Oil Falls After Report Shows Surprise U.S. Crude Stockpile Gain ğ5g
Oil dropped after an industry report pointed to a surprise increase in American crude stockpiles, countering optimism over a potential…
Day: October 21, 2020
New Export Deal To Boost Non-Oil Earnings
A Nigerian firm, Free on Board (FOB) Global Logistics, has secured a purchase order to supply 30 tonnes of yam,…
CBN Reads The Riot Act To Shipping Companies
The Central Bank of Nigeria (CBN), has flayed the non-compliance of shipping lines to the directive by the Federal Government…
The EU Makes Market History With Record Demand For Its ‘Social’ Bonds
LONDON —The European Union has made a historic debut on the bond markets as it looks to fund the region’s…
Dollar Broadly Weaker As Traders Await U.S. Stimulus Breakthrough
The dollar extended its losses against a basket of currencies to hit a seven-week low on Wednesday after U.S. President…
Nigerians Kick As Govt Makes Move To Apply For $11bn Loan To Construct Lagos-Calabar Rail Line
Nigerians have condemned the move as announced by Minister of Transportation, Chibuike Amaechi, Tuesday, that the Federal Government was set…
Bank To Commence BVN Registration For 774,000 SPW Jobs
Heritage Bank Plc has said it is set to commence the account opening with Bank Verification Numbers for the earmarked…
The Nation Newspaper Head Office On Fire
The development comes hours after the head office of Television Continental (TVC) was torched. Bola Tinubu, national leader of the…
Clearing Agents Fret Over Non-Refund Of Rent Waivers
Seven months after the Federal Government directed waivers on rent at the seaports due to the effects of COVID-19 lockdown,…
NDIC: Rising Public Debt, Bad Loans Threat To Financial Stability
The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has said the rising public debt stock as…
Lagos Suspends State Activities For 3 Days Over #EndSARS
n view of the current situation in Lagos State and the nation at the moment, Governor Babajide Sanwo-Olu has directed…
Sterling Jumps 1.7% As Brexit Talks Resume
Sterling soared on Wednesday to a six-week high and 1.7% on the day against the U.S. dollar after a Bloomberg…
Sunak Says Of Soaring Borrowing: Things Could Have Been Far Worse
After statistics showed state borrowing had soared while tax receipts had fallen, British finance minister Rishi Sunak said on Wednesday…
Dollar Down, Trump Willing To Go Bigger On Stimulus Than Democrats
Investing.com – The dollar was down on Wednesday morning in Asia over continued optimism over the U.S. Congress passing the…
New Terminal To Offload 5,000 Containers From Apapa, Ease Congestion
There appears a sigh of relief for importers from the traffic gridlock experienced on the Apapa and Tin Can Island…
Nigerian Protesters Defy Curfew After Deadly Crackdown
Hundreds of young Nigerians defied a lockdown and returned to the streets of Lagos, Africa’s most populous city, a day…
FG Excludes Foreign Firms From Contracts Below N5bn
The Federal Government on Tuesday declared that contracts not above N5bn would no longer be awarded to any foreign firms…
House Gives CBN Deadline To Unfreeze Over 5,000 Accounts
The House of Representatives has called on the Central Bank of Nigeria (CBN) to review its decisions that led to…
Nigeria President Calls For Calm Amid Reports Of Protesters Shot Dead In Lagos
Demonstrators against police brutality reportedly killed after security forces opened fire BY Emmanuel Akinwotu in Lagos and Jason Burke Africa…
Nigeria Sovereign Eurobonds Fall After Soldiers Fire On Protesters
Nigeria sovereign Eurobonds fell more than 2 cents on the dollar on Wednesday after soldiers fired at protesters a day…
Oil Price Rises To $43
Oil gained more than one per cent on Tuesday on the prospect the United States nearing a deal on coronavirus…
Nigeria Pays Oil Majors $3 Billion For Past Operational Dues
Nigeria reimbursed oil companies including Exxon Mobil Corp. and Royal Dutch Shell Plc $3 billion, moving closer to clearing operating…
The Political Awakening Of Nigeria’s Youth
On the 1st of October 2020, Nigeria marked 60 years of independence from British colonial rule. But rather than a…
Biotech Cowpea May Fetch Nigeria $638m In Six Years
The Open Forum on Agricultural Biotechnology (OFAB), a biotechnology informative platform, says Nigeria could rake in $638 million in six…
Amnesty: Credible Reports Protesters Shot Dead In Nigeria
LAGOS, Nigeria (AP) — Amnesty International said late Tuesday there was “credible but disturbing evidence” that security forces in the…
CBN Orders Banks To Clamp Down On COVID-19 Financial Crimes
The Central Bank of Nigeria has advised all banks to update alert protocols in their Anti-Money Laundering/Combating the Financing of…
Nigeria Stock Market Records N4bn Growth
The Nigerian Stock Exchange (NSE) market indices on Tuesday recorded a marginal growth of 0.03 per cent following gains by…
Epic S&P 500 Rally Is Powered By Assets You Can’t See Or Touch
Take all the physical assets owned by all the companies in the S&P 500, all the cars and office buildings…
Uber Says Engineer Is On His Own For $180 Million To Google
Uber Technologies Inc. says a guilty plea by its former star engineer is proof that he’s a liar — and…
Nigeria Unrest: Protesters ‘Shot’ In Lagos As Millions Put Under Curfew
Protesters have come under gunfire in Nigeria’s biggest city, Lagos, eyewitnesses and local media say, amid continuing anger over police…