A Lack Of Common Travel Protocols Could Cost The World Trillions Of Dollars, Dubai Airports CEO Says
Countries have not yet come to a consensus on how to safely restart travel amid the coronavirus crisis, and this…
Month: October 2020
‘Perfect Storm’: How Nigeria’s Peaceful Police Protests Turned Violent
Tears fill Ephraim Osinboyejo’s eyes as he recalls the idealism that drove thousands of Nigerians like him into the streets…
PMI’s, Oil & Naira In Focus
The outlook for Nigeria’s economy has been clouded by uncertainty following weeks of youth protests across the country. Although Residents…
‘Oil Industry Still Suffering Significant Damage from Covid-19’
Nigeria’s wholly indigenous oil company, Oando Energy Resources, has said the oil industry will continue to suffer the fallout of…
‘Petrol Subsidy Removal Can Save Nigeria $1bn Yearly’
The United Kingdom (UK)-backed Facility for Oil Sector Transformation (FOSTER) has estimated that Nigeria could earn up to $1 billion…
Nigerian Citizens Justify Massive Looting of Covid-19 Palliative form Government Storages
ABUJA, NIGERIA – Amid tensions in Nigeria last week over police brutality, mobs of citizens are overrunning several government-owned facilities…
Police Arrest Seven After British Special Forces Board Tanker
Seven men have been arrested on suspicion of seizing control of a ship, British police said on Monday after special…
Remittances To Sub-Saharan Africa Totaled $48 Billion In 2019
The New Normal – Digital Transfers and Remittance in Nigeria There is a boom for Africa-focused money transfer companies, as…
Digital Payments Make Access To Loan Possible – Mastercard Boss
The Senior Vice President, Product Management Digital Payments & Labs, Middle East and Africa at Mastercard¸ Gaurang Shah, speaks with…
Lagos Banks Witness Low Customers’ Turnout
Commercial banks in Lagos State on Monday witnessed the gradual return of business after the 24-hour curfew imposed on residents…
Inquiry Probes Shooting of Lagos Protesters, Police Abuses
Abuja, Nigeria – A judicial panel investigating police brutality in Nigeria and the recent shooting of unarmed protesters in the…
Nigeria Considers Supplying Electricity To Chad
The Federal Government is considering supplying electricity to the Republic of Chad following a recent request by the neighbouring country.…
Nigeria’s Wheat Production Output Suffers Setback
The ability of farmers to meet the expected output of wheat produced locally has suffered a setback due to inadequate…
Goldman is calling a bull market for commodities in 2021 on dollar moves and inflation risk
Gold bullion bars are pictured after being inspected and polished at the ABC Refinery in Sydney on August 5, 2020.…
Libya Reopens Last Major Oil Field in Another Blow to OPEC+
Libya is set to restart the last of its major oil fields following a ceasefire in its civil war, a…
Exports Of Used Cars Are A Pollution Problem, U.N. Warns
Rich countries are sending millions of older, dirtier vehicles abroad, in a trade that’s largely unregulated, even as they mandate…
Looting Continues Nationwide
Buckling under the resurgence of the coronavirus in Europe, the Spanish government on Sunday declared a national state of emergency…
Rebuilding Ruins Of Violence Amid Low Revenues
The Shoprite shopping mall in Lekki Phase 2 was looted on October 22, 2020, after the army repressed peaceful protestors…
Tanker Operator Thanks Britain For Storming Vessel After Stowaways Turned Hostile
The operator of an oil tanker stormed in the English Channel by British special forces thanked the authorities on Monday…
Chinese Products Top Nigeria’s Imported Goods List – NBS
A total of 31.41 per cent of goods imported into Nigeria are from China, according to the National Bureau of…
CBN And N120bn Cotton Sector Intervention
The cotton value chain in Nigeria once created employment opportunities for well over 450,000 people and supported 180 textile mills.…
Sterling Steadies Against Dollar; Brexit Talks Extended To Wednesday
The dollar gained on Monday, as surging coronavirus cases in Europe and the United States and a lack of progress…
Curfew: Banks, Businesses Closed, Soldiers Take Over Roads In Osogbo
Residents of Osun have deserted major streets in different towns as banks and businesses, remained closed on Monday, in compliance…
Fixed Income, Currency Markets Drop To N164.32tr In Q3
Turnover in the Nigerian fixed income and currency (FIC) markets dropped by 26.76 per cent to N14.07 trillion in September…
Naira Steady Despite #EndSARS Protests
The naira last week traded at the parallel market for N463 against the dollar, a slightly weaker ratio from the…
African Money Transfer Firms Thrive As Pandemic Spurs Online Remittances
Having fled an economic implosion in his native Zimbabwe, Brighton Takawira was able to support his mother back home with…
Dollar Rises Vs Risky Currencies As Coronavirus Surges, U.S. Stimulus Hope Fades
The dollar gained on Monday, as surging coronavirus cases in Europe and the United States and a lack of progress…
Dollar Gains As Virus Surge Prompts Flight To Safety
The dollar pushed higher in early European trade Monday, with record numbers of Covid-19 cases in Europe and the U.S.,…
Sterling Set For Weekly Gain, Even After PMI Slip
The pound fell against the dollar and euro on Friday after the UK Purchasing Managers’ Index (PMI) fell to a…
UK ‘SBS’ Special Forces Storm Tanker And Detain Stowaways In Channel
British special forces stormed a Greek-operated oil tanker in the English channel on Sunday to wrestle control of the vessel…