Home Topics Dollar
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’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.
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.
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.
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.
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.
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
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.
The Police authorities in Kogi State have debunked claims that impeached Deputy Governor, Elder Simon Achuba, has been placed under house arrest.
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.
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.
South Korea’s recently appointed justice minister, Cho Kuk, resigned on Monday saying a graft scandal swirling around his family had become a political burden for President Moon Jae-in’s government.
Villarreal, Atletico Madrid and La Liga have submitted a request to the Royal Spanish Football Federation (RFEF) for their match in December to be played in Miami.
Manchester United are set to be handed a quadruple injury boost with a number of key players ready to return for Sunday’s showdown with Liverpool, according to the Mirror.
In a bid to curb leakages and ensure efficiency in the management of government resources, President Muhammadu Buhari has approved for immediate implementation, additional cost saving measures aimed at instilling financial discipline and prudence, particularly, in the area of official travels.
Isabelle Silva, the wife of Paris Saint-Germain’s Thiago Silva, granted an interview to Le Parisien recently in which she talked about her relationship with her husband through the years.