Wednesday, August 23, 2017

Tag "us"

    NCC: Nigeria ranks third in global internet crimes

NCC: Nigeria ranks third in global internet crimes

The Nigerian Communications Commission (NCC) says Nigeria currently ranks third globally in cyber crimes behind the UK and the US.Umar Danbatta, chief executive officer of NCC, disclosed this on Tuesday at the ongoing 2017 annual general conference of the Nigerian Bar Association (NBA) in Lagos.Danbatta, at a breakout session with the sub-theme: 'The Business of Cyber Law, Internet Policy and [...]

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    FLASHBACK: How White House rodent ‘disrupted’ Obama’s press conference

FLASHBACK: How White House rodent ‘disrupted’ Obama’s press conference

On Tuesday, Nigerians were shocked to hear that rodents invaded President Muhammadu Buhari's office while he was in the UK.Garba Shehu, Buhari's spokesman, was quoted to have said: “Following the three months period of disuse, rodents have caused a lot of damage to the furniture and the air conditioning units.”A “national embarrassment”, some say -- but wait. On May 21, [...]

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    Greenback took a double hit

Greenback took a double hit

The US dollar remained on the defensive early Thursday, after yesterday’s declines led by increased uncertainty over another US rate hike in 2017 and President Donald Trump’s fiscal agenda after abolishing the Manufacturing Council and Strategy and Policy Forum.The fall out between President Trump and corporate America was the latest blow to his weakening administration.  I wouldn’t be surprised to see [...]

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    US backs development of modular refinery in Lagos with $1m grant

US backs development of modular refinery in Lagos with $1m grant

The US trade and development agency (USTDA) has approved a grant of $1 million (N360 million) for the detailed engineering design of 20,000 barrel per day (bpd) modular refinery in Lagos.Enyeribe Anyanwu, head, media communications of Integrated Oil and Gas Ltd, disclosed this in a statement made available on Sunday.Anyanwu said the US ambassador to Nigeria, Stuart Symington, who disclosed [...]

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    Nigerian, son convicted of $7m fraud in US

Nigerian, son convicted of $7m fraud in US

Emmanuel Oluwatosin Kazeem, a Nigerian accused of $7m fraud in the United States, has been convicted.The 34-year-old was found guilty by a federal court in Oregon on  a 19 count-charge of mail and wire fraud and aggravated identity theft.Michael Kazeem, his son, pleaded guilty to an indictment relating to the fraud and awaits sentencing.A jury in Medford returned the verdicts [...]

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    Trump says US nuclear arsenal more powerful than before

Trump says US nuclear arsenal more powerful than before

US President Donald Trump says the country's nuclear arsenal is now more powerful than before.North Korea had threatened to strike the US territory of Guam in the Pacific and Andersen air force base.Kim Jong Un, leader of the North Asian country, has made repeated threats against the US. Un has also been defiant to international law as he strives to [...]

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    North Korea vows to make US ‘pay dearly’ for new UN sanctions

North Korea vows to make US ‘pay dearly’ for new UN sanctions

North Korea has vowed to retaliate the latest round of sanctions approved by the United Nations (UN) and championed by the United States.According to a North Korean state media, Pyongyang condemned the action describing it as a "flagrant violation of its sovereignty".The UN security council had unanimously adopted new sanctions on Saturday in response to Pyongyang’s long-range ballistic missile tests [...]

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    Week Ahead: After NFP beat, US inflation under the spotlight

Week Ahead: After NFP beat, US inflation under the spotlight

After three weeks of back-to-back losses, the dollar index received a boost following the robust US jobs report.Not only did Non-Farm Payrolls beat expectations last month rising by 209,000 jobs versus earlier expectations of 183,000, but June’s figures were also revised higher, to 231,000 from 222,000.The unemployment rate also declined to 4.3% from 4.4% and most importantly, average earning [...]

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    US economy adds 209,000 jobs in one month

US economy adds 209,000 jobs in one month

Those hoping that the US dollar would be thrown a lifeline may be in luck, following the news that the United States added another 209,000 jobs to its economy in July.This is an overall positive employment report and highlights the underlying strength of the US labor market. Figures exceeded expectations, with earlier projections sitting at 183,000 and wage growth, with [...]

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    US approves sale of $593m fighter jets to Nigeria

US approves sale of $593m fighter jets to Nigeria

After years of foot-dragging, the US state department has approved the sale of a $593 million A-29 Super Tucano attack planes with associated parts, training, facilities and weapons, to Nigeria.The defence security cooperation agency delivered their certification of the foreign military sale to congress, as required by law, on August 2, according to United Press International.The twelve A-29s, equipped with [...]

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    Donald Trump approves new sanctions against Russia

Donald Trump approves new sanctions against Russia

US President Donald Trump has signed legislation imposing new sanctions on Russia into law, a White House official said on Wednesday.The US congress voted last week by overwhelming margins for sanctions to punish the Russian government over interference in the US 2016 presidential election, annexation of Ukraine’s Crimea and other perceived violations of international norms.Trump, who has made clear he [...]

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    US: Nigerian military unable to hold territories recovered by MNJTF

US: Nigerian military unable to hold territories recovered by MNJTF

The US department of state says the Nigerian military has been unable to hold on to gains made by the multinational joint task force (MNJTF) in the war against terrorism.In its 2016 country report on terrorism, released this week, the US said "the Nigerian government took steps to increase its counter-Boko Haram efforts," but could not hold on to gains recorded."Nigeria [...]

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    Trump kicks after Maduro jailed Venezuelan opposition leaders

Trump kicks after Maduro jailed Venezuelan opposition leaders

The US will hold Venezuelan President Nicolas Maduro "personally responsible" for the safety of two opposition leaders, President Donald Trump said in a statement.Opposition leader Leopoldo Lopez and Caracas mayor Antonio Ledezma, who were taken into custody earlier Tuesday, were "political prisoners being held illegally by the regime," he continued."The US holds Maduro, who publicly announced just hours earlier that [...]

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    We are not your enemy, US tells North Korea

We are not your enemy, US tells North Korea

After months of tense relations, the United States has said it does not pose a threat to North Korea, and that a regime change in the country is not its agenda.Rex Tillerson, US secretary of state, on Tuesday said his country and North Korea are not enemies."We do not seek a regime change, we do not seek the collapse of [...]

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    The Week Ahead: Is it time to buy the US dollar?

The Week Ahead: Is it time to buy the US dollar?

Six months ago it was hard to believe that the Greenback will be plummeting against all of its major peers.Back then the Fed was the only central bank tightening monetary policy, economic data was very supportive and most importantly Trump’s expected policies of cutting taxes as well as spending on infrastructure were meant to push the dollar higher. The [...]

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    Russia to kick out US diplomats in retaliation to new sanctions

Russia to kick out US diplomats in retaliation to new sanctions

Russia has asked the US to reduce its diplomatic staff by September 1 and has said it is seizing a dacha compound and warehouse used by US diplomats in retaliation to new sanctions.The announcement, outlined in a statement from the foreign ministry, came a day after the US senate voted to slap new sanctions on Russia.Russia's foreign ministry also warned the US that it [...]

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Exchange Rates

Aug 22, 2017USDGBPEUR
INTERBANK361.95465.25425.94
LAGOS369476431
KANO369475430
PH370477433
ABUJA370477433
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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