Dollar Dips As Risk Sentiment Proves Elusive
The dollar dipped slightly on Wednesday as investors weighed hopes for a swift economic recovery against fears…
Nigeria’s Naira Eases Sharply On Official Market After Pressure To Unify FX…
Nigeria’s naira eased 5.5% on the official market on Tuesday, after the central bank sold dollars to lenders at a…
Nigeria: Speculators Remain In State Of Flux
The naira depreciated against the dollar at the Investors and Exporters (I&E) window on Monday, closing at…
Nigerians Drag China To Court, Seek U.S.$200 Billion Compensation Over COVID-19…
Abuja — Twenty-five Nigerians from all walks of life have dragged the Peoples Republic of China before the Federal…
Vetiva Predicts Stability For Nigeria’s Naira In Near Term
Analysts at Vetiva Research have predicted that despite the downside risks affecting the exchange rate, various…
Germany Eyes Breakthrough In EU Migration Dispute This Year
Germany said on Tuesday it wants European Union nations to overcome a deadlock on how to handle refugees and…
U.S. To Expel International Students If…
International students who are pursuing degrees in the United States will have to leave the country or risk…
Nigeria: Meals Will No Longer Be Served On Local Flights
The Minister of Aviation, Hadi Sirika, has said that food will no longer be served on domestic flights when…
Traders Stay Away From Forex Market Over Naira Devaluation
As the Central Bank of Nigeria rejigs the forex market as a prelude to rate unification and further devaluation of…
CBN Debits Banks N122bn, Moves To Unify Exchange Rates
The Central Bank of Nigeria debited N122bn ($338m) from banks’ excess cash with the apex bank before weakening the…
UK House Prices Fall For Longest Period Since 2010 – Halifax
British house prices fell for a fourth month in a row in June as COVID-19 continued to depress the market, the…
Risk-On Move Dents Dollar; Yuan Notches Best Day Since December
The yuan on Monday recorded its best day against the dollar since December as investors lapped up risky assets on…
Nigeria: CBN Bows To Pressure, Devalues Naira Again
• ‘Timing coincidental, nothing to do with IMF, World Bank’
• Economists advocate currency, lifestyle audit
•…
Dollar Regains Footing As Investors Eye Lockdown Risks
The dollar found some traction on Tuesday, as risks from rising coronavirus cases offset strong economic data and…
Nigeria: Buhari Bars VIPs’ Aides From Airport Terminals
The President, Major General Muhammadu Buhari (retd.), has given an approval to the Federal Ministry of Aviation to…
We May Propose Fresh Lockdown After Two Weeks, Says Task Force
The Presidential Task Force on COVID-19 on Monday lamented the increasing rate of COVID-19 cases among people in…
Nigeria: FG Constitutes COVID-19 Protocols Enforcement Team
The Federal Government on Monday said it had positioned enforcement teams within and outside airport terminals to…
Sterling Near Three-Week Highs Before Government Releases Spending Plans
Sterling held near a three-week high against the dollar and gained against the euro on Tuesday as investors waited…
Nigeria’s Inflation’ll Average 12.2% In 2020, Says PwC
PwC Nigeria has said the headline inflation in Nigeria will average 12.2 per cent in 2020, compared to 11.4 per…
Nigeria: EFCC Chair Magu Detained
FOR hours on Monday, Acting Chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu testified…
Nigeria: ‘There’s No Free Dollar In Edo’ – PDP Taunts Ganduje
The Peoples Democratic Party (PDP) has taunted Abdullahi Ganduje, governor of Kano state, over the jibe he threw at…
Border Closure: 3m Jobs Lost As Tough Times Hit Communities
Barely 10 months after closing Nigeria’s land borders over alleged security breaches and abuse of international…
Nigeria: Buhari Must Ask Magu To Step Aside Now For Investigation
The Peoples Democratic Party (PDP) has asked the President Muhammadu Buhari-led administration to show the…
Canada’s PM Trudeau rules out Washington meeting with Trump
Canadian Prime Minister Justin Trudeau will not visit Washington with Mexico’s president this week to celebrate a…
China Imposes Checks On Large Transactions After Bank Runs
China imposed a program to keep large transactions in check amid heightened concerns over the state of its…
Back To Work? Not Without A Check-In App, Immunity Passport
To go anywhere in Singapore these days, Joni Sng needs mobile phone apps and other technologies: a QR code to enter…
Oil Mixed On Tighter Supply, Surge In U.S. Virus Cases
Oil prices were mixed on Monday, with Brent crude edging higher, supported by tighter supplies and positive…
Analysts Predict Outlook For Naira As Forex Unification Plans Gain Momentum
The exchange rate between the naira and dollar may move in the positive for Nigeria’s local currency, according to…
Coronavirus: How ‘Immunity Passports’ Could Create An Antibody Elite
Governments around the world are testing citizens for coronavirus antibodies, to work out whether people have had…
Oil Producers Will Fight For Market Share As Consumption Growth Slows: Kemp
Petroleum consumption growth has been slowing for decades and the industry shows increasing signs of maturity,…