Dollar Falls, Euro Hovers At Four-Month High As EU Negotiates Rescue Fund
The dollar was broadly lower on Friday as the euro rose to just under a four-month high, with negotiations underway…
Day: July 19, 2020
US Opens Borders For Students, Academics And Businesspersons From Schengen Area, Ireland & UK
In an unprecedented move, the United States has decided to open the borders for certain business travellers, investors, treaty traders,…
The End Of The Arab World’s Oil Age Is Nigh
Their budgets don’t add up anymore. Algeria needs the price of Brent crude, an international benchmark for oil, to rise to…
Nigeria:Third Mainland Bridge Alternative Routes Ready, Says LASG
The Lagos State Government has announced that rehabilitation of alternative routes to be used during the closure of the Third…
Portugal Fines Airlines And Passengers Arriving Without Negative COVID-19 Test Results
Portugal’s government is fining anyone arriving in the country from the United States, non- European Union/non-Schengen zone countries who don’t…
Multi-Nationals Finally Recognise Value Of Local Currency Funding
Multi-National organisations, which have long relied on the US-dollar or euro-based funding when doing business in Africa, are increasingly adding…
Stolen Kuwaiti Money in Beverly Hills ‘Mountain,’ U.S. Says
U.S. prosecutors said money misappropriated from the Kuwaiti Ministry of Defense was used to invest in a Beverly Hills, California,…
Cautious Optimism On Crucial EU Summit Lifts Euro
The euro was heading for four-month highs on hopes a European Union summit will make progress on a recovery fund…
Zimbabwe Accuses ECONET Wireless Of Money Laundering
Zimbabwean police have accused the country’s largest telecom operator ECONET Wireless of money laundering. They have thus issued a warrant…
EXPLAINER: How The Policy On Settling Loan Defaults With Funds In Other Banks Will Work
The Central Bank of Nigeria (CBN), on Monday, released a policy that would allow banks to settle loan defaults with…