Friday, January 18, 2019

Tag "uk"

    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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    Ibori:  I tried to keep my return a secret, but failed

Ibori: I tried to keep my return a secret, but failed

James Ibori, former governor of Delta state, on Monday said he tried to keep his return trip to the country a secret.A tumultuous crowd welcomed Ibori back to his hometown on Saturday.He returned after completing his jail term in the UK.Speaking through Tony Eluemunor, his media assistant, Ibori denied the reports that he was deported, saying no document exists "anywhere in the [...]

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    PHOTOS: 41 UK deportees arrive Lagos

PHOTOS: 41 UK deportees arrive Lagos

Forty-one Nigerians, comprising 33 males and eight females, arrived at the Murtala Muhammed International Airport in Lagos on Wednesday morning.They landed at the cargo terminal of the airport.Muhammad Sidi, director general of the National Emergency Management Agency (NEMA), said the deportees were sent away from England for committing various immigration offences.“From the manifest with me, 41 Nigerians are on board and [...]

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    Denied entry into US, Nigerian delivered of quadruplets in UK — but can’t afford £500,000 bill

Denied entry into US, Nigerian delivered of quadruplets in UK — but can’t afford £500,000 bill

A Nigerian woman who wasn't allowed into the United States is indebted to the United Kingdom's national health services for more than £500,000 following her delivery of quadruplets.The woman identified only as Priscilla said she intended to give birth in Chicago after her doctor said Nigerian hospitals do not have the “facilities to cater for the children.”The US denied Priscilla entry [...]

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    I’ll return to Nigeria ‘in a matter of days’, says Ibori

I’ll return to Nigeria ‘in a matter of days’, says Ibori

James Ibori, former Delta state governor, who was released from a UK prison in December 2016, says he will return to Nigeria “in a matter of days”.A UK court convicted Ibori of fraud in 2012, and he was in prison until December.In a statement issued on Tuesday, Tony Eluemunor, Ibori’s media assistant, said: “The British government had attempted to withdraw [...]

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    Kyari has never allowed govt foot his medical bills, says Garba Shehu

Kyari has never allowed govt foot his medical bills, says Garba Shehu

Garba Shehu, presidential spokesman, says  Abba Kyari, chief of staff to the president, did not use the funds of the Nigeria high commission in London to pay his medical bills during his recent visit for emergency medical treatment. Shehu said the allegations contained in a report published by an online news medium, were “totally incorrect, misleading and a fabrication”.“The Nigeria High Commission in [...]

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Ibori does not have to report to the police ‘at all’, says aide

Tony Eluemunor, media aide of James Ibori, says the ex-governor is not under house arrest in the United Kingdom (UK), and does not have to report to the police.Ibori was released on Wednesday after serving a jail sentence in London.However, a few hours after his release some reports said the former governor of Delta state was put under house arrest.But [...]

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    From Dec 5, UK high commission will no longer withhold your original documents

From Dec 5, UK high commission will no longer withhold your original documents

The UK high commission in Nigeria has adopted a new visa application process, the British High Commission disclosed on Friday.Joe Abuku, spokesman of the high commission, described the new process as a slight change in which visa staff now only need electronic versions of support documents.The new process, which takes effect from December 5 for customers applying for a UK [...]

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    Sterling shivers ahead of UK Q3 GDP

Sterling shivers ahead of UK Q3 GDP

The ongoing Brexit saga has exposed Sterling to prolonged periods of pain this year with uncertainty effectively damaging buying sentiment towards the currency.It has become quite clear that Brexit fears have left a painful scar on the Pound, with weakness becoming the new norm as anxiety repels investor attraction. Much attention may be directed towards the latest third quarter [...]

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    Is Trump’s rally over?

Is Trump’s rally over?

The financial markets’ reaction to Trump’s victory seems to be abating early Tuesday with the dollar index retreating for the first time in six days after approaching its highest levels in nearly 13-years. Global bonds sell-off also took a break after wiping out almost $1.5 trillion from its value. More interestingly, yields on Japan’s 10-year JGB’s rose above zero for the [...]

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Exchange Rates

January 16, 2019USDGBPEUR
INTERBANK306397354
LAGOS362463411
KANO361465413
PH361462412
ABUJA362462413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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