Nigeria: ABCON Calls For Suspension Of Taxes, Tariff Hike
Association of Bureaux De Change Operators of Nigeria (ABCON), has called on the Federal Government to suspend all increases in…
Day: July 13, 2020
South African Rand Firms As Dollar Wobble Lifts Emerging Currencies
South Africa’s rand firmed early on Monday, helped by increased risk appetite as investors bet again on a global economic…
Nigerians Fight For Economic Balance As Recession Beckons
The months ahead may be more daunting for the real sector as government’s debt-funding plans at higher costs threaten to…
Experts Warn Against Impact Of Naira Devaluation On 2020 Budget
Economic experts have expressed concerns about the recent devaluation of the Naira by the Central Bank of Nigeria (CBN), warning…
Current Economic Realities Necessitated Naira Devaluation
Dipping oil prices, COVID-19, increasing debt, high poverty and unemployment have been identified as factors that have forced the Nigerian…
Flight Operations Restart In Kano Airport Amid Low Passengers
Domestic flight operations has resumed at Mallam Aminu Kano International Airport (MAKIA), Kano amidst strict adherence to COVID-19 protocols. Although…
Naira To Depreciate Further In Parallel Market
The sharp depreciation of the naira in the parallel market is set to continue this week with the exchange rate projected…
FG Threatens To Review Air Agreements With UK, Others Over ‘Unacceptable Treatment ‘Of Nigerian Carriers
The federal government Sunday said it would review its Air agreements with various countries as a result of the unacceptable…
Navigating Nigeria’s Foreign-Exchange Maze On Path To Fair Value
Nigeria, under pressure from multilateral lenders, has vowed to untangle its Byzantine foreign-exchange regime that deters investment in Africa’s biggest…
29 Nigerians Stranded In Lebanon Successfully Evacuated
29 Nigerians who were initially stranded in Lebanon have been successfully evacuated to the country. The Nigerians in Diaspora Commission…
Currency Controls Boosting Black Market Patronage, Say Dealers
Financial Market Dealers have said the implementation of currency control, making it difficult for certain sectors of the economy to…
Air Peace Evacuates Nigerians From Malaysia, Thailand, Indonesia
Nigeria’s leading carrier, Air Peace, on July 10, 2020, dispatched, two B777 aircraft, with registration number 5N-BWI and 5N-BVE, to…
Looming Free Fall – How To Save The Naira
On Tuesday, the Central Bank of Nigeria, CBN, adjusted the value of the Naira to exchange to the dollar at…
Why 58 Nigerian Medical Doctors Were Traveling Without UK Visas
Some facts have emerged why 58 Nigerian medical doctors who were denied departure to the UK through the Muritala Muhammed…
Overland Airways To Resume Flights July 15
Overland Airways has announced the resumption of its flight services with effect from July 15, 2020, following the lifting of…
Exclusive: Buhari Ordered DSS To Investigate Magu Since 2018
Unknown to Ibrahim Magu, President Muhammadu Buhari had directed the Department of State Services (DSS) to investigate him as far…
Report Cites Nigeria In Dubai Global Corruption Saga
A new report has identified Nigeria as one of the major countries whose citizens use Dubai, the economic capital of…