Nigeria: Coconuts Can Contribute Over $400bn To Nigerian Economy Annually
The President, National Coconut Producers, Processors and Marketers Association of Nigeria (NACOPPMAN), Nma Okoroji, has said coconuts can help generate…
Month: September 2020
Facebook To Ban New Political Ads In Week Before Presidential Election
Facebook announced Thursday it will ban new political ads from running in the week before the Nov. 3 presidential election.…
Nigeria: Why We’re Borrowing – DMO
Abuja — Federal government’s borrowings are fuelled by persistent budget deficits, the Director-General of the Debt Management Office, DMO, Ms.…
Bill Gates-Backed Vehicle Battery Supplier To Go Public Through SPAC Deal
An electric vehicle battery supplier backed by Microsoft co-founder Bill Gates and Volkswagen is the newest automotive company to announce…
Jeep Grand Wagoneer SUV to top $100,000 as brand’s luxury flagship
DETROIT – Fiat Chrysler’s long-awaited Jeep Grand Wagoneer SUV will top $100,000 – likely making it the brand’s highest priced…
Covid-19 Forced Google To Change How It Predicts Traffic In Google Maps
Google on Thursday explained in a blog post how Covid-19 has forced it to rethink how it predicts driving conditions,…
NNPC Invites Bidders For Crude Oil Contracts
The Nigerian National Petroleum Corporation (NNPC) has invited local and international companies to submit bids to lift Nigerian crude and…
Dollar Gains Further On Worries ECB Grew Uncomfortable With Euro Rise
The dollar’s bounce extended on Thursday as investors trimmed bets against the greenback and sold the euro on concerns that…
Nigerian Central Bank Starts Sale Of Dollars To Clear Backlog
The Nigerian central bank has started to sell dollars in the spot market and forward operations to clear a backlog…
Euro Hits Week Low As Dollar Finds Footing
The dollar’s bounce extended on Thursday, as investors trimmed bets against the greenback and sold the euro on concerns that…
Nigerians’ Concerns Should Be How Loans Are Utilised
The Director-General, Debt Management Office, Patience Oniha, on Wednesday, defended the nation’s debt profile, saying there is nothing wrong with…
N2 Profit Margin Not Enough To Sustain Operations’ — BDCs Ask CBN To Review FX Rate
The Association of Bureau de Change Operators of Nigeria (ABCON) says the N2 profit margin that comes with exchanging the…
Naira Roars Back To Life In Parallel Market
The Naira has marched into September with a renewed sense of confidence, rallying to its strongest level since April on…
Cost Of Doing Business At Nigerian Ports Will Be Reduced Soon
In this interview with LEADERSHIP, the chairman, House Committee on Ports and Harbour, Hon Garba Datti Mohammad is optimistic that…
Sterling Falls More Against Strong Dollar, Hurt By Brexit, Weak Outlook
The pound fell against the dollar on Thursday, extending its losses on a combination of dollar strength and weak domestic…
NIS Implements Procedures On International Flights Resumption
The Comptroller General, Nigeria Immigration Service (NIS), Mr Muhammad Babandede has implemented procedures for international flights resumption and visa payment.…
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…
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…