Tuesday, April 23, 2019

Tag "uk"

    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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    FG to repatriate stolen £300m from Jersey

FG to repatriate stolen £300m from Jersey

Geoffrey Onyeama, minister of foreign affairs, says the federal government is in the process of repatriating stolen  £300 million pounds from Jersey.Jersey is the largest of the Channel Islands located between England and France. It is an English-speaking territory with a mix of British and French cultures.Speaking at a news conference organised as part of activities to mark the one [...]

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    I found a lot of money on Dariye when I arrested him in a UK hotel, says detective

I found a lot of money on Dariye when I arrested him in a UK hotel, says detective

Peter Clark, a retired detective constable with the UK Metropolitan Police, on Monday, told a federal capital territory (FCT), high court, sitting in Gudu, Abuja, that Joshua Dariye, a former governor of Plateau state, was still wanted in the United Kingdom for money laundering charges.Dariye, who is being prosecuted by the Economic and Financial Crimes Commission (EFCC) on a 23-count [...]

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    Adele named UK’s richest female artiste ever

Adele named UK’s richest female artiste ever

Rave-making British artiste, Adele, has been named the richest female musician in the United Kingdom (UK).With her fortune hitting £85 million, the musician placed 30 in Sunday Times’ list of the top 50 music millionaires in the UK and Ireland.The only female singer with a bigger fortune on the list is Irishwoman Enya at £91 million.The solo artist, who has [...]

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    IMF slashes global growth but markets rally

IMF slashes global growth but markets rally

The financial markets were noticeably unfazed during trading on Tuesday despite the International Monetary Fund’s (IMF) gloomy warnings of diminishing global growth which should have dented investor sentiment and soured risk appetite.In the latest world economic outlook, global growth for 2016 was slashed again to 3.2% with stubbornly low commodity prices and China concerns incessantly exposing major nations to downside [...]

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    This virus ‘kidnaps’ your PC and asks you to pay

This virus ‘kidnaps’ your PC and asks you to pay

As if the rate of physical kidnap and abductions were not enough, Ransomware, a new computer malware (virus), does a virtual kidnapping of personal computer and then asks you to pay.This virus, which is on the rise, does not necessarily slow your computer or corrupt your files. Instead, it installs pornography on your computer or encrypts all your files so that you [...]

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    We have no intention of holding Nigerian loot, says UK

We have no intention of holding Nigerian loot, says UK

The United Kingdom is ready to repatriate looted Nigerian funds in UK banks, Paul Arkwright, the British high commissioner to Nigeria, has said.Arkwright told NAN in Abuja that the UK government had no intention of holding onto the money.According to him, there are certain legal requirements that Nigeria had not met to facilitate the repatriation of the funds.“We (UK) have [...]

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    I have no cash, nowhere to sleep and know no-one around here, laments UK deportee

I have no cash, nowhere to sleep and know no-one around here, laments UK deportee

Alfred Efosa, one of the persons deported to Nigeria from the United Kingdom on Tuesday, says he has no where to spend the night."I am tired of talking, I need cash. Please! Please! I don't want to say anything again. I am tired of talking. I need money for hotel; I don't have anywhere to sleep tonight," he told TheCable at [...]

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    UK jails Nigerian fugitive, Kekere-Ekun, for life

UK jails Nigerian fugitive, Kekere-Ekun, for life

A Nigerian fugitive, Abdul Adewale Kekere-Ekun, has been sentenced to life imprisonment in the United Kingdom for the murder of 18-year-old Marcus Hall in 2001, following a brawl outside Luton’s Atmosphere Nightclub, where the popular music group, So Solid Crew, had performed.Though 39-year-old Kekere-Ekun, who goes by several aliases such as Adebayo Dalvin James Ekun, Adeba Yo Kekere-Ekun, Adeba Yo [...]

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    UK ‘extremely concerned’ by modern slavery in Nigeria

UK ‘extremely concerned’ by modern slavery in Nigeria

Kevin Hyland, the first independent anti-slavery commissioner of the United Kingdom (UK), has expressed deep concern over modern slavery and human trafficking of Nigerians to the UK.The latest figures from the National Crime Agency in the UK shows that more than 2,000 potential trafficking victims were referred to the authorities in 2014, with 244 (12.2%) of the 2,000 from Nigeria.The [...]

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    IT glitches in East London, Dorset, but UK polls proceed

IT glitches in East London, Dorset, but UK polls proceed

Voters across the United Kingdom are currently deciding the composition of the next government of the country, but there have been a few cases of voter disenfranchisement.After six weeks of electioneering, polling stations opened at 7am and close at 10pm in the UK’s 650 constituencies.Results from the first constituencies are expected before midnight and the final result is due on Friday [...]

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Exchange Rates

April 22, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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