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…
Month: December 2020
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…
UK Cuts Self-Isolation Period To 10 Days For Domestic Contacts, International Arrivals
Britain said on Friday it would cut the self-isolation period for COVID-19 to 10 days from 14, in a change…
Court Declares Stamp Duty Charges On Bank Deposits, Transfers Illegal
A federal high court in Asaba has declared the deduction of stamp duty charges by Nigerian banks as illegal. Nnamdi…
IMF Urges Nigeria To Reduce Debt Vulnerabilities
The International Monetary Fund has said it is important for Nigeria to ensure significant revenue mobilisation to reduce its debt…
Why Africa Borrowed Billions Of Dollars From China
Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance,…
Delta Launches Contact Tracing For US Travelers’
Delta Air Line is partnering with the Centers for Disease Control and Prevention to keep international customers informed of potential…
British Pound Slips In Brexit Countdown, The Australian Dollar Rallies
Sterling was set to snap five weeks of gains with a slump on Friday, as leaders on both sides of…
Reps Want Interest-Free Banking In Nigeria
The House of Representatives on Thursday unveiled plans to adopt non-interest banking services in Nigeria as part of efforts to…
Oil Price Rally Builds Steam As Coronavirus Vaccine Rollouts Begin
Oil rose around 1% on Friday, extending a sharp rally overnight that saw Brent rise above $50 for the first…
Minister, Shareholders Disagree Over N150b Unclaimed Dividends
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, yesterday, disagreed with the Independent Shareholders Association of Nigeria…
Crippling Oil Production Cut
The oil production cut by the Organisation of Petroleum Exporting Countries (OPEC) and its allies OPEC+ to stabilise prices is…
‘FG Granted N342bn Waivers To Importers In Two Years’
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has disclosed that the federal government granted about N342…