Millions of dollars, Euros and other currencies have reportedly been found at the residence of former President Omar al-Bashir of Sudan. Recall that Al-Bashir was toppled in a military coup which took place on April 11. He was initially placed under house arrest before being transferred to Kobar prison, where he detained some of his […]
Continue Reading
Data obtained from the Central Bank of Nigeria showed on Wednesday, showed that Nigeria’s foreign reserves hit $43.2bn on March 6, 2018. The foreign exchange reserves had recorded a four-year high at $42.76bn on March 2, after commencing this year at $38.77bn. The foreign reserves have gained about $3.99bn or 10.3 per cent this year. […]
Continue Reading
The Central Bank of Nigeria (CBN) has provided fresh $210 million to meet customers’ requests in various segments of the foreign exchange market. The Bank’s Acting Director, Corporate Communications Department, Isaac Okorafor, in a statement on Monday in Abuja, said that $100 million was offered to authorised dealers in the wholesale segment of the market. […]
Continue Reading
The dollar slid broadly on Monday after U.S. President Donald Trump struck a protectionist tone in his inauguration speech, prompting developed and emerging market currencies to gain. The drops and gains were due to the Trump administration’s intention, on its first day in office, to withdraw from the Trans-Pacific Partnership, TPP. In his inaugural address, […]
Continue ReadingThe richest man in Africa, Aliko Dangote has proffered ways through which Nigeria can get out of recession before the end of 2016. Dangote, revealed details in an interview with CNBC Africa, saying: “The only way for us to get out of this recession is to make sure we move into action quickly; action by […]
Continue Reading