Business Dollar Weaker As U.S. Fiscal Stimulus Hopes Lift Risk Appetite October 6, 2020 Ekemini The dollar was on the defensive against most currencies on Tuesday as rising optimism that U.S. lawmakers could agree on new stimulus to blunt the economic impact of the coronavirus…
Business F.G Considers Tax Holiday For Maritime To Cushion COVID-19 Effect October 6, 2020 Ekemini Poised to stimulate investment and boost activities amid the downturn induced by COVID-19, the Federal Ministry of Transportation is seeking a package of tax incentives for the in the maritime…
Business Nigeria Battles Covid-19 With New Small Business Support Fund October 6, 2020 Ekemini Nigeria will help cushion small business owners impacted by the coronvirus with grants from a 75 billion naira ($195.5 million) fund, its trade and investment ministry said. Close to a…
Business The Plantation City In Warri Enters Nigeria’s Premium Real Estate Market October 6, 2020 Ekemini Nigeria’s real estate hubs are listed as Lagos, Abuja and Port Harcourt. Well, that was before The Plantation City, a well-coordinated community, evolved in Warri, Delta State. Bennett Oghifo writes…
Business 2021 Budget: Expert Tasks FG On Monitoring, Evaluation For Enhanced Performance October 6, 2020 Ekemini A financial expert, Dr Glenn Prince-Abbi, on Monday urged the Federal Government to map out strategies for proper monitoring and evaluation of national budget to ensure enhanced performance. Prince-Abbi, the…
Business Foreign Reserves Face Further Decline As Export Revenue Crisis Worsens October 6, 2020 Ekemini Nigeria’s international reserves, which opened at $38.100bn in January, 2020 may face further decline before the end of the year as the country confronts an expert revenue crisis triggered by…
Business Local Nigeria’s Foreign Borrowings Surge By Over 400% In 10 Years October 6, 2020 Ekemini Nigeria’s foreign borrowing in the past 10 years has ballooned more than five-folds, an analysis by TheCable has shown. Nigeria, like the rest of the world, has been grappling with…
Business Sterling Tops $1.30 As Investors Push Back Negative Rate Expectations October 6, 2020 Ekemini Sterling climbed above $1.30 on Tuesday for the first time in three weeks as investors pushed back expectations for when the Bank of England would cut interest rates below zero.…
Banking Bank Offers Salary Advance To Non-Customers October 5, 2020 Ekemini Polaris Bank has re-launched its popular Salary Advance with an added capability of enabling non-account holders to access quick funds with the same speed and ease as its customers. The…
Business IATA: COVID-19 Will Dip Africa’s GDP By $37b October 5, 2020 Ekemini The International Air Transport Association (IATA) has warned that the damage being done to the African aviation industry and the continent’s economies because of COVID-19 will trigger a dip in…
Business Oil Prices Rebound As Investors Watch Trump’s Health Condition Following His Covid-19 Diagnosis; Asia-Pacific Stocks Rise October 5, 2020 Ekemini SINGAPORE — Oil prices saw a rebound in Monday trade following a Friday drop as investors continue to watch for developments on U.S. President Donald Trump’s health after he tested…
Business Capital Market Calls For Review Of Economic Architecture October 5, 2020 Ekemini LEADING capital market experts and financiers have called for a comprehensive review of economic architecture to reintegrate economic policies with the country’s growth agenda. In a review of the economic…
Business Nigeria Widens Markets’ Depth With Central Counterparty Clearing Houses October 5, 2020 Ekemini NIGERIA’s apex capital market regulator, Securities and Exchange Commission (SEC), has granted approval to NG Clearing Limited and FMDQ Clear Limited to launch the country’s first central counterparty clearing (CCP)…
Africa Nigeria Is African Market With Greatest Online Potential, Say SBC Digital Summit Africa Experts October 5, 2020 Ekemini The dollar index slipped slightly on Monday but was little changed from Friday’s close as financial markets waited for news about U.S. President Donald Trump’s health and developments in fiscal…
Business Saudi Arabia Pegs Budget To Oil At Around $50, Goldman Says October 5, 2020 Ekemini Saudi Arabia’s Finance Ministry is budgeting for oil prices to be around $50 a barrel for the next three years, according to a Goldman Sachs Group Inc. analysis of the…
