Forex Strapped Nigeria Designates Crypto Assets As Securities
The Securities and Exchange Commission (SEC) of Nigeria has designated crypto assets as securities as the authorities step up efforts…
Day: September 15, 2020
Nigeria Spends N1.1trn To Service Foreign Debt In Q2’20
The National Bureau of Statistics (NBS) yesterday said Nigeria spent $287 million, about N1.1 trillion, to service its foreign debt…
Buhari Expresses Optimism on Quick Economic Recovery
President Muhammadu Buhari has expressed optimism on the capacity of the Nigerian economy to rebound strongly in the near term…
FG To Repatriate Nigerian Refugees In Niger Republic
The Federal Government has assured Nigerian refugees in Diffa in the Republic of Niger that arrangements are ongoing to return…
Uber, Bolt Drivers Protest Management’s ‘Poor Attitude To Welfare’
Emeka Emerole, chairman of the Abuja chapter of the National Union of e-hailing Drivers Association, said the protest was in…
Osinbajo Attends ECOWAS Extraordinary Summit In Ghana
Vice President Yemi Osinbajo will depart Abuja on Tuesday for Accra, Ghana, to attend an Extraordinary Summit of the Economic…
CBN Unveils Family Homes Financing Initiative Implementation Framework
The Central Bank of Nigeria (CBN) on Tuesday, unveiled a framework for implementation of family homes financing initiative to fast…
Bandits Target Nigeria’s Farmers And Threaten Food Security
Just before the start of crop planting in May, Abdullahi Hassan Wagini visited a neighbor’s farm in northern Nigeria to…
Nigerian Banks Seen Adding Fuel To Kenya’s Deal-Making Frenzy
Nigerian banks seeking to escape the malaise gripping Africa’s biggest economy could find refuge by expanding in Kenya, where the…
Pound Traders See Opportunity In U.K.-EU Brexit Dispute
Pound traders betting the U.K. and European Union are bluffing in their latest Brexit dispute are set for a windfall…
Conversion Of Cars To Gas Fuelling Begins In October, Says Sylva
BY next month, the Federal Government will commence the conversion of cars and generating plants for gas fuelling. The Minister…
OPay And WorldRemit Partner To Offer International Mobile Money Transfer Service
Nigerian financial service technology company, OPay has announced a partnership with leading global digital payments platform WorldRemit, to offer international…
Nigeria’s SEC Recognises Cryptocurrencies As Securities
Crypto assets have been defined as securities “unless proven otherwise” Nigeria takes another step forward in integrating cryptocurrencies by formally…
Nigeria Must Lift Bank Loans To Agricultural Sector To 10% Of Total In 4 Years – Cenbank
Nigeria needs to more than double the proportion of bank loans it makes to the agricultural sector to 10% within…
Moody’s Changes Global Oil Exploration, Production Outlook To Stable
The outlook for the global exploration & production (E&P) sector has been changed to stable from negative, Moody’s Investors Service…
UPDATE 2-IEA Says Oil Demand Recovery Set To Slow For Rest Of 2020
The International Energy Agency (IEA) trimmed its 2020 oil demand forecast on Tuesday, citing caution about the pace of economic…
Nigeria’s Inflation For August Highest In 28 Months
Nigeria’s inflation rate rose further to 13.22 per cent in August, the highest in 28 months, as a result of…
Some Airlines Are Introducing ‘Flights To Nowhere’ — And People Are Paying To Take Them
Singapore Airlines is said to be considering a new route next month — what media reports are calling a “flight…
COVID-19 Has Set Global Health Progress Back Decades: Gates Foundation
The knock-on effects of the coronavirus pandemic have halted and reversed global health progress, setting it back 25 years and…
General Motors To Unveil Hummer EV Pickup With ‘Crab Mode’ In October
General Motors will reveal the GMC Hummer EV – its first all-electric pickup – in October, roughly a year ahead…
Macy’s Unveils Plans For Televised-Only Thanksgiving Day Parade, Scraps Parade Route
New York City will host this year’s Macy’s Thanksgiving Day Parade, though the celebration will “not be the same parade…
Here’s What To Expect From Kraft Heinz’s Investor Meeting
Kraft Heinz is scheduled to present its new strategy for the company on Tuesday morning to investors, who are looking…
Sally Rumbles Into U.S. Gulf Coast, Historic Flooding Possible
Hurricane Sally drew closer to the U.S. Gulf Coast on Tuesday morning, threatening historic floods along the coast, the National…
PepsiCo To Launch Drink To Aid Sleep As Consumers Struggle With Stress
Doctors and dentists are reporting more cases of cracked teeth and insomnia as the coronavirus pandemic takes a toll on…
Bill Gates Doesn’t Expect A Virus Vaccine Before Year-End — But He Says One Drugmaker Has The Best Chance
Bill Gates doesn’t believe any of the coronavirus vaccines in development are likely to seek U.S. approval before the end…
Pandemic-Proof Apple To Kick Off Lineup For Critical Holiday Season
Apple Inc AAPL.O shares have soared this year even as a pandemic has crippled economies around the world, thanks in…
Snowflake Bumps Expected IPO Price By About 30%, Could Debut At More Than $30 Billion Valuation
Data storage software company Snowflake has raised its estimated IPO price by around 30% since last week, according to an…
Jim Cramer Reveals Playbook For Snowflake IPO: ‘It’s A Great Concept’
CNBC’s Jim Cramer on Monday made a recommendation on the soon-to-be public stock of Snowflake, the cloud enterprise tech company…
Sony Stock Stumbles After Company Reportedly Cut Estimate For PlayStation 5 Production
SINGAPORE — Shares of Japan’s Sony fell following a report that the company is reducing its estimated production for its…
Holiday Spending Will Hinge On How Much The Rich Splurge And The Poor Cut Back
The growth rate for retail sales this holiday season is forecast to be less robust than in recent years, according…