Business Sterling Bank Launches ‘Switch’ Free Money Transfer Service For Nigerians In Diaspora October 29, 2020 Ekemini Sterling Bank Plc has launched “a free money transfer service” for Nigerians in diaspora, called ‘Switch’, to promote financial inclusion, international banking and allied services for such Nigerians. Mr Shina…
Business World WTO Explains Leadership Election Quagmire October 29, 2020 Ekemini The World Trade Organisation selection committee explains the election quagmire. Link below: WTO Election committee explains leadership quagmire
Breaking Business World U.S. States Reason For Blocking Okonjo-Iweala At WTO October 29, 2020 Ekemini The Office of the U.S. Trade Representative has explained why the Trump administration is opposed to the selection of former Nigerian finance minister, Ngozi Okonjo-Iweala, as the director-general of the…
Local Nigeria Stocks Rise To 9-Month High After Curfews Imposed Last Week Eased October 28, 2020 Ekemini Nigerian stocks climbed to a nine-month high on Wednesday after round-the-clock curfews imposed last week to curb protests over alleged police brutality eased and investors piled into consumer goods shares.…
Local Nigeria Is Spending $35 Per Capita To Combat COVID-19, Aig-Imoukhuede Says October 28, 2020 Ekemini Sub-Saharan Africa Governments do not have the firepower required to throw a blanket over the virus and as such need assistance in combating the deadly coronavirus, according to Aigboje Aig-Imoukhuede…
Banking Business Bank Of Canada Holds Rate Steady, Says COVID-19 Economic Recovery Likely By 2022 October 28, 2020 Ekemini OTTAWA — The Bank of Canada kept its key interest rate on hold Wednesday as it said the country’s economy won’t fully recover what was lost to COVID-19 until 2022,…
Business Local CBN Debits Banks Of CRR Worth N926.4bn For Breaching Lending Requirements October 28, 2020 Ekemini The Lagos State Government has announced total closure of the Adekunle to Adeniji section of the Third Mainland Bridge for the second time from midnight of Friday 30th October to…
Business Oil Plunges 5% As Coronavirus Cases Surge, U.S. Crude Stockpiles Swell October 28, 2020 Ekemini Oil prices dropped 5% to a three-week low on Wednesday as surging coronavirus infections in the United States and Europe is leading to renewed lockdowns, fanning fears that the unsteady…
Business Local FG To Take Over 10 Airports From State Governments October 28, 2020 Ekemini The federal has disclosed plans to take over 10 airports from State governments to help boost the aviation sector. Minister of Aviation, Hadi Sirika, who disclosed this when he appeared…
Business Cash-Strapped Customers Groan As Long Queues Return To Banks In Edo October 28, 2020 Ekemini Customers in Edo State on Wednesday, experienced difficulties in making financial transactions owing to the continuous closure of some banks in the state. The closure of the bank’s branches were…
Business Local Purchasing Managers’ Index Contracts In October October 28, 2020 Ekemini The Manufacturing Purchasing Managers’ Index (PMI) stood at 49.4 index points in October, indicating slowing contraction in the manufacturing sector compared with the last five months. According to the Central…
Business Sterling Drops Vs Dollar; One-Week Volatility Jumps Ahead Of U.S. Elections October 28, 2020 Ekemini Sterling fell against a strengthening dollar on Wednesday as markets turned risk-averse in light of a resurgence of COVID-19 infections in Europe, which is prompting new lockdown measures and challenging…
Business Local How Emefiele Saved The Economy From COVID-19 October 28, 2020 Ekemini The Coronavirus pandemic (COVID-19) took the world by storm in a manner that inflicted destruction, the like that can only be associated with hurricanes. This disease that first reared its…
Local Nigerian Army Says It Intervened In Protests At Lagos Government’s Request October 28, 2020 Ekemini Nigeria’s Lagos state government asked the army to intervene to restore order amidst anti-police brutality protests, but soldiers did not shoot civilians, the military said. Nigeria has been on edge…
Banking Bank Of England Gives Banks Breathing Space Over Crisis Plans October 28, 2020 Ekemini Britain’s main banks will have extra time before they have to say publicly how they could be closed down in a crisis, the Bank of England proposed on Wednesday. Banks…
