Thursday, January 17, 2019

Tag "uk"

    UK pushes Nigeria’s foreign investment to 16-month high

UK pushes Nigeria’s foreign investment to 16-month high

Investments from the United Kingdom (UK) have pushed Nigeria's foreign investment to $1.82 billion – it's highest level in 16 months.According to the National Bureau of Statistics (NBS) capital importation report, the total value of capital imported into Nigeria in the third quarter of 2016 was estimated to be $1.822 billion, which represents an increase of 74.84 percent relative to the second [...]

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    UK will launch departure from EU next year, says May

UK will launch departure from EU next year, says May

Theresa May, United Kingdom prime minister, says Britain will commence the formal process of leaving the European Union (EU) in the first quarter of next year.According to the BBC, May said this on Sunday, explaining that the country would be free to make its own decisions without depending on the EU for approvals.She said the British government would trigger article [...]

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    UK to work with Nigeria on affordable, quality education

UK to work with Nigeria on affordable, quality education

Insight Africa UK with British Department for International Trade will discuss the current state of education in Nigeria and work towards forging a mutually beneficial relationship with UK universities.Wale Adebanjo, communication manager, British deputy high commission, made the plan known in a statement issued in Abuja on Tuesday.Adebanjo said the discussions would be held at the launch of  Insight Africa [...]

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    Black Lives Matters protesters shut runway of London City Airport

Black Lives Matters protesters shut runway of London City Airport

All flights at London City Airport were disrupted after protesters from The Black Lives Matter UK movement gained access to the runway.According to the BBC, The Metropolitan Police said it was called to the site after nine protesters erected a tripod and "locked themselves together" on the runway.All nine were removed and arrested. The airport said inbound flights were diverted.The [...]

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    UK DFID offers medical fellowship to midcareer doctors

UK DFID offers medical fellowship to midcareer doctors

The UK Department for International Development (DFID) has announced a medical fellowship for doctors in developing countries.Midcareer staff who qualified to become doctors between October 1, 2007 and September 30, 2010, can apply for a Commonwealth fellowship to spend a learning period of three to six months at a UK university hospital.The fellowship will commence on October 1, 2017 and [...]

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    GOOD NEWS: You can now process your UK visa within 24 hours

GOOD NEWS: You can now process your UK visa within 24 hours

The United Kingdom has launched super priority visa service in Nigeria to allow customers to process their applications within 24 hours.In a statement posted on its website, the British high commission said the new service was brought up to particularly meet the needs of those requiring urgent traveling service.The statement said Paul Arkwright, British high commissioner to Nigeria, hailed the [...]

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    How Nigerian trafficker was arrested 3 years after fleeing Europe

How Nigerian trafficker was arrested 3 years after fleeing Europe

Franca Asemota, a Nigerian, has been found guilty of trafficking Nigerian girls for sex work, and sentenced to 22 years in jail in the United Kingdom.Asemota was identified as a trafficking suspect in 2012 and fled from Italy to Nigeria when some of her co-conspirators were arrested by Immigration Enforcement investigators.She was arrested by the Economic and Financial Crimes Commission [...]

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    Ibori’s lawyer awarded £20,000 for unlawful detention

Ibori’s lawyer awarded £20,000 for unlawful detention

Bhadresh Gohil, a lawyer convicted of money laundering and linked to James Ibori, a former governor of Delta state, has received £20,000 from the crown prosecution service after claims that he was deprived of his rights.According to BBC, Gohil had served half his sentence for fraud and money laundering but Sasha Wass, the prosecution lawyer, applied for the bail to be [...]

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    2 Nigerians named among 10 wanted fraudsters in the UK

2 Nigerians named among 10 wanted fraudsters in the UK

Two Nigerians are among 10 wanted fraudsters in the United Kingdom, according to a list published on Tuesday by City of London Police and the National Crime Agency.The 10 wanted fraudsters were linked to over £20 million worth of fraudulent acts in the UK and abroad.Forty-one-year-old Bayo Lawrence Anoworin is wanted by Lincolnshire Police in connection with fraud offences and money laundering.Anoworin [...]

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    Coast clear for Theresa May to become UK prime minister as Leadsom quits

Coast clear for Theresa May to become UK prime minister as Leadsom quits

Theresa May is set to become the prime minister of the UK, following the decision of Andrea Leadsom, May’s only contender, to pull out of the contest to become Conservative Party leader.May battled four other contenders to the Tory leadership race and was left with Leadsom as the only barrier between her and the leadership of the party and consequently [...]

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    I won’t resign, says Corbyn, UK opposition leader

I won’t resign, says Corbyn, UK opposition leader

Jeremy Corbyn, Britain's opposition Labour Party leader, on Tuesday said he would not resign after members of parliament (MPs) in his party overwhelmingly passed a motion of no confidence in his leadership.A total of 172 Labour member of parliaments voted to support a motion of no confidence in Corbyn.He had insisted that he was a democratically elected leader of Labour [...]

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    S&P downgrades UK after Brexit

S&P downgrades UK after Brexit

Standard & Poor’s (S&P) has downgraded the UK credit rating from the enviable ‘AAA’ to ‘AA’, following the uncertain effects of Brexit on the country’s economy.On Friday, Moody's cut the country's credit rating outlook to negative.In March, Standard & Poor’s (S&P) revised Nigeria’s sovereign credit outlook to negative, from the stable outlook it initially had, pulling the country’s rating to B+, [...]

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    How Brexit could hurt Nigerian footballers

How Brexit could hurt Nigerian footballers

The decision of the UK to leave the European Union has far reaching effects on the global economy, but who would believe that it also has its effects on the conduct of the round leather game in Africa's most populous nation -- Nigeria?Perhaps we never saw this coming, but the realities of Brexit will definitely change the face of football [...]

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    Stronger naira, cheaper master’s degrees, Trump… 7 possible consequences of Brexit

Stronger naira, cheaper master’s degrees, Trump… 7 possible consequences of Brexit

Against the grain, the UK  voted to leave the European Union on June 23, 2016, and saw the crash of the British pound to 31-year low, and spiralling frenzy in global markets.Pundits who put their money on the UK staying in the EU were utterly disappointed by the outcome of the referendum, which is said to be the biggest betting [...]

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    Pound falls to 31-year low as UK divorces EU

Pound falls to 31-year low as UK divorces EU

The British pound fell to a 31-year low on Friday, its lowest since 1985, as the United Kingdom (UK) voted to leave the European Union (EU).With 85.3 percent of all results in, the UK has voted to leave EU: 51.6 percent, representing 14,159,480 votes are for leaving the EU, while 48.4 percent, which represents 13,268,066, voted to stay.This is coming against the [...]

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    Nigeria is world’s 3rd most expensive country to produce oil

Nigeria is world’s 3rd most expensive country to produce oil

With a cost of production of $28.99, Nigeria is now the third most expensive country to produce oil in the world.Nigeria stands behind UK and Brazil, who produce a barrel of oil at $44.33 and $34.99 respectively.According to Wall Street Journal’s survey of 12 notable oil producers, production in Nigeria is more expensive than it is in the US, despite [...]

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Exchange Rates

January 15, 2019USDGBPEUR
INTERBANK306397354
LAGOS361463411
KANO360465413
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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