Banking Business Local Banks, Other Lenders Urged To Finance Africa’s Economy July 3, 2020 Ekemini The Group Chief Executive Officer, United Capital Plc, Mr. Peter Ashade, has called on financial institutions to develop innovative home-grown financing solutions to support economies in Africa in order to…
Local Nigeria’s Foreign Reserves Fell By $373.23m In June July 3, 2020 Ekemini The country’s foreign reserves fell by $373.23m from $36.57bn on June 1 to $36.2bn on June 29, latest figures from the Central Bank of Nigeria revealed on Thursday. According to…
Features Local Stamp Duty As New Black Gold in Nigeria July 3, 2020 Ekemini This matter of making the Stamp Duty (and by implication tax revenue) the next black gold has occupied my mind even long before I was appointed the Executive Chairman of…
Local Nigeria: Domestic Debt Servicing Gulps N609.13b In Q1 2020 July 3, 2020 Ekemini The Federal Government has spent N609.135 billion to service domestic debt in the first quarter of 2020. The Debt Management Office (DMO) released this figure yesterday in Abuja. According to…
Banking Investing World British Pound Heads For First Weekly Win Against Dollar In Four July 3, 2020 Ekemini Sterling was headed for its first positive week in four against the dollar on Friday, holding close to the $1.25 mark as a week of negotiations between Britain and the…
Investing World Multi-Strategy Hedge Funds Post Double-Digit Gains July 3, 2020 Ekemini Multi-strategy hedge funds have made massive gains in the first six months of the year aided by the Federal Reserve’s efforts to prop up financial markets, according to the Financial…
Africa Pump Or Dump? With Oil In Decline, Africa Ponders Its Energy Future July 3, 2020 Ekemini As the COVID-19 pandemic bashes economies and demand for oil, many African nations dependent on exporting fossil fuels are “haemorrhaging” cash, African energy experts warned this week. The crisis –…
Business World Boeing Communications Chief Resigns Over Decades-old Article On Women In Combat July 3, 2020 Ekemini Boeing Co’s (BA.N) communications chief Niel Golightly abruptly resigned on Thursday, following an employee’s complaint over an article the former U.S. military pilot wrote 33 years ago arguing women should…
Breaking Business World JPMorgan Drops Terms ‘master,’ ‘slave’ From Internal Tech Code And Materials July 3, 2020 Ekemini JPMorgan Chase & Co (JPM.N) is eliminating terms like “blacklist,” “master” and “slave” from its internal technology materials and code as it seeks to address racism within the company, said…
Investing World Wall Street Shifts Bets To Big Pharma As COVID-19 Vaccine Race Progresses July 3, 2020 Ekemini Wall Street is moving some bets on COVID-19 vaccines to large pharmaceutical companies with robust manufacturing capabilities, signaling that a love affair with small biotech firms might be ending after…
Banking World Spain’s Banks Look To Make Lockdown Branch Closures Permanent July 3, 2020 Ekemini As Spain reopens after the COVID-19 crisis, its banking industry is seizing the opportunity to shrink its swollen branch network which has long been a drag on profitability, with just…
World Merkel Makes First Masked Appearance To Ward Off Criticism July 3, 2020 Ekemini German Chancellor Angela Merkel made her first public appearance wearing a mask on Friday after dismissing accusations of hypocrisy earlier this week for not wearing one. Merkel entered the Bundesrat,…
Africa Banking Eco Common Currency And Gulf Between July 3, 2020 Ekemini If it goes according to schedule, the currency of the West African Economic and Monetary Union (UEMOA) since 1945, the CFA franc, would have ceased being a legal tender by…
Local Lockdown Ends In Nigeria’s Kano, Where Coronavirus Killed Hundreds July 3, 2020 Ekemini The Nigerian state of Kano ended its novel coronavirus lockdown on Thursday, the local ministry of health said, months after an outbreak of what was originally called a “mysterious disease”…
World Beaches Beckon As England To End Quarantine For More Than 50 Countries July 3, 2020 Ekemini England’s coronavirus quarantine rules for more than 50 countries including Germany, France, Spain and Italy is to end, the British government said on Friday, allowing millions of holidaymakers to head…
