EM Investors Start To Put Vote Jitters Behind Them
Emerging-market investors are beginning to factor in a victory for Joe Biden in next month’s election, a likely boon for…
Day: October 10, 2020
PwC Predicts 30% Unemployment Rate By Year-End
PricewaterhouseCoopers says Nigeria’s unemployment rate can rise to 30 per cent by the last quarter of the year amid slow…
Norway Oil Strike Ends After Wage Agreement
An Equinor employee talks to a reporter on a rig used to produce oil from the Johan Sverdrup oil field…
UK Chancellor Announces ‘Local Furlough’ Scheme And Business Grants
Chancellor Rishi Sunak has announced new support for businesses and employees hit by local lockdowns. The chancellor on Friday said…
Banking Sector Credit Rises To N18.90tn Nationwide
The total banking industry credit to customers in the 36 states of the federation and Federal Capital Territory (FCT) rose…
CBN’s $450m Inflow To BDCs Stabilise Naira
The Central Bank of Nigeria (CBN) has injected over $450 million into the Bureau De Change (BDC) segment of the…
Nigeria Not Looking To Issue Eurobonds, Vice President Says
Nigeria will avoid issuing Eurobonds due to their expense, Vice President Yemi Osinbajo said, and will look at alternative ways…
Police Fire Teargas At Nigerians Protesting At Alleged Brutality, Witnesses Say
Nigerian police used teargas on Friday to disperse dozens of people in the capital Abuja who had gathered to protest…
Nigeria’s Forex Devaluation Timeline – 2020
Speculations started March 12 that the naira might be devalued. This is a timeline of every decision taken since the…
Canadian Dollar, ‘Super-Charged’ By Jobs Data, Posts One-Month High
The Canadian dollar strengthened against its U.S. counterpart on Friday to notch its biggest weekly advance in four months, driven…
Nigeria’s NSA Says $1.8bn ‘Wasted’ On N/Delta Amnesty
Nigeria’s National Security Adviser, Babagana Monguno says he has advised the country’s President Muhammadu Buhari to end the Niger Delta…
CBN Directs Banks To Confirm Swift Transactions Within 2 Business Days
The Central Bank of Nigeria (CBN) has directed all deposit money banks to ensure full compliance with Swift Universal Confirmation…
Nigeria Stock Market Drops Further By N68bn
The bears maintained dominance on the Nigerian Stock Exchange on Friday with the market capitalisation declining further by N68 billion.…
Next Africa: A Chance To Be Heard At The WTO
Ngozi Okonjo-Iweala’s advance to the final selection round for director-general of the World Trade Organization gives Africa a chance to…
Nigerian Airline To Test Direct Flights To Jamaica
A Nigerian airline is making history for the first time as it tests direct roundtrip commercial flights in December and…
Naira Gains Against The USD At The Bureau De Change, Parallel (“Black”) Markets…
In the just concluded week, Naira appreciated against the USD at the Bureau De Change as well as the parallel…
We’ll Expand Economy Through Gas Utilisation
Minister of State for Petroleum Resources, Timipre Sylva, has hinted that government intends to expand the country’s economy through effective…
Nigeria Pins Hopes On First Gold Project To Boost Mining Sector
Nigeria’s first industrial gold project is on course to enter production next year, and its success will be crucial for…
Nigeria Cherry-Picks Airlines
Nigeria has granted daily traffic rights to British Airways, Virgin Atlantic, and Turkish Airlines, while continuing to ban other European…
60 Immigration Officials Sacked Over Bribes — Official
The Comptroller General of the Nigeria Immigration Service, Muhammad Babandede, on Saturday, said 60 personnel have so far been sacked…