Banks, Other Lenders Urged To Finance Africa’s Economy
The Group Chief Executive Officer, United Capital Plc, Mr. Peter Ashade, has called on financial institutions to develop innovative home-grown…
Month: July 2020
Nigeria’s Foreign Reserves Fell By $373.23m In June
The country’s foreign reserves fell by $373.23m from $36.57bn on June 1 to $36.2bn on June 29, latest figures from…
Stamp Duty As New Black Gold in Nigeria
This matter of making the Stamp Duty (and by implication tax revenue) the next black gold has occupied my mind…
Nigeria: Domestic Debt Servicing Gulps N609.13b In Q1 2020
The Federal Government has spent N609.135 billion to service domestic debt in the first quarter of 2020. The Debt Management…
British Pound Heads For First Weekly Win Against Dollar In Four
Sterling was headed for its first positive week in four against the dollar on Friday, holding close to the $1.25…
Multi-Strategy Hedge Funds Post Double-Digit Gains
Multi-strategy hedge funds have made massive gains in the first six months of the year aided by the Federal Reserve’s…
Pump Or Dump? With Oil In Decline, Africa Ponders Its Energy Future
As the COVID-19 pandemic bashes economies and demand for oil, many African nations dependent on exporting fossil fuels are “haemorrhaging”…
Boeing Communications Chief Resigns Over Decades-old Article On Women In Combat
Boeing Co’s (BA.N) communications chief Niel Golightly abruptly resigned on Thursday, following an employee’s complaint over an article the former…
JPMorgan Drops Terms ‘master,’ ‘slave’ From Internal Tech Code And Materials
JPMorgan Chase & Co (JPM.N) is eliminating terms like “blacklist,” “master” and “slave” from its internal technology materials and code…
Wall Street Shifts Bets To Big Pharma As COVID-19 Vaccine Race Progresses
Wall Street is moving some bets on COVID-19 vaccines to large pharmaceutical companies with robust manufacturing capabilities, signaling that…
Spain’s Banks Look To Make Lockdown Branch Closures Permanent
As Spain reopens after the COVID-19 crisis, its banking industry is seizing the opportunity to shrink its swollen branch network…
Merkel Makes First Masked Appearance To Ward Off Criticism
German Chancellor Angela Merkel made her first public appearance wearing a mask on Friday after dismissing accusations of hypocrisy earlier…
Eco Common Currency And Gulf Between
If it goes according to schedule, the currency of the West African Economic and Monetary Union (UEMOA) since 1945, the CFA…
Lockdown Ends In Nigeria’s Kano, Where Coronavirus Killed Hundreds
The Nigerian state of Kano ended its novel coronavirus lockdown on Thursday, the local ministry of health said, months after…
Beaches Beckon As England To End Quarantine For More Than 50 Countries
England’s coronavirus quarantine rules for more than 50 countries including Germany, France, Spain and Italy is to end, the British…
US Buys Nearly All stocks Of COVID-19 Drug Remdesivir
The United States Department of Health services has bought nearly all the supply of breakthrough COVID-19 drug Remdesivir for itself.…
How New Safety Protocol Changed Air Travel Dynamics
The coronavirus pandemic has changed the air travel dynamics. Air travellers, either on local or international trips, will now have…
Nigeria: ‘Domestic Debt Servicing Gulps N609.13b In Q1’
The Federal Government has spent N609.135 billion to service domestic debt in the first quarter of 2020. The Debt Management…
Naira Gains Against The Dollar Across Forex Markets As Liquidity Hits Record Increase
At the black market, the naira appreciated marginally by N1 to a dollar to close at N461 to a dollar.…
Fed Government Secures Release Of 36 Nigerians ‘Caught Entering Ghana Illegally’
The federal government says it secured the release of 36 Nigerians “caught entering Ghana illegally”. But there are reports suggesting…
Unlocking Nigeria’s Economic Possibilities Via Gas Infrastructure
With proven reserves now at 203.16 trillion cubic feet (tcf), natural gas is one of the hydrocarbons Nigeria has in…
Nigeria H2 2020 Outlook: Up In The Air
In January 2020, we estimated that better trade terms between the US and China, improved clarity on the UK-EU economic…
Petrol Sold To Nigeria From Europe ‘Dirtier’ Than Black Market ‘Bush’ Fuel
Black market fuel made from stolen oil in rudimentary “bush” refineries hidden deep in the creeks and swamps of the…
Canada Resumes Visitor Visa And ETA Processing July 1
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…
‘In Nigeria Race Wasn’t A Thing. Kildare Was A Shocker’
When Tobi Omoteso moved to Kildare with his family he felt different for the first time in his life. The Nigerian schoolboy…
UK New Money Transfer Rules You’ll Have To Follow From 30 June
Transferring money from your bank account to friends, family and other payees is going to change slightly from the end…
Nigeria: Concerns Mount In Niger Delta Over Marginal Fields Bid Round
As the federal government opens the second bid round for marginal fields, Niger Delta stakeholders are raising concerns over what…
Nigerian Banks’ Forex Shortage To Hit $5bn
Nigerian banks’ foreign currency funding gap will rise to $5bn over the current low oil prices, volatile foreign inflows and…
Boxer Trafficked As A Child Wins Right To Stay In The UK After 16 Years
A former England boxer who was trafficked from Nigeria as a child and forced into domestic servitude has won the…
Over 3,000 Nigerians Deported From U.S. In 15 Years For Crime
With a streak of stepped-up enforcement policy on immigration reduction for 15 years, the United States has deported about 3,019…