Business Sterling, Lifted By Weaker Dollar, Pushes To Near Five-Month High July 28, 2020 Ekemini Lacking any significant drivers of its own, sterling was pushed up by a broadly weaker U.S. dollar on Monday, as uncertainty over Brexit and Britain’s economic prospects kept most investors…
Business ABCON: Reopening BDC Window Will Crash Exchange Rate Spike July 28, 2020 Ekemini The Association of Bureau De Change Operators of Nigeria (ABCON) says reopening the bureau de change window for foreign exchange will crash the prevailing spike in the exchange rate. Aminu…
Local CAC Adopts Electronic Distribution Of Company Certificates July 28, 2020 Ekemini As from August 10, 2020, the Corporate Affairs Commission will commence full implementation of an electronic system for company registration.With the new development, companies’ registration certificates would henceforth be sent…
Investing World Wall St. Climbs On Stimulus, Dovish Fed Bets Ahead Of Earnings Rush July 27, 2020 Ekemini 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 instead on more stimulus and a dovish signal from the…
Business Non-Oil Export Earnings Rise To $1.21bn July 27, 2020 Ekemini Non-oil export earnings through banks rose to $1.21bn in the first quarter of 2020. The Central Bank of Nigeria disclosed this on Friday in its first quarter economic report, titled…
Local UK Court Declares Nigerian Fraudster Deportation Illegal, Orders For His Return July 27, 2020 Ekemini A United Kingdom court has ordered the UK Home Office to pay for and facilitate the return of a Nigerian man deported to Nigeria in March 2018. The man, granted…
Business Lockdown, FX Scarcity Scare Take Toll On Economy July 27, 2020 Ekemini Scarcity of forex occasioned by the fall in the prices crude oil in the international market, Nigeria’s main export and source of foreign exchange, have started taking toll on the…
Banking World Black And Ethnic Minority People Could Feature On British Money July 27, 2020 Ekemini Black and ethnic minority figures are set to feature on British currency for the first time, with Gurkha heroes and a wartime nurse among those being considered, it has been…
Local Nigeria: CAC Insists On Courier Delivery Of Certificates July 27, 2020 Ekemini The Registrar General Corporate Affairs Commission (CAC) Garba Abubakar at the weekend stated the commission has begun the use of courier services for delivery of certificates to customers. Garba disclosed…
Investing Local Nigeria: What To Expect From The Markets This Week – 270720 July 26, 2020 Ekemini Global Economy After more than four days of negotiations, European Union (EU) leaders finally agreed on a landmark stimulus package worth EUR750 billion (USD860 billion) to pull their economies out…
Business How Billion-Dollar Crypto Scams Lure Victims July 26, 2020 Ekemini In the past week, reports emerged that some key members of the Onecoin scam were found dead in Mexico. According to reports, the two Oscar Brito Ibarra and Ignacio Ibarra…
Business Nigeria’s Petroleum Imports Exceeded Exports By $58.5bn — OPEC July 26, 2020 Ekemini The value of petroleum imports into Nigeria exceeded the value of exports by $58.5bn within a five-year period, the latest figures from the Organisation of Petroleum Exporting Countries have shown.…
Local Nigeria: NLC Rejects 6% Tax On Tenancy And Lease Agreements July 26, 2020 Ekemini The leadership of the Nigeria Labour Congress (NLC) has described the decision of the Federal Government to impose a six per cent stamp duty on every tenancy and lease agreement…
Local Emirates Tries a New Tactic to Fill Planes: Cover Medical Costs July 26, 2020 Ekemini Emirates has come up with a unique way to boost confidence in air travel. The Dubai-based carrier on Thursday offered to cover the medical expenses of its passengers should they…
Local Buhari Challenges Nigerians In Diaspora On Economic Recovery As Remittance Inflows Hit $25bn July 26, 2020 Ekemini President Muhammadu Buhari has urged Nigerians in the Diaspora to actively participate in the country’s Post-COVID-19 economic recovery efforts. A statement by the President’s spokesman, Mr Femi Adesina, in Abuja…
