Nigeria: If You Thought 2020 Was Bad, Brace Yourself For 2021
Nigeria needs to brace for an extended foreign exchange rate crisis as oil markets face a tough year-end, which analysts…
Day: November 7, 2020
What GDP Can And Cannot Tell You About The Post-Pandemic Economy
Pity the world’s chartmakers. For years, normal economic fluctuations will be dwarfed by the extraordinary gyrations of 2020, such as…
Bitcoin Price Nears $16K, But It’s Ethereum That May Shine In November
The price of Bitcoin (BTC) is nearing $16,000 after achieving $15,960 on Binance. Following the dominant cryptocurrency’s rally, analysts are…
Pound Rallies After Bank Of England Pumps Extra Cash Into The Economy, Just As A National Lockdown Starts
The pound rallied on Thursday, heading for its biggest weekly gain since late September, despite the implementation of a lockdown…
Fintech Bluecode Aims To Light Up Nigeria’s Informal Economy
The Bluecode payments solution is about to go live in Nigeria with two partner banks, Murray Gardiner, managing director of…
Airlines’ ‘Bait-And-Switch’ Strategy Lures Customers To Flights That Never Take Off
OTTAWA — Despite minuscule travel demand, Canadian airlines continue to schedule tens of thousands of monthly flights, only to cancel…
Oil Falls On Surging Virus While U.S. Election Adds Uncertainty
Oil dropped below $38 a barrel as surging coronavirus cases and a tightly contested U.S. election sapped momentum from crude’s…
Canadian Dollar Stays On Track For Best Week Since June
The Canadian dollar weakened against its U.S. counterpart on Friday but stayed on course for its biggest weekly advance since…
Over 82.9 Million Nigerians Currently Living Below Poverty Line
With over 82.9million Nigerians currently living below the poverty line, there is a need to urgently tackle poverty to get…
Shipping Can Contribute 5% To GDP Annually – NIMASA Boss
Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Bashir Jamoh, has said that a developed shipping industry has…
FG To Establish Solid Minerals Processing Hubs
The Federal Government plans to establish solid mineral processing hubs in the six geopolitical zones of the country. While speaking…
FG Requires $656m To Complete Lagos-Ibadan Rail Line
The Minister of Transportation, Rotimi Amaechi on Friday said that the Federal Government requires the sum of N $656million to…
Buhari Admits Nigeria Is Facing ‘Turbulent Times
Nigeria’s President Muhammadu Buhari on Thursday ruminated on Nigeria’s current economic situation, admitting that the country is facing “turbulent times”.…
Famed Luxury Carmaker Bentley To Go Fully Electric By 2030
Bentley Motors plans to exclusively offer plug-in hybrid and electric vehicles by 2026 and fully electric models by 2030, the…
Bitcoin Now N7.2m At Crypto Market As Naira Falls To N465/$
The digital token’s latest rally comes as the outcome of Tuesday’s US presidential election remains uncertain. Possible election turmoil, coupled…
US Election 2020 Results: How Nigeria Will Benefit If Biden Defeats Trump
The candidate of the Democratic Party, Joe Biden, is almost certain to become the 46th US President. At the time…
UK Names New Trade Envoy To Nigeria
The United Kingdom Government has confirmed the appointment of Helen Grant MP, a British-Nigerian, as a new trade envoy to…
Nigeria Reaching Maximum Borrowing Capacity
Nigeria is almost reaching its maximum capacity to borrow and must be proactive in ramping up tax revenue collection, the…
GM Plans To Increase Pickup Truck Production With Up To $1 Billion Investment In Canada
General Motors plans to significantly increase production of its highly profitable pickup trucks by investing up to $1 billion in…
How Many Bank Accounts Should You Have & Which Ones
The number of bank accounts you really need is up to your personal spending, but traditionally, just two accounts –…
Bitcoin Surge Widens Crypto’s Lead Over Gold As Top Asset Of 2020
Bitcoin’s surge during U.S. election week has pulled cryptocurrency performance further ahead of major asset classes this year. The Bloomberg…
Multiple Customs Clearing Units Cause Stir
Importers and clearing agents have continued to frown at bottlenecks affecting clearing at the ports, noting that they are causing…
Naira Continues To Decline At Black Market Despite Huge Dollar Supply
Forex turnover improved significantly by 536.7% as Nigeria’s exchange rate at the NAFEX window maintained its stability against the dollar…
WhatsApp Introduces Messages That Delete After Seven Days
Facebook Inc.’s WhatsApp will roll out disappearing messages to users this month, which will delete posts in a chat after…