Senate Considers Bill To Blacklist Loan Defaulters
The Senate on Tuesday, passed for second reading, a bill to allow banks recover loans from defaulters, place them on…
Day: December 8, 2020
Trade Deficit Expands To A New 4-Year High In Q3 2020
In line with our expectations, trade flows remained downbeat as 9M’20 trade flows plummeted by 10.9% to N23.2 trillion. Although…
Oil Contributes 81% To N2.99tn Q3 Exports
Despite efforts made at boosting non-oil earnings, crude contributed N2.42 trillion to the country’s 2.99 trillion Q3 2020 export earnings,…
China Makes Digital Yuan Transfers As Easy As Using A Phone
BEIJING — China will expand trials of its digital yuan Friday evening with a feature letting individuals send money to…
Port Congestion Drops By 20% – Shippers Council
Lagos — The congestion at various terminals at the Apapa and Tin-Can Island Ports has dropped to 20 per cent…
Buhari Threatens To ‘Deal Decisively With Violent Protesters’
He said this as protests resurfaced in Oshogbo, Osun State Monday. President Muhammadu Buhari Monday in Abuja warned that “any…
Pound On The Defensive As Brexit Deal Talks Go Down To The Wire
Britain’s pound was the biggest mover in otherwise quiet trade among the G10 group of currencies on Tuesday, falling broadly…
Dollar Weakens As Market Looks To U.S. Stimulus; Sterling Falls
The dollar slid against most currencies on Monday in choppy trading, as investors looked past the surge in coronavirus cases…
Emefiele, Others Support New Payment Settlement Initiative
The interim Governing Council of the Pan-African Payment and Settlement System (PAPSS) held its inaugural meeting in Cairo, recently, a…
Three Arrested In Multimillion Invoice-Redirect Fraud Investigation
Gardaí investigating a major crime network based in Ireland, and abroad, that has scammed millions of euro from victims of…
Nigerian Airlines Attribute High Fares To Exchange Rate
Some of the Nigerian airlines say they won’t be able to fund their operations if they don’t increase the fare.…
Nigeria’s Oil Industry To Get Lift From SHI Offshore Technology Investment
Despite the slump in crude oil prices, which may push the oil majors and minors to defer projects, the global…
Recession – Nigeria In Need Of Expansionary Economic Policy
Recession is a function of a country’s Gross Domestic Product (GDP); which is defined as the cumulative value of all…
Petrol Price May Hit N180 As Oil Nears $50
The pump price of Premium Motor Spirit, popularly known as petrol, may hit N180 per litre this month, according to…
Nigeria: Non-Performing Loans Have Dropped Due To GSI
The Acting Managing Director of FirstCentral Credit Bureau and Chairman of Credit Bureaus Association of Nigeria, Mr. Oladimeji Peters, in…
FG To Reduce Petrol Price By N5 From Monday
The Federal Government has agreed to slash the pump price of Premium Motor Spirit (PMS), known as petrol, by N5…
Mastercard Sees Vaccine News Speeding Up Return To Office
Mastercard Inc.’s incoming chief executive officer said promising data on coronavirus vaccines could mean the firm is able to bring…
Oil Drops Toward $45 With Virus Surge Tempering Vaccine Optimism
Oil fell for a second day as near-term demand risks due to a resurgent pandemic tempered optimism over the prospect…
Dollar Gains Ground On U.S. Stimulus Hopes
The dollar edged a little higher on Tuesday morning in Asia, keeping the momentum from overnight. The surge in COVID-19…
Brexit: Pound Recovers Ground As Johnson Sets Talks In Brussels
The pound has fallen against the euro and the dollar, as traders reacted to the growing prospect of a no-deal…
Why Pound Traders Are Optimistic About Brexit
Hope springs eternal. U.K. Prime Minister Boris Johnson is packing his bags for Brussels to meet with European Union leaders…
Factbox-Britain Begins Rollout Of Pfizer’s COVID-19 Vaccine
Britain will start rolling out the COVID-19 vaccine developed by Pfizer and BioNTech on Tuesday, the first Western country to…
US Adds Nigeria To Religious Freedom Blacklist
The United States on Monday placed Nigeria for the first time on a religious freedom blacklist, paving the way for…
Fresh Pressure Mounts On Naira, Trades N482/$1 At Black Market
During the trading session, the local currency depreciated by N7 to sell for N482/$1 in contrast to the previous session’s…
‘New Policy On Diaspora Remittances ‘Ll Halt Naira Slide’
The Central Bank of Nigeria (CBN) has continued to receive commendations for the reintroduction of the policy which allowed beneficiaries…
FG To Generate $30bn From 22 Major Products On Export
Federal Government has said it is working assiduously to boost the country’s non-oil revenues having rolled out export policies for…
Nigeria Resumes Fuel Import From China
According to data from the General Administration of Customs as obtained by S&P Global Platts, the Asian country shipped 37,000…
Buhari Renominates Kuru As MD Of AMCON; Appoints New Heads For NDIC
President Muhammadu Buhari has renominated Mr Ahmed Kuru as Managing Director and Mr Eberechukwu Uneze and Mr Aminu Ismail as…
December 2020 FGN Savings Bonds Offer For Subscription
Pursuant to the Debt Management Office (Establishment) Act 2003 and the Local Loans (Registered Stock and Securities) Act, CAP. L17,…
China Hands Out $3 Million Of Digital Yuan As JD.Com Becomes First Online Platform To Accept It
GUANGZHOU, China — Chinese e-commerce firm JD.com said it has become the first online platform to accept the country’s digital…