Chinese Yuan strengthens to 6.6607 against dollar Tuesday
The central parity rate of the Chinese currency the Yuan, strengthened 441 pips to 6.6607 against the U.S. dollar Tuesday. This is according to the […]
Dollar
BDC suspension worsens dollar scarcity, parallel market premium, says ABCON
By Fabian Ekeruche The Association of Bureaux De Change Operators of Nigeria (ABCON) says the widening gap between the official and parallel market exchange rates […]
Nigerian shares steady as dollar sinks – Analyst
Nigerian shares have hovered around 2021 highs, gaining over 4.4 per cent year-to-date, in spite of the December U.S. inflation report reinforcing Federal Reserve rate […]
ICC prosecutor seeks investigation into abduction of Nigerian schoolchildren
The prosecutor of the International Criminal Court (ICC) is set to seek authorisation from the Pre-Trial Chamber of the court to open an investigation into […]
Chinese yuan weakens to 6.4032 against USD Friday
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 142 pips to 6.4032 against the U.S. Dollar (USD) on Friday, according […]
Indonesia, China begin feasibility study on $560m coal-to-methanol plant
Indonesia and China have signed a memorandum of understanding (MoU) to conduct a feasibility study of a 560 million U.S. dollar coal-to-methanol plant. Indonesia’s Industry […]
ABB to launch new factory to realise “Using robots to make robots” in Shanghai
Swiss tech giant ABB would realise “robots making robots” in Shanghai, announced the company at the 33rd meeting of the International Business Leaders’ Advisory Council […]
Bayelsa bemoans loss of OML 46 to ex-partners
The Management of Bayelsa Oil Company Limited has said that the loss of its operating license in the last marginal oilfields licensing rounds was due […]
Spices company commends SEC on regulation to sanitise funding investments
An “agropreneur’’, Mr Kenneth Obiajulu, on Friday in Lagos commended the Securities and Exchange Commission (SEC) for regulating fund investments in the agriculture sector. He […]
Hurricane Ida: Biden approves New York, New Jersey Emergency Declaration
U.S. President Joe Biden has approved emergency declarations in the states of New York and New Jersey, paving way for the states to receive much-needed […]
Court remands 2 men for alleged possession of firearms, robbery
A Lagos Magistrates’ Court sitting at Tinubu, on Tuesday remanded two men, Olamilekan Sulieman and Tajudeen Sanusi, for alleged possession of firearms. The defendants, Sulieman, […]
48.5bn dollars spent on international transfers from 2011 to 2020 — FIFA
A total of 48.5 billion dollars (about N19.98 trillion) in international transfer fees have been paid in the decade until 2020, football’s world governing body […]
Real Madrid close in on Mbappe, secure extension with Casemiro
Kylian Mbappe arrived at the training ground of French clubside Paris Saint-Germain (PSG) on Friday amid the expectation Real Madrid would push to complete his […]
China’s Bond Connect programme continues to thrive in July
China’s Bond Connect programme continued to see robust activity in July, data released by Bond Connect Co. Ltd. showed. The total monthly trading volume under […]
Landlord docked for forcefully evicting tenant
A 53-year-old landlord, Remilekun Omosehin, who forcefully evicted his tenant without a court warrant, on Friday appeared in a Yaba Chief Magistrates’ Court, Lagos. The […]
FMDQ records N15.31trn turnover in June
FMDQ Securities Exchange Ltd. has recorded a turnover of N15.31 trillion in the Fixed Income and Currency (FIC) in the month of June. This was […]
Court orders rtd Air Chief to defend 2 out of 5 money laundering charge
Justice Inyang Ekwo of the Federal High Court Abuja has ordered Air Commodore Umar Mohammed (rtd) to open his defence in two, out of five […]
Gbajabiamila issues 7-day ultimatum to Rep c’ttees to submit investigative reports
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila, has issued a 7-day ultimatum to Committees yet to report back to the house on […]
Customs hands over suspect with foreign currencies concealed in diapers to EFCC
The Kano, Jigawa Command of the Nigeria Customs Service has handed over one Sabo Suleiman to the Economic and Financial Crimes Commission (EFCC) for further […]
China’s weekly farm-produce prices edge down
China’s farm-produce prices fell last week, according to the Ministry of Commerce. From June 14 to June 20, the overall price of farm produce decreased […]
Court orders FG to Bayelsa Govt $951m derivative arrears
The Federal High Court, Abuja, on Monday, ordered the Federal Government to pay 951 million dollars to the Bayelsa Government.The amount is the 13 per […]
Minimum wage: Transfer to concurrent list won’t work – FG
The Federal Government has assured workers that the transfer of the National Minimum Wage from the Executive to Concurrent list would not work. The Minister […]
CBN to sanction DMBs, BDCs for rejecting old, smaller denomination U.S dollars –Director
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DNBs) and Bureau De Change (BDC) operators to, henceforth, accept old and lower denomination […]
The Story Of The Naira-For-Dollar Promo, By Azu Ishiekwene
It would seem harsh to judge the Central Bank of Nigeria (CBN) solely by its intentions, especially in the last four or five years. In […]
We are broke: House of Reps cries out
The House of Representatives says it is broke and cannot afford to carry out its constitutional mandate effectively. Rep. Benjamin Kalu (APC-Abia), spokesman for the […]