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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 pound fell Friday after Britain’s parliament again rejected a proposed deal to withdraw from the European Union.
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.
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.
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 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.
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 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 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.
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.
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.
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.
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.
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.
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.
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.”
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
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.
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.
The purported leakage of an audio of the Governor of Central Bank of Nigeria (CBN), Dr Godwin Emefiele, discussing an alleged missing N500bn has been condemned by the Coalition of Civil Society Groups (CCSG), as an act done in bad faith and an attempt to blackmail the CBN governor.
A 100 level political science/public administration student of the University of Uyo, Kingsley Etim, has drowned in a hotel swimming pool.
Diego Simeone has said he is confident that Atletico Madrid will survive the loss of departing forward Antoine Griezmann.
The Chairman of Independent Corrupt Practices and other Related Offences Commission (ICPC), Prof. Bolaji Owasanoyeh, has said that vote-buying is so rampant and widespread in the country that it is difficult to arrest and prosecute offenders.
The Akwa Ibom State Governor, Udom Emmanuel, has relieved the Commissioner for Agriculture and Food Sufficiency, Dr Uduak Udo-Inyang, of his duties.