Business Euro Skeptics Are Now Believers And It’s Driving Markets Higher July 26, 2020 Ekemini European unity is fueling a rally across markets in the region Goldman says Europe’s stocks will outperform against the U.S. Since the birth of the euro two decades ago, the…
Local Gunmen in Nigeria Seize 4 Chinese Nationals, Kill Police Guard July 25, 2020 Ekemini Gunmen in Nigeria’s southeastern Cross River state seized four Chinese nationals working in a construction company and killed their guard, police said. The Chinese expatriates are employees of Danarite Construction…
Business Dollar Is Losing Its Luster With Investors Lining Up to Go Short July 25, 2020 Ekemini American real money managers turn bearish: Standard Chartered Greenback is sliding as U.S. exceptionalism wanes: QIC After rocketing higher in March as the ultimate haven currency, the dollar is now…
Business Local Nigeria: LCCI, Expert Worry As Debt Profile Rises By 127% July 25, 2020 Ekemini Stakeholders in the economy have expressed worry over the capacity of the country to service its rising debt profile. In an interview with our correspondent, the Director-General, Lagos Chamber of…
Local 2021 Hajj – NAHCON To Begin Registration Of Intending Pilgrims September 9 July 25, 2020 Ekemini The Chairman of the National Hajj Commission of Nigeria (NAHCON), Zikrullah Hassan, has announced September 9, as commencement date for the registration of intending pilgrims ahead of 2021 Hajj. Mr…
Local FG Has No Business In Direct Construction Of Houses For Nigerians — Odusolu July 25, 2020 Ekemini A real estate and property development expert, Babajide Odusolu has said that the Federal Government has no business engaging in the direct construction of houses for Nigerians. Odusolu, who spoke…
Business Naira Remains Under Pressure, Slides to N580 Against British Pound July 25, 2020 Ekemini Naira Slides to N580 Against British Pound, Remains Under Pressure Naira continues its downward trend against global counterparts this week as the Central Bank of Nigeria fails to up forex…
Local Nigeria: Residents Kick As Lagos Bus Service Announces 46% Fare Increase Amid Coronavirus Scare July 25, 2020 Ekemini Some residents of the state, who spoke with SaharaReporters, said it was unfair for the service to increase prices and operate at full capacity simultaneously. Residents of Lagos have cried…
Business Euro’s Strength May Just Be Prelude To A Big Trend In The Making July 25, 2020 Ekemini Market rush to unwind short positions evident via option bets Commercial trader positioning suggests further gains ahead The forces behind the euro’s recent strength suggest this may only be the…
Local Nigeria: Lagos Govt Seals 13 Banks, 30 Buildings On Airport Road, Gives Reason July 25, 2020 Ekemini The Lagos State Ministry of Physical Planning and Urban Development has sealed 43 buildings on Airport Road. The Commissioner of the ministry , Dr Idris Salako, while supervising the exercise,…
World Ethiopian Welcomes Back Customers July 25, 2020 Ekemini Ethiopian Airlines has said during the pandemic, it was the go-to airline for essential travel, repatriation flights and airlift of medical and personal protective equipment (PPE). The airline stated in…
Africa Business Cryptocurrency Use In Africa ‘Growing Very Rapidly’, Says Exchange CEO July 25, 2020 Ekemini Crypto adoption in Africa is lead by Nigeria, South Africa, Kenya and Ghana Crypto volume in Africa reached $16 million last week Because of difficulties accessing traditional finance, Bitcoin has…
Local Citizenship-By-Investment Firm Opens New Office in Nigeria July 25, 2020 Ekemini 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 opened an office in Nigeria, thereby strengthening its partnership in…
Business Sterling Set For Best Week Vs Dollar Since Early June July 25, 2020 Ekemini The pound was broadly steady against the dollar and edged up versus the euro on Friday, little moved by better-than-expected economic data but still on track for its biggest weekly…
Local Airport Concession As Catalyst For Development July 25, 2020 Ekemini Aviation industry stakeholders have posited that concession is the only choice government have to attract private funds for the development of the airports, writes Chinedu Eze. It is becoming inexorably…
