Naira Slides To 460/$ At Parallel Market
The naira fell slightly at the parallel market on Monday, as it exchanged to the dollar for N460/$ as of…
Month: October 2020
Wales Imposes Two-Week Lockdown: ‘Everybody Must Stay At Home’
Wales will impose a two-week “fire-break” lockdown from Friday in which everybody apart from essential workers must stay at home…
Can Billion-Naira Interventions Rescue The Agric Sector?
In the last 5 years, the CBN and the federal government have been pumping billions of naira into the Agric…
Euro Struggles As U.S. Deal Hopes Fade, COVID Spreads
The euro struggled to rise above the $1.18 level on Tuesday as fading hopes for a U.S. coronavirus aid package…
Oil Edges Lower As OPEC+ Keeps Its Next Moves Close To Chest
(Bloomberg) — Oil in New York fell slightly under $41 a barrel after the OPEC+ Joint Ministerial Monitoring Committee made…
Naira Sheds 0.04% At I&E On High Demand For Forex
The Naira opened the week on a negative note on Monday at the Investors and Exporters (I&E) segment of the…
Nigeria Venture Plans To Raise $1.2 Billion To Fix Power Gap
(Bloomberg) — A Nigerian venture plans to raise 480 billion naira ($1.2 billion) over the next three years to buy…
Pound Up As UK Officials Hint At Rewrite Of Lawbreaking Brexit Bill
The pound rose against the euro (GBPEUR=X) and dollar (GBPUSD=X) on Monday morning as traders digested media reports that UK…
Revisiting The African Continental Free Trade Area: Impact, Challenges And Opportunities
Trade is one of the key factors responsible for interaction among nation-states. It involves goods and services, and connects communities,…
Nigeria’s Lagos Imposes 24-Hour Curfew After Anti-Police Protests Turn Violent -Tweet
Nigeria’s Lagos state government on Tuesday imposed a 24-hour curfew, saying anti-police protests have “degenerated” into violence. The governor, Babajide…
FG Reiterates Commitment To Concession Onitsha River Port, Says Moghalu
The Federal Government on Monday reassured the business community in the South East of its commitment to concession the Onitsha…
In Thailand, A Free-Money Program Is Also A Data Experiment
Like many countries, Thailand is giving citizens cash transfers to help them ride out the coronavirus pandemic. But the military-backed…
Governors Call For End To Nationwide #EndSARS Protests
The 36 State Governors under the aegis of Nigeria Governors’ Forum (NGF) have called for end to the nationwide protests…
Death Toll Climbs As Nigeria Protests Spiral
Crowds have taken to the streets of Nigeria in protest against police brutality. The demonstrations come as the government disbanded…
I Am Proud That Young Nigerians Are Driving Change – We Will No Longer Be Ignored
Growing up in Nigeria, I heard of great activists, including Funmilayo Ransome-Kuti, a Nigerian educator, political campaigner and advocate for…
Nigerian Protesters Shut Down Africa’s Largest City, Escalating Standoff With Government
LAGOS, Nigeria—Tens of thousands of protesters brought the largest city in Africa to a standstill on Monday, mounting the biggest…
Oil Stable As Stimulus Hopes Run Up Against Fresh Virus Surge
(Bloomberg) — Oil traded near $41 as hopes for a last-ditch pre-election deal to inject more stimulus into the U.S.’s…
#EndSARS: Airlines Increase Airfare Of Domestic Flights
Following the ongoing protests against police brutality in the country, airfares on domestic routes have increased. The increase in the…
With Instagram, Hashtags And Bitcoin, Young Nigerians Boost Anti-Police Protests
Ozioma Egemasi says Nigerian police slapped, whipped and struck him with the butt of a pistol when he refused to…
Asian Trade-Related Currencies Strengthen After China Data
Asia’s trade-exposed currencies held firm on Monday as data showed China’s economic rebound from the pandemic accelerated in the third…
FOREX Reserves Down To $35.67b
Lekki Port LFTZ Enterprise Limited (Lekki Port), the developer of the Lekki Deep Sea Port under construction at the Lagos…
China Says Its Economy Grew 4.9% In The Third Quarter
BEIJING — China’s economy recovered further from the coronavirus in the third quarter, according to data released Monday by the…
Pelosi Gives White House 48 Hours To Reach Coronavirus Stimulus Deal Before Election
House Speaker Nancy Pelosi has called on the Trump administration to reconcile remaining disputes on coronavirus stimulus legislation within 48…
Edo Govt Declares 24-Hour Curfew
The Edo State Government hereby imposes a 24-hour curfew across the state until further notice. The curfew is to take…
NNPC’s Liabilities Exceed Assets By N4.4tn
The liabilities of the Nigerian National Petroleum Corporation as a group exceeded the assets of the oil firm by N4.4tn…
Lekki Deep Sea Port: Work Takes Off On Quay Wall Construction
Lekki Port LFTZ Enterprise Limited (Lekki Port), the developer of the Lekki Deep Sea Port under construction at the Lagos…
Wall Street Prepares For A Biden Victory, Higher Taxes And All
“I’m shocked, shocked!” Captain Renault’s famous line from Casablanca immediately came to mind as I read the New York Times’…
Govt Expecting One Million MT Steel From $1.5bn Plant
The Federal Government has said that the $1.5bn steel plant that is nearing completion in Kaduna State will attract automobile…
FG To Make Kano IDP Transit Port
The Executive Secretary/CEO of the Nigerian Shippers Council (NSC), Hassan Bello has said that the Kano Inland Dry Port (IDP)…
China Must Loosen Capital Curbs To Boost International Use Of Yuan, Says Former Bank Executive
British Airways is planning to shrink its presence at London Gatwick Airport as part of a “bounce-back” effort in the…