Business Local Subsidy Removal Good For Private Refineries – Govt September 30, 2020 Ekemini The Federal Government has said the removal of fuel subsidy, which led to the recent hike in the pump price of fuel, is a good development for private refineries, as…
Local Include Kano Airport Certification In 2021 Budget, Reps Tell FAAN September 30, 2020 Ekemini The House of Representatives has mandated the Federal Airports Authority of Nigeria and the Nigerian Civil Aviation Authority to include certification of the Mallam Aminu Kano International Airport in the…
Local Sterling Falls After Brexit Bill Opposed By EU Passes UK Parliament September 30, 2020 Ekemini Sterling fell on Wednesday after Britain’s lower house of parliament approved legislation on Tuesday that gives ministers the power to break its divorce agreement with the European Union. The UK…
Local In Defense Of BDCs September 30, 2020 Ekemini Bureaux De Change operators in the country have continued to support Nigeria’s growth agenda and the Central Bank of Nigeria’s commitment to exchange rate stability, writes Maduabuchi Ubani Corruption and…
Business Local Fitch Revises Nigeria’s Outlook To Stable, Affirms At ‘B’ September 30, 2020 Ekemini Fitch Ratings has revised the Outlook on Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at ‘B’. Key Rating Drivers The revision of…
Local FG Lifts Ban On Emirates Airlines September 30, 2020 Ekemini The Federal Government has lifted the ban stopping Emirates Airlines from operating in Nigeria. The Minister of Aviation, Hadi Sirika, announced this via his Twitter handle on Wednesday. He tweeted,…
Business Local Nigeria’s Pioneering Gas Flaring Plan Risks Going Down In Flames September 30, 2020 Ekemini Jonah Gbemre often has no electricity, but he says his home is permanently lit at night by the flames of waste gas being “flared” near his home town in Nigeria’s…
Business NBS Begins National Economic Census After 20 Years September 30, 2020 Ekemini The National Bureau of Statistics (NBS) will begin a national economic census across the country from October 12. It stated on Monday that it had been more than 20 years…
Business Local Nigeria Launches Commercial Operation Of Chinese-Built Railway September 30, 2020 Ekemini The Nigerian government on Tuesday launched the commercial operation of the Itakpe-Ajaokuta-Warri railway, a line linking the northern and southern regions of the most populous African country, which was undertaken…
Technology Baidu’s Voice Assistant And Smart Device Business Is Valued At $2.9 Billion After Cash Injection September 30, 2020 Ekemini GUANGZHOU, China — Chinese internet giant Baidu has raised an undisclosed sum of money for its business division focused on voice assistants and smart devices. The new funding for Baidu’s…
Business Local Nigerians Not Benefiting From US Duty-Free Export – NEPC September 30, 2020 Ekemini The Nigerian Export Promotion Council says only few Nigerian exporters have benefitted from the United States duty free trade opportunity despite several sensitisation carried out by the council. The Executive…
Business Local Nigeria’s Economy Faces $14bn Revenue Gap September 30, 2020 Ekemini THE low price of oil and Nigeria’s over-dependence on the product, currently hovering at $40 per barrel, has culminated in a $14 billion revenue gap. President of the Senate, Senator…
Business Local Nigeria’s FX Reserves Swell By $200 Mln After Court Ruling September 30, 2020 Ekemini Nigeria’s central bank said on Tuesday its foreign reserves have grown by $200 million after a London court ordered the release of a guarantee put in place as security for…
Business Investors Gain N54bn As Stock Market Rises Further September 30, 2020 Ekemini The equity market sustained its positive outlook on Tuesday for the seventh trading session as the Nigerian Stock Exchange All-Share Index rose further by 0.39 per cent. Market watchers attributed…
World 15-Minute Coronavirus Test Gets The Green Light In Europe September 30, 2020 Ekemini A test to detect Covid-19 that can be done at the point of care and gives results in 15 minutes has been given the greenlight in Europe, according to its…
