fellow inmates on parenting, drug use

American stand-up comedian and actor, Bill Cosby, 81, is dishing out parenting, drug use and life advice to his fellow inmates.

UNICAL staff forging my signature, collecting money for fake jobs – vice chancellor

Vice Chancellor of the University of Calabar, (UNICAL), Prof. Zana Akpagu, says they are investigating some staff who are allegedly involved in collecting money from unsuspecting members of the public and forging his signature to give them fake jobs in the institution.
Waziri Umaru Federal Polytechnic Birnin-Kebbi

Kebbi polytechnic students stopped from writing exams

The Kebbi Government has appealed to the management of Umaru Waziri Polytechnic, Birnin Kebbi to reconsider the banning of 7,000 Kebbi students from writing semester examinations over the government failure to settle the students tuition fees.
All Progressives Congress (APC) Nigeria

Seven APC support groups endorse General Ankpa for Kogi governorship ticket

A group, Kogi state Liberation network, an amalgamation of seven All Progressives Congress (APC) support groups, has endorsed Gen Patrick Ademu Akpa (Rtd) for the APC governorship primary.
All Progressives Congress (APC) Nigeria

Kogi guber: APC NWC to decide mode of primary

In a stakeholders meeting by the Haddy Ametuo-led All Progressives Congress (APC) Kogi State executive, held in Lokoja, on Monday, the faction resolved to allow the National Working Committee (NWC) wade in and determine the mode of election to be adopted for the August governorship primary.