Business Sterling Rises As Dollar Weakens, Approaching $1.30 July 30, 2020 Ekemini Sterling benefited as the dollar weakened, rising 0.3%, but was flat against the euro on Wednesday, as the impression grew that the rest of the world was handling the coronavirus…
World Canada And Nigeria Working To Combat Migrant Smuggling, Human Trafficking And Irregular Migration July 30, 2020 Ekemini OTTAWA, ON, July 29, 2020 /CNW/ – The Honourable Marco E. L. Mendicino, Minister of Immigration, Refugees and Citizenship, today reaffirmed Canada’s commitment to fighting human trafficking, migrant smuggling, and…
Business CBN Holds N900b Customers’ Deposits With Banks July 30, 2020 Ekemini The Central Bank of Nigeria (CBN) has been holding on to N900 billion of lenders’ deposits as Cash Reserve Ration (CRR) since January. By the CRR policy, banks have a…
Africa UN Report Finds Migrants Face Violence July 30, 2020 Ekemini A new U.N. refugee agency report on migrants who braved long and often-deadly land routes to Libya has found that government officials, such as border guards, police and soldiers, in…
Business Netherlands, Switzerland To Repatriate $200m Malabu Deal Cash July 30, 2020 Ekemini Nigeria is awaiting the return of $200m from the Netherlands and Switzerland from the Oil Prospecting Licence 245 deal, the Attorney-General of the Federation and Minister of Justice, Abubakar Malami,…
Local FG Repatriates 289 Nigerians In 4th Evacuation Flight July 30, 2020 Ekemini The Federal Government has evacuated 289 more Nigerians stranded in the United States due to coronavirus-related border closure. An Ethiopian Airlines plane conveying the evacuees took off from New Jersey…
Local Why Nigeria Exports Electricity To Benin, Niger July 29, 2020 Ekemini https://marketnewsng.com/wp-admin/index.php
Local Burden of Nigeria’s population explosion July 29, 2020 Ekemini A fresh warning by the National Population Commission that the prolonged closure of schools occasioned by the Covid-19 pandemic may lead to more girls dropping out of school, getting married…
Local The Nigeria Blockchain Association Moves To Further Sanitize As Crypto Scams Escalate In Nigeria July 29, 2020 Ekemini Despite frequent and consisten warnings, ignorance and greed continue to sustain cryptocurrency scams in Nigeira, according to the Nigeria Blockchain Association (SiBAN). Speaking to Bitcoin.com, the Secretary General of SiBAN…
Local Nigeria: Pay Stranded Students Tuition Fees Abroad July 29, 2020 Ekemini The Chairman of Nigerians in Diaspora Commission (NiDCOM), Mrs Abike Dabiri-Erewa, has appealed to the Niger Delta Development Commission (NDDC) to pay the allowances, tuition fees and other incentives of…
Local Third Mainland Bridge Available For Use At Peak Periods July 29, 2020 Ekemini The Federal Ministry of Works and Housing has advised motorists to use the open lanes of the Third Mainland Bridge as they would be available during peak hours both in…
Local International Flights: Passengers Coming Into Nigeria Will Undergo COVID-19 Test July 29, 2020 Ekemini The Chairman, Presidential Task Force (PTF) on COVID-19, Mr Boss Mustapha, says inbound passengers from foreign trips will henceforth be tested for COVID-19 on arrival at the Nigeria airports. Mustapha,…
Local Nigeria Grapples With Surge In Job-Seekers Amid Pandemic Turmoil July 29, 2020 Ekemini Unemployment is expected to rise to 33.6% by end of the year Information technology and telecoms among top hiring sectors The number of people looking for employment through Nigeria’s biggest…
Banking Business Banks’ Non-Performing Loans Now N1.2tn – CBN July 29, 2020 Ekemini Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the Central Bank of Nigeria on Monday. This amounted to about 6.4 per…
Local Nigeria: FG Clears Benin, Jos, Sokoto Airports For Flight Operations July 29, 2020 Ekemini The Federal Government has cleared another four airports to resume commercial flight operations in line with the COVID-19 safety and security protocols. The Minister of Aviation, Hadi Sirika, made the…
