Amazon Unveils A Way To Pay With Just Your Hand In Stores
Amazon wants to speed up shopping trips by letting users pay with the palm of their hand. The company on…
Month: September 2020
COVID-19: CBN Introduces Healthcare Intervention Scheme
The Central Bank of Nigeria (CBN), as part of its policy response to the COVID-19 pandemic, introduces the Healthcare Care…
Buhari Sends PIB To NASS
President Muhammadu Buhari has transmitted the long- awaited Petroleum Industry Bill (PIB) to the National Assembly for passage into law.…
UK Court Orders Refund Of Nigeria’s $200m In P&ID Case
Emefiele said the ruling follows the establishment of prima facie fraud before the court. A commercial court in London has…
Democrats’ Revised Stimulus Bill Pushes For $600 In Extra Weekly Unemployment Through January
Democrats are continuing their push to restore $600 a week in enhanced unemployment benefits, under a revised legislative proposal intended…
Joe Biden Releases 2019 Tax Returns Ahead Of Presidential Debate
WASHINGTON — Democratic presidential nominee Joe Biden and running mate Kamala Harris released their 2019 tax returns on Tuesday, just…
FG Declares October 1 Public Holiday As Nigeria Marks 60th Independence Anniversary
The Federal Government has declared Thursday, October 1, as public holiday to mark the nation’s 60th Independence Anniversary celebration. The…
Pandemic Forces A Reckoning For Restaurants Coping With Capacity Limits And New Consumer Habits
Heading into 2020, the restaurant industry was poised for another year of growth. One of operators’ biggest concerns was the…
Oil Prices Fall As COVID-19 Cases Spike
Oil prices have been falling on Tuesday as COVID-19 cases continue to rise, undermining long-term demand. The crude oil spot…
Nikola Shares Slide After Second Sexual Abuse Allegation Raises Questions About GM Deal
Nikola’s stock slid by about 7% on Tuesday after CNBC reported new sex abuse allegations against founder Trevor Milton and…
With Deregulation Nigeria’s Refineries Can Function Optimally, Petroleum Minister Assures
Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva on Tuesday said he believes the nation’s refineries have the capability…
Importers Cry Out As Duty, Demurrage Rise
Importers have decried the high cost of importing goods through the seaports. Many importers, investigation has shown, have abandoned their…
Why The US Dollar Is Only Going To Fall Faster And Harder
The US dollar slide has entered early stages of what looks to be a sharp descent, having already fallen by…
Stabilising Economy With Unorthodox Monetary Policy
Dike Onwuamaeze writes on the impact of the Central Bank of Nigeria’s development finance initiatives The swift and massive shock…
Ivory Coast President Says New West African Currency Launch May Take Five Years
A planned new West African currency to replace the France-backed CFA franc this year has been derailed by the coronavirus…
Economic Data Puts The EUR And Dollar In Focus, As Brexit Talks Resume
Earlier in the Day: It’s was a busier start to the day on the economic calendar this morning. The Japanese…
UBS Says You Should Buy Gold Now
SINGAPORE — Investors should be putting their money in gold now, as it represents a “very good hedge” ahead of…
We’ll Make It Illegal To Export Raw Minerals
The Minister of Mines and Steel Development, Olamilekan Adegbite, has said that the ministry is working on law to make…
PIB: Timipre Sylva Debunks Scrapping Of NNPC
Minister of Petroleum Resources, Timipre Silva has debunked reports that the new Petroleum Industry Bill (PIB) does not accommodate the…
Osinbajo Urges Global Action Against Illicit Financial Flows
Vice President Yemi Osinbajo (SAN) has called for an effective global action against Illicit Financial Flows (IFFs) and related vices,…
Naira Maintains Stability At Forex Markets As Dollar Supply Rise By 57%
Forex liquidity by 57% as Nigeria’s exchange rate at the NAFEX window remained stable to close at N386/$1 during intraday…
Oil Prices Drop As Demand Worries Counter U.S. Stimulus Hopes
Oil prices dropped on Tuesday, paring gains from the previous session, as persistent demand concerns due to the coronavirus pandemic…
Buhari To Inaugurate Itakpe-Warri Speed Train Tuesday
The President, Major General Muhammadu Buhari (retd.), will inaugurate Nigeria’s first standard gauge train, the Itakpe-Ajaokuta-Warri rail line, on Tuesday…
INEC Begins Migration To Electronic Voting
The Independent National Electoral Commission (INEC) has commenced replacing manual voting with automated voting system, as part of the efforts…
CBN: Hedging Against Recession, COVID-19 With Interventions
The Central Bank of Nigeria (CBN) is devising strategies through its various intervention programmes to rein the COVID-19 pandemic’s impact…
Dollar Continues Downward Trend Ahead Of Trump-Biden Debate
The dollar was down on Tuesday morning in Asia, as the U.S. presidential debate and developments on the latest U.S.…
‘ABCON Braces CBN’s Regulation Of Financial Sector’
The argument that all Bureaux De Change (BDCs) operators are the weakest link in the fight against illicit financial flow…
NLNG Targets 350,000 Metric Tons LPG By December
The Nigeria Liquefied Natural Gas (NLNG) Limited has said it is set to achieve the production of 350,000 metric tons…
FG Urges Destination Countries To Repatriate Illicit Funds
The Vice-President, Prof. Yemi Osinbajo, has urged leaders of destination countries to insist on repatriation of illicit funds and their…
Nigeria’s Forex Reserves Drop By $47.3m
Nigeria’s foreign exchange reserves suffered its first decline in recent weeks at the weekend as dreary global crude oil prices,…