Features World U.S. To Expel International Students If… July 8, 2020 Ekemini International students who are pursuing degrees in the United States will have to leave the country or risk deportation if their universities switch to online-only courses, the United States Immigration…
Local Nigeria: Meals Will No Longer Be Served On Local Flights July 8, 2020 Ekemini The Minister of Aviation, Hadi Sirika, has said that food will no longer be served on domestic flights when operations resume. Speaking on Monday at the daily briefing of the…
Business Traders Stay Away From Forex Market Over Naira Devaluation July 8, 2020 Ekemini As the Central Bank of Nigeria rejigs the forex market as a prelude to rate unification and further devaluation of the naira, currency traders stayed away from the market and…
Business CBN Debits Banks N122bn, Moves To Unify Exchange Rates July 7, 2020 Ekemini The Central Bank of Nigeria debited N122bn ($338m) from banks’ excess cash with the apex bank before weakening the currency at a retail auction on Friday in a move to…
World UK House Prices Fall For Longest Period Since 2010 – Halifax July 7, 2020 Ekemini British house prices fell for a fourth month in a row in June as COVID-19 continued to depress the market, the longest run of monthly declines since 2010, mortgage lender…
Business Risk-On Move Dents Dollar; Yuan Notches Best Day Since December July 7, 2020 Ekemini The yuan on Monday recorded its best day against the dollar since December as investors lapped up risky assets on growing expectations of a strong Chinese economic rebound and as…
Business Local Nigeria: CBN Bows To Pressure, Devalues Naira Again July 7, 2020 Ekemini • ‘Timing coincidental, nothing to do with IMF, World Bank’ • Economists advocate currency, lifestyle audit • Moghalu, Sanusi, others disagree on exchange rate unification The country’s fiscal state faces…
Business Dollar Regains Footing As Investors Eye Lockdown Risks July 7, 2020 Ekemini The dollar found some traction on Tuesday, as risks from rising coronavirus cases offset strong economic data and kept a lid on confidence in an economic recovery from the COVID-19…
Local Nigeria: Buhari Bars VIPs’ Aides From Airport Terminals July 7, 2020 Ekemini The President, Major General Muhammadu Buhari (retd.), has given an approval to the Federal Ministry of Aviation to stop all aides of public office holders and other very important personalities…
Local We May Propose Fresh Lockdown After Two Weeks, Says Task Force July 7, 2020 Ekemini The Presidential Task Force on COVID-19 on Monday lamented the increasing rate of COVID-19 cases among people in government, saying it was directly impacting on governance and security in the…
Local Nigeria: FG Constitutes COVID-19 Protocols Enforcement Team July 7, 2020 Ekemini The Federal Government on Monday said it had positioned enforcement teams within and outside airport terminals to enforce all safety protocols against the spread of COVID-19 at airports. It said…
World Sterling Near Three-Week Highs Before Government Releases Spending Plans July 7, 2020 Ekemini Sterling held near a three-week high against the dollar and gained against the euro on Tuesday as investors waited for more details of the government’s plans to support the British…
Local Nigeria’s Inflation’ll Average 12.2% In 2020, Says PwC July 7, 2020 Ekemini PwC Nigeria has said the headline inflation in Nigeria will average 12.2 per cent in 2020, compared to 11.4 per cent last year. The firm said this on Monday in…
Local Nigeria: EFCC Chair Magu Detained July 7, 2020 Ekemini FOR hours on Monday, Acting Chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu testified before a panel looking into allegations levelled against him by Attorney-General of the…
Local Nigeria: ‘There’s No Free Dollar In Edo’ – PDP Taunts Ganduje July 7, 2020 Ekemini The Peoples Democratic Party (PDP) has taunted Abdullahi Ganduje, governor of Kano state, over the jibe he threw at Nyesom Wike, governor of Rivers state. Ganduje, head of APC national…
