Africa And The World Continue To Allow Illegal Capital Flight
Despite having so much to gain from them, Africa’s role in negotiations to reform international tax is negligible It’s been…
Month: October 2020
Dollar Holds Gains, Oil Currencies Fall After Trump Positive COVID Test
The U.S. dollar and the safe-haven Japanese yen clung to their earlier gains on Friday after U.S. President Donald Trump’s…
‘FG Aggressively Developing Gas-To-Power Infrastructure, Exploration’
The Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Mele Kyari, has said the Federal Government is aggressively pursuing other…
Next Africa: Nigeria’s Buhari Stakes His Legacy On Oil Reform
Nigerian President Muhammadu Buhari has been derided by critics as inept and indecisive on the economy, with some giving him…
CBN Says Nigerian Youth Investment Fund Is Coming Soon
The Central Bank of Nigeria (CBN) has announced that its Nigeria Youth Investment Fund (NYIF) will soon be disbursed. The…
Freight Forwarders, Others Seek Government Support
Freight forwarders and customs brokers under the aegis of the Association of Nigerian Licensed Customs Agents have tackled the government…
Canadian Dollar Seen Higher If Commodity Prices Rebound
The Canadian dollar is set to gain more than 2% against its U.S. counterpart in a year as an expected…
Lagarde Plans For Digital Euro As Alternative To Cash
A digital version of the euro could be on the way as the European Central Bank set out its plans…
African Oil Giant Paves Way To Sell Stake After Aramco Splash
INTERNATIONAL – Nigeria is considering selling shares in its state oil company, which dominates Africa’s biggest petroleum industry and has…
FG Inaugurates Survival Fund For 333,000 Artisans, Transporters
The Federal Government, on Thursday, formally inaugurated the artisans and transport sector track of the N75bn MSME Survival Fund and…
40% Of Bank Deposit In Dollar As Customers Move To Mutual Funds
About 40 per cent of bank deposits in the top 10 banks in the country are in dollars as Nigerians…
FG Will Complete $1.6bn Lagos-Ibadan Railway December
The $1.6bn Lagos-Ibadan railway project will be completed in December this year or early January 2021, the Minister of Transportation,…
Canada Denying Nigerians Visas Unfairly – Envoy
Nigeria’s High Commissioner to Canada, Amb. Adeyinka Asekun, says the host country is unfairly denying a lot of Nigerians visas…
We Will Report You To Buhari, Group Tells CBN Governor
The President of the Federated Commodity Association of Nigeria (FACAN), Victor Iyama, said his group will inform President Muhammadu Buhari…
Drydocks Begins Nigeria Project
Drydocks World, the service provider to the marine, offshore, oil, gas and renewable energy sectors, held a steel-cutting ceremony to…
Sterling Falls After EU Dismisses UK ‘Spin’
Sterling was set to end at a loss on Thursday after markets swung on contradicting assessments of prospects for Britain…
Nigeria Spends $5bn On Food Import, $1.5bn On Milk Annually
The Federal Ministry of Agriculture and Rural Development (FMARD) has estimated that Nigeria spends $5 billion to import foods annually…
NIS Introduces New Visa Fees
The Nigeria Immigration Service (NIS), has introduced new visa fees for all countries which takes effect from the first of…
How The Year 2020 Confounded Wall Street Strategists
Bank of America Corp’s BAC.N strategists cut their year-end forecasts for the S&P 500 index twice this year, trailing the U.S. stock…
Nigeria May Sell Stake In State Oil Company In Industry Overhaul
A long-awaited bill that could reorganize the petroleum industry of Nigeria, Africa’s biggest crude producer, makes provision for a possible…
OPEC September Oil Output Rises For Third Month On Libya Restart, Iran
OPEC oil output has risen for a third month in September, a Reuters survey found, as a restart of some…
Manufacturers’ Outstanding Dollar Demands Hit $729,450,430
The inability of manufacturers to access foreign exchange for the importation of raw materials, equipment and machinery has led to…
It Makes No Sense For Oil To Be Cheaper In Nigeria Than Saudi Arabia
The President, Major General Muhammadu Buhari (retd.), says it makes no sense for Nigeria to sell petroleum products at prices…
Nigeria: 60 Years Of Independence, But Not From Oil
As Nigeria prepares to celebrate 60 years of independence on October 1, many say there isn’t much cause for cheer.…
Update1-Nigeria’s Cabinet Proposes 3% Economic Growth Target For 2021 Budget
Nigeria’s cabinet proposed on Wednesday a 3% economic growth target and an 11.95% inflation target for its 2021 budget, a…