Subsidy Removal Good For Private Refineries – Govt
The Federal Government has said the removal of fuel subsidy, which led to the recent hike in the pump price…
Month: September 2020
Include Kano Airport Certification In 2021 Budget, Reps Tell FAAN
The House of Representatives has mandated the Federal Airports Authority of Nigeria and the Nigerian Civil Aviation Authority to include…
Sterling Falls After Brexit Bill Opposed By EU Passes UK Parliament
Sterling fell on Wednesday after Britain’s lower house of parliament approved legislation on Tuesday that gives ministers the power to…
In Defense Of BDCs
Bureaux De Change operators in the country have continued to support Nigeria’s growth agenda and the Central Bank of Nigeria’s…
Fitch Revises Nigeria’s Outlook To Stable, Affirms At ‘B’
Fitch Ratings has revised the Outlook on Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed…
FG Lifts Ban On Emirates Airlines
The Federal Government has lifted the ban stopping Emirates Airlines from operating in Nigeria. The Minister of Aviation, Hadi Sirika,…
NBS Begins National Economic Census After 20 Years
The National Bureau of Statistics (NBS) will begin a national economic census across the country from October 12. It stated…
Nigeria Launches Commercial Operation Of Chinese-Built Railway
The Nigerian government on Tuesday launched the commercial operation of the Itakpe-Ajaokuta-Warri railway, a line linking the northern and southern…
Baidu’s Voice Assistant And Smart Device Business Is Valued At $2.9 Billion After Cash Injection
GUANGZHOU, China — Chinese internet giant Baidu has raised an undisclosed sum of money for its business division focused on…
Nigerians Not Benefiting From US Duty-Free Export – NEPC
The Nigerian Export Promotion Council says only few Nigerian exporters have benefitted from the United States duty free trade opportunity…
Nigeria’s Economy Faces $14bn Revenue Gap
THE low price of oil and Nigeria’s over-dependence on the product, currently hovering at $40 per barrel, has culminated in…
Nigeria’s FX Reserves Swell By $200 Mln After Court Ruling
Nigeria’s central bank said on Tuesday its foreign reserves have grown by $200 million after a London court ordered the…
Investors Gain N54bn As Stock Market Rises Further
The equity market sustained its positive outlook on Tuesday for the seventh trading session as the Nigerian Stock Exchange All-Share…
15-Minute Coronavirus Test Gets The Green Light In Europe
A test to detect Covid-19 that can be done at the point of care and gives results in 15 minutes…
UK GDP Collapsed Nearly 20% In Second Quarter In Historic COVID Hit
Britain suffered a record collapse in economic output in the second quarter of 2020 when COVID-19 lockdown measures were in…
Stockbrokers To Begin Trading On FMDQ
Arrangements are being concluded for the commencement of trading by stockbrokers on the FMDQ Securities Plc. Chairman, Association of Securities…
NNPC To Grow Nigeria’s Gas Utilisation
The Nigerian National Petroleum Corporation, NNPC, on Tuesday, said it is focusing on growing the nation’s domestic gas utilization for…
N700bn Recovered Through Whistleblowers In Four Years
Assets and cash worth more than N700bn have been recovered through the whistleblower policy of the Federal Government, the Minister…
Democrats’ New $2.2 Trillion Bill Includes A Second Round Of $1,200 Stimulus Checks
From jobs to savings to retirement plans, the coronavirus pandemic has upended many Americans’ financial lives. And that has resulted…
Pound Flattens Against Dollar After BOE’s Bailey Comments
Sterling erased earlier gains against the dollar on Tuesday after Bank of England Governor Andrew Bailey warned the economic recovery…
GOP Pollster Sees Trump-Biden Debate As Embarrassing, Says It ‘Encouraged People Not To Vote’
Longtime Republican pollster Frank Luntz told CNBC on Wednesday that participants in his focus group were let down by the first…
Wonder Banks Bloom In Northern Nigeria: SEC Warns
EFCC and SEC officials after a meeting in Kano: warning about Wonder banks, Ponzi schemes Wonder banks which normally promise…
Stocks Making The Biggest Moves In The Premarket: Disney, Micron, Dow Inc., GM & More
Walt Disney (DIS) – Disney is cutting 28,000 jobs in its theme parks division, as the coronavirus impacts park visits…
CBN To Move Gender Financial Inclusion Gap From 8.5% To Zero In 2024
Nigeria’s Central Bank (CBN) is planning to move financial inclusion gender gap from 8.5 percent (based on 2018 data) to…
Factbox-Key Provisions In Nigeria’s Oil Overhaul Bill
Nigeria’s oil reform bill is now with the National Assembly. Due to the political alignment of the legislature with the…
Companies Added Better Than Expected 749,000 Jobs Amid Jump In Construction, Hospitality
Companies added jobs at a faster-than-expected pace in September due in good part to a surge in manufacturing hires, according…
Illicit Transfers Hit N103tr In 15 Years
As admitted by President Muhammadu Buhari, Nigeria is struggling with illicit financial flows (IFF) as successive budgets suffer setbacks in…
Ex-Nissan Boss Carlos Ghosn Launches Business Program To Revive Lebanon’s Struggling Economy
SINGAPORE — Carlos Ghosn, the scandal-hit former CEO and chairman of Nissan who fled trial in Japan, is launching a…
United Eyes Return To JFK Next Year After A More Than 5-Year Absence
Airport in 2021, possibly early in the year, according to people familiar with the matter. The early plans are a…