The British Passport Stoking Controversy In Hong Kong
As China tightens its control over Hong Kong with a new national security law, the U.K. is offering some residents of…
Day: July 3, 2020
Italy Prosecutor Says Eni, Shell Aware Of Bribes In Nigeria Case
Oil majors Eni and Royal Dutch Shell were aware that most of the money they spent to buy a Nigerian…
How Border Closure in Nigeria Aided Local Raw Materials Utilisation
Utilization of Local Raw-materials in the manufacturing sector increased marginally in the second half (H2) of 2019, attributable to the…
CBN Expands The Scope Of Regional Banks In Nigeria
The Central Bank of Nigeria, pursuant to Section 8 (g) of the CBN Scope, Conditions & Minimum Standards for…
Is Nigeria’s Mobile Money Data An Unsolved Puzzle Fintechs Toy With?
Here’s a simple question: How many mobile money agents are in Nigeria at present? Well, the answer is not so…
Banks, Other Lenders Urged To Finance Africa’s Economy
The Group Chief Executive Officer, United Capital Plc, Mr. Peter Ashade, has called on financial institutions to develop innovative home-grown…
Nigeria’s Foreign Reserves Fell By $373.23m In June
The country’s foreign reserves fell by $373.23m from $36.57bn on June 1 to $36.2bn on June 29, latest figures from…
Stamp Duty As New Black Gold in Nigeria
This matter of making the Stamp Duty (and by implication tax revenue) the next black gold has occupied my mind…
Nigeria: Domestic Debt Servicing Gulps N609.13b In Q1 2020
The Federal Government has spent N609.135 billion to service domestic debt in the first quarter of 2020. The Debt Management…
British Pound Heads For First Weekly Win Against Dollar In Four
Sterling was headed for its first positive week in four against the dollar on Friday, holding close to the $1.25…
Multi-Strategy Hedge Funds Post Double-Digit Gains
Multi-strategy hedge funds have made massive gains in the first six months of the year aided by the Federal Reserve’s…
Pump Or Dump? With Oil In Decline, Africa Ponders Its Energy Future
As the COVID-19 pandemic bashes economies and demand for oil, many African nations dependent on exporting fossil fuels are “haemorrhaging”…
Boeing Communications Chief Resigns Over Decades-old Article On Women In Combat
Boeing Co’s (BA.N) communications chief Niel Golightly abruptly resigned on Thursday, following an employee’s complaint over an article the former…
JPMorgan Drops Terms ‘master,’ ‘slave’ From Internal Tech Code And Materials
JPMorgan Chase & Co (JPM.N) is eliminating terms like “blacklist,” “master” and “slave” from its internal technology materials and code…
Wall Street Shifts Bets To Big Pharma As COVID-19 Vaccine Race Progresses
Wall Street is moving some bets on COVID-19 vaccines to large pharmaceutical companies with robust manufacturing capabilities, signaling that…
Spain’s Banks Look To Make Lockdown Branch Closures Permanent
As Spain reopens after the COVID-19 crisis, its banking industry is seizing the opportunity to shrink its swollen branch network…
Merkel Makes First Masked Appearance To Ward Off Criticism
German Chancellor Angela Merkel made her first public appearance wearing a mask on Friday after dismissing accusations of hypocrisy earlier…
Eco Common Currency And Gulf Between
If it goes according to schedule, the currency of the West African Economic and Monetary Union (UEMOA) since 1945, the CFA…
Lockdown Ends In Nigeria’s Kano, Where Coronavirus Killed Hundreds
The Nigerian state of Kano ended its novel coronavirus lockdown on Thursday, the local ministry of health said, months after…
Beaches Beckon As England To End Quarantine For More Than 50 Countries
England’s coronavirus quarantine rules for more than 50 countries including Germany, France, Spain and Italy is to end, the British…
US Buys Nearly All stocks Of COVID-19 Drug Remdesivir
The United States Department of Health services has bought nearly all the supply of breakthrough COVID-19 drug Remdesivir for itself.…
How New Safety Protocol Changed Air Travel Dynamics
The coronavirus pandemic has changed the air travel dynamics. Air travellers, either on local or international trips, will now have…
Nigeria: ‘Domestic Debt Servicing Gulps N609.13b In Q1’
The Federal Government has spent N609.135 billion to service domestic debt in the first quarter of 2020. The Debt Management…
Naira Gains Against The Dollar Across Forex Markets As Liquidity Hits Record Increase
At the black market, the naira appreciated marginally by N1 to a dollar to close at N461 to a dollar.…