Breaking Local Nigeria Declares Thursday, Friday Public Holidays For Eid-El-Kabir July 28, 2020 Ekemini The Nigerian Government has declared Thursday 30 and Friday 31 July 2020 as public holidays to mark this year’s Eid-el-Kabir celebration. Nigeria’s interior minister Rauf Aregbesola made the announcement in…
Business Local Nigeria Dollar Shortage Puts Pressure On Black-Market Rate July 28, 2020 Ekemini Nigeria’s dollar shortage is worsening, with the local currency weakening in the parallel market and banks restricting the ability of customers to spend greenbacks abroad using naira cards. The naira’s…
Local Nigeria Sets Up Committee On Resumption Of International Flights July 28, 2020 Ekemini Minister of Aviation Hadi Sirika Monday said the Nigerian Government has inaugurated the National Air Transport Facilitation Committee to review the guidelines for the reopening of the country’s airports to…
Local Bribery Fuelled By Drive To Stamp Out Corruption, Nigeria Study Finds July 28, 2020 Ekemini In an outstanding example of the law of unintended consequences, anti-corruption campaigns costing millions of pounds are making people more likely to offer bribes, studies in Nigeria have shown. Research…
Business Euro Jumps, Dollar Hurt By Coronavirus Spread July 28, 2020 Ekemini The dollar tumbled to an almost two-year low against the euro on Monday on concerns about a growing number of coronavirus cases in the United States, and before the Federal…
World UK Advises Against All Non-Essential Travel To Spain’s Balearic And Canary Islands July 28, 2020 Ekemini Britain’s Foreign Office is extending its advice against all non-essential travel to mainland Spain to include the Balearic and Canary Islands from July 27 “based on the current assessment of…
Business Local Nigeria: Naira Weakens Further Despite CBN’s Intervention July 28, 2020 Ekemini Naira depreciated to new lows across many markets as continuing Central Bank of Nigeria (CBN)’s intervention failed to stem the fall of the Nigerian currency at the official and parallel…
Local World Bigotry Against Black People Poisons The Arab World July 28, 2020 Ekemini Day after day, week after week, the cars pulled up outside the Ethiopian embassy in Beirut and ejected their passengers: tired-looking black women, their modest possessions stuffed into cheap suitcases…
Local Opinion How To Crash Naira Exchange Rate July 28, 2020 Ekemini The Association of Bureau De Change Operators of Nigeria (ABCON) says reopening of the BDC window would crash the spike in Naira exchange rate. The President, Aminu Gwadabe, said this…
Business World Virus Takes Toll On Cargo Import Volume July 28, 2020 Ekemini The economic effects of the novel coronavirus (COVID-19) may begin to manifest in the maritime space sooner than later. This is premised on a development that has led to a…
Business Evolution Of Digital Currency And Future Of Naira July 28, 2020 Ekemini The 21st century has witnessed a major rise in digital technology as life and living are integrated and made easier by the evolving technology. The economic system was not left…
Business Nigeria:How To Curb Nigeria, Others’ Rising Illicit Financial Flows – Experts July 28, 2020 Ekemini Some experts have listed steps that needed to be taken by governments in developing economies, including Nigeria, to tackle the menace of illicit financial flows that had been undermining domestic…
Local Nigeria: Operatives Seek Revival Of Nigeria’s Steel Industry July 28, 2020 Ekemini To ensure the stability of buildings and curb incidences of building collapse, eggheads in the construction industry have called for the revival of Nigeria’s steel industry. The experts, which include…
Local Nigeria to allow would-be graduates back to school despite spreading COVID19 July 28, 2020 Ekemini Nigeria will allow schools to reopen for pupils due to take graduation exams, a presidential aide said on Monday, reviving a plan dropped earlier this month due to rising cases…
Africa Panel Led By Ex-Irish President Clears Akinwumi Adesina Of All Allegations July 28, 2020 Ekemini Akinwumi Adesina, president of the Africa Development Bank, has been exonerated of all whistleblower allegations by the independent review panel led by Mary Robinson, former president of Ireland.
