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Currency swap: Naira will gain strength against dollar – economist

An economist, Dr Chijioke Ekechukwu, says the naira will gain strength against the dollar when the Nigeria-China currency swap takes effect.

President Mnangagwa: Zimbabwe ‘on track to regain its bread basket status’

Zimbabwean President Emmerson Mnangagwa has reportedly said that his country is doing well in regaining its breadbasket status, following the introduction of the command agriculture over the past two years.

Sudan set for major cabinet reshuffle: state media

Sudanese Prime Minister Bakri Hassan Saleh is expected on Monday to announce a major cabinet reshuffle that will see eight ministers replaced amid a growing economic crisis, state media reported.

Zimbabwe’s central bank imports $400 milling to ease cash crisis

Zimbabwe's central bank chief has promised that chronic cash shortages will ease within two months' time, which will also be around the time Zimbabweans go to the polls.

Senate wants state of emergency in health sector

Senate yesterday said it was disturbed by the decay of infrastructure in the public healthcare institutions in the country and urged the federal government to declare state of emergency in the health sector.

Zimbabwe reeling after army chief Constantino Chiwenga’s warning to Robert Mugabe

Zimbabwe was reeling Tuesday after the army warned it could intervene if President Robert Mugabe continued to purge veteran ruling party figures in an apparent effort to help his wife succeed him.

Lagos businessman losses N360m to fraudsters

A Lagos-based businessman, Austine Ugochukwu Albert, has lost the sum of N360m to fraudsters in Lagos when he wanted to purchase foreign currency at the bureau de change.

How we print, spend millions of fake local, foreign currencies – suspects

The Osun State Commissioner of Police, Adeoye Fimihan, has confirmed the arrest of six persons in connection with the printing, selling and spending of fake local and foreign currencies.

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Egypt raises military pensions amid austerity measures

Egypt's President Abdel-Fattah al-Sisi has raised pensions for military personnel and salaries for civil servants by 15% amid a wave of price hikes linked to austerity measures.
German chancellor Angela Merkel

EU leaders tackle political flare-up over migrants

EU leaders headed to Brussels for emergency talks Sunday over migration as Italy's new populist cabinet turned away another rescue ship, vowing no longer to shoulder Europe's migrant burden.

Enugu government sets up judicial panel of inquiry over monarch’s death

The Enugu State Government has set up a Judicial Panel of Inquiry to find out what led to the death of the Traditional Ruler, Igwe Stephen Nwatu.

Security: Police deploy AIG to Lagos airport

In an effort to boost security, the federal government has deployed an Assistant Inspector-General of Police (AIG), Danjuma Muhammad, to take charge of the Murtala Muhammed International Airport Police Command.
felling of trees

NGO laments reckless felling of trees

Worried by the threats of deforestation in the country, a non-governmental organisation (NGO) in Bauchi State, Natural Resources Conservation Foundation, has lamented the reckless felling of trees in the society, which it said, creates artificial desertification and other disasters such as the recent windstorm that rocked the state.