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.
Dollar slips as trade progress boosts risk assets; kiwi soars
The dollar edged lower versus its peers on Wednesday, as rising hopes of a breakthrough in U.S.-China trade talks led investors to put money into the euro and Asian currencies.
‘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.…
Dollar up for a third day as yields rise, pound falls
The dollar rose for a third consecutive day on Wednesday as U.S. Treasury yields rose before a Federal Reserve meeting where it is widely expected to raise interest rates for the fourth time this year.
Dollar weakens as cautious Fed leads to rate-hike rethink
The dollar weakened against other major currencies on Thursday as markets took Federal Reserve Chairman Jerome Powell’s comment that U.S. interest rates were just below neutral as a signal that a three-year rate-hiking cycle is nearing an end.
Dollar bulls wary after biggest weekly drop in 2 months
The dollar steadied on Monday after posting its biggest weekly drop in two months last week as investors grew cautious about the near-term outlook for the greenback after dovish comments by U.S. policymakers.
Pound plunges as UK ministers quit over Brexit deal
The pound plunged against the dollar and euro Thursday after ministers, including Britain's Brexit secretary Dominic Raab, quit in protest against a draft deal to exit the EU.
Dollar rally moves to Asia after US data but stocks tumble
The dollar continued to brush aside other currencies Thursday after further proof of the booming US economy sent Treasury yields surging, but Asian equities sank with more Federal Reserve rate hikes looking certain.
What is Nigeria celebrating at 58?
Today, as always, at this time of the year, Nigerians from every tribe and tongue, join their compatriots scattered all over the world to mark the anniversary of Nigeria’s independence from colonial Britain in 1960. And as it is usual for many Nigerians, it is a day of pomp and celebration from official quarters; one…
Sri Lanka restricts car imports as currency crashes
Sri Lanka announced a raft of restrictions Saturday in a bid to slow down imports of cars and luxury goods as the country faces a foreign exchange shortage. The finance ministry banned the import of vehicles for all state institutions for one year and said public servants will not be allowed to import cars at…