China’s Central Bank Could Intervene After ‘Glaring’ State-Firm Bond Defaults, Analyst Says
SINGAPORE — The People’s Bank of China (PBOC) could step in following a number of recent bond defaults by Chinese…
Day: November 27, 2020
Dollar Poised For Weekly Losses On Improving Risk Sentiment
The dollar held steady in thin trade on Friday but was on track for weekly losses against a basket of…
Protect Nigerian Businesses In Your Country, Lawan Tells South Africa
Senate President Ahmad Lawan on Thursday urged the South African authorities to reciprocate the Nigerian Government’s gesture by ensuring that…
Crisis Hits Apapa Port As CCECC Demolishes Structures, Cripple Seaport Operations
Operations at the Apapa container terminal, operated by APM Terminals, were paralysed on Wednesday as the contractor handling the rail…
FG Approves N30bn For Roads To Niger Republic
ABUJA—THE Federal Executive Council, FEC on Wednesday approved contracts for construction of two roads from Sokoto and Jigawa States up…
General Gowon Denies Looting ‘Half Of CBN’
Nigeria’s former Head of State, General Yakubu Gowon, has denied ‘looting half of Central Bank of Nigeria (CBN),’ saying he…
We Deliberately Shut Down Refineries – NNPC GMD
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Thursday said the country’s refineries were shut…
Nigeria: Smugglers Reign Large Despite Border Closure
As the Yuletide season approaches, more smuggled items — mainly foreign parboiled rice, tomato paste, frozen chicken and cars —…
Oil Falls To $47 As Fate Of OPEC+ Deal Uncertain
The international oil benchmark, Brent crude, pared some of its recent gains on Thursday as what seemed to be shaping…
Naira In Big Trouble, Falls To N495/$1 At Black Market
The attempt by the Central Bank of Nigeria (CBN) to discourage Nigerians from seeking forex at the parallel market seems…
Nigeria: BPE Hands over Afam Power Plant to Transcorp
The Bureau of Public Enterprises (BPE) has handed over the Afam Power Plant in Oyigbo Local Government of Rivers State…
Netherlands Returns Smuggled 600-Year-Old Ife Terracotta To Nigeria
The Kingdom of Netherlands on Thursday officially presented a smuggled Ife Terracotta antiquity dated to be at least 600 years…
World’s Outlier On Remittances Has Currency Woes To Blame
Nigerians living abroad could be sending more money home than authorities realize, bypassing official channels so their families can get…
Nigeria’s Traditional Textiles Threatened By Chinese Imports
JOS, NIGERIA – Nigeria has been producing traditional, handmade, beautiful fabric designs for centuries. But preservers of the ancient art…