Features Local 172 Nigerians Evacuated From Uganda, Kenya Arrive In Abuja July 2, 2020 Ekemini The Nigerians in Diaspora Commission (NiDCOM) says 172 Nigerian evacuated from Uganda and Kenya arrived at the Nnamdi Azikiwe International Airport, Abuja at about 10:20 am local time on Wednesday.…
Local Nigeria To Restart Domestic Flights July 8 In Easing Of Coronavirus Curbs July 2, 2020 Ekemini Nigeria will resume domestic flights from July 8, the government said on Wednesday, as Africa’s most populous country relaxes novel coronavirus restrictions despite mounting cases and deaths. The airports for…
Local Nigeria: Court Orders Forfeiture Of 46 Houses, Land Linked To Ex-NSITF Boss, Olejeme July 2, 2020 Ekemini The Abuja division of the Federal High Court, Abuja, yesterday granted an order of interim forfeiture in relation to 46 property, including houses and parcels of land, traced to a…
Banking Local Moody’s – Nigerian Banks To Face Pressure With Reduced Dollar Deposit July 2, 2020 Ekemini Banks in Nigeria are facing foreign currency shortages because of low oil prices, volatile foreign inflows and lower remittances amid the pandemic, threatening to renew foreign currency liquidity pressures that…
Local Interstate Travel – Passengers Groan As Transporters Increase Fares In Enugu July 2, 2020 Ekemini Some passengers travelling outside Enugu State on Wednesday groaned as transporters increased transportation fares, following the lifting of the ban on interstate travel by the Federal Government. Some passengers who…
Business Local Nigeria: Senate Summons Ahmed, Emefiele, Others Over Expatriate Tax Evasion July 2, 2020 Ekemini The Senate on Wednesday summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed, and the Governor of the Central Bank of Nigeria, Godwin Emefiele, to brief it on…
World Dollar Falls To One-Week Lows On Data Hopes July 2, 2020 Ekemini The U.S. dollar slipped to a one-week low against its rivals on Thursday as upbeat U.S. and European economic data sharpened risk appetite, with hopes for a COVID-19 vaccine breakthrough…
Local World EU Opens Borders To 15 Countries, Excludes Nigeria, Others July 2, 2020 Ekemini The Council of the European Union has opened its borders to 15 countries, excluding Nigeria. According to information gathered from the EU website, Nigeria is still not a part of…
World Air Cargo Demand Surges Amid Global Capacity Crunch July 2, 2020 Ekemini As world airlines gradually return to operations after the coronavirus-induced lockdown, demand in air cargo is also beginning to improve despite subsisting capacity crunch. The International Air Transport Association (IATA)…
Business Local INSIGHT: Tax Revenue Mobilization In Nigeria July 1, 2020 Ekemini Adeniyi Adeyemi and Adedapo Adeduro of KPMG Nigeria consider the low level of tax compliance in Nigeria and make the case for further collaboration between taxpayers and the Nigerian government,…
Banking Business Sterling Steadies As Survey Shows Nascent Manufacturing Recovery July 1, 2020 Ekemini Sterling hovered around $1.24 on Wednesday after manufacturing survey data pointed to a small increase in output after the historic collapse caused by the coronavirus. The Purchasing Managers Index survey…
Banking Local Nigeria: NASD Plc OTC To Enhance Capital Raising Capabilities July 1, 2020 Ekemini The Managing Director/CEO of NASD Plc, Mr. Bola Ajomale, has said the company, which is providing over-the-counter (OTC) market for the trading of securities not listed on the Nigerian Stock…
Local Nigeria: Aviation Workers Vow To Resist Airport Concession July 1, 2020 Ekemini Fault N1.7b consultation fee award Aviation workers yesterday rejected the planned concession of the big four airports in Lagos, Abuja, Port Harcourt and Kano, describing the processes as faulty and…
Technology London’s Canary Wharf Pioneers Seamless Wi-Fi Roaming July 1, 2020 Ekemini Residents and workers in London’s Canary Wharf will be able to experience superfast Wi-Fi broadband across the site without the hassle of logging into different networks thanks to the first…
Banking Local Naira Declines Against US Dollar, Remains Pressure Across FX Segments July 1, 2020 Ekemini Naira declined against the United States dollar on the Investors and Exporters’ forex window on Tuesday. The local currency depreciated by 50 kobo from N386 it traded against the US…
Business World Oil Prices Just Had Their Best Quarter In 30 Years — What’s Next? July 1, 2020 Ekemini Brent crude futures skyrocketed more than 80% in the second quarter. It was the international benchmark’s best quarterly performance since the third quarter of 1990, when it registered gains of…
Banking World Euro Is Riding A Wave Of Confidence On Europe Pandemic Response July 1, 2020 Ekemini The euro’s best rally in more than two years looks set to extend, with a host of market metrics reflecting growing confidence in Europe’s pandemic response. The currency completed its…
Banking Local Nigeria’s Economic Advisory Council Cautions Against Multiple Exchange Rate July 1, 2020 Ekemini The Presidential Economic Advisory Council, PEAC, yesterday, advised the Federal Government to move away from multiple exchange rates to a unified currency exchange rate. PEAC, in a statement issued by…
Africa Local Nigeria, Other African Oil Exporters’ll Lose $34bn – IMF July 1, 2020 Ekemini The impact of the COVID-19 pandemic is estimated to cost Nigeria and other oil exporters in Africa a total of about $34bn in revenue. According to the International Monetary Fund,…
World Dollar Steadies, Yen Gains; European Economic Data In Focus July 1, 2020 Ekemini Currency traders were broadly cautious in early London trading on Wednesday, with the Japanese yen seeing its first session of gains in more than a week, before key European and…
Local Actis-Backed African Education Group Acquires Nigerian University July 1, 2020 Ekemini A pan-African education group backed by global investment firm Actis has acquired its first university in Nigeria as it seeks to make inroads into Africa’s largest economy, its chief executive…
Business Local Nigeria: Chinese Bank, Sinosure To Fund $2.6bn Ajaokuta-Kano Pipeline July 1, 2020 Ekemini The Bank of China and Sinosure, a Chinese export and credit insurance corporation, are to fund the $2.6bn Ajaokuta-Kaduna-Kano gas pipeline, the Federal Government said on Tuesday. Also, two Chinese…
World The Toxic Legacy Of 60 Years Of Abundant Oil July 1, 2020 Ekemini It’s one of the most polluted spots on Earth, and prospects of a turnaround only get worse as Covid-19 guts a global industry. Bank supervisor Johnson Banigo avoids wearing light-colored…
Local Buhari Tasks Economic Council To Do More To Develop Nigeria July 1, 2020 Ekemini The Presidential Economic Advisory Council (PEAC) was on Tuesday directed to develop more strategies that will put the country on a sound economic lever. President Muhammadu Buhari gave the directive…
Local Nigeria’s Airports To Reopen When Safe – NCAA July 1, 2020 Ekemini The approval by the Federal Government for the resumption of domestic flights will only be given when it is safe to open the airports and airspace to commercial operations, the…
Banking Local Central Bank Of Nigeria: Leveraging I&E Window For Exchange Rate Stability July 1, 2020 Ekemini Having successfully used the Investors and Exporters’ (I&E) foreign exchange window to stop the naira from crashing to a record low three years ago, the Central Bank of Nigeria (CBN)…
Business Facebook Frustrates Advertisers As Boycott Over Hate Speech Kicks Off July 1, 2020 Ekemini Advertisements for more than 400 brands including Coca-Cola and Starbucks are due to vanish from Facebook on Wednesday, after the failure of last-ditch talks to stop a boycott over hate…
