Business Relieved Pound Jumps As Brexit Talks Go Beyond Deadline December 14, 2020 Ekemini The British pound gained a percent against the dollar and the euro in relief after Britain and the European Union agreed to continue talks on post-Brexit trade beyond Sunday’s deadline.…
Business Local Global Lenders Raise Pressure On Nigeria To Reform Currency December 14, 2020 Ekemini The International Monetary Fund and World Bank have intensified calls on Nigeria to speed up currency reforms without which Africa’s largest economy may fail to achieve the growth it needs…
Business Local Naira Appreciates To N394/$ At I&E Amid 180.6% Spike In FX Demand December 14, 2020 Ekemini The Naira appreciated by 0.15 per cent or 60 kobo against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange market on Friday to close…
Business Debut Sale Of Special Nigerian Bonds Disappoints Investors December 14, 2020 Ekemini Nigeria’s first issuance of special bills created to boost liquidity for the nation’s banks left investors disappointed after yields on longer-dated debt securities surged. The central bank offered about 4.1…
Local Transport Owners Want Land Borders Reopened December 14, 2020 Ekemini The Public Transport Owners of Nigeria Association (PTONA) has appealed to the federal government to reopen the land borders it closed about 15 months ago. The association also urged the…
Business Local IMF Article IV: Nigeria’s Outlook Challenging, Forex Reforms Needed December 14, 2020 Ekemini The International Monetary Fund (IMF) yesterday returned a gloomy verdict on the Nigerian economy for 2020, declaring that the nation’s economic outlook is challenging. The multilateral institution, which recently conducted…
Business Local Govt Halts Retrenchment Of 300 Arik Air StaffGovt Halts Retrenchment Of 300 Arik Air Staff December 14, 2020 Ekemini The Federal Government on Thursday said the over 100 per cent hike in domestic airfares was inevitable, describing it as one of the consequences of the COVID-19 pandemic. It also…
Business Local Exporters Lament U.S Ban On Nigeria’s Catfish December 14, 2020 Ekemini Catfish exporters in Nigeria have lamented the ban on Nigeria’s processed catfish by the United State government, saying the decision has affected them negatively. The American government banned the export…
Local Nigeria Will Have 110m Poor People By End Of 2020 December 14, 2020 Ekemini The former vice presidential candidate of the Peoples Democratic Party (PDP) in the 2019 general elections, Peter Obi has said that Nigeria will have 110million poor people by the end…
Business U.K. Banks Could Be Forced To Refund Fraud Victims: Telegraph December 14, 2020 Ekemini U.K. lenders would be forced to refund all victims of financial fraud if plans being proposed by an official watchdog are adopted, according to the Telegraph newspaper. The Payment Systems…
Local Nigeria To Reopen Isolation Centers As Covid-19 Cases Surge December 14, 2020 Ekemini Nigeria is set to reopen Covid-19 isolation and treatment centers as the number cases jumped to the highest in more than five months, according to the health ministry. Testing centers…
Business Local Lufthansa Awaits Clearance On P/H December 14, 2020 Ekemini European carrier, Lufhansa German Airlines yesterday said it was awaiting clearance from the Federal Government to resume flight operations into Port Harcourt International Airport and described the country as one…
Business Local Nigeria Central Bank Sold Dollars On Forward Market Above 400 Naira -Traders December 14, 2020 Ekemini Nigeria’s central bank sold dollars on the forward market above 400 naira to foreign investors for 150-day settlement with the spot market closing on bid throughout the week despite interventions,…
Business Local Report: CBN Must Accelerate Interventions In 2021 To Boost Economy December 14, 2020 Ekemini A report by the SB Morgen (SBM) has predicted that the Central Bank of Nigeria (CBN) will increase its interventionist stance to boost growth in country’s economy in 2021. The…
World Factbox-Latest On Worldwide Spread Of The Coronavirus December 14, 2020 Ekemini Daily coronavirus deaths hit a record high in Portugal and Turkey, while U.S. officials prepared for the most ambitious vaccination campaign in decades as regulators rapidly advanced toward approving the…
