Sterling, Lifted By Weaker Dollar, Pushes To Near Five-Month High
Lacking any significant drivers of its own, sterling was pushed up by a broadly weaker U.S. dollar on Monday, as…
Month: July 2020
ABCON: Reopening BDC Window Will Crash Exchange Rate Spike
The Association of Bureau De Change Operators of Nigeria (ABCON) says reopening the bureau de change window for foreign exchange…
CAC Adopts Electronic Distribution Of Company Certificates
As from August 10, 2020, the Corporate Affairs Commission [CAC] will commence full implementation of an electronic system for company…
Wall St. Climbs On Stimulus, Dovish Fed Bets Ahead Of Earnings Rush
U.S. stocks rose on Monday after a two-day slide, as investors shrugged off surging COVID-19 cases and U.S.-China tensions, betting…
Non-Oil Export Earnings Rise To $1.21bn
Non-oil export earnings through banks rose to $1.21bn in the first quarter of 2020. The Central Bank of Nigeria disclosed…
UK Court Declares Nigerian Fraudster Deportation Illegal, Orders For His Return
A United Kingdom court has ordered the UK Home Office to pay for and facilitate the return of a Nigerian…
Lockdown, FX Scarcity Scare Take Toll On Economy
Scarcity of forex occasioned by the fall in the prices crude oil in the international market, Nigeria’s main export and…
Black And Ethnic Minority People Could Feature On British Money
Black and ethnic minority figures are set to feature on British currency for the first time, with Gurkha heroes and…
Nigeria: CAC Insists On Courier Delivery Of Certificates
The Registrar General Corporate Affairs Commission (CAC) Garba Abubakar at the weekend stated the commission has begun the use of…
Nigeria: What To Expect From The Markets This Week – 270720
Global Economy After more than four days of negotiations, European Union (EU) leaders finally agreed on a landmark stimulus package…
How Billion-Dollar Crypto Scams Lure Victims
In the past week, reports emerged that some key members of the Onecoin scam were found dead in Mexico. According…
Nigeria’s Petroleum Imports Exceeded Exports By $58.5bn — OPEC
The value of petroleum imports into Nigeria exceeded the value of exports by $58.5bn within a five-year period, the latest…
Nigeria: NLC Rejects 6% Tax On Tenancy And Lease Agreements
The leadership of the Nigeria Labour Congress (NLC) has described the decision of the Federal Government to impose a six…
Emirates Tries a New Tactic to Fill Planes: Cover Medical Costs
Emirates has come up with a unique way to boost confidence in air travel. The Dubai-based carrier on Thursday offered…
Buhari Challenges Nigerians In Diaspora On Economic Recovery As Remittance Inflows Hit $25bn
President Muhammadu Buhari has urged Nigerians in the Diaspora to actively participate in the country’s Post-COVID-19 economic recovery efforts. A…
Euro Skeptics Are Now Believers And It’s Driving Markets Higher
European unity is fueling a rally across markets in the region Goldman says Europe’s stocks will outperform against the U.S.…
Gunmen in Nigeria Seize 4 Chinese Nationals, Kill Police Guard
Gunmen in Nigeria’s southeastern Cross River state seized four Chinese nationals working in a construction company and killed their guard,…
Dollar Is Losing Its Luster With Investors Lining Up to Go Short
American real money managers turn bearish: Standard Chartered Greenback is sliding as U.S. exceptionalism wanes: QIC After rocketing higher in…
Nigeria: LCCI, Expert Worry As Debt Profile Rises By 127%
Stakeholders in the economy have expressed worry over the capacity of the country to service its rising debt profile. In…
2021 Hajj – NAHCON To Begin Registration Of Intending Pilgrims September 9
The Chairman of the National Hajj Commission of Nigeria (NAHCON), Zikrullah Hassan, has announced September 9, as commencement date for…
FG Has No Business In Direct Construction Of Houses For Nigerians — Odusolu
A real estate and property development expert, Babajide Odusolu has said that the Federal Government has no business engaging in…
Naira Remains Under Pressure, Slides to N580 Against British Pound
Naira Slides to N580 Against British Pound, Remains Under Pressure Naira continues its downward trend against global counterparts this week…
Nigeria: Residents Kick As Lagos Bus Service Announces 46% Fare Increase Amid Coronavirus Scare
Some residents of the state, who spoke with SaharaReporters, said it was unfair for the service to increase prices and…
Euro’s Strength May Just Be Prelude To A Big Trend In The Making
Market rush to unwind short positions evident via option bets Commercial trader positioning suggests further gains ahead The forces behind…
Nigeria: Lagos Govt Seals 13 Banks, 30 Buildings On Airport Road, Gives Reason
The Lagos State Ministry of Physical Planning and Urban Development has sealed 43 buildings on Airport Road. The Commissioner of…
Ethiopian Welcomes Back Customers
Ethiopian Airlines has said during the pandemic, it was the go-to airline for essential travel, repatriation flights and airlift of…
Cryptocurrency Use In Africa ‘Growing Very Rapidly’, Says Exchange CEO
Crypto adoption in Africa is lead by Nigeria, South Africa, Kenya and Ghana Crypto volume in Africa reached $16 million…
Citizenship-By-Investment Firm Opens New Office in Nigeria
Passport Legacy, a leading citizenship-by-investment and residence-by-Investment advisory firm with its global headquarters in Dubai, United Arab Emirate (U.A.E), has…
Sterling Set For Best Week Vs Dollar Since Early June
The pound was broadly steady against the dollar and edged up versus the euro on Friday, little moved by better-than-expected…
Airport Concession As Catalyst For Development
Aviation industry stakeholders have posited that concession is the only choice government have to attract private funds for the development…