Business UK GDP Collapsed Nearly 20% In Second Quarter In Historic COVID Hit September 30, 2020 Ekemini Britain suffered a record collapse in economic output in the second quarter of 2020 when COVID-19 lockdown measures were in full force, though the decline was slightly smaller than first…
Business Stockbrokers To Begin Trading On FMDQ September 30, 2020 Ekemini Arrangements are being concluded for the commencement of trading by stockbrokers on the FMDQ Securities Plc. Chairman, Association of Securities Dealing Houses of Nigeria (ASHON), Chief Onyenwechukwu Ezeagu said the…
Business NNPC To Grow Nigeria’s Gas Utilisation September 30, 2020 Ekemini The Nigerian National Petroleum Corporation, NNPC, on Tuesday, said it is focusing on growing the nation’s domestic gas utilization for balanced economic growth. In a statement in Abuja, Group Managing…
Business N700bn Recovered Through Whistleblowers In Four Years September 30, 2020 Ekemini Assets and cash worth more than N700bn have been recovered through the whistleblower policy of the Federal Government, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said on…
Business Democrats’ New $2.2 Trillion Bill Includes A Second Round Of $1,200 Stimulus Checks September 30, 2020 Ekemini From jobs to savings to retirement plans, the coronavirus pandemic has upended many Americans’ financial lives. And that has resulted in millions of people facing serious financial hardship. They are…
Business Pound Flattens Against Dollar After BOE’s Bailey Comments September 30, 2020 Ekemini Sterling erased earlier gains against the dollar on Tuesday after Bank of England Governor Andrew Bailey warned the economic recovery may not be as strong going forward and did not…
World GOP Pollster Sees Trump-Biden Debate As Embarrassing, Says It ‘Encouraged People Not To Vote’ September 30, 2020 Ekemini Longtime Republican pollster Frank Luntz told CNBC on Wednesday that participants in his focus group were let down by the first debate between President Donald Trump and Democratic nominee Joe…
Business Local Wonder Banks Bloom In Northern Nigeria: SEC Warns September 30, 2020 Ekemini EFCC and SEC officials after a meeting in Kano: warning about Wonder banks, Ponzi schemes Wonder banks which normally promise unsuspecting patrons fantastic returns, are blooming in northern Nigeria, the…
Business Stocks Making The Biggest Moves In The Premarket: Disney, Micron, Dow Inc., GM & More September 30, 2020 Ekemini Walt Disney (DIS) – Disney is cutting 28,000 jobs in its theme parks division, as the coronavirus impacts park visits and as the company’s flagship Disneyland resort remains closed for…
Business Local CBN To Move Gender Financial Inclusion Gap From 8.5% To Zero In 2024 September 30, 2020 Ekemini Nigeria’s Central Bank (CBN) is planning to move financial inclusion gender gap from 8.5 percent (based on 2018 data) to no gender gap in 2024. The Bank disclosed this in…
Business Local Factbox-Key Provisions In Nigeria’s Oil Overhaul Bill September 30, 2020 Ekemini Nigeria’s oil reform bill is now with the National Assembly. Due to the political alignment of the legislature with the presidency, it has the best chance of passing into law…
Business Companies Added Better Than Expected 749,000 Jobs Amid Jump In Construction, Hospitality September 30, 2020 Ekemini Companies added jobs at a faster-than-expected pace in September due in good part to a surge in manufacturing hires, according to a report Wednesday from ADP. The firm’s monthly private-sector…
Business Local Illicit Transfers Hit N103tr In 15 Years September 30, 2020 Ekemini As admitted by President Muhammadu Buhari, Nigeria is struggling with illicit financial flows (IFF) as successive budgets suffer setbacks in the last 15 years. Judging by the current exchange rate,…
Business Ex-Nissan Boss Carlos Ghosn Launches Business Program To Revive Lebanon’s Struggling Economy September 30, 2020 Ekemini SINGAPORE — Carlos Ghosn, the scandal-hit former CEO and chairman of Nissan who fled trial in Japan, is launching a business training program to help spark economic recovery in his…
Business United Eyes Return To JFK Next Year After A More Than 5-Year Absence September 30, 2020 Ekemini Airport in 2021, possibly early in the year, according to people familiar with the matter. The early plans are a bet that the pandemic’s lull in air travel could help…
