Nigeria toughens currency trading curbs to halt naira fall
The Nigerian naira
Lagos - AFP
Nigeria's Central Bank (CBN) on Friday announced new measures to curb currency speculation as part of an effort to defend the naira which has been hit hard by the collapse in global oil prices.
Customers who purchase foreign currency through the interbank market or an authorised trader must use the fund within 48-hours or they will be forced to sell it back to the central bank at a price to be fixed by the bank, a statement said.
The measure targets speculators who seek profit by buying up foreign currency in hopes that the naira will continue to fall.
- Sunday ,02 December GMT 14:02 2018 RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fund
- Wednesday ,21 November GMT 07:59 2018 Merkel policies in focus in final debate on draft German budget
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:59 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 16:57 2018 Wednesday ,31 October
Putin to discuss relations development prospectsGMT 16:04 2018 Monday ,29 October
Russian, Cuban presidents to discuss strategic partnershipGMT 12:57 2018 Saturday ,27 October
"Undeclared war" forces Russia to boost defense spendingGMT 15:45 2018 Friday ,26 October
Medvedev to represent Russia at upcoming APEC summitGMT 14:12 2018 Thursday ,25 October
Saudi Arabia plans to invest in Russian-Chinese Fund soon
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 18:03 2016 Sunday ,11 September
Low interest rates are a drag on US bank profits
GMT 10:11 2017 Thursday ,07 December
US lawmakers deny Democrat's bid to impeach Trump
GMT 12:58 2017 Sunday ,15 January
US 'hostility' grows despite nuclear deal
GMT 09:34 2017 Thursday ,19 October
Croatia court orders arrest of retail giant boss
GMT 22:40 2018 Friday ,05 January
Education Minister attends workshop
GMT 16:33 2012 Wednesday ,15 February
Second generation coupeGMT 23:53 2011 Thursday ,14 April
EU pushes plans to tax carbon emissions for cleaner energy
GMT 12:50 2017 Wednesday ,25 October
Irish star Zebo risks Test future over Racing move
GMT 21:20 2017 Monday ,22 May
London City First in UK to Get Remote Air Traffic Control
GMT 22:26 2017 Wednesday ,08 March
Ramos produces yet another timely intervention for RealGMT 08:04 2013 Sunday ,07 April
EIDA Page on Facebook attracts 5000 new followers
GMT 03:32 2017 Tuesday ,05 December
Sisi vows forceful response after mosque massacre
GMT 12:24 2017 Thursday ,02 February
Egyptians overjoyed by reaching AFCON 2017 final
GMT 19:58 2017 Saturday ,01 April
Lebanese Army Reports New Israeli Breach
GMT 18:46 2014 Monday ,15 December
Memish receives Council of Arab Businesswomen delegation
GMT 21:24 2017 Thursday ,16 February
S. Korea's ICT Exports Increase in January
GMT 21:52 2017 Friday ,21 July
President Jokowi deplores clash after demonstration
GMT 08:18 2017 Sunday ,19 February
3,593 people killed in road accidents in Morocco in 2016
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor