UK Plans To Create ‘Freeports,’ Cut Taxes
British finance minister Rishi Sunak is preparing to introduce sweeping tax cuts and an overhaul of planning laws in up…
Month: July 2020
Abu Dhabi Fund Suspends Debt Service Repayments For Countries, Companies
Abu Dhabi Fund for Development has suspended debt service repayments for some countries and companies for the year, the state-financed…
Cash-Strapped New Jersey To Borrow Up To $9.9 Billion Under Deal
New Jersey, one of the states hardest hit by the coronavirus outbreak, would borrow up to $9.9 billion from sources…
Trump Dons Masks In Visit To A Military Medical Facility
President Donald Trump, who has avoided wearing a mask in public even as the coronavirus pandemic spread, donned one on…
Behind the Relentless Stock Rally, Waves of Anxiety Are Building
erves are fraying underneath the stock market’s technology-fueled rally. Short bets against the biggest equity exchange-traded fund are stubbornly high…
Mandatory Masks, Mickey At A Distance As Walt Disney World Reopens
Mickey waved from a distance and visitors wore colorful face masks with mouse ears on Saturday as Florida’s Walt Disney…
Wall Street Forges a New Deal With Data in Coronavirus Age
Alternative data has been a buzzword on Wall Street for years. Never has demand been greater than during the coronavirus…
Nigerian Government Clarifies Tax On House Rents, C of O, Others
The Director-General of the Budget Office of the Federation, Ben Akabueze, says tax on rents, Certificate of Occupancy and others…
Immigration Stops 58 Nigerian Medical Doctors From Travelling To UK
Operatives of the Nigeria Immigration Service (NIS) at Murtala Muhammed International Airport (MMIA) Ikeja, Lagos, have refused departure of 58 Nigerian doctors.…
Nigeria Misses Revenue Target On Low Oil Prices And Output
Nigeria could only collect about half of its budgeted revenues in the first five months of this year as low…
Africa News Update
Ivory Coast Succession | Ivory Coast Prime Minister Amadou Gon Coulibaly died this week, throwing the ruling party into disarray and casting the race to succeed…
Naira weakens, Oil slips, Stocks flat
As the coronavirus menace dug its vicious talons deeper into Africa’s largest economy, the Central Bank of Nigeria wasted no…
Fed Govt Approves Fourth Evacuation Flight for Stranded Nigerians In US
The federal government has approved a fourth evacuation flight for stranded Nigerians in the United States. A statement issued Friday…
Africa Could Have COVID-19 Vaccine In Q1 If Human Trials Work – S.Africa Trial Lead
Africa could have a COVID-19 vaccine in the first quarter of 2021 if human trials underway in South Africa succeed,…
Nigeria’s Confusing Currency and IMF Loan
Humbled by crashing oil prices and the coronavirus pandemic, Nigeria appears to be heeding the International Monetary Fund’s advice by…
Elon Musk Soars Past Warren Buffett on Billionaires Ranking
Elon Musk is now richer than Warren Buffett. The fortune of Tesla Inc.’s founder rose $6.1 billion on Friday, according to the Bloomberg…
Dollar, Yen Gain While Risk Currencies Slip As U.S. Coronavirus Anxiety Deepens
The dollar and other safe-haven currencies gained against their riskier peers on Friday after a surge in new coronavirus infections…
Nigeria Suspends Anti-Graft Chief -Attorney General’s Office
Nigeria has suspended its anti-corruption chief pending the conclusion of investigations, the attorney general’s office said on Friday, without elaborating.…
UK Visa Application Centre In Nigeria To Reopen Soon
The British high commission in Nigeria says work is ongoing to reopen visa application for intending travellers to the United…
BA Moves Gatwick Flights To Heathrow
British Airways has announced that it would be switching many short-haul flights from its second-biggest base, Gatwick Airport, to Heathrow…
NSC Targets Full Digitalisation Of Nigerian Ports By 2021
The Nigerian Shippers’ Council (NSC) has announced that it is perfecting plans to ensure that cargo clearing processes and all…
Manufacturers Association Of Nigeria Commends CBN’s Forex Unification, Seeks Protection
The Manufacturers Association of Nigeria (MAN) has expressed its support for the recent move by the Central Bank of Nigeria…
Nigerian National Petroleum Commision Increases Gas Supply As Pipeline Vandalism Rises
The Nigerian National Petroleum Corporation on Thursday announced an increase of 19.14 per cent in the average daily natural gas…
Nigeria: New Dawn At NPA
Eromosele Abiodun writes on the significance of appointing Akin Ricketts into the board of the Nigerian Ports Authority Stakeholders in the…
International Energy Agency Raises 2020 Oil Demand Forecast But Warns COVID-19 Clouds Outlook
The International Energy Agency (IEA) bumped up its 2020 oil demand forecast on Friday but warned that the spread of…
No Going Back On Petrol Subsidy Removal – Federal Government Of Nigeria
The Minister of State for Petroleum Resources, Timipre Sylva, said on Thursday that the Federal Government had reached a conclusion…
Nigeria: ‘Many Factories May Shutdown Over Outstanding Forex Obligations’
With the Central Bank of Nigeria (CBN) adjusting the foreign exchange rates in a move to have a uniform rate…
Over 33% Of Air Travellers To Avoid Flights Over Infection Risk
At least three in every 10 air travellers have vowed not to fly anytime soon over possible coronavirus infection during…
Wall Street Is Pessimistic About The Dollar
The world’s biggest currency banks see the dollar edging lower toward year-end, a consensus that may only hold if rising coronavirus…
Nigeria’s Excess Crude Account Held $72.41 Million As Of July 7 – Finance Minister
Nigeria’s excess crude account held $72.41 million as of July 7, the country’s finance minister said on Thursday. Zainab Ahmed…