Nigeria: Oil Palm Waste As Money Spinner
In the past oil palm waste were discarded. Not any more as two entrepreneurs are using technology to put them to…
Day: July 8, 2020
Insulating Nigeria From Perennial Oil Price Volatility
Price volatility is a constant feature of the oil market, exposing oil-dependent countries like Nigeria to regular economic crises when…
Nigeria Restarts Domestic Flights Amid Easing Coronavirus Restrictions
Nigeria resumed domestic flights on Wednesday after a hiatus of around three months as Africa’s most populous country relaxes restrictions…
Latest Nigerian Currency Devaluation Sows Confusion With Traders
Naira devalued by 5.5% against dollar, according to FMDQ data. Nigeria is seeking to unify its multiple exchange rates
Ghana Reopens Over 600 Nigerian Shops
The President of National Association of Nigerian Traders (NANTS), Dr. Ken Ukaoha, has said that over 600 shops belonging to…
Sterling Clings To Three-Week Highs Ahead Of British Budget Plan
Sterling was steady at $1.2545 GBP=D3 and at 89.96 pence against the euro EURGBP=D3 on Wednesday, a day after hitting three-week highs…
Nigeria: Third Mainland Bridge: Fed, Lagos Govts Release 6 Months Traffic Plan
The Federal and Lagos State Governments, yesterday, rolled out traffic management plans for seamless execution during the partial closure of…
India’s Palm Oil Imports Climb To 5-Month High On Low Stockpiles
Palm oil imports by India climbed to a five-month high in June as traders and refiners in the world’s biggest…
Dollar Dips As Risk Sentiment Proves Elusive
The dollar dipped slightly on Wednesday as investors weighed hopes for a swift economic recovery against fears about a resurgence…
Nigeria’s Naira Eases Sharply On Official Market After Pressure To Unify FX Rate
Nigeria’s naira eased 5.5% on the official market on Tuesday, after the central bank sold dollars to lenders at a…
Nigeria: Speculators Remain In State Of Flux
The naira depreciated against the dollar at the Investors and Exporters (I&E) window on Monday, closing at N386.50 to a…
Nigerians Drag China To Court, Seek U.S.$200 Billion Compensation Over COVID-19 Pandemic
Abuja — Twenty-five Nigerians from all walks of life have dragged the Peoples Republic of China before the Federal Capital…
Vetiva Predicts Stability For Nigeria’s Naira In Near Term
Analysts at Vetiva Research have predicted that despite the downside risks affecting the exchange rate, various policy measures introduced by…
Germany Eyes Breakthrough In EU Migration Dispute This Year
Germany said on Tuesday it wants European Union nations to overcome a deadlock on how to handle refugees and migrants…
U.S. To Expel International Students If…
International students who are pursuing degrees in the United States will have to leave the country or risk deportation if their universities switch to…
Nigeria: Meals Will No Longer Be Served On Local Flights
The Minister of Aviation, Hadi Sirika, has said that food will no longer be served on domestic flights when operations…
Traders Stay Away From Forex Market Over Naira Devaluation
As the Central Bank of Nigeria rejigs the forex market as a prelude to rate unification and further devaluation of…