Pfizer, BioNTech Say Their COVID-19 Vaccine Is More Than 90% Effective
Pfizer Inc PFE.N on Monday said its experimental vaccine was more than 90% effective in preventing COVID-19 based on initial…
Day: November 9, 2020
Oil Jumps On Vaccine Hopes, OPEC+ Signal To Tweak Deal
Oil jumped on Monday by almost 10%, the highest daily rise in almost 6 month, after Pfizer said its COVID-19…
Sterling Hits Nine-Week High Overnight; Steadies Before Next Brexit Talks
Sterling edged up in early London trading on Monday after reaching a nine-week high versus the dollar overnight, as Democrat…
Riskier Currencies Maintain Gains Vs Dollar On Biden Election Win
The dollar stabilised on Monday after tumbling to a 10-week low in the wake of Joe Biden’s election as U.S.…
China’s Yuan Extends Best Week Since 2017 On Biden’s Victory
The yuan extended its recent rally as the dollar weakened following Joe Biden’s presidential victory in the U.S. The offshore…
#EndSARS Protest Disruption Costs Economy N1.5tn – FDC
The economic cost of the #EndSARS protest disruption is estimated at N1.5tn, approximately 1.03 per cent of the GDP and…
Petrol Scarcity Looms As Oil Workers Down Tools
Nigeria may face the scarcity of Premium Motor Spirit, popularly called petrol, in coming days as oil workers have been…
Biden’s New Plan For H-1B Visas, Green Cards Likely To Benefit Thousands
With Kamala Harris as his deputy, Biden is expected to reverse the move of the outgoing Trump administration to revoke…
Turkish Lira Jumps On Hopes For Rates Orthodoxy After Departures
The Turkish lira surged the most since March 2019 on speculation higher interest rates could be coming after the weekend…
Family Kicks As Six Nigerians Are Jailed In UAE For ‘Funding Boko Haram’
In April 2019, the Abu Dhabi federal court of appeal sentenced Surajo Abubakar Muhammad and Saleh Yusuf Adamu — two…
Naira Gains At Black Market As Improved Dollar Supply Continues
Forex turnover improved by 9.12% as Nigeria’s exchange rate at the NAFEX window maintained its stability against the dollar to…
Dollar Sinks After Biden Clinches U.S. Presidency
The dollar hit a 10-week low on Monday as investors heralded Joe Biden’s election as U.S. president by buying trade-exposed…
We Owe CBN More Than N4tn, Says AMCON
The Asset Management Corporation of Nigeria has said it owes the Central Bank of Nigeria more than N4tn. AMCON was…
Rewane: Protests To Prolong Economic Recovery By Three Months
Nigeria’s economic recovery from the impact of the COVID-19 pandemic as well as the slump in crude oil prices will…
Capital Market: Tax Waiver Could Be The Required Incentive
The development of a strong and viable capital market is a complex process and requires a systematic approach consisting of…
Banks’ Patronage At CBN’s Liquidity Window Drops To N48b
The Central Bank of Nigeria (CBN) has said that daily patronage of the Standing Deposit Facility (SDF) by commercial and…
Brent Crude Tops $40 After Biden’s Win Lifts Risk-Takers
Oil prices gained more than 2% on Monday, with Brent futures rising above $40 a barrel, after Joe Biden clinched…
Investors Gain N249 Billion At Stock Market Over Strong Firms’ Q3 Results
Investors in the stock market earned about N249 billion last weekend after most of the listed companies started declaring strong…
Nigerian, Chinese Firms Sign Agreement On Gold Mining
Japaul Gold and Ventures has signed an agreement with Xiang Hui International Mining Company Nigeria to drill, mine and process…
Why PPMC Stopped Announcing Monthly Ex-Depot Price
The Nigerian National Petroleum Corporation (NNPC) on Monday revealed why its subsidiary -Pipeline Products Marketing Company (PPMC) stopped announcing its…
Propriety Of Visa-For-Good-Behaviour In Elections
During the last election in Edo and Ondo States, the ambassadors of the European Union, the United States and the…
Kano Commodity Exchange Market Begins Operation Q1 2021
The Kano Gezawa First Commodity and Exchange Market, established by the Accountant General of the Federation, Ahmad Idiris, is to…
Import Ban Alone Can’t Fix Textile Sector – Stakeholders
Despite the federal government’s concerted efforts to revitalise the nation’s over 250 moribund textile mills only 30 are currently operational,…
Is Bitcoin An Asset A Commodity Or A Currency?
As the price of Bitcoin continues to balloon, we look back at how the cryptocurrency is viewed and whether that…
Turkish Finance Minister Resigns In Second Surprise Departure After Lira Slide
Turkish Finance Minister Berat Albayrak said on Sunday he was resigning for health reasons, the second surprise departure of a…
Reps May Not Grant Buhari’s Request To Borrow $1.2bn From Brazil
There are strong indications that the House of Representatives may not support the new move by the government of President…
Nigeria To Lose $24bn Oil, Gas Investments In Six Years
By Michael Eboh Nigeria will lose $24 billion in investments in the oil and gas sector between 2020 and 2025,…
Nigeria’s Central Bank Freezes Accounts Of Police Brutality Protesters
Nigeria’s central bank froze the accounts of 20 people linked with anti-police brutality protests after receiving a court order, the…
#EndSARS: Controversy over court order to freeze accounts of 20 promoters
Controversy has trailed the exparte order obtained by the Central Bank of Nigeria (CBN) to freeze the accounts of 20…
Naira Appreciates Against Dollar, Euro at Black Market
At the market, Business Post gathered that the local currency closed at N464/$1, gaining N1 versus the N465/$1 it exchanged…