Yuan Weakens 7.1982 Pips Against Dollar

The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 72 Pips to 7.1982 against the dollar on Wednesday. This is according to the China Foreign Exchange Trade System. In China, the central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market…

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Tinubu Lauds Lamido at Book Launch, Reaffirms Commitment To Political Inclusion

President Tinubu has extended warm congratulations to former Governor of Jigawa State and elder statesman, Alhaji Sule Lamido, on the launch of his autobiography titled “Being True to Myself”, describing it as a significant contribution to Nigeria’s political literature and democratic discourse. Speaking on behalf of the President yesterday in Abuja, the Minister of Information…

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PDP South-East Caucus Engages NWC in Abuja Over Leadership Crisis

The South East Zonal Executive Committee (ZEC) of the Peoples Democratic Party (PDP) is presently in a meeting with the National Working Committee (NWC) to tackle urgent issues threatening the party’s cohesion and stability. The meeting commenced at 12:45 a.m. on Tuesday, chaired by the Deputy National Chairman (South), Taofeek Arapaja, representing the Acting National…

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German Intelligence Agencies Warn Of Aggressive Russian Espionage

German intelligence services on Monday warned of a spike in Russian espionage in a public session of the parliamentary oversight penal. The annual meeting in Germany’s lower house, the Bundestag, was attended by leaders of the country’s three intelligence services. The Federal Intelligence Service (BND), the Military Counterintelligence Service (MAD) and the Federal Office for…

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DHQ Moves To Establish Armed Forces Museum

The Defence Headquarters (DHQ) on Wednesday signed a Memorandum of Understanding (MoU) with Empower 54 Africa Initiative to establish a world-class Armed Forces Museum in Abuja. The Chief of Defence Staff (CDS), Gen. Christopher Musa, said the project was conceived to preserve the history of the Nigerian military and honour the sacrifices of fallen heroes….

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Trump Threatens New Tariffs On Smart Phones

Donald Trump says Chinese-made smartphones and other electronics will not be exempt from tariffs, adding that they are simply moving into a different levy “bucket.” European stock markets bounced up Monday morning after Friday’s official announcement that some of these products would escape up to 145% levies. China has called on Donald Trump to “completely…

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New York Surgeon Gets 36 Months In Jail Over $31m Trip-and-Fall Scam

A New York-licensed pain management doctor has been sentenced to 36 months in prison for his participation in a scheme to obtain fraudulent insurance reimbursements and other compensation from fraudulent trip-and-fall accidents.   Damian Williams, U.S. Attorney for the Southern District of New York, announced the sentencing of Sady Ribeiro by U.S. District Judge Sidney…

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