Weekahead-Africa-FX-Dollar Dearth Weighs Down Kenyan, Nigerian Currencies
The Kenyan shilling and the Nigerian naira are expected to weaken in the week ahead, mainly because coronavirus disruptions have…
Day: July 23, 2020
Nigeria: Shippers Council, NAICOM To De-Risk Costs At Ports
The Nigeria Shippers Council (NSC), and the National Insurance Commission (NAICOM), plans to collaborate to reduce the cost of doing business…
Nigeria: Loan Forbearance Will Enable Companies Survive Covid-19
Central Bank of Nigeria Governor, Mr. Godwin Emefiele, in this interview after the Monetary Policy Committee meeting spoke about the state…
Nigeria: Fed Govt Okays N10.5b For Ports
The Federal Government yesterday approved projects in two memoranda worth above N10.5 billion for the Nigerian Customs Service (NCS). The…
U.S. Exim Bank Out To Displace China After Record Loan In Africa
Bank finalizes $4.7 billion loan for Mozambique gas project Support could range from power systems to telecommunications The Export-Import Bank…
Nigeria: FEC Approves $18.12m For Purchase Of Cargo Scanners To Ease Ports Operations
The Federal Executive Council (FEC), on Wednesday approved the purchase of scanners for the Port Harcourt and Tin Can Island…
CBN Launches New Schemes For Non-Interest Financial Institutions
The Central Bank of Nigeria(CBN) has introduced intervention schemes to cater for non-interest financial institutions (NIFIs). It said in a…
Bullish Bets On Most Asian Currencies Climb On Vaccine Hopes, China Stability
Investors raised their long bets on the Chinese yuan and most other Asian currencies, a Reuters poll showed, as signs…
Pandemic Hit To Haj Saddens Would-Be Pilgrims
This year’s haj will be a time of sadness for many Muslims around the world prevented from travelling to Saudi…
Demand For Jail Sentence In Shell And Eni Nigeria Oil Trial
Italian prosecutors are calling for lengthy jail terms to be handed down to the boss of Eni and one of…
South Korea Enters Recession As Exports Plunge By Most Since 1963
The South Korean economy plunged into recession in the second quarter in its worst decline in more than two decades…
China Says UK Citizenship Pathway For Hong Kong Residents Violates International Law
A new British policy allowing Hong Kong residents to claim British citizenship is a violation of international law and interferes…
FG’s July Bonds Oversubscribed By N340.13bn
The Federal Government Bonds for the month of July worth N130bn, which were auctioned on Wednesday, were oversubscribed by N340.13bn,…
China’s Latest Starfish-Shaped Airport Set To Boost Tourism In Northeast
Qingdao, a Chinese coastal city famous for being the headquarters of Tsingtao Brewery, is poised for a major tourism boost with…
UK Airports Lost £10,000 Per Minute Between March And June
‘This should serve as a wake-up call to government and lead them to finally grasp the severity of the challenge,’…
IMF Approves Temporary Increase In Annual Access Limits To Financial Support
The Executive Board of the International Monetary Fund (IMF) on Wednesday approved a temporary increase in the annual limits on…
CBN – Economy Recorded U.S.$42.7 Billion Forex Inflow In First Quarter
The aggregate foreign exchange (forex) inflow into the Nigerian economy in the first quarter (Q1) 2020 was $42.71 billion, the…