Forex: Naira Stable On Parallel Market
The naira stayed stable at N461/$1 on the parallel market yesterday, as traders appeared confused about whether the Central Bank…
Day: July 9, 2020
Place Visitors From Lagos, Abuja On 14-Day Isolation, Wike Tells Rivers Residents
Governor Nyesom Wike of Rivers State has advised residents to be wary of persons coming from states with high coronavirus…
Mixed Reactions As CBN Moves To Unify Exchange Rate
Lagos — With moves by the monetary authorities to unify the Naira foreign exchange (forex) rates gaining traction, economic analysts…
Nigeria’s Confirmed Coronavirus Cases Pass 30,000 -NCDC
Nigeria’s confirmed coronavirus cases passed 30,000 on Wednesday, the country’s disease control centre said, as the virus spreads in Africa’s…
FG Explains Deregulation Of Oil Downstream Sector
The Minister of State for Petroleum Resources Chief Timipre Sylva says the deregulation of the downstream oil sector was to…
Africa’s CDC Urges More COVID-19 Tests, Masks, As Continent’s Cases Top 500,000
African countries urgently need to scale up coronavirus testing and the use of face masks, a regional disease control body…
China’s market euphoria trumps political risk in Hong Kong
Investors in China’s soaring stock market are increasingly turning to Hong Kong for bargains, egging on an investment boom on…
Brazil’s Bolsonaro Bets ‘Miraculous Cure’ For COVID-19 Can Save Brazil
Brazilian President Jair Bolsonaro has gone all in on hydroxychloroquine to help his coronavirus-ravaged country beat COVID-19. He has pushed his government to make the malaria drug widely available and encouraged Brazilians to take it, both to prevent the disease and to treat it.
Fed Officials Suggest U.S. Recovery May Be Stalling
Federal Reserve officials raised fresh doubts on Wednesday about the durability of the U.S. recovery, while new business surveys highlighted…
India Raises Concerns With U.S. Over New Rules For Foreign Students
India has conveyed its concerns to the United States about a new immigration order that could force a large number…
Harvard, MIT Seek Temporary Halt To Trump Administration Rule On International Students
Harvard University and Massachusetts Institute of Technology have asked a federal court to temporarily block a Trump administration rule that…
Nigeria: Aviation Authority Suspends Skypower Express, 14 Aircraft For Violations
Ahead of the resumption of commercial domestic flights on Wednesday (today), operators in the aviation sector have introduced various mechanisms…
Nigeria: NCAA Denies Aero, Azman Air Approval
Aero Contractors, Azman Air and Max Air Limited have failed to meet the Nigeria Civil Aviation Authority’s approval to resume…
African Economies Could Shrink 3.4% This Year, Rebound In 2021 -AfDB
Nigeria resumed domestic flights on Wednesday after a hiatus of around three months as Africa’s most populous country relaxes…
Nigerian Stocks Slip As Fears Rise Over Naira Devaluation
In the face of economic uncertainty, dollar scarcity and depressed Oil prices, the Central Bank of Nigeria (CBN) has devalued…