Local Nigerian Police Personnel Banned From Searching Phones, Laptops October 5, 2020 Ekemini Nigeria’s Inspector general of police Mohammed Adamu on Sunday banned personnel of the police from indiscriminate searching of mobile phones and laptops. “All Tactical Squads must also desist from the…
Business Dollar Holds Breath Waiting For Trump Health Updates, Fiscal Package October 5, 2020 Ekemini The dollar index slipped slightly on Monday but was little changed from Friday’s close as financial markets waited for news about U.S. President Donald Trump’s health and developments in fiscal…
Business Nigeria To Bar Vessels Without Licences From Operating In Nigerian Waters October 5, 2020 Ekemini Nigeria plans to bar vessels without a valid licence to operate in Nigerian waters and has given shipping companies that trade in its coastal and inland waters three months to…
Business Local $10 Billion Is Lost Annually To Illegal Fishing October 5, 2020 Ekemini The Minister for Transportation, Mr. Rotimi Amechi, has revealed that US$10 billion is lost annually to illegal fishing, stating that dumping of toxic waste and indiscriminate use of plastics is…
Business Sterling Slightly Weaker Vs Euro, Focus Remains On Brexit October 5, 2020 Ekemini Sterling fell against the euro on Monday, although not by much, and most analysts say they now expect Britain and the European Union to meet the transition deadline and soon…
Business Oil Firms’ Debts Near N5tn Amid Price Collapse October 5, 2020 Ekemini The debts owed by oil and gas companies to Nigerian banks rose by N90bn in the second quarter of this year to nearly N5tn as many operators struggle to stay…
Business Local Record-Breaking $86bn Debt Leaves Nigerians Stunned October 5, 2020 Ekemini Nigeria’s debt of $85.9 billion, the highest in history, has become the talking point even as the country celebrates its 60th anniversary. The pressure on the economy has caused an…
Business Foreign Venture Capital Firms Killing Nigerian Businesses, Group Cries Out October 5, 2020 Ekemini The Business Founder Coalition (BFC), which is made up of Nigerian entrepreneurs has cried out to the federal government to protect Nigerian enterprises from being hijacked by foreign predatory venture…
Business Local CBN: Nigeria’s Foreign Reserve To Drop Below $34.3bn By December October 5, 2020 Ekemini The Central Bank of Nigeria (CBN) says Nigeria’s foreign reserves will drop below $34.3 billion by the end of December 2020. The apex bank made this known in its report…
Business AfCFTA – Rules Of Origin Negotiations At Concluding Stages October 5, 2020 Ekemini The Acting Director General of the Nigerian office of Trade Negotiations, Liman Victor Liman has said that his office has negotiated and almost concluded the rules of origin to pave…
Business Local €85 Mn Of Cargo Thefts From Supply Chains In EMEA In H1 2020: TAPA October 5, 2020 Ekemini Over €85 million of products were stolen from air, road, sea and rail freight supply chains in 46 countries in the Europe, Middle East & Africa (EMEA) region in the…
Business Local NSE Set To Launch West Africa’s First Exchange Traded Derivatives October 5, 2020 Ekemini There are indications that the launch of West Africa’s first Exchange Traded Derivatives (ETDs) on the Nigerian Stock Exchange, NSE would happen soon following the registration of NG Clearing and…
Business Commissioner Seeks Quick Transfer Of Deceased Persons’ Assets October 5, 2020 Ekemini The Lagos State Attorney General and Commissioner for Justice, Mr Moyosore Onigbanjo (SAN), has urged relatives of deceased persons to take steps early towards obtaining letters of administration for the…
Business China’s Tech Giants Face ‘New Business Realities’ Across The World October 5, 2020 Ekemini GUANGZHOU, China — China’s technology giants — like their U.S. counterparts — have seen business thrive during the coronavirus pandemic. But the tech industry is at a crossroads, facing an…
Business Dow Futures Rise In Overnight Trading As Investors Monitor Trump’s Health October 5, 2020 Ekemini Stock futures rose in early morning trading on Monday as investors brace for another volatile week with President Donald Trump’s hospitalization adding more uncertainty to the market outlook ahead of…
