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…
Month: October 2020
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…
Gunfire In Nigeria’s Lagos As Curfew Imposed: Witnesses
Footage posted on social media shows several hundred people out demonstrating, in defiance of a curfew imposed hours earlier by…
End SARS: US Embassy Shuts Consulate General, Tells Citizens What To Do
United States Embassy and Consulate in Nigeria has warned American citizens to avoid areas around protests and demonstrations. The Embassy…
Pound In Focus As UK Rebuffs EU Offer To Intensify Talks
A UK minister said there was “no point” in intensified Brexit talks without the EU changing its stance, rebuffing an…
Reps Give CBN 48 Hours Ultimatum To Review Frozen Accounts
The House of Representatives has asked the Central Bank of Nigeria (CBN) to within 48 hours commence a review of…
Naira Slides To N460 As BDCs Receive Over $50m Amid EndSARS Protest
Nigeria’s currency on Tuesday exchanged with the dollar at N460, depreciating by N1.00k from N459 it stood since last week…
Delta Airlines Cancels Two More Flights Over #EndSARS Protests In Nigeria
The airline cancelled Flight 248 from Atlanta, United States, to Lagos, Nigeria, and Flight 249 from Lagos to Atlanta scheduled…
Nigeria Pays Oil Majors $3 Billion, Moving Closer To Ending Arrears Due
Nigeria reimbursed oil companies including Exxon Mobil Corp. and Royal Dutch Shell Plc $3 billion, moving closer to clearing operating…
CBN Raises Red Flag Over COVID-19 Financing
The Central Bank of Nigeria has advised all financial institutions to be abreast with emerging risks and other developments while…
How To Attain NNPC’s $10/Barrel Target’
Experts at a Zoom conference last Wednesday have shown the way on how to attain the $10 cost per barrel…
Yuan Stands Tall On China Recovery, RBA Weighs On Aussie
The yuan held near a two-year high against the dollar in offshore trade on Tuesday, on signs of China’s robust…
Europe’s Central Banker: Recovery ‘Risks Losing Momentum’
FRANKFURT — The head of the European Central Bank says the economic recovery from the coronavirus pandemic “risks losing momentum”…
Nigeria’s Battered Farmers To Get $20 Million To Aid Crop Output
Mary Daniel, a slight woman in her 40s, weeds by hand a field dotted with trees and scraggly sesame plants.…
External Reserves Drop To $35.67bn
Data from the Central Bank of Nigeria (CBN) show that the reserves fell to $$35.672 billion on Thursday last week…
Losses Mount From Nigerian Police Brutality Protests
Protests against police brutality in Nigeria, Africa’s largest oil producer, have cost the economy an estimated 700 billion naira ($1.8…
Dry Port Operators Charge Customs, Others On Efficiency
Operators have urged the Nigeria Customs Service (NCS) to create a platform for operations of inland containers dry port. They…
Oil Marketers Worry About Possible Unrest When Prices Rebound
Petroleum marketers have urged the Federal Government to take decisive steps in addressing deregulation concerns in the downstream sector to…
Govt To Remove Expiry Dates From National ID Card
The Minister of Communications and Digital Economy, Dr. Isa Pantami, has disclosed that the federal government is working towards removing…
Dollar Up, Pelosi Stimulus Deadline Nears
The dollar was up on Tuesday morning in Asia, with doubts over the status of the latest U.S. stimulus measures…
Sterling Neutral As Traders Hope For Brexit Trade Deal
Sterling traders kept the currency afloat on Tuesday as they searched for clues on how likely it was for Britain…
AfCFTA To Boost Intra-African Trade – Secretary-General
The implementation of the African Continental Free Trade Area (AfCFTA) will significantly boost intra-African trade within the next 10 years.…
Volume Of Trading Falls As Investors Remain Cautious
Trading volume at the stock market declined by 41.3 per cent yesterday as investors adopted cautious trading. Investors exchanged 287.3…