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(FILES) This file photo taken on February 9, 2017 shows Chinese 100 yuan notes in Beijing. The Chinese currency continued its sharp decline on July 20, 2018 despite US President Donald Trump's bid to rein in the dollar, as analysts pointed out that a weaker yuan aids Beijing in its trade tussle with Washington. / AFP PHOTO / FRED DUFOUR

Dollar steady, Yuan firms as US–China trade talks spur caution

The dollar found support on Tuesday while investors awaited the outcome from crucial Sino-U.S. trade talks in Washington, with many staying cautious as neither side has shown signs of giving ground at the negotiations.
South African Rand

South African rand weaker as investors seek shelter in dollar

South Africa’s rand weakened early on Monday as the dollar gained against riskier currencies with investors watching developments in the China-U.S. trade dispute and a slew of domestic and global economic indicators this week.
A man walks in front of an electronic stock indicator displaying the share price of the Tokyo Stock Exchange in Tokyo on August 5, 2019. – Tokyo stocks closed sharply lower on August 5, weighed down by a strong yen and tracking losses on Wall Street amid US-China trade woes. (Photo by Kazuhiro NOGI / AFP)

Tokyo shares end at two-week low after Wall Street declines

Tokyo stocks fell on Friday as investors cashed out following declines on Wall Street overnight amid concerns over an impeachment inquiry into U.S. President Donald Trump.
Ogun state governor Prince Dapo Abiodun has tweeted his real official portrait, as against the image that is being circulated by street traders in Abeokuta, the capital.

Ogun governor vows to make state investment destination

Governor Dapo Abiodun of Ogun State has reiterated his commitment towards making the state the first investment destination of choice not only in Nigeria but In the Sub-Saharan Africa.

World Peace Day: NGO, NUJ call for end to Taraba crisis

As the world marks international day for peace today, the DEPHEE Peace and Community Development Initiative, an NGO, and the Nigerian Union of Journalists (NUJ) has called on the government and warring factions in Taraba State to end the ongoing communal clashes between the Jukun and Tiv in the southern part of the state.

Nigeria ranks 146 on World Bank’s Ease of Doing Business index

The Nigerian Investment Promotion Commission has said that Nigeria ranks 146 out of 190 countries on the Ease of Doing Business globally.

Banks reject costly deposits over central bank’s policy

Banks are rejecting high interest-yielding deposits as they countdown to the Central Bank of Nigeria (CBN) policy mandating them to give out at least 60 per cent of their deposits as loans or be sanctioned, it was learnt on Monday.

China’s trade with US shrinks in August

China’s trade with the United States shrank by double digits in August as the two sides prepare for trade talks with no sign of progress toward ending a worsening tariff war that threatens global economic growth.
Rivers State Governor, Nyesom Ezenwo Wike has banned the planned RevolutionNow protest in the state.

Rivers governor seeks federal, state partnership against oil theft

Rivers State Governor Nyesom Wike has called on the Federal Government to partner states to fight oil theft. Wike reiterated that oil bunkering has continued to worsen because of the participation of security agencies.
South African Rand

South African rand flat as investors await GDP data

South Africa’s rand traded sideways on Monday, with investors holding fire ahead of second quarter economic growth figures that could help gauge the future direction for the currency.

$9.6 billion judgement debt: Analyst wants federal government to negotiate with P&ID

Mr Atiku Samuel, a policy analyst says the Federal Government should negotiate with Process and Industrial Development Ltd. (P&ID) before taking any other legal action.
The Coordinator of the organisation, Nwonu Priscilla Chika, told her interrogators that the club operates a collaborative contribution scheme, mostly transacted in cash on the two-class basis- first class and business class.

EFCC arrests ponzi scheme operator in Enugu

Following intelligence received from a sister law enforcement agency, the southeast zonal office of the Economic and Financial Crimes Commission (EFCC), on Thursday arrested three promoters and staff of Millionaires African Leaders Club, a Ponzi scheme operating from No. 79, Nike Road, Abakpa Nike, Enugu, Enugu State.
Ogun state governor Prince Dapo Abiodun has tweeted his real official portrait, as against the image that is being circulated by street traders in Abeokuta, the capital.

