Yuan Weakens To 7.1935 Against Dollar

The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 24 pips to 7.1935 against the dollar on Wednesday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate…

Read More

U.S. Communications Chair Slams EU Tech Rules

The U.S. communications chair said the EU tech rules are “excessive” and “incompatible” with American values, vowing to defend the interests of American tech companies. Speaking at the annual Mobile World Congress in Barcelona, Brendan Carr, the new chair of the U.S. Federal Communications Commission, expressed concern with the EU’s Digital Services Act (DSA). For…

Read More

We’ll Build On Buhari’s Legacy, Reform Agenda – Tinubu

President Bola Tinubu has assured Nigerians that his administration remains resolute in consolidating and strengthening the reform-oriented legacy of his predecessor, former President Muhammadu Buhari. He made this known at the launch of a new book authored by Malam Garba Shehu, former Senior Special Assistant on Media and Publicity to President Buhari. The book, “According…

Read More

Nigeria, S/Africa Operationalise Advisory Council To Boost Trade, Investment

Nigeria and South Africa have operationalised the Joint Ministerial Advisory Council on Industry, Trade, and Investment to enhance economic cooperation between the two leading African economies. President Cyril Ramaphosa said this at the Nigeria -South Africa Business Roundtable on Tuesday in Cape Town, South Africa. At the roundtable, President Bola Tinubu said that Nigeria was…

Read More

Lagos Police Reaffirm Intention To Arrest Activist Sowore Over Alleged Violent Protest Plans

The Lagos State Police Command has reiterated its plan to arrest political activist and former presidential candidate, Omoyele Sowore, over alleged intentions to incite violent protests in the state. Commissioner of Police Olohundare Jimoh made the statement on Monday during a strategic security meeting at the Command Headquarters in Ikeja, noting that Sowore had failed…

Read More