Business Local DPR Cautions Against Panic Buying, Hoarding Of Petrol During Festivities December 11, 2020 Ekemini The products are available, and the government has made sufficient provision to cover this festive period till 2021. As Nigerians approach the festive period, the Department of Petroleum Resources has…
Business UK Holidaymakers Barred From EU After 1 January Under Covid Rules December 11, 2020 Ekemini European commission indicates Britons will face ban on nonessential travel at end of Brexit transition British holidaymakers will be barred from the European Union from 1 January under current Covid-19…
Business Local Naira Devaluation As False Economics December 11, 2020 Ekemini After decades long of word counts and verbal exchanges on Naira devaluation and “oil subsidy removal”, yours sincerely is truly contestation weary on the twin policy issues. I am indeed…
Business Local FG Crashes Data Price By 50 Percent December 11, 2020 Ekemini The Federal government said on Thursday that the price of data has been reduced by more than 50 percent following a directive that the Nigerian Communications commission, NCC, should put…
Business British Pound Falls About 0.5% After Johnson-Von Der Leyen Meeting December 11, 2020 Ekemini he British pound fell 0.5% in early Asian trade on Thursday after British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen agreed they have until Sunday…
Local My Account Frozen Over N30,000 Protest Donation –#EndSARS Campaigner December 10, 2020 Ekemini An #EndSARS campaigner, Saadat Bibi, has said her account with Access Bank was frozen on the instruction of the Central Bank of Nigeria because of the donation of N30,000 she…
Business Local Naira Bounces Back At Black Market With N5 Gain December 10, 2020 Ekemini Against all odds, the Naira came back stronger against the US Dollar at the parallel market on Wednesday, December 9, gaining N5 at the session to trade at N478/$1 compared…
World UK Warns People With Serious Allergies To Avoid Pfizer Vaccine After Two Adverse Reactions December 9, 2020 Ekemini Britain’s medicine regulator has advised that people with a history of significant allergies do not get Pfizer-BioNTech’s COVID-19 vaccine after two people reported adverse reactions on the first day of…
Business Local INFLATION: Agusto & Co Warns Nigerians Against Liabilities In Hard Currencies December 9, 2020 Ekemini Due to the weakening of the Naira value against the world’s major currencies, Nigerians should not build up liabilities in hard currencies as the tendency is that more Naira will…
Business Local Shell Former Upstream Chief: Nigeria Oilfield Deal Was ‘Lawful And Correct’ December 9, 2020 Ekemini Shell’s former international upstream head Malcolm Brinded had no reason to think that the awarding of the OPL-245 oilfield license in Nigeria was illegal, his lawyer said on Wednesday. In…
World Poor Countries Set To Miss Out On Covid Vaccines As Wealthier Nations Hoard Doses, Campaigners Warn December 9, 2020 Ekemini LONDON — A coalition of campaigning bodies has warned people in lower-income countries are likely to miss out on a safe and effective coronavirus vaccine for years to come, accusing…
Local Special Report-How Oil Majors Shift Billions In Profits To Island Tax Havens December 9, 2020 Ekemini Bermuda and the Bahamas aren’t exactly big players in the oil-and-gas world. They don’t produce any of the fuels at all. Yet the islands are deep wells of profit for…
Local US Visa Applicants Should Answer Officers’ Questions Honestly – Consular Coordinator December 9, 2020 Ekemini Susan Tuller is the country consular coordinator for the US Mission in Nigeria. Prior to Lagos, she had served as the deputy consular chief in Chennai, India. She has also…
Local Weak Naira Threatens Nigerians’ Ability To Afford International Degree December 9, 2020 Ekemini As dollar shortage in Nigeria persists amid falling oil prices due to the global demand drop in the wake of the coronavirus pandemic, the central bank weakened the naira on…
Local 38,051 Foreigners Applied For Nigeria Citizenship In 2 Years – FG December 9, 2020 Ekemini THE Federal Government on Wednesday disclosed that it received a total of 38,051 Citizenship applications from September 2018 to October 2020. Permanent Secretary, Ministry of Interior, Dr Shuaib Belgore, made…
