Real Time Financial News Website
LONDON — Joe Biden’s presidency will be a bigger problem for the Chinese government than the nearly four years of the Donald Trump administration, economist Jim O’Neill told CNBC’s “Squawk…
Millions of jobless Americans are likely eyeing ongoing negotiations in Congress around a new coronavirus relief package with intense interest. Unemployment benefits — namely, the size of a weekly subsidy…
Facebook’s libra cryptocurrency is reportedly preparing to launch with a single cryptocurrency, a scaled-down version of its original plan. The launch date for Facebook’s libra could be as early as…
The Central Bank of Nigeria (CBN) has devalued the Naira by N6 to Dollar. This brings the Naira closer to the exchange rate unification policy recommended by the International Monetary…
A recount in Wisconsin’s largest county demanded by Republican President Donald Trump’s election campaign ended Friday with Democratic President-elect Joe Biden gaining votes. After the recount in Milwaukee County, Biden…
President Muhammadu Buhari will on December 1 roll out the auto-gas scheme in Abuja as the Federal Government moves to create alternative fuel for automobiles and other prime movers in…
The Central Bank of Nigeria (CBN) has directed bureau de change operators in the country not to sell dollars higher than N392 to end users. In a circular signed by…
The Nigerian Shippers’ Council on Friday said that the Council has set machineries in motion to put an end to the perennial Apapa gridlock before the end of first quarter…
Manufacturers Association of Nigeria says its members are losing market share daily to other African countries due to the closure of the border. The President, MAN, Mansur Ahmed, said export…
Nairametrics can confirm that the exchange rate between the naira and dollar has depreciated to N390/$1. Nairametrics can confirm that the exchange rate between the naira and dollar has depreciated…
The Central Bank of Nigeria (CBN) on Friday devalued the naira by N6 to dollar. The naira devaluation has brought the local currency closer to the exchange rate unification agenda…
Qatar Airways is pleased to announce it will operate three weekly flights from Abuja, Nigeria via Lagos, becoming the sixth new destination announced by the national carrier of the State…
Nigeria’s naira hit a record low of 600 to the dollar on the futures market for five-year settlement on Friday, traders said, after the black market eased, showing the severity…
Prices of food items have skyrocketed by as much as 30 per cent in many parts of Nigeria in the last one year. This increase is largely caused by border…
A pathway for national development depends on the recognition of how we entice, nurture and manage our second source of foreign exchange which is: diaspora investments. To put this in…
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said Nigeria’s external reserves, which currently stand at $35bn, are sufficient to cover seven months of imports of…
Nigeria’s Supreme Court dismissed an application by Royal Dutch Shell Plc’s local unit to review a $467-million award for damages caused by an oil spill half a century ago. Justice…
After being marred by heavy losses in the week, the exchange rate of the Naira against the United States Dollar got a breather on Friday at the Investors and Exporters…
Nigeria’s economy is set to grow by roughly 2% in 2021, its central bank governor said on Friday. Africa’s largest economy slipped into recession in the third quarter, hit by…
The amount of money migrant workers send to their home countries usually holds up well in a crisis. Not this time. Waves of job losses among overseas workers and international…
WorldRemit, a leading global digital payments company, has announced the launch of its new zero percent pricing for international transfers to Nigeria. The new lowered price allows customers to send…
Nigeria has fulfilled the conditions for a World Bank loan and is in the final stages of closing the deal, according to Finance Minister Zainab Ahmed. The lender’s board will…
The Global Terrorism Index (GTI) has shown that Nigeria witnessed an increase in Boko Haram terrorists’ attacks on military targets, last year. “Over the past year, Boko Haram increased attacks…
Nigeria has sunk into its second recession in less than five years as the Covid-19 pandemic and oil price crash squeeze its hydrocarbon industry. Crude oil production shrunk by 3.6%…
A report by AZA Finance, an Africa-focused provider of currency trading solutions has attributed the pressure facing the naira on the parallel market to diversion of export proceeds away from…
On the peculiar challenges facing the country amid its large population and immense deficit in infrastructure, the president urged OPEC to consider the weight of the responsibility of the nation…
The Canadian dollar was little changed against its U.S. counterpart on Thursday as the recent rally in oil lost some momentum and ahead of a parliamentary appearance by Bank of…
Operations at the Apapa container terminal, operated by APM Terminals, were paralysed on Wednesday as the contractor handling the rail project at the Apapa port mobilised to site, blocked the…
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, said the corporation deliberately shut down the nation’s refineries because they no longer make sense to be…
Nigeria, Ghana and other West African countries on Thursday held a conference in Abuja to address human development issues on the continent such as the challenge of population growth and…