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An employee shows US dollar banknotes at a foreign currency brokerage office in Khartoum on October 7, 2018. - Sudan slashed the official value of its currency against the US dollar by more than half on October 7, the third devaluation this year in the face of a mounting economic crisis. (Photo by ASHRAF SHAZLY / AFP)

Nigeria’s central bank rolls out new forex regulation

As the battle to save the Naira from a free fall ensues, the Central Bank of Nigeria (CBN) has resumed a weekly rate regulation, with independent money transfer operations ordered to sale at N376/$1 to banks while end-users will get the US Dollar at N380.
Petrol prices in France have dropped again this week, with an official price of €1.4028 per litre of diesel, as crude oil supplies continue to be affected by uncertainty over the new coronavirus epidemic.

Coronavirus: Fuel prices drop in France

Petrol prices in France have dropped again this week, with an official price of €1.4028 per litre of diesel, as crude oil supplies continue to be affected by uncertainty over the new coronavirus epidemic.
Zimbabwe Dollar

Zimbabwe to introduce new currency in November – official

The Reserve Bank of Zimbabwe is to introduce a new currency in November, a member of the bank’s Monetary Policy Committee, said on Thursday.
China's Yuan

China’s yuan sinks to weakest in 11 years amid trade tension

China’s currency slid on Monday to its weakest point in more than 11 years as concerns over the US trade war and the potential for global recession weighed on markets.
Pictures emerging on social media show some of the chaos in Bulawayo as protesters took to the streets. Police appeared to be overwhelmed. 'The people are angry. We are going back to the station because they outnumber us,' a police officer told journalists.

Zimbabwe police fire tear gas as crackdown tightens

Zimbabwe police fired tear gas to disperse protesters in the second city of Bulawayo on Tuesday, a day after the country was rocked by violent demonstrations against a sharp hike in fuel prices.
Atiku Abubakar

Atiku Abubakar asks Muhammadu Buhari to resign over comment on economy

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), on Sunday, asked President Muhammadu Buhari to resign over his Friday’s comment that Nigeria’s economy was in a bad shape.
A man walks past a stock indicator board of the Tokyo Stock Exchange in Tokyo on December 3, 2018. (Photo by Martin BUREAU - AFP)

Tokyo stocks climb on US-China G20 trade truce

Tokyo shares closed higher Monday, as investors breathed a sigh of relief after the US and China agreed to suspend new tariffs in their escalating trade war.

2019: Between Ease of Doing Business and Ease of Doing Fraud

A document in circulation, from the resolutions of a retreat in a foreign country by one of the parties makes no pretences about their plan to cause tension between various communities. They have dramatically begun actions to destroy the integrity of the election process.

Businessman dies in kidnappers’ den

Mr Sanni Aliu, an Ankpa-based businessman kidnapped few days ago has died in the custody of his abductors, police said in Lokoja on Tuesday.

US shuts down consulate in Iraq’s Basra citing Iranian ‘threats’

The United States has announced it is closing its consulate in the Iraqi city of Basra and evacuating its diplomats from there after increasing threats and rocket fire from Iran and Iran-backed fighters.

Venezuela set to tackle ridiculous petrol price where one US dollar buys 3.5 million...

In Venezuela’s inflation-hit economy, a single US dollar, worth 3.5 million bolivar buys 3.5 million litres of petrol, that is more than 10 fuel tankers in Nigeria.

Central bank issues guidelines on Naira-Renminbi swap deal

The Central Bank of Nigeria (CBN) on Thursday released guidelines for the bilateral Currency Swap agreement between Nigeria and China.

NNPC unveils records, rakes in $239m from oil

The Nigerian National Petroleum Corporation (NNPC) posted $239.10 million from the export of crude oil and gas in November, 2017.

Liberian economy struggles as election crisis drags on

Businesses in Liberia’s dual-currency economy are feeling the pinch as customers stay home and the exchange rate keeps climbing in the absence of a resolution to the country’s disputed presidential election.

Bitcoin will end a bubble – experts

Several international bankers have sounded a warning about the mega risks involved in embracing bitcoin, which this week soared to a new record high of more than $8,000. Six years ago, it traded for just one dollar.

Japan trade surplus drops 40% in October

Japan's October trade surplus shrank 40.7 percent from a year earlier as growth in exports were eclipsed by higher costs of importing crude oil and petroleum products, the government said Monday.

China raises yuan rate to 16-month high as dollar sags

China raised the exchange rate for the yuan against the US dollar for the 10th consecutive session Friday, pushing the unit to its highest level in 16 months.

US economy adds 209,000 jobs in one month

Those hoping that the US dollar would be thrown a lifeline may be in luck, following the news that the United States added another 209,000 jobs to its economy in July.

Recent Stories

Medical council validates four coronavirus test kits – registrar

The Medical Laboratory Science Council of Nigeria (MLSCN) says it has validated four Rapid Test Kits to determine their suitability for testing SAR-COV-2 infection popularly known as COVID-19 in the country.
Legendary reggae artiste, Majekodunmi Fasheke, aka Majek Fashek is dead. The artiste died in a New York hospital after a protracted illness on Monday about 5-45pm. He was aged 71.

Nigerian celebrities mourn deceased Majek Fashek

Nigerian celebrities have taken to their social media platforms to mourn the death of Music Legend, Majekodunmi Fasheke, a.k.a Majek Fashek.
Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.

Rwanda set to announce new coronavirus restrictions

Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.
Nigerian President Muhammadu Buhari3

Nigeria declares telecoms facilities critical national Infrastructure

In response to the yearnings of industry stakeholders to declare telecom facilities Critical National Infrastructure, President Muhammadu Buhari, has finally approved and also directed that necessary physical protective measures be put in place to safeguard telecommunications infrastructure deployed across the country.
President Muhammadu Buhari has again, addressed Nigerians on the efforts of its government to contain the coronavirus pandemic (covid-19) that is ravaging the country 4

ASCAB: President Buhari’s speech underestimate Sani Abacha’s $5 billion loot

Alliance for Surviv­ing COVID-19 and Beyond, (ASCAB), a group led by prominent Nigerian human rights lawyer, Femi Falana has said that President Mu­hammadu Buhari’s claim that late dictator, Sani Abacha, stole $1 billion con­tradicts the figures earlier released by his own officials.