China is more concerned by Biden than Trump, economist Jim O’Neill says
LONDON — Joe Biden’s presidency will be a bigger problem for the Chinese government than the nearly four years of…
Day: November 28, 2020
Congress stalled on stimulus talks and time is running out as millions face a ‘benefits cliff’
Millions of jobless Americans are likely eyeing ongoing negotiations in Congress around a new coronavirus relief package with intense interest.…
Facebook’s Libra Crypto Gets Ready To Launch In January As A Single Coin
Facebook’s libra cryptocurrency is reportedly preparing to launch with a single cryptocurrency, a scaled-down version of its original plan. The…
CBN Devalues Naira, Fixes Dollar Sale At N392
The Central Bank of Nigeria (CBN) has devalued the Naira by N6 to Dollar. This brings the Naira closer to…
Biden’s lead increases in Wisconsin’s largest county after recount demanded by Trump campaign
A recount in Wisconsin’s largest county demanded by Republican President Donald Trump’s election campaign ended Friday with Democratic President-elect Joe…
Buhari To Roll Out Auto-Gas Scheme For Cars In December— Official
President Muhammadu Buhari will on December 1 roll out the auto-gas scheme in Abuja as the Federal Government moves to…
Naira To Now Trade At N392/$
The Central Bank of Nigeria (CBN) has directed bureau de change operators in the country not to sell dollars higher…
Nigeria: Apapa Gridlock To Disappear Q1, 2021 — NSC
The Nigerian Shippers’ Council on Friday said that the Council has set machineries in motion to put an end to…
Border Closure: Manufacturers Losing Market Share Daily
Manufacturers Association of Nigeria says its members are losing market share daily to other African countries due to the closure…
Naira Devalued, Now N390/$1 As Black Market (Wired) Hits N503/$1
Nairametrics can confirm that the exchange rate between the naira and dollar has depreciated to N390/$1. Nairametrics can confirm that…
CBN Devalues Naira By N6 In Move To Unify Exchange Rates
The Central Bank of Nigeria (CBN) on Friday devalued the naira by N6 to dollar. The naira devaluation has brought…
Qatar Airways Touches Down For The First Time In Abuja
Qatar Airways is pleased to announce it will operate three weekly flights from Abuja, Nigeria via Lagos, becoming the sixth…
Nigeria Naira Hits Record Low On Futures Market For Five-Year Settlement
Nigeria’s naira hit a record low of 600 to the dollar on the futures market for five-year settlement on Friday,…
Why Prices Of Food Items Have Increased In Nigeria
Prices of food items have skyrocketed by as much as 30 per cent in many parts of Nigeria in the…
Diaspora Remittances: A Pathway For National Development
A pathway for national development depends on the recognition of how we entice, nurture and manage our second source of…
$35bn External Reserves Sufficient For Seven-Month Imports
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said Nigeria’s external reserves, which currently stand at…
Nigerian Supreme Court Upholds Oil Spill Award Against Shell
Nigeria’s Supreme Court dismissed an application by Royal Dutch Shell Plc’s local unit to review a $467-million award for damages…
Naira Appreciates To N390.25/$ At I&E FX Window
After being marred by heavy losses in the week, the exchange rate of the Naira against the United States Dollar…
Nigeria’s Economy Set To Grow 2% In 2021 – Central Bank Governor
Nigeria’s economy is set to grow by roughly 2% in 2021, its central bank governor said on Friday. Africa’s largest…
REPOST: The Money’s Not Coming Home: $690 Billion Remittance Risk
The amount of money migrant workers send to their home countries usually holds up well in a crisis. Not this…
WorldRemit Launches A New Price Drop On Transfers To Nigeria This Black Friday
WorldRemit, a leading global digital payments company, has announced the launch of its new zero percent pricing for international transfers…
Nigeria In Final Stages Of Talks For Loan From World Bank
Nigeria has fulfilled the conditions for a World Bank loan and is in the final stages of closing the deal,…
Nigeria Ranks 3rd Most Terrorised Country
The Global Terrorism Index (GTI) has shown that Nigeria witnessed an increase in Boko Haram terrorists’ attacks on military targets,…
Nigeria’s Banks Grapple With Covid-19 And Oil Price Slump
Nigeria has sunk into its second recession in less than five years as the Covid-19 pandemic and oil price crash…
Report: Companies Diverting Export Proceeds
A report by AZA Finance, an Africa-focused provider of currency trading solutions has attributed the pressure facing the naira on…
Nigeria Asks OPEC To Review Repercussions Of Output Strategy.
On the peculiar challenges facing the country amid its large population and immense deficit in infrastructure, the president [Muhammadu Buhari]…
Canadian Dollar Steadies As Oil Gives Back Some Recent Gains
The Canadian dollar was little changed against its U.S. counterpart on Thursday as the recent rally in oil lost some…
Crisis Looms As Rail Contractor Demolishes Port Exit Gate
Operations at the Apapa container terminal, operated by APM Terminals, were paralysed on Wednesday as the contractor handling the rail…
Kyari: It No Longer Makes Sense To Operate The Refineries
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, said the corporation deliberately shut down the…
Nigeria, Ghana, Others Move To Address Population Growth
Nigeria, Ghana and other West African countries on Thursday held a conference in Abuja to address human development issues on…