An Escalating Labor Strike Could Soon Wipe Out Almost 25% Of Norway’s Oil And Gas Production
A strike by workers in the Norwegian oil sector could soon wipe out nearly one-quarter of the country’s petroleum output,…
Day: October 17, 2020
Nigeria’s Rising Inflation Worrisome, Experts Say
Two financial experts on Friday expressed concerns over the country’s rising inflation rate and urged the Federal Government to revisit…
Pound Drops As Boris Johnson Tells UK To Prepare For No Deal Brexit
UK prime minister Boris Johnson has told Britain to get ready for an “Australian” style Brexit but stopped short of…
Dollar Heads For Weekly Gain As Pandemic Recovery Stalls
The yen rose and the dollar was headed for its best week of the month on Friday, as surging coronavirus…
NNPC Reduced Losses By 99.7% In 2019
Barely five months after publishing its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation (NNPC), has released its 2019…
With 13.71% Inflation, Analysts List Ways to Grow Economy
Analysts yesterday called on the federal government to leverage on the COVID-19 pandemic and incentivise local food production, especially agribusiness,…
‘CBN Did Not Enter Into Any Trade Agreement With Zamfara’
The state government explained that it does not directly mine the gold for itself, but purchases the gold from the…
Hundreds Of Trucks Parked At Borders Stall African Trade Pact
Hundreds of trucks have been parked at Benin’s border for more than a year since its eastern neighbor Nigeria abruptly…
339 Foreign, Local Firms Bid To Sell Nigeria’s Crude Oil Grades
At least 339 crude oil trading companies applied for the sale and purchase of Nigerian crude oil grades contracts spanning…
Sterling Edges Up Ahead Of UK Decision On Brexit Negotiations
Sterling rose slightly on Friday but was still on track to end the week on a loss, as markets waited…
Forex, Infrastructure Hindering Readiness for Continental Trade – NACCIMA
The Nigerian Chamber of Commerce, Industry, Mines and Agriculture says access to forex, irregular electricity supply and poor infrastructure are…
Ecobank Organises Diaspora Summit; Showcases Remittance Products for Nigerians Overseas
Ecobank Nigeria has announced that it is providing financial services and remittance solutions designed to support and enhance the lifestyles…
You Can’t Control Minerals, FG Tells States
The Federal Government on Thursday told state governments that they could not control the mineral deposits in their various domains.…
Naira Gains 0.04% At Investors’ Window, Bitcoin Loses 0.13%
Despite the sharp rise in the demand for forex at the Investors and Exporters (I&E) segment of the market on…
I’m Not Aware Of Waiver For Foreign Vessels – Amaechi
The Minister of Transport, Rotimi Amaechi, has dismissed claims that he had knowledge of waiver granted to foreign vessels operators…
Court Vacates N24b Order Against Central Bank Of Nigeria
A Federal High Court in Abuja has set aside an order against the Central Bank of Nigeria (CBN) in respect…
ECB Chief Says Arsenal Of Economic Stimulus On Standby Amid Upsurge Of Coronavirus Cases In Europe
LONDON — European Central Bank President Christine Lagarde on Thursday said her organization would be prepared to impose further emergency…
Nigeria: Despite #EndSARS Protests, Investors Gain N121 Billion in Equities Trading
Investors this week gained N121 billion on the Nigerian equities market, in a trading week marred by #EndSARS protests in…