Nigeria: Naira In An Age Of Pestilence
I remember when the Naira was born. It hatched out of the British Pound, and we celebrated it as though…
Day: July 20, 2020
Shekel Could Sour As Central Banker Sees Bigger Economic Hit
After a strong week, the shekel is again testing pre-coronavirus levels. A resurgent outbreak could change all that. With cases…
Nigeria: FG To Save $300m From Barite Importation
The Minister of Mines and Steel Development, Mr Olamilekan Adegbite, says the Federal Government will soon ban the importation of…
Nigerian Banks To Limit Debit Card Spending Abroad To Ease FX Risk
Nigerian banks plan to reduce the amount customers can spend abroad using debit cards on Monday, two lenders said, as…
Where’s Crude Heading? Morgan Stanley Says To Watch The Oil-Gold Ratio
“The oil-gold ratio has historically been a poor indicator of future oil prices,” Morgan Stanley’s Martijn Rats and Amy Sergeant…
Nigeria’s Revenues Rise In June On Higher Oil, Tax Receipts
Nigeria’s gross revenues rose to 653.35 billion naira ($1.7 billion) in June from 517.8 billion naira in May due to…
Nigeria: Anxiety As Forex Scarcity Hit Banks
Indications are that most deposit money banks (DMBs) operating in the country are practically struggling to meet daily demands of…
Nigeria: Waiting on the Revised Petroleum Industry Bill
The much-sought sanity in the petroleum industry may soon be found if the promise by the federal government to transmit…
Nigeria: NNPC Suffers 47% Drop In Petrol Sales Revenue
The Nigerian National Petroleum Corporation saw its revenue from petrol sales plunge by 47.38 per cent to N107.61bn in April…
UAE Impounds Aircraft Operated By Nigerian Airline Over Safety Violations
Civil aviation authorities in the United Arab Emirates have impounded a private jet operated by a Nigerian airline (name withheld)…
Untold Magical Treasures Of Northern Nigeria
Way before the name ‘Nigeria’ was chosen, in the period that saw the rise and reign of powerful empires and kingdoms, the…
Nigeria: No More Hiding Place for Loan Defaulters
Individuals and companies, who have the habit of borrowing from banks, with the intention of not paying back, may now…
Nigeria Border Closure: Unsold Inventory Fell By N23.73b In 2019-MAN
The border closure may have been a blessing in disguise as local manufacturers reaped bountifully with many consumers patronising made-in-Nigeria…
Covid-19: Lagosians Groan As Prices Of Foodstuffs, Rent Soar
RESIDENTS of Lagos State may have to devise ingenious means of grappling with the economic impacts of the COVID-19 pandemic…
Nigeria: Women To Get 60% Of N220bn SME Fund – CBN
The Central Bank of Nigeria has said that women will be given 60 per cent of the N220bn Micro, Small…
How Did Nigeria’s Treasury Bills Drop From 18% to 3% in 3 Years?
How did Nigeria’s treasury bills drop from 18% to 3% in the last three years and why earnings on savings,…
134 Nigerians Stranded In Sudan Arrive In Abuja
134 Nigerians who had been stranded in Sudan have returned to the country. They arrived at the Nnamdi Azikiwe International…
Nigerian Port Authority (NPA) Driving Seaport Operations
During COVID-19 The Nigerian Ports Authority, (NPA), while overseeing the general seaport operation by private port operators, have had to…