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European Central Bank

IMF remove age barrier to position of managing director

The International Monetary Fund (IMF) has approved the removal of the age limit for the position of IMF managing director, paving the way for Kristalina Georgieva to head the multilateral lender.
Dollar

Dollar, yen fall as global tensions ease, pound rallies

The safe-haven dollar and yen fell on Wednesday after global political worries eased with what markets perceived as positive news in Hong Kong, Italy and Britain.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.

Facebook’s Libra currency ‘could undermine ECB’ – official

Widespread adoption of Facebook’s proposed “Libra” cryptocurrency could harm the European Central Bank’s ability to manage the eurozone economy and threaten the euro itself, a top official said Monday.
A European Central Bank official has revealed that about 1.3 trillion euros ($1.44 trillion) worth of assets will be moved from London to the eurozone due to Brexit, according to document.

Brexit: Banks to move €1.3 trillion assets to eurozone – ECB

A European Central Bank official has revealed that about 1.3 trillion euros ($1.44 trillion) worth of assets will be moved from London to the eurozone due to Brexit, according to document.

White House says ‘no recession in sight’ despite market turmoil

White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States.

IMF executive board begins selection process for next managing director

The Executive Board of the International Monetary Fund (IMF) has adopted an open, merit-based, and transparent process for the selection of the next managing director, the organisation has said.
A pedestrian walks past a stock indicator board for the Tokyo Stock Exchange being displayed in a window of a securities company in Tokyo on October 1, 2018. - Japanese shares powered to a new 27-year high on October 1 after the US and Canada clinched a long-awaited trade deal, but other Asian equity markets struggled in subdued holiday trading. (Photo by Martin BUREAU / AFP)

Asian markets tank, oil prices rise ahead of US rate cut

Asian markets were in retreat Monday on dimming hopes for a deep interest rate cut by the US Federal Reserve, but all the firms on a new tech-focused board in China rallied on its opening day.

France to lead EU talks on new IMF chief

French Economy Minister, Bruno Le-Maire, will lead informal talks to produce a European candidate to head the International Monetary Fund (IMF), a European official at G7 talks near Paris said on Thursday.

Christine Lagarde resigns as IMF chief

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, announced in a statement on Tuesday that she had submitted her resignation from the IMF and it will go into effect in September.

Official: EU working to replace Christine Lagarde at IMF

The EU wants to have an agreed European candidate to replace Christine Lagarde at the helm of the International Monetary Fund (IMF), a senior EU official on Monday said.
French President Emmanuel Macron delivers his speech to honor Japan’s architect Arata Isozaki at the Elysee Palace in Paris on May 24, 2019. Isozaki is the laureate of the 2019 Pritzker architecture prize.-br --Francois Mori - POOL - AP - AFP

France sets up task force to deal with Facebook’s cryptocurrency

France is creating a G7 task force to ensure that transnational crypto currencies like Facebook’s Libra are regulated to protect the economy and the consumer.
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.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.

France responds to Facebook’s Libra with new cryptocurrency task force

France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.
Dollar

Stocks, currencies firm up ahead of US Fed outcome

Emerging market stocks rose on Wednesday while developing world currencies broadly firmed against the dollar as investors counted on the U.S. Federal Reserve’s outlook later today to match their expectations of lowering U.S. borrowing costs.
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.
Spanish Prime Minister Pedro Sanchez applauds at the end of a campaign rally in Barcelona on May 23, 2019 ahead of EU elections. (Photo by LLUIS GENE - AFP)

Spain prime minister faces ‘second round’ in European polls

Spain votes in local, regional and European Parliament elections on Sunday which will influence acting Prime Minister Pedro Sanchez’s talks to form a new government.
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.

Growth worries boost dollar amid sluggish pound sterling ahead of Brexit vote

The dollar witnessed a slight boost on Monday, hovering close to a near three-month high as investors continued to favour the greenback amid global growth concerns.

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Club Brugge coach Philippe Clement has back Nigerian U23 striker David Okereke to end goal drought when they face Anderlecht at Jan Breydel Stadium on Sunday.

Club Brugge coach backs Nigerian U23 ace to end goal drought

Club Brugge coach Philippe Clement has back Nigerian U23 striker David Okereke to end goal drought when they face Anderlecht at Jan Breydel Stadium on Sunday.

Federal government trains farmers on ginger production

The Federal Ministry of Agriculture and Rural Development (FMARD), Extension Department, has trained 10 extension workers on ginger production.
British-Nigerian rapper David Orobosa Omoregie, popularly known as Dave, has won the 2019 Mercury Prize for his album Psychodrama. The award has a cash prize of £25,000.

British-Nigerian rapper wins £25,000 Mercury Prize

British-Nigerian rapper David Orobosa Omoregie, popularly known as Dave, has won the 2019 Mercury Prize for his album Psychodrama. The award has a cash prize of £25,000.
Kidnap Victim

ASUP chair, four others kidnapped

The Chairman, Academic Staff Union of Polytechnics (ASUP), Oyo State College of Agriculture and Technology, Igbo-Ora, Mr. Opadijo Olujide, along with Secretary of the Union, Gbenga Alayande, and three others have been kidnapped.
Ogun State Governor, Prince Dapo Abiodun has vowed to bring to reality in the state, the vision of the acclaimed winner of the June 12 , 1993 Presidential election, Moshood Kashimawo Olawale (MKO) Abiola.

Ogun governor suspends N3,700 PTA fee

Ogun State governor, Dapo Abiodun, at his swearing-in ceremony, promised to improve the standard of education in the state and on Friday, the governor has suspended with immediate effect payment of N3 700 as PTA fee inherited by the past administration.