Thursday, September 20, 2018

Tag "uk"

    UK inflation accelerates in April, Sterling sinks

UK inflation accelerates in April, Sterling sinks

Sterling tumbled lower on Tuesday following reports of UK consumer prices jumping to 2.7% in April, the highest level since September 2013.It is becoming quite clear that the Brexit-fuelled currency weakness has elevated inflation to uneasy levels with consumers likely to feel the pinch if wage growth fails to keep up. Despite the rising prices, expectations of an interest [...]

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    IMF: Oil, agriculture, big govt spending will drive Nigeria’s growth to 0.8% in 2017

IMF: Oil, agriculture, big govt spending will drive Nigeria’s growth to 0.8% in 2017

The International  Monetary Fund (IMF) says rise in oil prices, continued growth in agriculture, and big government spending will drive Nigeria's economic growth to 0.8 percent in 2017.Maurice Obstfeld, IMF chief economist, who unveiled the fund's World  Economic Outlook in Washington on Wednesday, said global growth will continue with the help of advanced economies and  emerging, low income countries."We project [...]

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    Despite intervention of activists, UK deports 23 Nigerians

Despite intervention of activists, UK deports 23 Nigerians

The United Kingdom has sent away 23 Nigerians despite efforts of some activists to prevent their deportation.A dozen activists broke through security at Stansted Airport in London, and chained themselves together on runway to stop the expulsion of the asylum seekers.According to NAN, the deportees arrived at the Murtala Muhammed International Airport (MMIA), Lagos, around 6am on Friday.The deportees, who [...]

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    Finally, UK triggers article 50 to activate EU divorce

Finally, UK triggers article 50 to activate EU divorce

Theresa May, prime minister of the United Kingdom, has finally triggered article 50, which would activate UK's departure from the European Union (EU).While speaking at the UK parliament after the country's ambassador formally handed over the activation letter to the EU in Brussels, May said it was a "unique opportunity to shape a brighter future" for the UK."The Article 50 [...]

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    What no one will tell you about living abroad

What no one will tell you about living abroad

BY SAMUEL OSHOThe present struggles that characterize the travails of Africa tend to obfuscate the perception of its inhabitants and they build castles in the air about realities that are possible on foreign soils.In a recent chat with one of my friends, he joked about the current state of economic recession in Nigeria. He said that it will take only [...]

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    ISIS claims responsibility for London attack

ISIS claims responsibility for London attack

The Islamic State has claimed responsibility for the attack, which left four people dead and 29 injured in London.According to Amaq News Agency, ISIS official press service, the attacker was a "soldier of the caliphate"."The perpetrator of the attacks yesterday in front of the British parliament in London is an Islamic State soldier and he carried out the operation in [...]

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    Are you ready for some action?

Are you ready for some action?

Do not let the quiet session on Monday and early Tuesday fool you, volatility may be just around the corner.The Federal Reserve is meeting tomorrow, the Dutch are heading to the polls, the UK triggering Article 50 is edging closer, a group of 20 finance ministers and central bankers are meeting on Friday, and a couple of tier one [...]

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    Ibori, Sheriff, Yakubu and Emefiele — the biggest news makers while Buhari was away

Ibori, Sheriff, Yakubu and Emefiele — the biggest news makers while Buhari was away

A lot happened since President Muhammadu Buhari left Nigeria for the United Kingdom on January 19.There is no doubt that the president, who returned to Nigeria after a 50-day vacation in the UK on Friday, has met the country a little more different than he left it. While he was in the UK, there were wildfire rumours that he had [...]

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    After 49 days vacation, Buhari returns Friday

After 49 days vacation, Buhari returns Friday

President Muhammadu Buhari will return to Nigeria on Friday, Femi Adesina, his spokesman, has confirmed.In a brief statement on Thursday, Adesina said Buhari expressed appreciation to all those who have been "praying fervently" for him since January 19 when he went to the UK on a medical vacation."President Muhammadu Buhari is expected to return to the country tomorrow, Friday March [...]

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    Sterling depressed ahead of UK budget

Sterling depressed ahead of UK budget

Sterling bears were unleashed during Wednesday’s trading session, with the GBPUSD sinking to a fresh seven-week low at 1.2150 as investor anxiety heightened ahead of the UK Spring Budget speech.Treasury chief Philip Hammond will be in the limelight today, and is set to provide some insight on the UK government’s financial plans as it embarks on its quest to [...]

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    UK says Jonathan did NOT reject help to rescue Chibok girls

UK says Jonathan did NOT reject help to rescue Chibok girls

It is not true that the Jonathan administration rejected the offer of British armed forces to help in rescuing the abducted Chibok girls, the United Kingdom government has said.On Sunday, The Observer, a UK newspaper, said Britain was ready to rescue the Chibok girls after they conducted air reconnaissance over northern Nigeria for several months in a mission named Operation Turus, [...]

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    QUESTION: What is responsible for the spike in deportation of Nigerians?

QUESTION: What is responsible for the spike in deportation of Nigerians?

Nigerians living abroad seem to have been hit by a wave of deportations.In the past month, about 500 Nigerians were deported from different countries, while at least 800 were repatriated or forced to return to the country.But what is responsible for this? There is no doubt that the harsh economic reality in Nigeria has led to ceaseless emigration. However, while [...]

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    Lai: If Buhari is critically ill, I will give daily bulletin on his health

Lai: If Buhari is critically ill, I will give daily bulletin on his health

Lai Mohammed, minister of information and culture, says President Muhammadu Buhari is neither critically ill nor in a life threatening situation.Speaking at a  town hall meeting in Umuahia, Abia state capital, on Monday, Mohammed said there was no need for Nigerians to worry about the president's health.He said he spoke with Buhari on Saturday afternoon, and he can declare that [...]

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    Buhari needs longer period of rest, says Femi Adesina

Buhari needs longer period of rest, says Femi Adesina

Femi Adesina, presidential spokesman, on Tuesday, said the medical tests of President Muhammadu Buhari showed he needed more time to rest.Buhari, who has been on vacation in the United Kingdom since January 19, was scheduled to return to the country on February 6.But a day before the scheduled time, Adesina announced that the president had extended his stay because he [...]

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    UK probes Ashimolowo’s church

UK probes Ashimolowo’s church

The City of London police are investigating an alleged fraud involving a former premier league footballer who lost £3.9 million from Kingsway International Christian Centre, owned by Matthew Ashimolowo.According to UK Guardian, the footballer lost the money to one of Britain’s richest evangelical churches in a "disastrous investment scheme".The criminal investigation follows a Charity Commission report into “mismanagement” at the church, [...]

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    British govt rejects call to prevent Trump from meeting the Queen

British govt rejects call to prevent Trump from meeting the Queen

The British government on Tuesday rejected a petition which argued that receiving President Donald Trump as a guest would embarrass the Queen.The British foreign office recommended that Trump “should be extended the full courtesy of a state visit’’, but lawmakers are to debate the petition on February 20.The petitioners suggested that Trump should be allowed to enter Britain as the [...]

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Exchange Rates

September 20, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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