CBN To Bear 50% Risk Of Agric Loan
The Central Bank of Nigeria (CBN) has agreed to bear 50% of the credit risk participants of the Accelerated Agriculture…
Day: November 10, 2020
Flights And Ships From Denmark To England Banned Amid Coronavirus Fears
Planes and ships travelling directly from Denmark, and accompanied freight, will no longer be able to land or dock at English…
Investments In 44 Free Trade Zones In Nigeria Nets $27billion
Nigeria’s investments in the 44 free trade zones across the country currently stand at over $27 billion, the Managing Director, Nigeria…
What A Biden Presidency May Mean For Consumer Protections
Joe Biden’s presidency could have big implications for everyday Americans when it comes to financial protections. With Senate control still…
Stocks Making The Biggest Moves Premarket: Beyond Meat, Lowe’s, Microsoft, Tesla & More
DR Horton – The homebuilder reported quarterly profit of $2.24 per share, beating the consensus estimate of $1.76, with revenue…
Dow Rises 250 Points, But Nasdaq Falls As Market Rotation Out Of Tech Continues
The Dow Jones Industrial Average rose on Tuesday, building on its sharp gains from the previous session, as a market…
SoftBank Makes Its First E-Scooter Bet, Leading A $250 Million Investment In Germany’s Tier
LONDON — German electric scooter rental firm Tier announced Tuesday that it’s raised $250 million in a funding round led…
Sterling Gains 1% Vs Euro On Brexit, Vaccine Hopes
Hopes that a coronavirus vaccine would put the British economy back on track pushed the pound 1% higher versus the…
Australian Dollar Dips, Traders Cautiously Welcome Vaccine News
The Australian dollar traded slightly lower against its U.S. counterpart on Tuesday while the New Zealand dollar was marginally higher,…
Equities’ Returns Hit 20.1%
Average year-to-date return for Nigerian equities rallied to 20.1 per cent on Monday as increased bargain-hunting for large-cap stocks added…
Dollar Edges Up, Currency Markets Still Upbeat After Vaccine News
The dollar edged up on Tuesday and the yen stayed low, as investors remained optimistic about progress towards a COVID-19…
Naira May Depreciate To 475 Against Dollar, Says Rewane
The naira will weaken in the parallel market as oil prices stay at $40-$42 per barrel and likely depreciate to…
Nigerian Govt Reacts To Conviction Of 6 In UAE For Wiring $782,000 To Boko Haram
The Chairman, Nigerians in Diaspora Commission, Abike Dabiri-Erewa, on Monday confirmed that six citizens of the country, have been convicted…
FG Shouldn’t Open Borders For Only Dangote, Says Peterside
The founder of Stanbic IBTC Bank Plc, Mr Atedo Peterside, has complained that only Dangote Industries Limited is allowed to…
Emirates Restores Lagos/Dubai Daily Flight
EMIRATES Airlines said it has increased its flight frequency on the Lagos / Dubai route from four times weekly to…
Yen Claws Back Some Ground Lost On COVID-19 Vaccine News
The yen recouped some losses against the U.S. dollar on Tuesday, after the safe currency took a drubbing on news…
FG Gives Committee Six Months To Sell Forfeited Assets
The federal government yesterday gave a six-month timeline to the Committee on Disposal of Forfeited Assets to dispose of all…
Fauci: U.S. Could Begin Distributing COVID Vaccine By End Of Year
Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases, on Monday greeted news about the vaccine…
DJ Switch #EndSARS Heroine Flees Nigeria
DJ Switch: said to be out of Nigeria because of death threats DJ Switch, the lady who streamed live the…
NSE All-Index Rises 4% As Market Opens On Positive Note
The stock market opened on a highly bullish note as shares surged further lifting the Nigerian Stock Exchange (NSE) All-Share…
UAE Reiterates It Currently Doesn’t Plan To Raise VAT
The United Arab Emirates reiterated that it doesn’t have any plans at the moment to raise the value-added tax after…
OPEC: COVID-19 Effects On Oil Market Horrifying
The Organisation of Petroleum Exporting Countries (OPEC) has said the level of decline experienced in energy and oil demands since…
Nigeria Exempts Dangote Cement From Land Border Closure
The Nigerian government has allowed Dangote Cement to resume exports across its land borders, raising hopes that Africa’s most populous…
CBN Opposes Bid To Remove Arabic From Naira Note
The Central Bank of Nigeria (CBN) has opposed a suit seeking to remove the Ajami (Arabic) inscriptions on naira notes.…
Why We Are Rebuilding Lekki/Epe Expressway 40 Years After’
The Lekki/Epe expressway has been a death trap and a haven for criminals because of its deplorable condition. Constructed 40…
Wealthy Nigerians Seek To Secure Future With Dominica’s Citizenship By Investment Programme
LONDON, Nov. 10, 2020 /PRNewswire/ — With a looming recession, inflation on the rise and a lack of security, high…
Naira Sells N465/$1 At Black Market Monday After N1 Loss
Traders witnessed the weakening of the Naira by N1 against the US Dollar at the parallel market segment of the…
NCDC Links Delta, Enugu ‘Strange Deaths’ To Yellow Fever
The Nigeria Centre for Disease Control (NCDC) has attributed the recent strange deaths in Delta and Enugu states to an…
Biden Boosts The Euro, But The Dollar’s Still King
There’s nothing quite like a little bit of dollar weakness to signal traders and investors have a renewed appetite for…
Nigerian Oil Workers Set Strike Over IPPIS
With the impact of the recent #EndSARS protests, which virtually grounded the country’s economy for days yet to be over,…