Breaking World US Buys Nearly All stocks Of COVID-19 Drug Remdesivir July 3, 2020 Ekemini The United States Department of Health services has bought nearly all the supply of breakthrough COVID-19 drug Remdesivir for itself. Due to this, the rest of the world is left…
Business How New Safety Protocol Changed Air Travel Dynamics July 3, 2020 Ekemini The coronavirus pandemic has changed the air travel dynamics. Air travellers, either on local or international trips, will now have to sacrifice all forms of comfort to move from point…
Business Local Nigeria: ‘Domestic Debt Servicing Gulps N609.13b In Q1’ July 3, 2020 Ekemini The Federal Government has spent N609.135 billion to service domestic debt in the first quarter of 2020. The Debt Management Office (DMO) released this figure yesterday in Abuja. According to…
Banking Business Naira Gains Against The Dollar Across Forex Markets As Liquidity Hits Record Increase July 3, 2020 Ekemini At the black market, the naira appreciated marginally by N1 to a dollar to close at N461 to a dollar. Forex turnover at the Investor and Exporters (I&E) window had…
Local Fed Government Secures Release Of 36 Nigerians ‘Caught Entering Ghana Illegally’ July 2, 2020 Ekemini The federal government says it secured the release of 36 Nigerians “caught entering Ghana illegally”. But there are reports suggesting that the Nigerian citizens were arrested illegally by Ghanaian authorities.…
Business Local Unlocking Nigeria’s Economic Possibilities Via Gas Infrastructure July 2, 2020 Ekemini With proven reserves now at 203.16 trillion cubic feet (tcf), natural gas is one of the hydrocarbons Nigeria has in abundance, yet under-utilised and equally flared. While the challenges are…
Business Local Nigeria H2 2020 Outlook: Up In The Air July 2, 2020 Ekemini In January 2020, we estimated that better trade terms between the US and China, improved clarity on the UK-EU economic ties, as well as an accommodative monetary policy stance by…
Business Local Petrol Sold To Nigeria From Europe ‘Dirtier’ Than Black Market ‘Bush’ Fuel July 2, 2020 Ekemini Black market fuel made from stolen oil in rudimentary “bush” refineries hidden deep in the creeks and swamps of the Niger delta is less polluting than the highly toxic diesel…
World Canada Resumes Visitor Visa And ETA Processing July 1 July 2, 2020 Ekemini Canada is once again processing online applications for visitor visas and electronic travel authorizations as of July 1. Though travel restrictions still apply, Immigration, Refugees and Citizenship Canada (IRCC) is…
Features ‘In Nigeria Race Wasn’t A Thing. Kildare Was A Shocker’ July 2, 2020 Ekemini When Tobi Omoteso moved to Kildare with his family he felt different for the first time in his life. The Nigerian schoolboy had already spent a year living in the…
Banking Tips World UK New Money Transfer Rules You’ll Have To Follow From 30 June July 2, 2020 Ekemini Transferring money from your bank account to friends, family and other payees is going to change slightly from the end of this month, as part of new anti-fraud safety measures.…
Business Local Nigeria: Concerns Mount In Niger Delta Over Marginal Fields Bid Round July 2, 2020 Ekemini As the federal government opens the second bid round for marginal fields, Niger Delta stakeholders are raising concerns over what they called an imminent breach of former President Umaru Yar’Adua’s…
Banking Local Nigerian Banks’ Forex Shortage To Hit $5bn July 2, 2020 Ekemini Nigerian banks’ foreign currency funding gap will rise to $5bn over the current low oil prices, volatile foreign inflows and lower remittances amid coronavirus pandemic, Moody’s Investors Service said on…
Features Boxer Trafficked As A Child Wins Right To Stay In The UK After 16 Years July 2, 2020 Ekemini A former England boxer who was trafficked from Nigeria as a child and forced into domestic servitude has won the right to remain in Britain after a 16-year legal battle.…
Features Over 3,000 Nigerians Deported From U.S. In 15 Years For Crime July 2, 2020 Ekemini With a streak of stepped-up enforcement policy on immigration reduction for 15 years, the United States has deported about 3,019 Nigerians after being convicted of a state crime, latest data…
