Oil Rises From The Ashes As The Big Coronavirus Recovery Trade
Brent crude topped $50 a barrel last week for the first time since March, a milestone for an oil market…
Day: December 14, 2020
OPEC+ Countries To Hold Jan. 4 Talks, Algeria Says
Algerian Energy Minister Abdelmadjid Attar said on Sunday that OPEC+ countries will meet on Jan. 4 to study the market…
Deregulation: Nigerians Overpaying For Petrol – Expert
At a pump price of N167 per litre, Nigerians are currently overpaying for fuel, an industry expert, Alhaji Rabiu Bello…
As FG Woos Global Investors At GITEX 2020
This year’s Gulf Information Technology Exhibition (GITEX) event and conference, which held at the World Trade Centre in Dubai, UAE,…
CBN Commits N200bn On 300,000 Social Housing Scheme
THE Central Bank of Nigeria, CBN, has committed N200 billion to kickstart the social housing projects, under the Economic Sustainability…
Lagos To Establish A Multi Million Naira Fish Centre
Lagos is set to launch a multi-million Aquaculture Centre of Excellence (L.A.C.E) to provide a major boost to the fast-growing…
Nigeria’s Q3 Oil Exports Rise By 56% To N2.42tn
Nigeria more than doubled its crude oil exports in the third quarter of this year to N2.42tn after months of…
Banks Have Benefited From COVID-19 Fiscal, Monetary Policies – Okonkwo
Nnamdi Okonkwo, who retires as the Managing Director/Chief Executive Officer of Fidelity Bank, on December 31, spoke to business editors…
Pound Sterling Set For An Explosive Monday Session Vs. Euro And Dollar
Pound Sterling is in for a potentially explosive session on Monday owing to a Sunday deadline for EU-UK Brexit talks.…
Nigeria’s Buhari Disputes Lawmakers’ Power To Summon Him
A last minute change of heart by Nigerian President Muhammadu Buhari on answering an invitation by lawmakers triggered a constitutional…
Nigerian Military In Firefight With Gang Who Kidnapped Students
The Nigerian military had located and exchanged fire with gunmen who kidnapped scores of secondary school students in northwestern Katsina…
Relieved Pound Jumps As Brexit Talks Go Beyond Deadline
The British pound gained a percent against the dollar and the euro in relief after Britain and the European Union…
Global Lenders Raise Pressure On Nigeria To Reform Currency
The International Monetary Fund and World Bank have intensified calls on Nigeria to speed up currency reforms without which Africa’s…
Naira Appreciates To N394/$ At I&E Amid 180.6% Spike In FX Demand
The Naira appreciated by 0.15 per cent or 60 kobo against the US Dollar at the Investors and Exporters (I&E)…
Debut Sale Of Special Nigerian Bonds Disappoints Investors
Nigeria’s first issuance of special bills created to boost liquidity for the nation’s banks left investors disappointed after yields on…
Transport Owners Want Land Borders Reopened
The Public Transport Owners of Nigeria Association (PTONA) has appealed to the federal government to reopen the land borders it…
IMF Article IV: Nigeria’s Outlook Challenging, Forex Reforms Needed
The International Monetary Fund (IMF) yesterday returned a gloomy verdict on the Nigerian economy for 2020, declaring that the nation’s…
Govt Halts Retrenchment Of 300 Arik Air StaffGovt Halts Retrenchment Of 300 Arik Air Staff
The Federal Government on Thursday said the over 100 per cent hike in domestic airfares was inevitable, describing it as…
Exporters Lament U.S Ban On Nigeria’s Catfish
Catfish exporters in Nigeria have lamented the ban on Nigeria’s processed catfish by the United State government, saying the decision…
Nigeria Will Have 110m Poor People By End Of 2020
The former vice presidential candidate of the Peoples Democratic Party (PDP) in the 2019 general elections, Peter Obi has said…
U.K. Banks Could Be Forced To Refund Fraud Victims: Telegraph
U.K. lenders would be forced to refund all victims of financial fraud if plans being proposed by an official watchdog…
Nigeria To Reopen Isolation Centers As Covid-19 Cases Surge
Nigeria is set to reopen Covid-19 isolation and treatment centers as the number cases jumped to the highest in more…
Lufthansa Awaits Clearance On P/H
European carrier, Lufhansa German Airlines yesterday said it was awaiting clearance from the Federal Government to resume flight operations into…
Nigeria Central Bank Sold Dollars On Forward Market Above 400 Naira -Traders
Nigeria’s central bank sold dollars on the forward market above 400 naira to foreign investors for 150-day settlement with the…
Report: CBN Must Accelerate Interventions In 2021 To Boost Economy
A report by the SB Morgen (SBM) has predicted that the Central Bank of Nigeria (CBN) will increase its interventionist…
Factbox-Latest On Worldwide Spread Of The Coronavirus
Daily coronavirus deaths hit a record high in Portugal and Turkey, while U.S. officials prepared for the most ambitious vaccination…
ICC Prosecutor Seeks Full Investigation Into Nigerian Conflict
The prosecutor of the International Criminal Court on Friday said she would seek a full investigation into possible war crimes…
Economy Expected To Improve December – CBN Survey
A survey conducted by the Central Bank of Nigeria showed that respondents expected the economy to improve in December after…
Naira Will Become Powerful Again – Adeboye
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, says the naira will regain its strength…
Canada Forecasts Show Fast Coronavirus Spread; Officials Urge New Restrictions
Longer-range forecasts project the second wave of the coronavirus spreading rapidly through Canada, and all the major provinces need to…