Business Travel Agents Bemoan Fakery, Illegal Operators October 28, 2020 Ekemini Travel agencies have again raised concerns over the activities of illegal operators, touts and fake agencies that have continued to dupe unsuspecting travellers and give other operators a bad name.…
Business Euro Dips On French Lockdown Fears, U.S. Vote Drives Volatility Gauges Up October 28, 2020 Ekemini The dollar rose against the euro on prospects of a national coronavirus lockdown in France, with implied volatility gauges in the common currency and the yen hitting multi-month highs as…
Business Libor’s End Is A Game Changer For Global Finance October 28, 2020 Ekemini For about 50 years, the London interbank offered rate has helped determine the cost of borrowing around the world. Libor, derived from a daily survey of bankers who estimate how…
Business Local Fresh Concerns Over $17 Billion Yearly Freight Loss To Foreign Shipping Lines October 28, 2020 Ekemini Stakeholders in the maritime industry have expressed displeasure over the yearly $17 billion revenue loss to foreign ship owners due to the inability of the country to lift her cargoes.…
Local Nigerian Considers Social Media Regulation In Wake Of Deadly Shooting October 28, 2020 Ekemini Nigeria’s information minister said “some form of regulation” could be imposed on social media just a week after protesters spread images and videos of a deadly shooting using Twitter, Instagram…
Business Euro Wilts As Coronavirus Lockdown Worries Hurt Sentiment October 28, 2020 Ekemini The euro fell against the dollar on Wednesday following a media report that France’s government was leaning toward reinstating a national lockdown to curb a resurgence in coronavirus cases. The…
Breaking World WTO Panel Recommends Nigeria’s Candidate for Top Post October 28, 2020 Ekemini Nigeria’s former finance minister Ngozi Okonjo-Iweala received a key endorsement Wednesday from the World Trade Organization’s selection committee, moving her a step closer to becoming the WTO’s first female director-general,…
Business Local Manufacturing Sector Hits Sixth-Month Slow Growth October 28, 2020 Ekemini The Purchasing Managers Index for the manufacturing sector which started contracting in May recorded another contraction in October according to the Central Bank of Nigeria. The statistics department of the…
Banking Business Local Bank Closure Leaves Customers Stranded In Abakaliki October 28, 2020 Ekemini The continued closure of commercial banks in Abakaliki, the Ebonyi State capital, in the wake of the violent EndSARS protests in the city, has left many bank customers stranded and…
Business Local Nigeria’s Manufacturing Sector Contracts For Sixth Consecutive Month October 28, 2020 Ekemini The manufacturing Purchasing Managers’ Index (PMI) in October stood at 49.4 index points, indicating a contraction in Nigeria’s manufacturing sector for the sixth time this year. This was disclosed by…
Business UK Reopens Visa Application Centre’s In Nigeria October 28, 2020 Ekemini The United Kingdom High Commission has announced the reopening of its visa application centres in Nigeria. This is coming barely one week after it shut down its visa application centres…
Business CEOs Of World Exchanges To Review Nigeria’s Economy October 28, 2020 Ekemini The Chief Executive Officer of World Federation of Exchanges, Nandini Sukumar and his NASDAQ Exchange’s counterpart, Adena Friedman, will appraise the role of the Nigerian financial market towards economic development.…
Business Bitcoin Further Gains 5.4% As Naira Trades Flat At FX Market October 28, 2020 Ekemini Business Post gathered from data sourced from Quidax, a platform used for trading cryptocurrencies in Naira in Nigeria, that other digital currencies equally gained at the market yesterday. The Ethereum…
Business Analysis: Will Nigeria Yield In Oil Deal Wrestling Bout With Shell And Eni? October 28, 2020 Ekemini High profile courtroom dramas involving multiple sides often have the feel of a WWE Smackdown wrestling match: titanic egos clashing with each other, trying to batter their foes into submission.…
Business ECB Stimulus Signal Sought As Euro Economy Sinks Into Gloom October 28, 2020 Ekemini The European Central Bank will get much of the evidence it needs this week to justify adding more monetary stimulus as the resurgent coronavirus rampages across the continent. While economists…
