Nigeria Stocks Rise To 9-Month High After Curfews Imposed Last Week Eased
Nigerian stocks climbed to a nine-month high on Wednesday after round-the-clock curfews imposed last week to curb protests over alleged…
Day: October 28, 2020
Nigeria Is Spending $35 Per Capita To Combat COVID-19, Aig-Imoukhuede Says
Sub-Saharan Africa Governments do not have the firepower required to throw a blanket over the virus and as such need…
Bank Of Canada Holds Rate Steady, Says COVID-19 Economic Recovery Likely By 2022
OTTAWA — The Bank of Canada kept its key interest rate on hold Wednesday as it said the country’s economy…
CBN Debits Banks Of CRR Worth N926.4bn For Breaching Lending Requirements
The Lagos State Government has announced total closure of the Adekunle to Adeniji section of the Third Mainland Bridge for…
Oil Plunges 5% As Coronavirus Cases Surge, U.S. Crude Stockpiles Swell
Oil prices dropped 5% to a three-week low on Wednesday as surging coronavirus infections in the United States and Europe…
FG To Take Over 10 Airports From State Governments
The federal has disclosed plans to take over 10 airports from State governments to help boost the aviation sector. Minister…
Cash-Strapped Customers Groan As Long Queues Return To Banks In Edo
Customers in Edo State on Wednesday, experienced difficulties in making financial transactions owing to the continuous closure of some banks…
Purchasing Managers’ Index Contracts In October
The Manufacturing Purchasing Managers’ Index (PMI) stood at 49.4 index points in October, indicating slowing contraction in the manufacturing sector…
Sterling Drops Vs Dollar; One-Week Volatility Jumps Ahead Of U.S. Elections
Sterling fell against a strengthening dollar on Wednesday as markets turned risk-averse in light of a resurgence of COVID-19 infections…
How Emefiele Saved The Economy From COVID-19
The Coronavirus pandemic (COVID-19) took the world by storm in a manner that inflicted destruction, the like that can only…
Nigerian Army Says It Intervened In Protests At Lagos Government’s Request
Nigeria’s Lagos state government asked the army to intervene to restore order amidst anti-police brutality protests, but soldiers did not…
Bank Of England Gives Banks Breathing Space Over Crisis Plans
Britain’s main banks will have extra time before they have to say publicly how they could be closed down in…
Travel Agents Bemoan Fakery, Illegal Operators
Travel agencies have again raised concerns over the activities of illegal operators, touts and fake agencies that have continued to…
Euro Dips On French Lockdown Fears, U.S. Vote Drives Volatility Gauges Up
The dollar rose against the euro on prospects of a national coronavirus lockdown in France, with implied volatility gauges in…
Libor’s End Is A Game Changer For Global Finance
For about 50 years, the London interbank offered rate has helped determine the cost of borrowing around the world. Libor,…
Fresh Concerns Over $17 Billion Yearly Freight Loss To Foreign Shipping Lines
Stakeholders in the maritime industry have expressed displeasure over the yearly $17 billion revenue loss to foreign ship owners due…
Nigerian Considers Social Media Regulation In Wake Of Deadly Shooting
Nigeria’s information minister said “some form of regulation” could be imposed on social media just a week after protesters spread…
Euro Wilts As Coronavirus Lockdown Worries Hurt Sentiment
The euro fell against the dollar on Wednesday following a media report that France’s government was leaning toward reinstating a…
WTO Panel Recommends Nigeria’s Candidate for Top Post
Nigeria’s former finance minister Ngozi Okonjo-Iweala received a key endorsement Wednesday from the World Trade Organization’s selection committee, moving her…
Manufacturing Sector Hits Sixth-Month Slow Growth
The Purchasing Managers Index for the manufacturing sector which started contracting in May recorded another contraction in October according to…
Bank Closure Leaves Customers Stranded In Abakaliki
The continued closure of commercial banks in Abakaliki, the Ebonyi State capital, in the wake of the violent EndSARS protests…
Nigeria’s Manufacturing Sector Contracts For Sixth Consecutive Month
The manufacturing Purchasing Managers’ Index (PMI) in October stood at 49.4 index points, indicating a contraction in Nigeria’s manufacturing sector…
UK Reopens Visa Application Centre’s In Nigeria
The United Kingdom High Commission has announced the reopening of its visa application centres in Nigeria. This is coming barely…
CEOs Of World Exchanges To Review Nigeria’s Economy
The Chief Executive Officer of World Federation of Exchanges, Nandini Sukumar and his NASDAQ Exchange’s counterpart, Adena Friedman, will appraise…
Bitcoin Further Gains 5.4% As Naira Trades Flat At FX Market
Business Post gathered from data sourced from Quidax, a platform used for trading cryptocurrencies in Naira in Nigeria, that other…
Analysis: Will Nigeria Yield In Oil Deal Wrestling Bout With Shell And Eni?
High profile courtroom dramas involving multiple sides often have the feel of a WWE Smackdown wrestling match: titanic egos clashing…
ECB Stimulus Signal Sought As Euro Economy Sinks Into Gloom
The European Central Bank will get much of the evidence it needs this week to justify adding more monetary stimulus…
Nigeria: Okonjo-Iweala Elected WTO DG
Ngozi Okonjo-Iweala, Nigeria’s nominee for the office of the director-general of the World Trade Organisation, has emerged winner of the…
Yuan’s Rally Under Test After Banks Tweak Daily Reference Rate
The recent strength in China’s currency faces a new hurdle after the nation’s banks abandoned inclusion of a key factor…
FG To Build New Airports In Anambra, Benue, Others —Sirika
The Minister of Aviation, Hadi Sirika, said on Tuesday that the Federal Government would construct 10 new airports across the…