Dollar Starts Week On Back Foot Ahead Of Data, Earnings
The U.S. dollar edged down in Asian trade on Monday as investors looked to looming economic data from around the…
Month: July 2020
Sterling Eyes 200-Day Moving Average At $1.27 As Risk Sentiment Improves
Sterling/dollar rose on Monday towards its 200-day moving average of $1.27, though it was last trading neutral at $1.2619. Against…
Forbes Rates University Of Lagos, Nigeria High In Producing Entrepreneurs
The University of Lagos, UNILAG, has been acknowledged as the third most productive school in educating entrepreneurs on the African…
WHO Worries As Covid-19 Cases Surpasses 13 Million World Wide
COVID-19 cases rose above 13 million across the world on Monday, climbing by one million in just five days, with…
Nigerian President Buhari Approves New Boards For NLNG, BGT
President Muhammadu Buhari has approved the newly reconstituted board of Nigeria Liquified Natural Gas(NLNG) and Bonny Gas Transport Limited (…
Nigerian Banks To Debit Debtors’ Accounts Directly
The Central Bank of Nigeria (CBN) has released guidelines on Global Standing Instruction (GSI) that would enable banks to debit…
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…
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…
Why Insurance Firms Are Selling Off Their PFAs
The idea of mitigating risks and curtailing losses at the bare minimum begins from the insurance industry and only crosses…
Nigerian Government Hands Over National Theatre To Bankers Committee
The Minister of Information and Culture, Alhaji Lai Mohammed, has said he will on Sunday hand over the National Theatre…
Wife Of Brazil’s President Bolsonaro, And Her Two Daughters, Test Negative For Coronavirus
Michelle Bolsonaro, the wife of Brazilian President Jair Bolsonaro who is sick with the new coronavirus, said on Saturday that…
Huawei To Request UK To Delay 5G Network Removal
China’s Huawei Technologies has requested a meeting with UK Prime Minister Boris Johnson to work out a deal to delay…
China Raises Flood Alert To Second Highest Level
China on Sunday raised its flood response alert to the second highest grade as downpours continued to batter regions along…
Tesla Slashes Model Y SUV Price As Pandemic Weighs On Auto Sector
Tesla Inc (TSLA.O) cut the price of its sport utility vehicle Model Y by $3,000, just four months after its…
Saudi Telecom Extends Vodafone Egypt Stake Purchase For Second Time
Saudi Arabia’s largest telecoms operator Saudi Telecom Co (STC) (7010.SE) said on Sunday it would need another two months to…