FGN Proposes Unprecedented Deficit To Drive Economic Recovery
2021 Budget of Economic Recovery and Resilience President Muhammadu Buhari presented the 2021 proposed budget, titled the Budget of Economic…
Day: October 12, 2020
Protesters Invade Police Station, Release Kidnap Suspects
The protest turned violent in the Surulere area of Lagos as protesters besieged the Anti Kidnapping Unit of the Command,…
IMF And World Bank Must Lend More To Africa’s Stricken Economies, Critics Say
Multilateral institutions like the World Bank and the IMF have come under fire from African ministers and economists who say…
Nigeria’s 2021 Budget Of Economic Recovery And Resilience
Following the approval of the 2021 – 2023 Medium-Term Expenditure Framework and Fiscal Strategy Paper, President Buhari has presented the…
A Budget Of Many Spurious Assumptions
Increasingly, Nigeria’s yearly appropriations are gaining more weight. The 2021 estimate President Muhammadu Buhari presented to the National Assembly last…
Leverage Agriculture To Boost Foreign Exchange Earnings, NBCC President Advises
President of the Nigerian-Belgium Chamber of Commerce (NBCC), Timi Austen-Peters, has said that the potential in the agriculture sector can…
Liverpool Businesses Ordered Shut As ‘Traffic Light’ Lockdown System Confirmed
Pubs and bars in Liverpool face closure from Wednesday, after UK prime minister Boris Johnson announced tougher new restrictions to…
Naira Gains N8 As Equities Make N778bn
THE naira appreciated by N8 in the last one week at the parallel market and the equities market recorded major…
Oil Prices Fall As Supply Concerns Ease
Oil prices fell on Monday as force majeure at Libya’s largest oilfield was lifted, a Norwegian strike affecting production ended…
FEC Approves $3.02bn Port Harcourt/Maiduguri Railway Project
Oil prices fell on Monday as force majeure at Libya’s largest oilfield was lifted, a Norwegian strike affecting production ended…
FG Extends Suspension Of New Electricity Tariff By One Week
The federal government and the organised labour last night resolved to extend the suspension of the new electricity tariffs by…
Apapa Gridlock: Maritime Workers Issue 21-Day Ultimatum, Threaten Strike
The Maritime Workers Union of Nigeria has identified four shipping companies responsible for the gridlock caused by heavy duty trucks…
Retirement Age Increase Worsens Youth Unemployment –ABCON
The Association of Bureaux De Change Operators of Nigeria has cautioned the government against increasing the retirement age. ABCON stated that…
Currency Slump Inducing Cryptocurrency Transaction In Africa
At a time like this when the global pandemic has put more countries than ever imagined in a state of…
Exporters Call For Payment Of N200bn Outstanding EEG Debt
The Manufacturers Association of Nigeria Export Promotion Group (MANEG) has called on the Federal Government to pay the outstanding Export…
FACAN Rallies To Unban Nigeria From EU
THE President, Federation of Agricultural Commodity Associations of Nigeria (FACAN), Dr Victor Iyama, has urged for efforts to get Nigeria…
Sterling Holds Above $1.30 Ahead Of New Lockdown Measures
Sterling edged lower against the dollar on Monday with British Prime Minister Boris Johnson expected to announce new restrictions as…
Dollar Sticks Near Three-Week Lows As Markets Bet On Eventual U.S. Stimulus
The dollar held near three-week lows on Monday amid optimism about fiscal stimulus in the United States, while the yuan…
Yuan’s Gains May Be Capped After PBOC Cuts Shorting Costs
The yuan came under pressure in early Monday trade, dragging regional counterparts lower with it, after authorities made it easier…
CBN To Enforce Banks’ Compliance With SWIFT Code
The Central Bank of Nigeria has ordered banks to comply with the SWIFT universal payment confirmation. It stated this in…
Canadian Experts Push For Cultivation Of Non-Intoxicating Cannabis In Nigeria
Experts from Canada have started pushing for the cultivation and development of non-intoxicating Cannabis, Cannaidiol (CBD oil) and industrial hemp…
Stakeholders Say Multiple Exchange Rates Benefitting Few
Stakeholders in the financial sector have decried the multiple exchange rates in the country, saying it is fueling unwholesome practices…
Onne Customs Rakes In N13.1bn, Highest In 37 Years
The Nigeria Customs Service (NSC), Area ll Command, Onne Port, Rivers State has announced that it generated a total of…
Challenges Of Foreign Private Investment In Nigeria
NIGERIA has witnessed a steady decline in Foreign Direct Investment in recent time. According to data from the National Bureau…
Nigeria Imports Paper Worth N3tn Annually
The President/Chairman in Council, Chartered Institute of Professional Printers of Nigeria, Olugbemi Malomo, in this interview with NIKE POPOOLA, speaks…
AfCFTA Take-Off: Nigeria Remains Most Sought-After Bride
Ahead of the planned takeoff of the much hyped African Continental Free Trade Agreement (AfCFTA) in January 2021, for the…
Yuan’s Haven Status Won’t Stick Until China Relaxes Its Controls
When the world’s financial markets hit turbulence, could you really turn to China’s yuan as a store of value? The…
Nigeria At 60: Whither The Capital Market?
Not unmindful of the floatation of a development stock by the Colonial government in 1946, the doors of a formal…
SARS Ban: Nigeria Abolishes Loathed Federal Special Police Unit
Nigeria has dissolved the special police force at the centre of protests against police brutality. The government said a special…