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Why doctors are leaving Nigeria

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.
(FILES) In this file photo taken on October 05, 2017 British one pound sterling coins are arranged for a photograph in central London on October 5, 2017. – The British pound extended losses on March 20, 2019 after Prime Minister Theresa May requested EU leaders to delay Brexit until June 30, sparking greater uncertainty over the nation’s departure from the bloc. (Photo by Daniel SORABJI / AFP)

Pound steadies as London seeks new Brexit delay

The British pound steadied Friday after London requested another Brexit extension in the long-running saga, while global stocks mostly rose on hopes over China-US trade talks.
Pound Sterling

Pound falls after UK parliament rejects Brexit plan

The pound fell Friday after Britain’s parliament again rejected a proposed deal to withdraw from the European Union.
Pound

Pound rebounds above $1.32 on Brexit deal hopes

Sterling rallied above $1.32 on Tuesday on fresh hope that British Prime Minister Theresa May would avoid a chaotic no-deal Brexit, while global stock markets recovered.

Brexit delay request sends pound reeling

The pound fell sharply on Wednesday after British Prime Minister Theresa May announced it was seeking a delay to its exit from the European Union until June 30, while investors awaited the US Federal Reserve’s interest rate call.

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.
BP

London stocks jump on weak pound, strong BP profits

London’s stock market rallied Tuesday to a new two-month peak, supercharged by a Brexit-hit pound and energy giant BP’s surging annual profits, dealers said.
A trader laughs ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) on February 1, 2019 in New York City. – Wall Street stocks concluded another strong week with a nearly flat session on Friday, February 1, 2019, pausing from a heady January following strong jobs data and mixed earnings. Analysts said the rally that had propelled stocks since late December and produced the Dow’s best January in 30 years was showing signs of fatigue. (Photo by Johannes EISELE / AFP)

Global stocks mostly rise after strong US jobs data

Global stocks mostly rose Friday following strong US jobs data, though Wall Street’s rally showed signs of fatigue after the Dow finished its best January in 30 years.
The UK pound has continued to fall following the Brexit. AFP

Pound hits seven-week high on eve of vital Brexit vote

The British pound on Monday hit a seven-week high against the dollar as UK Prime Minister Theresa May delivered an upbeat speech on the eve of a key Brexit vote which she is expected to lose, dealers said.
The logo of Apple is seen at a store in Zurich, Switzerland January 3, 2019. REUTERS-Arnd Wiegmann

Apple warning delivers fresh blow for markets, global growth

Stock markets retreated once more Thursday as China’s slowing economy forced Apple to slash its revenue forecast, wiping as much as $55 billion from its value and dragging down share prices in the wider technology sector.
Pound Sterling notes and change are seen inside a cash register in a coffee shop in Manchester, Britain, September 21, 2018. REUTERS-Phil Noble-File Photo

British pound sinks on reports of Brexit vote delay

Pound sterling sinks on reports that Prime Minister Theresa May will delay a Brexit deal vote on the eve of what was forecast to be a “huge” defeat

Oil slides to 1-year low at end of volatile trading week

Oil prices slumped to one-year lows Friday on lingering concerns over high crude supplies, while stocks diverged at the end of another volatile week for global markets.
US crude oil

Saudi Arabia’s production cut hikes oil prices

Oil prices climbed on Monday as the world’s biggest supplier Saudi Arabia announced plans to cut production, in the face of fears of oversupply.

Naira appreciates against dollar at investors’ window

The Naira on Thursday appreciated marginally against the dollar at the Investors’ Window (I & E), exchanging at N363. 57, stronger than N363.94 posted on Wednesday.
Dollar

Dollar rally moves to Asia after US data but stocks tumble

The dollar continued to brush aside other currencies Thursday after further proof of the booming US economy sent Treasury yields surging, but Asian equities sank with more Federal Reserve rate hikes looking certain.
Britain's Prime Minister Theresa May leaves after a press conference at the end of the EU Informal Summit of Heads of State or Government at the Mozarteum University in Salzburg, Austria, on September 20, 2018. / AFP PHOTO / APA AND AFP PHOTO / Christof STACHE

Brexit: Theresa May hits back at EU over Chequers plan

Prime Minister Theresa May hit back Friday at the European Union after it roundly rejected her Brexit plan, saying its refusal to compromise was "not acceptable" and reiterating the possibility of walking away from the negotiations.
A man walks past a stock indicator showing share prices on the Tokyo Stock Exchange in Tokyo on July 13, 2018. Tokyo stocks opened higher on July 13 helped by a cheaper yen and rebounds on US markets. - AFP PHOTO - Kazuhiro NOGI

Markets hit by fears of fresh Donald Trump tariffs on China

Asian markets sank on Monday following reports that Donald Trump is planning to hit China with another round of tariffs, dealing a blow to hopes for talks between the two economic giants.
Pedestrians walk past the electronics stock indicator at the window of a security company in Tokyo on March 2, 2018. Tokyo stocks opened lower on March 2, taking a negative lead from Wall Street where shares tumbled after President Donald Trump vowed to enact steep tariffs on steel and aluminium imports, reviving fears of a trade war. / AFP PHOTO / Toshifumi KITAMURA

Asian markets sink on fresh trade fears after Donald Trump remarks

Hong Kong and Shanghai led a broad sell-off across most Asian markets Monday after Donald Trump threatened to impose tariffs on all Chinese imports, ramping up fears of an all-out trade war between the world's top two economies.

Recent Stories

Jigawa government releases N192m for improvement of Dutse water supply

The Managing Director of Jigawa Water Board, Zayyan Rabiu, on Monday said that the state government has released N192 million for the improvement of water supply in Dutse metropolis.
national assembly abuja

SERAP fumes over ‘repressive’ National Assembly media accreditation guidelines

Socio-Economic Rights and Accountability Project (SERAP) has urged the “leadership and management of the National Assembly to immediately withdraw the repressive media accreditation guidelines or face legal action.”
David Samson Unuanel

Ex-Enyimba coach drags club over alleged N3.45 million debt

Former Coach of Enyimba International F.C., Samson Unuanel, on Tuesday dragged the club before the National Industrial Court, Abuja, over alleged unpaid N3.450 million, being the balance of his sign-on-fee
A pedestrian walks past a Huawei product stand at an EE telecommunications shop in central London on April 29, 2019. – British Foreign Secretary Jeremy Hunt has urged caution over the role of China’s Huawei in the UK, saying the government should think carefully before opening its doors to the technology giant to develop next-generation 5G mobile networks. His comments come after Prime Minister Theresa May conditionally allowed China’s Huawei to build the UK 5G network, information that was leaked to a newspaper from top secret discussions between senior ministers and security officials, a leak that has caused a scandal that has rocked Britain’s splintered government. (Photo by Tolga Akmen / various sources / AFP)

Huawei accuses US of bullying

Chinese telecoms equipment maker Huawei called itself the victim of U.S. “bullying” on Tuesday and said it was working with Google to counter trade restrictions imposed by Washington last week, a senior Huawei executive said.

Man docked for cultism, possession of firearm

The Police in Lagos on Tuesday docked a man, Toheeb Olapade, 26, at an Ogudu Magistrates’ Court, with charges of unlawful possession of a firearm and being a member of a secret cult.