KLM Announces Return To Nigeria In December
Stories by David Agba with agency report KLM Royal Dutch Airlines Wednesday announced it would be resuming flights to Nigeria…
Day: November 18, 2020
Nigeria: FEC Approves Finance Bill 2020
The Federal Executive Council (FEC), presided over by President Muhammadu Buhari on Wednesday approved the Finance Bill 2020, to support…
Dollar Falls For Fifth Day As Vaccine Hopes Outweigh Spike In COVID Cases
The dollar slipped for a fifth straight session on Wednesday, sliding to a more than one-week low, as positive vaccine…
Yen Claws Back Ground As Looming Winter Chills Vaccine Cheer
The safe-haven Japanese yen sat near a one-week high and a steady U.S. dollar held commodity currencies in check on…
Nigeria’s Christians Become Target Of Genocide As International Community Remains Silent: Advocates
The religious persecution of Christians in Nigeria is teetering on genocide, religious leaders and foreign policy analysts caution in a…
COVID-19: Economic Crisis May Cause Banks To Fail Stress-Tests
The coronavirus pandemic has deeply impacted the situation in the world – especially the economic one. A lot of people…
This Nigerian Researcher Studies The ‘Hidden Harvests’ Of Small-Scale Fisheries
With World Fisheries Day coming up on November 21, Nigerian researcher Kafayat Adetoun Fakoya is one of a huge number…
UK Hopes To Get A Brexit Trade Deal, Business Minister Sharma Says
Britain hopes to get a Brexit trade deal but the European Union must understand that it is now dealing with…
Just In: Pfizer Revises COVID-19 Vaccine Efficacy Score To 95%
Pfizer, along with its German partner BioNTech on Wednesday jacked up the efficacy score of its COVID-19 vaccine from 90…
U.S. Ends Boeing 737 MAX Flight Ban After Crash Probes0
Boeing Co won approval on Wednesday from the U.S. Federal Aviation Administration to fly its 737 MAX jet again after…
Oil Companies Tighten Nigeria Security As Protests, Job Losses Stoke Tension
Oil companies have asked security services to tighten surveillance as violent anti-police brutality protests and the expected sacking of hundreds…
Naira Gains N1.20 Against Dollar At I&E Segment
During the trading session, the local currency gained 0.31 per cent or N1.20 to quote at N384.80/$1 in contrast to…
Europe Is Planning Its Very Own E-Currency
The European Central Bank appears serious about a digital euro. Barely a month after the central bank issued a major…
How Nigeria’s New Banks Law, BOFIA, Will Impact Financial Sector
In assenting into law of the BOFIA 2020, President Muhammadu Buhari said the new legislation represents a “monumental piece of…
Naira Devaluation Pushes FAAC Disbursement To N2trn In Q3 — Highest In 2020
This is contained in the quarterly review report released by the Nigeria Extractive Industries Transparency Initiative (NEITI) on Tuesday. A…
Nigeria: ‘FCT Will Demolish More Buildings’
THE Federal Capital Territory (FCT) Department of Development Control (DDC) said Abuja residents should be ready for more demolitions, to…
Interest In Euro As A Reserve Currency Growing – ESM CFO
Interest in the euro as a reserve currency is growing and the single currency is increasingly being viewed as an…
Profit Taking Shrinks Nigeria Bourse Into Red Zone As Investors Take Bearish Posture
Profit-taking in Nigeria’s domestic equities market saw investors maintain their bearish stance on Tuesday as sell-offs in the large-cap counters…
$30b Fuels Import Outlay Present Energy Security Challenges
Industry stakeholders, yesterday, expressed concerns over the state of Nigeria’s petroleum downstream and of other African countries in the face…
FX May Be A Better Hedge Than Bonds In A Near-Zero World
Bonds aren’t quite the hedge against equity losses that they used to be, and that could have more and more…
Bitcoin Closes In On All-Time High As It Blasts Through $18K
Bitcoin’s price broke through $18,000 in what some experts are attributing to global events and bullish fundamentals in crypto. The…
Four Key Risks Could Make 2021 The Toughest Year For Banks Since 2009, Says S&P
S&P Global Ratings warned that banks could face their toughest year since the aftermath of the global financial crisis, with…
Opec+ Turns Down Nigeria’s Request To Review Quota
The Opec+ Joint Ministerial Monitoring Committee (JMMC) has declined an informal request from Nigeria to re-evaluate the baseline from which…
Nigerians Are Leading Global Asylum Claims To Canada Despite Covid-19’S Travel Restrictions
In February, data showed that, for the fifth year in a row, more Nigerians emigrated to Canada in 2019 than…
Nigeria’s President Vows To Prevent Repeat Of Anti-Police Brutality Protests
Nigeria’s president will do what it takes to prevent a repeat of demonstrations against police brutality last month that led…
Nigerian Oil Reform Bill To Pass ‘Within Six Months’ – House Speaker
Nigeria’s House of Representatives will pass a long-delayed oil reform bill within six months, its speaker said on Tuesday, potentially…
Nigeria: NIS Issues Travelling Documents To 7,874 Applicants In Edo
The Nigeria Immigration Service (NIS), Edo Command, said on Tuesday that it issued travelling documents to no fewer than 7,874…
Nigeria Says Air France, KLM, Lufthansa To Resume Flights
Nigeria lifted a ban on flights to the West African country by Air France, KLM, Lufthansa and Qatar Airways Africa’s…
Nigeria: Lagos Designs Eligibility Form For Businesses To Access N1Billion Seed Capital
The Lagos State Ministry of Tourism, Arts and Culture disclosed it has designed a palliative eligibility form, to take in…
George Clooney Speaks On Why He Gave 14 Of His Closest Friends $1m Each Via Suitcases Full Of Cash
Hollywood actor, George Clooney has confirmed a longstanding rumor that he was able to give 14 of his closest friends…