Why Fewer Nigerians Are Returning Home’
Reports have indicated that many more Nigerians would have returned to the country since resumption of international flights on September…
Day: October 2, 2020
Why Is Africa Sending Money To Help Rich Countries Develop?
Research shows illicit money from Africa going to developed countries is a far larger than aid coming from them problem.…
A Major Nigerian Bank Is Expanding To Southern Africa
Access Bank, one of Nigeria’s top-rated financial institutions, has announced that it is set to expand to Southern Africa. The…
Africa And The World Continue To Allow Illegal Capital Flight
Despite having so much to gain from them, Africa’s role in negotiations to reform international tax is negligible It’s been…
Dollar Holds Gains, Oil Currencies Fall After Trump Positive COVID Test
The U.S. dollar and the safe-haven Japanese yen clung to their earlier gains on Friday after U.S. President Donald Trump’s…
‘FG Aggressively Developing Gas-To-Power Infrastructure, Exploration’
The Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Mele Kyari, has said the Federal Government is aggressively pursuing other…
Next Africa: Nigeria’s Buhari Stakes His Legacy On Oil Reform
Nigerian President Muhammadu Buhari has been derided by critics as inept and indecisive on the economy, with some giving him…
CBN Says Nigerian Youth Investment Fund Is Coming Soon
The Central Bank of Nigeria (CBN) has announced that its Nigeria Youth Investment Fund (NYIF) will soon be disbursed. The…
Freight Forwarders, Others Seek Government Support
Freight forwarders and customs brokers under the aegis of the Association of Nigerian Licensed Customs Agents have tackled the government…
Canadian Dollar Seen Higher If Commodity Prices Rebound
The Canadian dollar is set to gain more than 2% against its U.S. counterpart in a year as an expected…
Lagarde Plans For Digital Euro As Alternative To Cash
A digital version of the euro could be on the way as the European Central Bank set out its plans…
African Oil Giant Paves Way To Sell Stake After Aramco Splash
INTERNATIONAL – Nigeria is considering selling shares in its state oil company, which dominates Africa’s biggest petroleum industry and has…
FG Inaugurates Survival Fund For 333,000 Artisans, Transporters
The Federal Government, on Thursday, formally inaugurated the artisans and transport sector track of the N75bn MSME Survival Fund and…
40% Of Bank Deposit In Dollar As Customers Move To Mutual Funds
About 40 per cent of bank deposits in the top 10 banks in the country are in dollars as Nigerians…
FG Will Complete $1.6bn Lagos-Ibadan Railway December
The $1.6bn Lagos-Ibadan railway project will be completed in December this year or early January 2021, the Minister of Transportation,…
Canada Denying Nigerians Visas Unfairly – Envoy
Nigeria’s High Commissioner to Canada, Amb. Adeyinka Asekun, says the host country is unfairly denying a lot of Nigerians visas…
We Will Report You To Buhari, Group Tells CBN Governor
The President of the Federated Commodity Association of Nigeria (FACAN), Victor Iyama, said his group will inform President Muhammadu Buhari…
Drydocks Begins Nigeria Project
Drydocks World, the service provider to the marine, offshore, oil, gas and renewable energy sectors, held a steel-cutting ceremony to…
Sterling Falls After EU Dismisses UK ‘Spin’
Sterling was set to end at a loss on Thursday after markets swung on contradicting assessments of prospects for Britain…
Nigeria Spends $5bn On Food Import, $1.5bn On Milk Annually
The Federal Ministry of Agriculture and Rural Development (FMARD) has estimated that Nigeria spends $5 billion to import foods annually…