Africa Border Closure: 3m Jobs Lost As Tough Times Hit Communities July 7, 2020 Ekemini Barely 10 months after closing Nigeria’s land borders over alleged security breaches and abuse of international trade facilitation procedure, the economy of border communities appears to have taken a turn…
Local Nigeria: Buhari Must Ask Magu To Step Aside Now For Investigation July 7, 2020 Ekemini The Peoples Democratic Party (PDP) has asked the President Muhammadu Buhari-led administration to show the genuineness of its war against corruption by allowing the unhindered investigation of the acting Chairman…
World Canada’s PM Trudeau rules out Washington meeting with Trump July 7, 2020 Ekemini Canadian Prime Minister Justin Trudeau will not visit Washington with Mexico’s president this week to celebrate a new North American trade deal, his office said Monday. The statement came after…
Banking China Imposes Checks On Large Transactions After Bank Runs July 7, 2020 Ekemini China imposed a program to keep large transactions in check amid heightened concerns over the state of its financial system as bad debt balloons in the wake of the coronavirus…
World Back To Work? Not Without A Check-In App, Immunity Passport July 7, 2020 Ekemini To go anywhere in Singapore these days, Joni Sng needs mobile phone apps and other technologies: a QR code to enter shops, a digital map to see how crowded a…
Business World Oil Mixed On Tighter Supply, Surge In U.S. Virus Cases July 7, 2020 Ekemini Oil prices were mixed on Monday, with Brent crude edging higher, supported by tighter supplies and positive economic data, while U.S. benchmark WTI futures dropped on concern that a spike…
Business Local Analysts Predict Outlook For Naira As Forex Unification Plans Gain Momentum July 7, 2020 Ekemini The exchange rate between the naira and dollar may move in the positive for Nigeria’s local currency, according to views of a cross section of traders and analysts interviewed by…
World Coronavirus: How ‘Immunity Passports’ Could Create An Antibody Elite July 7, 2020 Ekemini Governments around the world are testing citizens for coronavirus antibodies, to work out whether people have had the deadly Covid-19 disease. Some countries are setting up so-called “immunity passports” and…
Business Oil Producers Will Fight For Market Share As Consumption Growth Slows: Kemp July 7, 2020 Ekemini Petroleum consumption growth has been slowing for decades and the industry shows increasing signs of maturity, which will have profound implications for the business strategies of oil-producing companies and countries.…
World GSK, Sanofi to agree $624 million deal with UK for COVID-19 vaccine July 7, 2020 Ekemini British and French pharmaceutical giants, GlaxoSmithKline (GSK) and Sanofi are close to reaching a $624 million (500 million pounds) deal with the United Kingdom (UK) government for the supply of…
Business China Waves The Green Flag For FX Bulls July 6, 2020 Ekemini The Chinese yuan led commodity currencies higher against the dollar on Monday as investors lapped up risky assets on growing expectations of a strong Chinese economic rebound. An index of…
Business Sterling Falls Vs Euro, Steady Vs Dollar; Support Measures In Focus July 6, 2020 Ekemini The pound fell against the euro and held steady against the U.S. dollar, as traders looked ahead to this month’s Brexit negotiations and more government support measures expected later this…
Local FG To Resume Third Mainland Bridge Repairs July 6, 2020 Ekemini The Federal Controller of Works in Lagos, Mr Olukayode Popoola, on Monday said consultations were on for another phase of repair works to begin on the Third Mainland Bridge. Popoola…
Business Local Nigeria: ASHON To Harmonize Members’ Trading On FMDQ, NASD, LCFE July 6, 2020 Ekemini Barring unforeseen circumstances, there are strong indications that Association of Securities Dealing Houses of Nigeria (ASHON) has stepped up an arrangement to ensure that its members trade on all the…
Banking Business Nigeria: OPS Backs CBN On Exchange Rates’ Unification July 6, 2020 Ekemini The Organised Private Sector (OPS) has commended the recent step by the Central Bank of Nigeria (CBN) towards unifying the exchange rate by adjusting the rate at the official Secondary…
