Dollars

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

Nigeria’s football fans’ hope of seeing Super Eagles put the Syli Nationale of Guinea to the sword in their second group B match today may have suffered a big blow as the players protested over unpaid bonuses, yesterday.

In an extraordinary series of tweets, President Donald Trump on Friday explained his rationale for calling off a retaliatory military strike against Iran over the downing of a U.S. drone.

The World Bank approved a $750 million loan to Kenya that focused mainly on support for agriculture and housing, the bank said in a statement.

A Japanese man died on a plane after swallowing almost 250 packets of cocaine.

The Economic and Financial Crimes Commission, EFCC, has re-arraigned a former Chairman, Board of Directors, Skye Bank Plc (now Polaris Bank), Tunde Ayeni, and the former Managing Director, MD of the Bank, Timothy Ajani Oguntayo, before Justice Ijeoma Ojukwu, of a Federal High Court, Abuja, on an eight-count charge bordering on money laundering to the tune of N8 billion.

Justice J.K Omotosho of the Federal High Court sitting in Port Harcourt, Rivers State has convicted and sentenced Onuoha Danhessy Akachuku to three months imprisonment, for defrauding an American, Maria Jose Alvarez of the sum of $5,260 in a failed online romance deal.

U.S.-China trade war has boosted the risk of a U.S. recession, say a strong majority of economists polled by Reuters, who now put the chances of that happening in the next two years at 40 per cent.

Dr. Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), on Tuesday said the corporation had recovered $1.6 billion from some companies fleecing one of its subsidiaries.

A whistle blower, George Uboh, has challenged the plan by the federal government to extend the appointment of the Governor of the Central Bank of Nigeria (CBN), Godwin Emiefele

Facebook Inc co-founder and former Mark Zuckerberg roommate, Chris Hughes, has called for the break-up of the social network in an opinion piece in the New York Times.

The Minister of Transportation, Mr Rotimi Amaechi, said the federal government has approved the construction for Warri seaport at the cost of about 3.9 billion dollars and also awarded contract for Abuja-Warri rail line.

The arraignment of the Managing Director of Access Bank Plc, Mr Herbert Nwigwe and eight others by the Special Fraud Unit of Nigeria Police over allegation of $6.3 million fraud before a Lagos High Court, Ikeja has been stalled due to absence of some the defendants.

Saudi Arabia will issue three billion to five billion dollars in new international sukuk or Islamic bonds around the third quarter as part of plans to diversify financing of the national budget deficit, a senior finance ministry official told Reuters.

Sales of Sports Utility Vehicles (SUV) and cost cuts helped Volkswagen (VW) shrug off a 1 billion euro legal charge and meet first-quarter operating profit forecasts on Thursday, sending its shares 3.3 per cent higher.

China’s Belt and Road initiative must be green and sustainable, President Xi Jinping said at the opening of a summit on his grand plan on Friday, adding that the massive infrastructure and trade plan should result in “high-quality” growth for everyone.

Brent oil slipped to around 71 dollars a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness to stick with OPEC-led supply cuts.

The two men in the motorised wooden canoe look around warily as they leave a towering shipwreck in the Lagos lagoon, with the barrels of oil on board barely concealed under rags.