CBN Expects $2bn Diaspora Remittances Monthly, Says Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Thursday, said the target of the CBN is for…
Day: December 7, 2020
UK And EU Leaders Say Brexit Talks To Resume In Bid To Find A Deal
British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen asked their Brexit negotiators to resume talks…
Nigeria Losing $1.9bn Annually To Foreign Ship Owners – NSC
The Chief Executive Officer, Nigerian Shippers’ Council Hassan Bello, has said that Nigeria is losing $1.9bn to foreign ship owners…
U.S. Ends Exchange Programs With China, Calling Them ‘Propaganda’
The U.S. State Department said on Friday it has ended five cultural exchange programs with China, calling them “soft power…
Canadian Dollar Cracks 78 U.S. Cents On Strong Jobs Data
The Canadian dollar strengthened to a two-year high against its U.S. counterpart on Friday as Wall Street rose and data…
Dangote: Naira Devaluation Will Not Affect Nigeria’s Food Fortification Targets
Dangote said this at the 3rd Annual Nigeria Food Processing and Leadership Forum, which he chaired alongside Bill Gates, co-chair…
Pound Soars To 2018 High On Brexit Optimism, Dollar Weakness
The pound rallied on mounting speculation that Britain and the European Union are closing in on a Brexit trade agreement.…
Next Africa: Where Are The Vaccines?, South Africans Ask
The plaudits South Africa won for its swift initial response to the coronavirus in March are a distant memory. While…
Why We’ve Been Able To Fast-Track Lagos-Badagry Expressway Project — FG
The Federal Government says additional alternative funding is speeding up reconstruction of the Lagos-Badagry Expressway. The Federal Controller of Works…
Devaluation In Nigeria: Lesson For The Next Government By Dr Nasir Aminu
The effects of weakening the naira include more expensive imported goods. In an ideal world, this should discourage imports into…
Recession: Nigerians Must Moderate Foriegn Goods Consumption To Stabilize Economy – CBN
Central Bank of Nigeria, has advised Nigerians to moderate their insatiable tastes for consumption of foriegn goods to stabilize the…
Naira Steady As Oil Output Slips And Remittances Fall
Nigeria’s central bank weakened the naira for the third time this year amid dollar shortages and lower than anticipated foreign…
We’ll Allow Freedom Of Speech, Not Reckless Use Of Social Media, Says FG
The Minister of Information and Culture, Alhaji Lai Mohammed, yesterday, restated the resolve of the President Muhammadu Buhari-led government to…
US Removes Visa Reciprocity Fee For Nigerians
The United States has removed the reciprocity fee imposed on visa applications for Nigerians. Nigeria’s Ministry of Foreign Affairs spokesman…