NPA Warns Shipping Firms Over Empty Containers
Failure by shipping firms to provide holding bays for empty containers is responsible for ports’ congestion, operators have said. However,…
Day: August 7, 2020
World Bank Approves $114 Mln For Nigeria’s COVID-19 Response
The World Bank has approved $114 million to help Nigeria tackle its coronavirus pandemic, the global lender said on Friday.…
Dollar Rises On Renewed U.S.-Sino Tensions, Jobs Data Eyed
The U.S. dollar rebounded whilst other major currencies weakened on Friday after President Donald Trump took steps to ban transactions…
Nigeria: Reps Summon Adeosun, Ahmed, Farouq Over N1.7tn NSIP Fund
The House of Representatives has summoned a former Minister of Finance, Mrs Kemi Adeosun; the incumbent Minister of Finance, Budget…
Fresh $100 Million Investment To Boost Nigeria’s Shipping Sector
Fresh $100 million investment is under way by the West Africa Container Terminal (WACT), to buoy Nigerian terminal handling capacity…
Nigeria: DMO Lifts Suspension On FGN Savings Bond Offer
Four months after it suspended the Federal Government of Nigeria (FGN Savings Bond) offer, the Debt Management Office (DMO) yesterday…
U.S. Govt Advises Citizens Against Travelling To Nigeria
Amidst the worsening security situation across Nigeria, the U.S. government has advised its citizens not to travel to many states in Nigeria…
Travelex Poised For Reboot As Debt Restructuring Is Completed
The transaction is being arranged through a pre-packaged administration sale of certain UK Travelex entities. Travelex, the airport foreign currency…
How Travelers Are Beating Tough Flight Restrictions
Travel curbs and border restrictions are upending lives around the globe, with some people resorting to chartering planes on their…
White Customers, Black Fabrics
The recent outpouring of support for Black-owned businesses has brought attention to fashion labels that work with African prints. The…
Nigerian Crypto Activity Has Been On The Rise Since April
Nigeria outperformed the rest of the world by the level of interest in Bitcoin over recent months. Nigeria, the biggest source of…
Bad Weather Hurts Efforts To Stop Oil Spill Off Mauritius
Bad weather hindered efforts to contain an oil spill from a bulk carrier off the southeastern coast of Mauritius that’s…
$3.121b Loans: China Won’t Take Over Nigeria
The Chinese Embassy in Nigeria on Thursday said its country’s loans were not designed to take over Nigeria or any…
Last call: Governors Roll Back Hours Instead Of Reopenings As Bars Take Blame For Coronavirus Surge
Desy’s is one of the last bars left standing in Morrisville, North Carolina. Owner Desislava Nikolova made her American dream come true…
Virgin Atlantic Files For Bankruptcy Protection
Virgin Atlantic Airways has filed for Chapter 15 bankruptcy protection in New York, the United States, as the global airline…
Buhari Orders Compulsory Use Of Face Masks Nationwide
President Muhammadu Buhari has directed state governments and the Federal Capital Territory (FCT) to enforce the use of face masks…
Saudi Investor Sues Med-View Over Sale Of Asset
Saudi Arabian investor, Abdulmohsen Al-Thunnayan, has filed a suit at the Federal High Court Lagos, challenging the move by Med-View…
Oil Slips To $45 On Demand Concerns, Set For Weekly Rise
Oil dipped to around $45 a barrel on Friday on worries that a demand recovery would slow due to a…
DMO Clarifies China’s Loans To Nigeria; Economic Viability And Revenue Issues Left Out
The attention of the Debt Management Office (DMO), has been drawn to statements and reports credited to several persons on…
Nigeria’s Cocoa Output To Be Tapered By The Spread Of The Fungal Black Pod Disease
Approximately 40% of Nigeria’s cocoa output may be at risk from the spread of the fungal black pod disease which…