Aussie And Euro Gain As U.S. Transition Goes Ahead; Kiwi Jumps
Risk-oriented currencies including the Australian dollar and the euro rose on Tuesday after U.S. President Donald Trump accepted the start…
Month: November 2020
Naira Plunges Further, Exchanges For 483/$ Over Speculation
The naira exchanged to the dollar for 483 in the parallel market on Monday. This was despite the regular interventions…
Bitcoin Nears N9m As Naira Gains N1 Against Dollar At Parallel Market
Business Post gathered from Quidax, a platform used for trading cryptocurrencies in Naira, that six other digital currencies tracked equally…
World Bank Predicts Nigeria’s Per Capita Income May Hit 40-Year Low
Nigeria’s per capital income in 2020 could decline to its lowest level in 40 years, the World Bank Country Director…
UK Leader To End England’s Coronavirus Lockdown On Dec. 2
LONDON — British Prime Minister Boris Johnson has announced plans for strict regional measures to combat COVID-19 after England’s lockdown…
China Is Set To Eclipse America As World’s Biggest Oil Refiner
Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries…
Inside Illicit Trade In West Africa’s Oldest Artworks – Part 1
Outside it has become night. In front of the windows of one of Abuja’s grandest hotels, the pool shines turquoise…
Goldman Says Saudi Peg ‘Here To Stay,’ Though At Cost To Economy
Saudi Arabia is sacrificing non-oil economic growth with fiscal policies designed to ensure its currency peg’s stability during a period…
Busy Week For U.S. Economy Builds To Black Friday: Eco Week
The holiday-shortened week in the U.S. will be a packed one for economic data, while Federal Reserve meeting minutes will…
Canada Losing Billions Of Dollars To Offshore Tax Havens
Canada is losing $7.9 billion dollars to tax havens, according to a new study timed ahead of the G20 leaders…
Nigeria Officially Slides Into Worst Recession Since 1987
The Nigerian economy has slipped into its second recession in five years after the gross domestic product contracted the second…
Nigeria: Train 7 To Create 52,000 Jobs, Says NLNG
The Managing Director and Chief Executive Officer of the Nigerian Liquified Natural Gas, Tony Attah, has said that at least…
Aviation Sector Quakes Under Huge Debts
The fate of the nation’s aviation sector may be hanging on the precipice over N22b debts owed by some local…
Nigeria Fastest Growing Economy In Africa – UK Trade Envoy
Hon. Helen Grant, United Kingdom Trade Envoy to Nigeria, has said that Nigeria was the fastest growing economy in Africa.…
COVID-19, Oil Prices Drag Nigeria Into Second Recession In Four Years
Nigeria is back in a recession for the second time in four years, no thanks to COVID-19 and the crash…
The Socio-Economic Potentials Of CBN’s Youth Investment Fund
If well-implemented and devoid of political manipulation, the Nigeria Youth Investment Fund (N-YIF) should boost job creation and produce a…
Britain And Canada Agree Post-Brexit Rollover Trade Deal
Britain and Canada struck a rollover trade deal on Saturday to protect the flow of $27 billion-worth (£20.32 billion) of…
Nigerian General Dismisses Bloody Lagos Protest Videos As Fake
A judicial panel investigating claims that Nigerian soldiers shot dead peaceful protesters in Lagos viewed videos on Saturday appearing to…
Your iPhone can recognize any song with just a tap — here’s how to set it Up
Apple released a software update for iPhones and iPads earlier this month that includes a built-in music recognition button that…
Tech companies are lining up to go public — here’s what we learned from the most recent wave of IPO filings
Tech investors have plenty of reading to do over the Thanksgiving holiday in the form of IPO filings. DoorDash, Airbnb,…
Biden Faces A Race Against The Clock For U.S. To Rejoin Iran Nuclear Deal
ble opportunity arises we will act on our responsibilities. No one should miss any opportunity.” The Iranian government’s statements over…
Bitcoin Could Hit $500,000, The Founder And CEO Of Ark Invest Says
The price of Bitcoin has been on a tear, rising nearly 160% this year and about 25% month to date.…
Nigeria: Tax Reduction Designed To Make Nigerian Economy Attractive —Osinbajo
Vice- President Yemi Osinbajo has said the decision of the Federal Government to slash taxes was aimed at making the…
Nigeria’s Real GDP Contracts By -3.62% In Q3 2020, Technically Enters A Recession
Overview of GDP in Quarter Three 2020 Nigeria’s gross domestic product (GDP) recorded a growth rate of -3.62% (year-on-year) in…
Gold Firms As Mnuchin Rekindles U.S. Stimulus Hopes
Gold edged higher on Friday after U.S. Treasury Secretary Steven Mnuchin signalled that negotiations on stimulus measures will continue, boosting…
Biggest African Economy Falls Into Recession As Oil Output Drops
Africa’s largest economy has slumped into a recession in the third quarter as oil production dropped to a four-year low.…
Buhari Begins Search For New EFCC Chairman, Looks Outside Police
Feelers from the Presidency last night revealed that the search for a new Chairman for the Economic and Financial Crimes…
AFTERMATH OF FUEL PRICE HIKE: Nigerians Groan As Prices Of Foodstuff, Goods, Services Skyrocket
As Nigerians continue to adjust to the “new normal” occasioned by the Coronavirus (COVID- 19) pandemic, prices of food items,…
Why Abuja-Kaduna-Zaria-Kano Road Hasn’t Been Completed – Fashola
The Nigerian government reiterates commitment to completing Abuja-Kaduna-Zaria-Kano Dual Carriageway. The Minister of Works and Housing, Babatunde Fashola, has reiterated…
Nigeria Slips Into Recession, Weighed Down By COVID-19 And Oil Prices
Nigeria has slipped into a recession after its gross domestic product contracted for the second consecutive quarter, according to data…