Sterling Rises As Dollar Weakens, Approaching $1.30
Sterling benefited as the dollar weakened, rising 0.3%, but was flat against the euro on Wednesday, as the impression grew…
Month: July 2020
Canada And Nigeria Working To Combat Migrant Smuggling, Human Trafficking And Irregular Migration
OTTAWA, ON, July 29, 2020 /CNW/ – The Honourable Marco E. L. Mendicino, Minister of Immigration, Refugees and Citizenship, today reaffirmed Canada’s commitment to…
CBN Holds N900b Customers’ Deposits With Banks
The Central Bank of Nigeria (CBN) has been holding on to N900 billion of lenders’ deposits as Cash Reserve Ration…
UN Report Finds Migrants Face Violence
A new U.N. refugee agency report on migrants who braved long and often-deadly land routes to Libya has found that…
Netherlands, Switzerland To Repatriate $200m Malabu Deal Cash
Nigeria is awaiting the return of $200m from the Netherlands and Switzerland from the Oil Prospecting Licence 245 deal, the…
FG Repatriates 289 Nigerians In 4th Evacuation Flight
The Federal Government has evacuated 289 more Nigerians stranded in the United States due to coronavirus-related border closure. An Ethiopian…
Burden of Nigeria’s population explosion
A fresh warning by the National Population Commission that the prolonged closure of schools occasioned by the Covid-19 pandemic may…
The Nigeria Blockchain Association Moves To Further Sanitize As Crypto Scams Escalate In Nigeria
Despite frequent and consisten warnings, ignorance and greed continue to sustain cryptocurrency scams in Nigeira, according to the Nigeria Blockchain…
Nigeria: Pay Stranded Students Tuition Fees Abroad
The Chairman of Nigerians in Diaspora Commission (NiDCOM), Mrs Abike Dabiri-Erewa, has appealed to the Niger Delta Development Commission (NDDC)…
Third Mainland Bridge Available For Use At Peak Periods
The Federal Ministry of Works and Housing has advised motorists to use the open lanes of the Third Mainland Bridge…
International Flights: Passengers Coming Into Nigeria Will Undergo COVID-19 Test
The Chairman, Presidential Task Force (PTF) on COVID-19, Mr Boss Mustapha, says inbound passengers from foreign trips will henceforth be…
Nigeria Grapples With Surge In Job-Seekers Amid Pandemic Turmoil
Unemployment is expected to rise to 33.6% by end of the year Information technology and telecoms among top hiring sectors…
Banks’ Non-Performing Loans Now N1.2tn – CBN
Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the Central Bank…
Nigeria: FG Clears Benin, Jos, Sokoto Airports For Flight Operations
The Federal Government has cleared another four airports to resume commercial flight operations in line with the COVID-19 safety and…
Nigeria Declares Thursday, Friday Public Holidays For Eid-El-Kabir
The Nigerian Government has declared Thursday 30 and Friday 31 July 2020 as public holidays to mark this year’s Eid-el-Kabir…
Nigeria Dollar Shortage Puts Pressure On Black-Market Rate
Nigeria’s dollar shortage is worsening, with the local currency weakening in the parallel market and banks restricting the ability of…
Nigeria Sets Up Committee On Resumption Of International Flights
Minister of Aviation Hadi Sirika Monday said the Nigerian Government has inaugurated the National Air Transport Facilitation Committee to review…
Bribery Fuelled By Drive To Stamp Out Corruption, Nigeria Study Finds
In an outstanding example of the law of unintended consequences, anti-corruption campaigns costing millions of pounds are making people more…
Euro Jumps, Dollar Hurt By Coronavirus Spread
The dollar tumbled to an almost two-year low against the euro on Monday on concerns about a growing number of…
UK Advises Against All Non-Essential Travel To Spain’s Balearic And Canary Islands
Britain’s Foreign Office is extending its advice against all non-essential travel to mainland Spain to include the Balearic and Canary…
Nigeria: Naira Weakens Further Despite CBN’s Intervention
Naira depreciated to new lows across many markets as continuing Central Bank of Nigeria (CBN)’s intervention failed to stem the…
Bigotry Against Black People Poisons The Arab World
Day after day, week after week, the cars pulled up outside the Ethiopian embassy in Beirut and ejected their passengers: tired-looking…
How To Crash Naira Exchange Rate
The Association of Bureau De Change Operators of Nigeria (ABCON) says reopening of the BDC window would crash the spike…
Virus Takes Toll On Cargo Import Volume
The economic effects of the novel coronavirus (COVID-19) may begin to manifest in the maritime space sooner than later. This…
Evolution Of Digital Currency And Future Of Naira
The 21st century has witnessed a major rise in digital technology as life and living are integrated and made easier…
Nigeria:How To Curb Nigeria, Others’ Rising Illicit Financial Flows – Experts
Some experts have listed steps that needed to be taken by governments in developing economies, including Nigeria, to tackle the…
Nigeria: Operatives Seek Revival Of Nigeria’s Steel Industry
To ensure the stability of buildings and curb incidences of building collapse, eggheads in the construction industry have called for…
Nigeria to allow would-be graduates back to school despite spreading COVID19
Nigeria will allow schools to reopen for pupils due to take graduation exams, a presidential aide said on Monday, reviving…
Panel Led By Ex-Irish President Clears Akinwumi Adesina Of All Allegations
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.