Electronic Transaction Volumes Increased 67% During Lockdown — CBN
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has said that electronic transaction volumes increased by about 67 per…
Day: November 12, 2020
Turkey Eases Currency Trading Limits Again, Boosting Lira
Turkey made it easier for foreign investors to access lira funding, a move that’s aimed at undoing some of the…
Dollar Holds Gains As Investors Temper COVID-19 Vaccine Enthusiasm
The dollar held broad gains on Thursday as investors tempered bullish expectations about a COVID-19 vaccine, while the kiwi hovered…
Hedge Fund Blocks Nigeria In $10 Billion P&ID Dispute
VR Capital Group Ltd. won a U.S. ruling to block Nigeria from accessing its internal documents as part of the…
NDIC Raises Concern On How To Identify, Insure Non-Bank Financial Institutions
The Nigeria Deposit Insurance Corporation (NDIC) on Wednesday raised concerns on how it could identify and insure non-bank deposit taking…
Forex Demand Pressure Worries CBN MPC Members
Some members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed concerns over the high demand…
Nigeria’s Fragile Fiscal Regime May Stall $24bn Oil, Gas Projects
With the continued delay in the passage of the Petroleum Industry Bill (PIB) leading to a frigile fiscal regime mired…
British Envoy Decries Nigeria’s Three Per Cent Mobile Money Penetration
British Deputy High Commissioner in Nigeria, Ben Llewellyn-Jones, has decried the most populous black nation’s three per cent mobile money…
Funds Scarcity Stalls Audit Of 801 MDAs, 110 Foreign Missions Since 2017
The House of Representatives has expressed concern and dissatisfaction over the inability of the office of the Auditor General of…
Nigerian Currency Falls To N466/$1, N600/£1 At Black Market
The Naira recorded losses against both the United States Dollar and the British Pound Sterling at the black market segment…
Stock Market Defies Economic Downturn As Investors Rake N1.2trn
The Nigerian stock market continued its gaining streak defying the prevailing economic down turn with the investors gaining N1.2 trillion…
Oil Steady Above $41 On Signs OPEC+ Edging Toward Keeping Cuts
Oil held gains above $41 a barrel in New York as OPEC+ appeared to be closing in on an agreement…
Kaduna Inland Dry Port Strategises To Render Improved Services
The Kaduna Inland Dry Port says it is strategising ahead of 2021 to render better services to its clients and…
Singapore To Introduce New Visa To Draw Top Global Tech Talent
Singapore is rolling out the red carpet for top talent, launching a programme to initially attract 500 individuals with a…
Internet Economy In Nigeria, Others To Reach $180bn In 2025
The Internet economy has the potential to contribute $180bn to the economy of Nigeria and other African countries by 2025,…
FG To Unveil Techno Oil’s LPG Terminal
The federal government’s drive to stimulate job creation has started yielding dividends as the Techno Lagos Oil Limited is set…
Nigeria Ratifies Its Membership Of AfCFTA
Nigeria on Wednesday ratified its membership of the African Continental Free Trade Area (AfCFTA) less than a month before the…
The Chinese Renminbi And The Japanese Yen Are Likely To Appreciate Sharply
In the recent period, the Chinese renminbi and the Japanese yen have appreciated against the euro and the dollar. Economists…
Buhari To Sign AfCFTA Ratification Soon
The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, has assured that President Muhammadu Buhari will soon sign the…
Dollar Holds Gains As Investors Adjust Vaccine Expectations
The dollar held broad gains on Thursday as investors adjusted some of their expectations about a COVID-19 vaccine, which tempered…
Nigerian Billionaire Benedict Peters Eyes Platinum Mine In Zimbabwe
Harare — Bravura Holdings, owned by Nigerian billionaire Benedict Peters, has $1bn available for the development of a platinum mine…
Nigerian Stocks Climb To 2-Year High
ABUJA: Nigerian stocks climbed to a more than two-year high on Wednesday as domestic funds bought shares across sectors and…
UK ‘Sleep-Walking’ Into Personal Debt Crisis, Warns Charity
Britain is ‘sleep-walking’ into a personal debt crisis with the number of people in severe problem debt topping a million…
US Immigration Policy Changes Expected Under Biden
The incoming administration of President-elect Joe Biden could swiftly reverse an array of President Donald Trump’s immigration policies, many of…
Africa’s Largest Economy Ratifies Continent Trade Deal
ABUJA: The Nigerian government said Wednesday it had ratified the African Continental Free Trade Area (AfCFTA) — a key step…
YouTube Back Up After Worldwide Outage
YouTube, owned by Alphabet Inc’s Google GOOGL.O, said late on Wednesday it had fixed a glitch that led to a…
OPEC+ Focuses On Delay To Oil-Output Hike Of Three To Six Months
Talks between OPEC and its allies are zeroing in on a delay to next year’s planned oil-output increase of three…