Dollar shortage: Zimbabwe runs out of passports, number plates
Zimbabwe has run out of passports and vehicle registration number plates, forcing citizens to wait for long periods to get them, fueling another sign of a desperate shortage of U.S. dollars in the southern African nation.
Dollar gains after Fed pushes back on big rate cut bets
The dollar rose on Wednesday as expectations dwindled for aggressive cuts in U.S. interest rates after comments by Federal Reserve officials.
Dollar struggles after biggest weekly drop in four months; G20 eyed
The dollar was on the back foot on Monday after sustaining its biggest weekly drop in four months last week as traders remained cautious about the prospects of trade talks between the United States and China at this week’s G20 summit.
Dollar heads toward three-month low before Fed meeting
The dollar weakened against its rivals on Tuesday, heading back toward a recent three-month low before a U.S. Central Bank meeting gets underway with expectations growing the Fed will signal its first rate cut in a decade.
Seek ye first restructuring and all other problems will evaporate
The old adage is that “nothing is small or big otherwise by comparison”. Indeed, time it was when: Our Naira was stronger than the Dollar. At some point in the past it was 95k (less than N1) to $1, but now it is N365 to $1. Begging was an abomination, but now it is the…
Pound rises versus dollar on May's Brexit gamble
The British pound rose against the dollar Wednesday after Prime Minister Theresa May offered cross-party talks with the leader of the opposition Labour Party, Jeremy Corbyn, in a political gamble aimed at resolving the Brexit impasse.
Naira gains against dollar at investors window
The Naira on Friday gained against the dollar at the investors window, exchanging at N360.18 to the dollar.
‘Our goal is to increase revenues to meet obligations, address poverty gaps’
Amid criticisms of slow budgetary implementation, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, told select senior editors in Lagos that due to the long term nature of some infrastructure development, significant impact will be felt once the projects are completed. He also used the forum to speak on the benefits of…
Dollar drifts in year-end trade as clouds gather
The dollar was broadly steady in thin year-end trading on Monday with the Australian dollar leading gainers as tensions over a trade dispute between the United States and China faded on expectations of progress in trade talks. The Australian dollar gained 0.4 per cent to $0.7063 but on the year is down 10 per cent.…