Pope Condemns ‘Terroristic Massacre’ Of Nigerian Farmers
Pope Francis condemned on Wednesday the killing of scores of farmers and villagers in northeast Nigeria by suspected Islamist militants…
Day: December 2, 2020
Stock Market Extends Gains By N55bn
Nigerian stock market sustained its positive outlook on Tuesday to begin the month of December on a positive note as…
Fitch Ratings: Forex Liquidity Risk May Affect Credit Rating Of Nigerian Banks
Fitch Ratings, a global credit rating agency, predicts a risk in the rating of Nigerian banks due to foreign currency…
Terrorism: Don’t Unfreeze #EndSARS Campaigners’ Accounts, CBN Begs Court
THE Central Bank of Nigeria has asked Justice Ahmed Mohammed of a Federal High Court in Abuja not to unfreeze…
Pound Jumps As Traders Look For Endgame To U.K.-EU Trade Talks
The pound rallied the most in more than a week, as speculation grows British and European officials are getting closer…
Naira Appreciates At N490/$1 In Parallel Market After New CBN Policy
This is coming a day after it weakened at N500 to the dollar in the parallel market. The CBN had,…
Diaspora Remittances, Domiciliary Accounts Become Battlegrounds For Nigeria’s FX Crisis
Truth is no one will gladly send a dollar to Nigeria at N390 if he or she can get N490-500…
Businesses Need Lower Interest Rates To Kick-Start Recovery
Creaking grid: Electric wires in Ojuelegba district in Nigeria’s commercial capital Lagos, June 18, 2018. REUTERS/Akintunde Akinleye Nigeria’s government needs…
Ivory Coast Struggles To Sell Cocoa Amid Dispute Over Farmer Premium
Ivory Coast has not sold up to 15% of cocoa from its ongoing main crop, while the vast majority of…
Threats, Detentions And Frozen Assets: Nigeria’s Protesters Depict Pattern Of Intimidation
At 7 a.m. on a recent Saturday, Onomene Adene received a call from a man whose voice she did not…
Musk to Tesla employees: ‘Our stock will immediately get crushed like a souffle under a sledgehammer!’ if we don’t control costs
Tesla CEO Elon Musk sent an e-mail to employees on Tuesday warning them that they need to control their spending…
Japan Makes COVID-19 Vaccine Free For Residents
Japan on Wednesday enacted a law to cover the cost of vaccination against COVID-19 for residents. Amid rising hopes for…
Dr. Scott Gottlieb sees Covid vaccine in ‘rationing type of environment’ well into the spring
Dr. Scott Gottlieb told CNBC on Wednesday the availability of coronavirus vaccine doses is likely to be limited in the…
Naira Reverses Loss, Trades At N470/$
It is currently trading at N470 to the dollar. The naira, which had previously exchanged at N500/$, strengthened after the…
CBN Directs Banks To Close Naira Ledger Accounts For IMTO
The Central Bank of Nigeria (CBN) has directed banks in the country to close all naira ledger accounts opened specifically…
Delay In Vaccine Rollout Is The Top Risk To The Economic Recovery, ECB Member Says
LONDON — A potential delay to the distribution of coronavirus vaccines is the biggest risk facing the economic recovery in…
Oil Holds Steady With OPEC Working To Bridge Gaps On Policy
Oil held steady in New York, with OPEC and its partners engaging in a diplomatic push to agree on output…
Minister Assures Investors Of Forex In Machinery Procurement
The Federal Government on Monday assured local raw materials investors that they will be given priority in foreign exchange (forex)…
Govt Assures Investors Of Access To Forex For Machinery Importation
The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo has assured investors using local raw materials that the federal…
CBN Issues Fresh Directives On Foreign Currency Payment Of Diaspora Remittance
The Central Bank of Nigeria CBN) has issued fresh directives to International Money Transfer Operators (IMTOs) on foreign currency payment…
Sterling Slips Below $1.34 As Brexit Trade Deal Doubts Emerge
Sterling dipped below $1.34 as doubts resurfaced over whether Britain can seal a post-Brexit trade deal with the European Union,…
Nigeria’s Biggest Bank In Talks To Buy Atlas Mara Assets
Nigeria’s biggest bank is in talks about a potential acquisition of assets belonging to Bob Diamond’s Atlas Mara Ltd. to…
Dollar Rises From Two-And-A-Half-Year Lows, Risk Currencies Retreat
The dollar rose from a two-and-a-half-year low on Wednesday as investors assessed the likelihood of further fiscal stimulus in the…
CBN Introduces Special Bills To Deepen Financial Market
The Central Bank of Nigeria (CBN) will make N250 billion available for infrastructure funding in a bid to expand gas…
Dollar Savers Offload Deposits As Naira Exchanges For N490/$
The naira on Tuesday recorded significant gains against the dollar. The local currency’s appreciation against the greenback came a day…
Naira Depreciates At I&E On 379.6% Jump In FX Demand
The Naira slid by 0.96 per cent or N3.75 against the US Dollar at the Investors and Exporters (I&E) window…
Will I Need A Visa To Go To The EU After Brexit?
With less than a month before the end of the Brexit transition period, there are still many uncertainties about the…
FX Inflows: CBN Enables Cash Withdrawal In Foreign Currencies
In order to bridge the wide exchange rate between the legalised foreign exchange (forex) markets and the parallel market, the…
CBN Releases Banks’ Excess CRR To Spur Economic Recovery
As part of efforts to support economic recovery and propel the quest to return to the growth path, the Central…
Customs Explains Multiple Import Counter-Check System
COORDINATOR of the Comptroller General of Customs Strike Force Zone ‘A’, Ahmadu Bello Shuaibu, has said the Service’s four layer…