Diaspora Remittances In Dollars: Giving Beneficiaries Value For Money
In 2016, the CBN, in an effort to increase remittance inflows and improve the number of formal channels under which…
Day: December 29, 2020
LCCI: Nigeria May Remain In Recession Beyond 2021
Amid the resurgence of COVID-19, the Lagos Chambers of Commerce and Industry (LCCI) has predicted that Nigeria risks a further…
China’s Economy Set To Overtake U.S. Earlier Due To Covid Fallout
The Chinese economy is set to overtake the U.S. faster than previously anticipated after weathering the coronavirus pandemic better than…
What Is Expected In The Forex Market In 2021?
This year, the foreign exchange market was heavily impacted by the coronavirus pandemic. Currencies were often bought and sold based…
Can Oil Stocks Bounce Back In 2021
There’s no way to sugar coat things; 2020 was an abysmal year for the oil market. Crude oil prices are…
UK And Turkey To Sign Free Trade Deal This Week – FT
Britain and Turkey are set to sign a free trade deal on Tuesday, the first since Prime Minister Boris Johnson…
NPA Electronic Call-Up System To Decongest Ports
Come January 2021, the Nigerian Port Authority (NPA) will float the electronic version of its call-up system, which is expected…
EUR/USD 1Q Forecast: US Dollar May Rebound Vs. Euro As Fed, ECB Policies Diverge
US Dollar soared at the onset of the Covid-19 pandemic as panicked credit markets began to seize up, sending capital…
Explainer-How Will The EU-British Trade Deal Change Ties?
British and EU negotiators clinched a wide-ranging free trade deal on Christmas Eve, meaning commerce between the trading bloc of…
Nigeria’s Duty-Free Export To US Shrinks To $351.73m
Nigeria’s export to the United States under a duty-free policy declined in the first nine months of 2020, recording $351.73m…
Bitcoin All-Time Price High Surpasses $28K, BTC’s Half Trillion Market Cap Now Bigger Than Visa
Bitcoin markets have been seeing a lot of action this weekend, as the price of the crypto asset touched another…
Nigerians Now Taking Centre-Stage In Downstream Sector, Says DPR
Director, Department of Petroleum Resources (DPR), Sarki Auwalu, has said Nigerian indigenous oil companies are now taking the centre stage,…
Will Economy Be Better In 2021?
As 2020 draws to a close, many Nigerians look towards 2021 uninspired by the catatonic state of the economy. The…