CBN Debits Banks N2.476tr In 3 Months
Between last April and July, the Central Bank of Nigeria(CBN)debited N2.476trillion from the commercial banks as Cash Reserve Requirement (CRR) and…
Day: August 25, 2020
6.1% Shrinking Of Economy: FG Won’t Be Able To Service Rising Debts, Fund Budget –MAN, Others
Key players in the nation’s economy including the Manufacturers Association of Nigeria and the Lagos Chamber of Commerce and Industry…
How Nigeria’s Cocoa Revenue Can Hit $1.1b In Five Years’
If Nigeria deploys measures to increase yield, land area under cultivation, quality of cocoa beans through new techniques in fermentation…
Nigeria: FG Targets Creation Of 12m Jobs With National Gas Expansion Programme
Chief Timipre Sylva, Minister of State for Petroleum Resources says the implementation of the National Gas Expansion Programme (NGEP) will…
Canadian Dollar Lags G10 Peers As Bets Mount Against The Currency
The Canadian dollar weakened against its U.S. counterpart and all the other G10 currencies on Monday, as recent data showed…
P2P Cryptocurrency Exchanges In Africa Pivot: Nigeria And Kenya The Target Markets
Leading cryptocurrency exchanges are bullish about Africa’s growth prospects as evidenced by their ongoing forays into the continent. During the…
Oil Steadies And Fuels Gain With Storm Laura Menacing U.S. Gulf
Oil traded near $42.50 a barrel as Laura was predicted to become a major hurricane, menacing crude production and refineries…
Domestic And Foreign Portfolio Participation In Equity Trading
On a monthly basis, The Nigerian Stock Exchange polls trading figures from market operators on their Domestic and Foreign Portfolio…
Nigeria: Emefiele To Host CEOs Of Multinational Companies Over Export Market
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has hinted on plans to meet with the Chief…
Cryptocurrency Words You Will Meet As A New Investor
The cryptocurrency market is buzzing as prices continue to hold in the green territory and investors keep hopes alive for…
Nigeria May Slip Into Recession In Q3
Minister of State for Budget and National Planning, Prince Clem Ikanade Agba says Nigeria may experience another negative growth in…
Africa Is Declared Free Of Wild Polio By Certification Committee
Africa was declared free of wild polio on Tuesday by the independent Africa Regional Certification Commission (ARCC) for Polio Eradication.…
Nigeria: Buhari Unveils Agenda For Next Three Years
The President, Major General Muhammadu Buhari (retd.), on Tuesday, listed nine areas his regime would prioritise during his remaining years…
Euro Up On German IFO, Dollar Slips On Successful U.S.-China Phone Call
The euro rose nearly 0.5% on Tuesday on better-than-expected German economic data, while the U.S. dollar fell after the United…
Nigeria: FG Unveils Plan To Concession 5 International Airports, Reduces Quarantine To 8 Days
Plan by the federal government to concession the five international airports in the country was unveiled Monday by the Minister…
No Infrastructure For COVID-19 Testing At Airports – NCAA
The Nigerian Civil Aviation Authority on Monday declared that there was no infrastructure to conduct COVID-19 tests on thousands of…
Nigeria: Stop Sending Children To Schools In Northern Cyprus, NIDCOM Warns Parents
The Nigerians in Diaspora Commission has warned Nigerian parents against sending their children to universities in Northern Cyprus over the…
Court Freezes 65 Accounts Over Alleged Forex Manipulation
A Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) to freeze all transactions in 65…
Belarus Jails Two Opposition Leaders; Teachers Head Rally Of Thousands
Despite most major opposition figures being in jail or exile, Lukashenko has so far failed to put down protests against…
Stocks Making The Biggest Moves In The Premarket: Hormel, Medtronic, Best Buy, Exxon & More
Hormel (HRL) – The food producer reported quarterly earnings of 37 cents per share, 3 cents a share above estimates.…
U.S. China Reaffirm Commitment To Phase 1 Trade Deal In Phone Call
Top U.S. and Chinese trade officials have reaffirmed their commitment to a Phase 1 trade deal, which has seen China…
Gas and Nuclear Industries Fight To The End For ‘Green’ EU Investment Label
The gas and nuclear industries have ramped up lobbying to secure last-ditch changes to European rules defining which investments are…
As Uncertainty Threatens U.S. Growth, Fed Seeks More Firepower
A year ago, Federal Reserve Chair Jerome Powell warned fellow central bankers of the significant risks posed by trade policy…
Best Buy Says Online Sales In U.S. Surged 242% in Second Quarter, But Shares Slide As Gains May Be Short-Lived
Best Buy on Tuesday reported strong second-quarter sales growth, helped by its biggest quarterly increase in online sales ever, as…
Kremlin Defies Calls To Probe Navalny Illness, Says Poisoning Not Yet Certain
The Kremlin said on Tuesday it saw no need for now to investigate the circumstances leading up to opposition politician…
Here’s Why New Cases Of The Coronavirus Are Down Across Most Of The U.S.
In late June, White House coronavirus advisor Dr. Anthony Fauci warned members of Congress that the U.S. might report more…
AMCON Seizes Jabfal Enterprises’ Assets Over N440m Debt
Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Joshua Abiodun Faleye, the chief promoter of Jabfal…