AfDB To Set Up Agro-Finance Fund
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has disclosed that the bank is partnering with relevant…
Month: November 2020
#EndSARS: CACOVID To Rebuild 44 Police Stations, Donates N100bn For Arms
The Central Bank Governor, Godwin Emefiele, has said the Coalition Alliance Against COVID-19 will rehabilitate all the police stations that…
Dollar Losses Put On Hold But Long-Term Outlook Tilts To Downside
The dollar was on the defensive on Thursday as downbeat U.S. economic data and optimism about coronavirus vaccines prompted investors…
Nigeria: NPA Moves To Ease Tin Can Port Traffic
The Nigerian Ports Authority, Tin Can Island Port Complex, has assured stakeholders of better traffic situation along the port access…
This Recession Makes Life Difficult For Citizens And Increases Level Of Misery – DG LCCI, Yusuf
In this interview with NIKE POPOOLA, the Director-General, Lagos Chamber of Commerce and Industry, Dr Muda Yusuf, speaks on the…
Parallel Market Accounts For 5% Of FX Market Share—CBN Governor
Mr Emefiele made this claim in Abuja on Tuesday while reacting to a question on the value of the Naira…
15-Month Border Closure: Manufacturers Fault Federal Govt, Committee Report Ready For Buhari
Stakeholders in the manufacturing sector, including the Manufacturers’ Association of Nigeria’s Export Group and the Abuja Chamber of Commerce and…
Dollar In Holding Pattern But Traders Warn Of Further Declines
The dollar was on the defensive on Thursday as downbeat U.S. economic data and optimism about coronavirus vaccines prompted investors…
Africa Looks To China, Russia To Boost Scant Vaccine Supplies
The Africa Centres for Disease Control and Prevention and the African Union have discussed Covid-19 vaccine trial partnerships with both…
Alleged Members Of Nigerian Cybercrime Ring Arrested In Lagos
Three alleged members of a prolific Nigerian cybercrime ring have been arrested in Lagos, part of a larger group that’s…
Vaccine Is No Shot In The Arm Yet For Emerging Markets
Emerging markets have surged on the prospect that coronavirus vaccines will become widely available soon, but analysts think the rally…
ABCON Blames FX Speculators For ‘Forceful Devaluation Of Naira’
Last week, the Nigerian weakened to N484/$1. It only appreciated by N1 on Monday to trade at N483/$1 and as…
ABCON: $35.6b Foreign Reserves Enough To Defend Naira
The $35.6 billion foreign exchange reserves is enough to protect naira against attacks by currency speculators forcing the local currency…
Second Recession In 5 Years: Urgent Need For Robust Fiscal And Investment Policies
The GDP numbers released on Saturday (November 21) confirmed that Nigeria has officially fallen into a recession. The economy shrank…
Brexit – Talks Are Set To Resume By Friday As The Pound Inches Towards $1.34
Brexit talks are set to resume later this week after both sides had agreed to suspend talks. A member of…
CBN Flays Those Using Parallel Market Rate To Push For Naira Devaluation
Those using parallel market rate to put pressure on the Central Bank of Nigeria (CBN) to devalue the Naira won’t…
Trump Imposes $15,000 Visa Bond For Visitors From Nigeria, Others
A new temporary rule that could require tourist and business travellers from a dozen African countries, including Nigeria, to pay…
Elon Musk Overtakes Bill Gates To Become World’s Second Richest Man, Now Worth $128 Billion
Elon Musk, founder of the most sought automaker company, Tesla, has just hit a new apex by surpassing Microsoft founder,…
Cash Cards For Kids – Digital Banks Race To Capture The Next Generation
When John Hibbs’ daughter Xanthe received her first bank card in the mail, the six-year-old spent the next week Googling…
CAMA to be implemented from January 1, says CAC
The Corporate Affairs Commission (CAC) says it will begin the implementation of Companies and Allied Matters Act (CAMA) on January…
Minimum wage earners to be exempted from tax payment – Buhari
THIS is good news for minimum wage earners in the country. They will in no distant time be exempted from…
Modular Refinery As Game Changer For South-East
From the Ibigwe refinery of Waltersmith Petroman expected to be inaugurated this week, Nigeria’s five south eastern states can comfortably…
Biden To Name Yellen To Treasury To Lead U.S. From Sharp Economic Downturn
President-elect Joe Biden is expected to nominate former Federal Reserve Chair Janet Yellen as U.S. Treasury secretary, breaking a 231-year…
Ghana is running out of fiscal space after its debt-to-GDP ratio reached 71%, says Central bank
Ghana is running out of fiscal space as its debt-to-GDP ratio reached 71% by Sept. 30, the highest in nearly…
Yemi Edun named among Britain’s most influential black people in the new powerlist
London property expert and acquisition agent, Yemi Edun, on Tuesday was named as one of the UK’s most influential black…
How African Trucking Firms Are Trying To Make Everything Cheaper
Getting products from manufacturers to market can be a slow and expensive process in Africa. But a new generation of…
Investors Commit Billions At Lagos Free Zone In Nigeria
Lagos Free Zone (LFZ) ( www.LagosFreeZone.com ), the first privately owned special economic zone in Nigeria with an integrated deep…
Bitcoin Pierces $19,000 For First Time Since 2017
Bitcoin surpassed $19,000 for the first time since 2017 as the mania over digital currencies continues to grip Wall Street.…
Nigeria: COVID-19 Caused Recession – Buhari
As Nigeria slips into recession for the second time in five years, President Muhammadu Buhari, says it came about because…
Nigeria Government Plans To Only Buy Locally Assembled Cars
Nigeria plans to introduce a policy for government to buy only locally assembled cars in a bid to increase the…