Pound

When the Lagos State Court of Appeal granted the Senior Shepherd-in-Charge of the Celestial Church of Christ, Genesis Global, Prophet Israel Oladele Ogundipe, a post-conviction bail last week, on grounds of failing health, quite a number of people, particularly members of his congregation, were very happy with the news. This is because the televangelist’s previous bail applications were all turned down.

At least 87 people are dead and dozens more still missing after flash floods and landslides hit Indonesia and neighbouring East Timor, officials said Monday.

Two sportswear giants are battling it out to sign Manchester United forward Marcus Rashford in what would be a multi-million pound sponsorship deal.

Bitcoin rose above $50,000 for the first time on Tuesday as Wall Street pushed further into record territory on mounting confidence of Covid-19 recovery.

Hundreds of South Sudanese politicians have been kicked out of hotels where they have been staying during the country's peace process, over some $50 million dollars in unpaid bills, a hotel association said late Thursday.

Former Premier League club Wigan have been plunged into fresh turmoil after administrators broke off talks with a Spanish bidder, saying the offer had been reduced by almost 50 percent.

Major UK and EU stocks plummeted on Monday to a nearly three-week low amid the new lockdown measures, prompted by the spread of the new mutated COVID-19.

Former Vice-President, Atiku Abubakar has called on the federal government to adopt proactive measures to tackle the second wave of the dreaded coronavirus before things get out of hand.

Oil prices dived Thursday on demand fears as more nations go into lockdown to staunch the spread of the coronavirus, while stock prices attempted a modest rebound.

Democratic hopeful Joe Biden on Sunday urged lawmakers to wait until after November’s election to tackle a Supreme Court vacancy that President Donald Trump has pledged to fill quickly, as the nomination becomes a new flashpoint in the battle for the White House.

A dollar rebound faltered on Tuesday as political wrangling over a United States relief plan and the gloomy outlook weighed on the currency.

The Naira on Friday weakened marginally against the dollar at both the parallel market in Lagos and the investor’s window.

Asian markets rose Monday, recovering some of the losses at the end of last week, as investors followed a strong performance on Wall Street fuelled by hopes for a coronavirus vaccine, though a spike in infections around the world capped gains.

Former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu, who is facing money laundering charge, on Wednesday, told the Federal High Court in Abuja that $9.7million and £74, 000.00 the Economic and Financial Crimes Commission, EFCC, found in his house in 2017, were part of monies people gave to him as gifts.

US President Donald Trump on Thursday threatened new tariffs against Beijing after claiming there is evidence linking the coronavirus to a lab in China’s ground-zero city of Wuhan.

The British Government is expected to announce another package to protect jobs and help businesses survive the severe economic impact of the coronavirus pandemic.

The British pound fell Tuesday awaiting key Brexit votes on Prime Minister Boris Johnson’s withdrawal agreement bill.

Sterling fell Friday as investors fret over Boris Johnson’s chances of pushing his Brexit deal through parliament, while Asian markets were mostly down after data showed China’s economy expanded at its slowest pace in nearly three decades.

The pound slumped more than one percent versus the dollar and euro Wednesday as Britain’s government moved to extend the suspension of parliament, increasing the likelihood of a no-deal Brexit.

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.

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.

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