Nigeria: Push For Airport Development
The role of collaboration in developing critical air transport infrastructure for accelerated economic development continues to gain traction between Federal…
Day: September 2, 2020
Nigeria Says Can Tap Mineral Wealth Despite COVID, Unrest
Nigeria aims to have 50 mines in operation by 2023 and can make up for time lost because of the…
Nigeria Naira Firms 9.7% On Black Market On Plans To Sell FX To Currency Operators
The Nigerian currency firmed sharply on the black market on Tuesday, gaining 9.65% to 435 naira against the U.S. dollar,…
Bitcoin Falls Most In Month As Momentum Shifts During Risk Rally
Bitcoin posted its largest one-day decline in about a month just a day after reaching $12,000. Other digital currencies registered…
Nigeria: Lagos To Establish Coconut Processing Factory In Badagry By 2021
The Lagos State Government says it will establish a coconut processing factory in Badagry to further optimize the use of…
BDCs Want CBN To Review Advised Exchange Rate Of N386
Ahead of funding account on Friday and business reopening on Monday, Bureau de Change (BDC) operators have called on the…
Sirika Restructures NCAA, Sacks Directors
A major restructuring of the Nigeria Civil Aviation Authority, NCAA, was done Wednesday by the Minister of Aviation, Senator Hadi…
CBN Sets Capital Base Of N5bn For Mobile Money Licenses
The Central Bank of Nigeria has said it will grant more licences for payment service banks but set a minimum…
Petrol Price Should Be About N155/Litre
The pump price of petrol should be closer to N155 per litre, the Chairman of the Major Oil Marketers Association…
Sterling Drifts Lower Vs Dollar, Rises Vs Euro; BoE Speeches In Focus
Sterling fell against a rebounding U.S. dollar on Wednesday but rose against the falling euro as traders looked to speeches…
NBS: Nigeria Imported Almost Double Its Export In Q2
Nigeria’s trade deficit ballooned by 92 percent between the first and second quarter of 2020 on the back of increased…
History Shows Euro’s Dip Is Part Of Pattern That Leads To $1.25
The euro is about to extend its advance by another 5% in the coming months, if history is a guide.…
NSE Suspends Six Companies From Trading For Not Filing Audited Financial Statements
The Nigerian Stock Exchange (NSE) has debarred six listed companies from trading for not filing their audited financial statements for…
The Yuan Won’t Unseat The Dollar Soon — But It Could Grow In Prominence If China Dominates In Tech And Trade
The yuan isn’t going to unseat the U.S. dollar anytime soon — but the Chinese currency’s rising prominence has been…
Nigeria Loses $55 Million Daily To Port Congestion
Widespread congestion at the Nigerian ports is costing the nation about $55 million (about N20.8 billion) per day, going by…
Sylva Switches To Gas As Fuel For Official Cars, Urges Others To Follow Suit
The Minister of State for Petroleum Resources, Mr. Timipre Sylva has given up his official vehicles to be remodelled to…
UK Economy Unlikely To Recover Until 2023
The UK economy is unlikely to reach its pre-Covid level until early 2023, according to new forecasts. KPMG’s latest quarterly…
Exclusive: Bipartisan Campaign Aims To Reassure U.S. Voters As Trump Questions Election Integrity
At least a dozen groups are planning a large-scale, bipartisan public relations campaign to counter any attempt by President Donald…
How Much You’ll Need To Save Per Month To Retire With $1 Million On A $50,000 Salary, Broken Down By Age
Automatically saving a percentage of your salary can be one of the easiest ways to fund your retirement. But figuring…
Health Experts Sound The Alarm On A Possible New Coronavirus Wave This Winter
Health experts are concerned about the potential for a new wave of Covid-19 infections over the winter period, identifying several…
Germany Says Russian Dissident Alexei Navalny ‘Without A Doubt’ Poisoned By Novichok Nerve Agent
Germany’s government on Wednesday confirmed via hospital tests that Russian dissident Alexei Navalny was poisoned by a nerve agent belonging…
AMC Shares Spike After Top Theater Chain Says 70% Of Locations Will Be Open This Weekend
Shares of AMC, the largest movie theater chain in the U.S., jumped more than 16% in premarket trading Wednesday after…
Treasury Yields Rise Slightly Amid Mixed Economic Data
Treasury yields climbed slightly on Wednesday after investors digested fresh employment data. The yield on the benchmark 10-year Treasury note…
Macy’s Plans Rollout Of Smaller Stores Away From Malls
Macy’s is betting malls will make it. But only the best malls. And so it’s looking to grow elsewhere. “We…
DraftKings Shares Surge 13% After Michael Jordan Joins Betting Company As Board Advisor
Shares of DraftKings jumped 13% in premarket trading after the company said Michael Jordan is joining the betting company as…
Florida Drops Quest For Coronavirus Testing After Lab Reports Backlog Of 75,000 Test Results
Florida Gov. Ron DeSantis is ordering state health agencies to cut ties with Quest Diagnostics, one of the country’s largest labs,…
Tesla To Sell Up To $5 Billion In Stock Amid Its Incredible Rally
mid Tesla’s incredible rise that has seen shares soar to new highs, the electric auto maker said Tuesday it will…
AMCON Seeks NASS Support In N5 Trillion Debt Recovery
As its debt portfolio continues to rise, the Asset Management Corporation of Nigeria (AMCON) has called on the National Assembly…
Fauci Debunks Theories Of Low CDC Coronavirus Death Toll: ‘There Are 180,000-Plus Deaths’ In U.S.
White House coronavirus advisor Dr. Anthony Fauci debunked online theories promoted by President Donald Trump that the Centers for Disease…
Walmart’s Stock Gets A $24 Billion Boost After Retailer Announces Subscription Service
Walmart+ won’t launch for two weeks, but Wall Street is reacting positively to the retailer’s forthcoming membership program and its…