Business Local Rising Exchange Rate Poses More Difficulty For Importers, Says Expert December 9, 2020 Ekemini Continuous rising of foreign exchange may pose more difficulty for importers in the coming year, the National President, Association of Nigeria Licensed Customs Agents (ANLCA) Iju Tony Nwabunike has said.…
Business Dollar Nears 2 1/2-Year Lows As Vaccine Optimism Grows December 9, 2020 Ekemini The U.S. dollar fell towards a two-and-a-half-year low on Wednesday as progress in combating the COVID-19 pandemic boosted risk appetite and prospects of more U.S. fiscal stimulus weakened the U.S.…
Business World U.S Enforces 6 Month Passport Validity Rule For Christmas Travels December 9, 2020 Ekemini The United States Embassy in Nigeria has advised both U.S citizens and dual nationals to ensure that their international passport has at least six months validity period before they travel…
Business Airline Operators Explain Hike In Airfares December 9, 2020 Ekemini The almost 70 per cent rise in domestic airfares have attributed it to the weakening exchange rate, paucity of operating equipment, high cost of aircraft maintenance and increase in the…
Business Sterling Hits Intraweek High As Johnson Heads To Last-Ditch Brexit Meeting In Brussels December 9, 2020 Ekemini Sterling rose against a broadly weaker dollar on Wednesday after three days of losses as British Prime Minister Boris Johnson headed to Brussels for dinner with the president of the…
Business Local OPEC: Nigeria’s Crude Oil Export Earnings Rebounded By 116% In November 2020 December 9, 2020 Ekemini The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil export earnings recorded a rebound of 116 percent in November 2020 when compared to those recorded in April. Mohammad…
Business Local Nigeria’s Foreign Trade With US Slumps As Exports Drop December 9, 2020 Ekemini Nigeria’s foreign trade with the United States has averaged N2 trillion in the last 3 years but is on track to fall to its lowest since 2015 as Covid-19 lockdowns…
Africa Nigeria To Spearhead Africa Refinery Capacity Additions December 9, 2020 Ekemini Nigeria is expected to drive the refinery capacity growth in Africa by 2024, contributing around 71% of the region’s total growth. Nigeria is likely to add 1.5 million barrels per…
Banking Business Local ‘Polaris Bank Paying Dollars To Money Transfer’s Beneficiaries’ December 9, 2020 Ekemini POLARIS Bank has started the payment of dollars to beneficiaries of money transfer across all its branches. The bank, in a statement to its customers, stated that beneficiaries of money…
Business Local Fed Govt Scores Port Operator Low On Automation December 9, 2020 Ekemini The Nigerian Shippers Council (NSC) on Tuesday scored the Port & Cargo Handling Services (P&CHS) Limited very low on automation and port processes, lamenting that it takes a cargo about…
Business Local New N162 Petrol Pump Price Triggers Confusion, Queries December 9, 2020 Ekemini At a time Nigerians are yet to come to terms with the last increase in pump price of Premium Motor Spirit (PMS), stakeholders in the petroleum industry are divided over…
Business Local Hope Rises For Cocoa Farmers As NEXIM Pledges Support For Value Chain Development December 9, 2020 Ekemini The Nigerian Export-Import Bank (NEXIM) has pledged to assist players in the African cocoa value chain so as to boost processing and improve the export value of the commodity. The…
Business China Set To Bail Out Iraq With Multibillion-Dollar Oil Deal December 9, 2020 Ekemini Iraq is poised to sign a multibillion-dollar contract with China ZhenHua Oil Co., a bailout from Beijing for the cash-strapped government which will receive money upfront in exchange for long-term…
Business Local Nigerian Arrested At Jomo Kenyatta Airport Carrying Sh100m In Bag December 9, 2020 Ekemini The Assets Recovery Agency (ARA) is seeking court orders to freeze over Sh100 million seized from a Nigerian at the Jomo Kenyatta International Airport while heading to Dubai. Mauzu Bala…
Business Local Naira Devaluation Risky For Foreign Currency Loans, Says Report December 9, 2020 Ekemini The devaluation of the naira against global currencies will impact negatively on foreign currency loans and weaken capital base for the lenders, banking sector report has shown. The Afrinvest Banking…
