172 Nigerians Evacuated From Uganda, Kenya Arrive In Abuja
The Nigerians in Diaspora Commission (NiDCOM) says 172 Nigerian evacuated from Uganda and Kenya arrived at the Nnamdi Azikiwe International…
Month: July 2020
Nigeria To Restart Domestic Flights July 8 In Easing Of Coronavirus Curbs
Nigeria will resume domestic flights from July 8, the government said on Wednesday, as Africa’s most populous country relaxes novel…
Nigeria: Court Orders Forfeiture Of 46 Houses, Land Linked To Ex-NSITF Boss, Olejeme
The Abuja division of the Federal High Court, Abuja, yesterday granted an order of interim forfeiture in relation to 46 property,…
Moody’s – Nigerian Banks To Face Pressure With Reduced Dollar Deposit
Banks in Nigeria are facing foreign currency shortages because of low oil prices, volatile foreign inflows and lower remittances…
Interstate Travel – Passengers Groan As Transporters Increase Fares In Enugu
Some passengers travelling outside Enugu State on Wednesday groaned as transporters increased transportation fares, following the lifting of the ban…
Nigeria: Senate Summons Ahmed, Emefiele, Others Over Expatriate Tax Evasion
The Senate on Wednesday summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed, and the Governor of the…
Dollar Falls To One-Week Lows On Data Hopes
The U.S. dollar slipped to a one-week low against its rivals on Thursday as upbeat U.S. and European economic data…
EU Opens Borders To 15 Countries, Excludes Nigeria, Others
The Council of the European Union has opened its borders to 15 countries, excluding Nigeria. According to information gathered from…
Air Cargo Demand Surges Amid Global Capacity Crunch
As world airlines gradually return to operations after the coronavirus-induced lockdown, demand in air cargo is also beginning to improve…
INSIGHT: Tax Revenue Mobilization In Nigeria
Adeniyi Adeyemi and Adedapo Adeduro of KPMG Nigeria consider the low level of tax compliance in Nigeria and make…
Sterling Steadies As Survey Shows Nascent Manufacturing Recovery
Sterling hovered around $1.24 on Wednesday after manufacturing survey data pointed to a small increase in output after the historic…
Nigeria: NASD Plc OTC To Enhance Capital Raising Capabilities
The Managing Director/CEO of NASD Plc, Mr. Bola Ajomale, has said the company, which is providing over-the-counter (OTC) market for…
Nigeria: Aviation Workers Vow To Resist Airport Concession
Fault N1.7b consultation fee award Aviation workers yesterday rejected the planned concession of the big four airports in Lagos, Abuja, Port…
London’s Canary Wharf Pioneers Seamless Wi-Fi Roaming
Residents and workers in London’s Canary Wharf will be able to experience superfast Wi-Fi broadband across the site without the…
Naira Declines Against US Dollar, Remains Pressure Across FX Segments
Naira declined against the United States dollar on the Investors and Exporters’ forex window on Tuesday. The local currency depreciated…
Oil Prices Just Had Their Best Quarter In 30 Years — What’s Next?
Brent crude futures skyrocketed more than 80% in the second quarter. It was the international benchmark’s best quarterly performance…
Euro Is Riding A Wave Of Confidence On Europe Pandemic Response
The euro’s best rally in more than two years looks set to extend, with a host of market metrics reflecting…
Nigeria’s Economic Advisory Council Cautions Against Multiple Exchange Rate
The Presidential Economic Advisory Council, PEAC, yesterday, advised the Federal Government to move away from multiple exchange rates to a…
Nigeria, Other African Oil Exporters’ll Lose $34bn – IMF
The impact of the COVID-19 pandemic is estimated to cost Nigeria and other oil exporters in Africa a total of…
Dollar Steadies, Yen Gains; European Economic Data In Focus
Currency traders were broadly cautious in early London trading on Wednesday, with the Japanese yen seeing its first session of…
Actis-Backed African Education Group Acquires Nigerian University
A pan-African education group backed by global investment firm Actis has acquired its first university in Nigeria as it seeks…
Nigeria: Chinese Bank, Sinosure To Fund $2.6bn Ajaokuta-Kano Pipeline
The Bank of China and Sinosure, a Chinese export and credit insurance corporation, are to fund the $2.6bn Ajaokuta-Kaduna-Kano gas…
The Toxic Legacy Of 60 Years Of Abundant Oil
It’s one of the most polluted spots on Earth, and prospects of a turnaround only get worse as Covid-19 guts…
Buhari Tasks Economic Council To Do More To Develop Nigeria
The Presidential Economic Advisory Council (PEAC) was on Tuesday directed to develop more strategies that will put the country on…
Nigeria’s Airports To Reopen When Safe – NCAA
The approval by the Federal Government for the resumption of domestic flights will only be given when it is safe…
Central Bank Of Nigeria: Leveraging I&E Window For Exchange Rate Stability
Having successfully used the Investors and Exporters’ (I&E) foreign exchange window to stop the naira from crashing to a record…
Facebook Frustrates Advertisers As Boycott Over Hate Speech Kicks Off
Advertisements for more than 400 brands including Coca-Cola and Starbucks are due to vanish from Facebook on Wednesday, after the…