Local ICC Prosecutor Seeks Full Investigation Into Nigerian Conflict December 14, 2020 Ekemini The prosecutor of the International Criminal Court on Friday said she would seek a full investigation into possible war crimes and crimes against humanity allegedly committed during Nigeria’s conflict with…
Business Local Economy Expected To Improve December – CBN Survey December 14, 2020 Ekemini A survey conducted by the Central Bank of Nigeria showed that respondents expected the economy to improve in December after the decline in November. The Statistics Department of the CBN…
Business Local Naira Will Become Powerful Again – Adeboye December 14, 2020 Ekemini The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, says the naira will regain its strength among the league of currencies. He stated this on Saturday…
World Canada Forecasts Show Fast Coronavirus Spread; Officials Urge New Restrictions December 14, 2020 Ekemini Longer-range forecasts project the second wave of the coronavirus spreading rapidly through Canada, and all the major provinces need to impose more restrictions, federal health authorities said on Friday. Although…
World UK Cuts Self-Isolation Period To 10 Days For Domestic Contacts, International Arrivals December 14, 2020 Ekemini Britain said on Friday it would cut the self-isolation period for COVID-19 to 10 days from 14, in a change which will apply to both those presumed to have been…
Business Local Court Declares Stamp Duty Charges On Bank Deposits, Transfers Illegal December 14, 2020 Ekemini A federal high court in Asaba has declared the deduction of stamp duty charges by Nigerian banks as illegal. Nnamdi Dimgba, the judge, made this verdict on Wednesday, in a…
Business Local IMF Urges Nigeria To Reduce Debt Vulnerabilities December 14, 2020 Ekemini The International Monetary Fund has said it is important for Nigeria to ensure significant revenue mobilisation to reduce its debt vulnerabilities. It also said while the country’s economy was expected…
Business Why Africa Borrowed Billions Of Dollars From China December 13, 2020 Ekemini Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics. It’s no secret that some African nations went…
Business Delta Launches Contact Tracing For US Travelers’ December 13, 2020 Ekemini Delta Air Line is partnering with the Centers for Disease Control and Prevention to keep international customers informed of potential COVID-19 exposure through contact tracing. Along with the airline’s nine…
Business British Pound Slips In Brexit Countdown, The Australian Dollar Rallies December 13, 2020 Ekemini Sterling was set to snap five weeks of gains with a slump on Friday, as leaders on both sides of Brexit trade talks sounded doubtful about finding a resolution, while…
Business Local Reps Want Interest-Free Banking In Nigeria December 13, 2020 Ekemini The House of Representatives on Thursday unveiled plans to adopt non-interest banking services in Nigeria as part of efforts to stimulate the nation’s economy. The resolution followed a motion sponsored…
Business Local Oil Price Rally Builds Steam As Coronavirus Vaccine Rollouts Begin December 13, 2020 Ekemini Oil rose around 1% on Friday, extending a sharp rally overnight that saw Brent rise above $50 for the first time since March, as coronavirus vaccination rollouts kept hopes alive…
Local Minister, Shareholders Disagree Over N150b Unclaimed Dividends December 13, 2020 Ekemini The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, yesterday, disagreed with the Independent Shareholders Association of Nigeria over plans by the Federal Government to take over unclaimed…
Business Local Crippling Oil Production Cut December 13, 2020 Ekemini The oil production cut by the Organisation of Petroleum Exporting Countries (OPEC) and its allies OPEC+ to stabilise prices is not only hurting cash flow to the Federal Government, it…
Business Local ‘FG Granted N342bn Waivers To Importers In Two Years’ December 13, 2020 Ekemini The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has disclosed that the federal government granted about N342 billion waivers to importers in the last two years. She…
