Nigeria:Calabar, Kaduna, Yola Airports Open Amid Traveller Apathy
FG to shut airports in default of COVID-19 safety guidelines At least another two airports were yesterday certified ready and…
Day: July 21, 2020
Nigeria: Clearing Agents Condemn Planned Concession Of Scanners To Foreigners
There is nothing like that, says Customs The Association of Nigerian Licensed Customs Agents (ANLCA), has criticised the planned concession…
Nigeria: Hope Dims For National Carrier Two Years After London Launch
FG insists on Nigeria Air as project gets priority in N27b bailout fund • Pandemic forecloses credible investors, technical partners…
NNPC Raises August Selling Prices Of Crude Oil
The Nigerian National Petroleum Corporation has increased the prices at which two of the country’s major crude oil grades would…
Nigeria Sets Up Committee To Drive Digital Identity Initiative
Nigeria‘s President Muhammadu Buhari has established a committee led by the Secretary to the Government of the Federation, Boss Mustapha,…
CBN Mute On FX As MPC Meeting Underwhelms
The Central Bank of Nigeria (CBN) announced its monetary policy decisions on Monday without addressing the acute dollar shortages in its…
‘Cassava Can Boost Nigeria’s Export’
The New Partnership for Africa’s Development (NEPAD) Business Group Nigeria (NBGN) has called for good policies and investments in cassava…
Preserving Forex Reserves, Raising Local Capacity Through Import Substitution
For decades, successive governments in Nigerian resorted to protective measures, including import restrictions and exchange rate control, to manage its…
Covid-19 Takes Toll On Kaduna Dry Port
Barely five months into the outbreak of the Coronavirus (Covid-19), some operators in the sector are already feeling the heat…
Towards A Digitalised Port System
One major issue dominated discussions at the parley of the chief executive officers of maritime agencies hosted by the Nigerian…
Euro Hits New Four-Month High After Pandemic Recovery Deal
The euro hit its strongest level since early March on Tuesday after the European Union (EU) struck a deal for…
Forex Uncertainty Worries Businesses As CBN Retains 12.5% Interest Rate
The Central Bank of Nigeria on Monday retained the country’s benchmark interest rate or Monetary Policy Rate at 12.5 per…
Nigeria Weekly Update – The Mystery Of The Parallel Exchange Rate
Until recently, the behaviour of the parallel exchange rate this year has been a mystery. Why did it not respond…
Nigeria’s Rating Suffers Blow From COVID-19, Oil Shock – Fitch
Fitch Ratings has said the coronavirus pandemic and the oil price shock have caused a severe impact on credit rating…
Nigeria: CBN Boosts Economy With N3.3tr Credit
The Central Bank of Nigeria (CBN) on Monday said it has facilitated a credit of N3.3trillion to the productive sectors…
Nigeria, Others Import $650bn Goods From Outside Africa – FG
Nigeria’s National Action Committee on the African Continental Free Trade Area on Monday said Nigeria and other countries on the…
Naira Devaluation: Good Policy With Grave Implications
As the monetary authorities advance in the unification of the exchange rates by devaluation of the Naira, experts warn of…
South Africa Bans Alcohol Sales Again To Combat Covid-19
South Africa has introduced new restrictions, including another ban on alcohol sales, to help contain the spread of coronavirus. A…
MPC To Retain Policy Rates As Analysts See Further Rise In Inflation
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) meeting today is expected to retain its policy…
Unified Exchange Rate’ll Attract $25bn Diaspora Remittances –ABCON
The Federal Government’s move to unify multiple exchange rates in the country will attract over $25bn diaspora remittances according to…