Ogun governor announces reform on ease of doing business

Ogun State Governor, Dapo Abiodun, on Wednesday said his administration has introduced some reform initiatives that would help reduce bureaucratic bottleneck and improve ease of doing business in the state.
NIMASA

NIMASA bags most reliable government organisation award in Ghana

Nigerian Maritime Administration and Safety Agency, NIMASA, has been awarded the “Most Reliable Government Organisation of the Year” at the annual awards by the Pan African International magazine in Accra, Ghana. The organisers say the award was in recognised for “its giant achievements in the maritime sector, locally and globally.”
Nigerian Stock Exchange NSE

Stock market wobbles as foreign investors withdraw N243.35 billion

Foreign Portfolio Investors have pulled out N243.35bn from the Nigerian capital markets in seven months primarily due to the bearish performance of the market in recent times.
The All Progressives Congress, APC, has challenged newly sworn in ministers to justify the confidence reposed in them by President Muhammadu Buhari and all Nigerians, by settling down to work quickly, hit the ground running and consolidate on the progress that have been made in the various sectors.

Capital market operators task new ministers on recession

Some capital market operators on Thursday said there was the need for the new ministers to commence work without delay to revive the nation’s economy to avoid another round of recession.
Nigerian Stock Exchange NSE

NSE: Investors react positively to ministers’ inauguration, assignment

Investors on the Nigerian Stock Exchange (NSE) on Wednesday reacted positively to the inauguration and assignment of ministers to various portfolios by President Muhammadu Buhari.
Former Governor of Imo State, Senator Rochas Okorocha, on Monday lamented that the immediate past Minister of Power, Works and Housing, Babatunde Fashola is now having gray hair because the work of heading three ministries was to big for him.

Senator Okorocha: Governor Ihedioha actions‘ve taken Imo backwards

Immediate past Imo governor, Rochas Okorocha, has accused his successor Emeka Ihedioha of driving the state backwards since he assumed office by destroying everything he met on ground just to spite him.

Recent Stories

Oil prices rise on OPEC deficit forecast

Oil prices rose on Thursday, recouping some of the previous session’s losses after OPEC forecast a supply deficit next year and the U.S. Federal Reserve said the economic outlook was favorable.
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Porsche gets 30,000 down payments for new electric car

Some 30,000 drivers have made down payments for Porsche’s first electric car, according to the high-end automaker’s chief executive.
World heavyweight boxing champion Anthony Joshua has expressed appreciation to the Consul General of Nigeria in New York, Mr Benaoyagha Okoyen, for psyching him up to reclaim his titles.

Anthony Joshua thanks Nigerian envoy for inspiring him

World heavyweight boxing champion Anthony Joshua has expressed appreciation to the Consul General of Nigeria in New York, Mr Benaoyagha Okoyen, for psyching him up to reclaim his titles.
Nigerian striker Rinsola Babajide was the heroine for Liverpool Ladies in their Women Super League Cup 3-1 win over Durham FC at Prenton Park.

Rinsola Babajide’s brace sends Liverpool to next round of English Super Cup

Nigerian striker Rinsola Babajide was the heroine for Liverpool Ladies in their Women Super League Cup 3-1 win over Durham FC at Prenton Park.
Rivers State Governor, Nyesom Ezenwo Wike addressing the meeting with Kalabari Ethnic Nationality at the Government House Port Harcourt on Wednesday.

Rivers governor threatens to sack traditional ruler over ‘romance’ with Bayelsa governor

Rivers Governor Nyesom Wike has called on on leaders of Kalabari ethnic group inn the State to prevail on the Amanyanabo of Kalabari, King Theophilus J.T. Princewill, not to allow himself to be used by external forces to create disunity in the State.