Business Local Dollar Slips As Vaccine Optimism Saps Haven Demand; Sterling On Edge December 9, 2020 Ekemini nd the risk positivity to continue into next year,” said Craig Chan, head of global FX strategy at Nomura, on an outlook call with journalists. He forecasts the euro to…
Business Citi Selected As Financial Advisor to Gavi, The Vaccine Alliance’s COVAX Facility December 9, 2020 Ekemini New York – Citi today announced the firm has been selected by Gavi, the Vaccine Alliance, to be the financial advisor for the COVAX Facility, its global procurement mechanism for…
Business Local Ships Risk Detention Over Cybersecurity December 9, 2020 Ekemini Ships that fail to comply with cybersecurity code of the International Maritime Organisation (IMO) may face detention from January 1, 2021. This comes as the IMO identified the management of…
Business Local Unemployment In Nigeria – What Can Be Done? December 9, 2020 Ekemini Perhaps the most deep-rooted millennial problem facing Nigeria is the issue of unemployment. The expectation of the average graduate is to secure a well-paying job upon the conclusion of his…
Business An MBA In Corruption’: How Top Oil Trader Paid Bribes For Years December 9, 2020 Ekemini For years, the world’s largest oil trading firm has maintained that it has “zero tolerance” for corruption. Now Vitol Inc. has admitted that it was paying bribes through a network…
Business Local Nigerian Crude Oil Export Earnings Rebound By 116% In November – OPEC December 9, 2020 Ekemini OPEC Sec Gen says Nigerian government should be commended for its proactive measures that facilitated the rebounding of the its crude oil export earnings. The Organisation of Petroleum Exporting Countries…
Business Local Nigeria Plans To Reopen Land Borders As Soon As Possible, Says Buhari December 9, 2020 Ekemini The Nigerian government plans to reopen its land borders, President Muhammadu Buhari has said. He explained that the closure of the nation’s land borders was part of the efforts by…
Local Senate Considers Bill To Blacklist Loan Defaulters December 8, 2020 Ekemini The Senate on Tuesday, passed for second reading, a bill to allow banks recover loans from defaulters, place them on watchlist and eventually blacklist them without recourse to the borrowers.…
Business Trade Deficit Expands To A New 4-Year High In Q3 2020 December 8, 2020 Ekemini In line with our expectations, trade flows remained downbeat as 9M’20 trade flows plummeted by 10.9% to N23.2 trillion. Although trade flows were lower by 8.9% y/y in Q3’20, the…
Business Local Oil Contributes 81% To N2.99tn Q3 Exports December 8, 2020 Ekemini Despite efforts made at boosting non-oil earnings, crude contributed N2.42 trillion to the country’s 2.99 trillion Q3 2020 export earnings, data released by the National Bureau of Statistics (NBS) yesterday…
Business Technology China Makes Digital Yuan Transfers As Easy As Using A Phone December 8, 2020 Ekemini BEIJING — China will expand trials of its digital yuan Friday evening with a feature letting individuals send money to each other by just touching their smartphones together, broadening use…
Business Local Port Congestion Drops By 20% – Shippers Council December 8, 2020 Ekemini Lagos — The congestion at various terminals at the Apapa and Tin-Can Island Ports has dropped to 20 per cent from the initial 40 per cent, said the Executive Secretary…
Local Buhari Threatens To ‘Deal Decisively With Violent Protesters’ December 8, 2020 Ekemini He said this as protests resurfaced in Oshogbo, Osun State Monday. President Muhammadu Buhari Monday in Abuja warned that “any act of hooliganism hiding behind lawful and peaceful protests will…
Business Pound On The Defensive As Brexit Deal Talks Go Down To The Wire December 8, 2020 Ekemini Britain’s pound was the biggest mover in otherwise quiet trade among the G10 group of currencies on Tuesday, falling broadly as caution grew among investors awaiting the outcome of Brexit…
Business Dollar Weakens As Market Looks To U.S. Stimulus; Sterling Falls December 8, 2020 Ekemini The dollar slid against most currencies on Monday in choppy trading, as investors looked past the surge in coronavirus cases and ahead to a possible new COVID-19 U.S. stimulus deal…
Business Local Emefiele, Others Support New Payment Settlement Initiative December 8, 2020 Ekemini The interim Governing Council of the Pan-African Payment and Settlement System (PAPSS) held its inaugural meeting in Cairo, recently, a historic step towards the operationalisation of the payment system. Speaking…
Business World Three Arrested In Multimillion Invoice-Redirect Fraud Investigation December 8, 2020 Ekemini Gardaí investigating a major crime network based in Ireland, and abroad, that has scammed millions of euro from victims of invoice-redirect fraud have arrested three men in Dublin. Members of…
Business Local Nigerian Airlines Attribute High Fares To Exchange Rate December 8, 2020 Ekemini Some of the Nigerian airlines say they won’t be able to fund their operations if they don’t increase the fare. Some local Nigerian airlines in the country at the Nnamdi…
Business Local Nigeria’s Oil Industry To Get Lift From SHI Offshore Technology Investment December 8, 2020 Ekemini Despite the slump in crude oil prices, which may push the oil majors and minors to defer projects, the global shipbuilding giant, Samsung Heavy Industries (SHI) has continued to improve…
Business Local Recession – Nigeria In Need Of Expansionary Economic Policy December 8, 2020 Ekemini Recession is a function of a country’s Gross Domestic Product (GDP); which is defined as the cumulative value of all finished goods produced and services rendered in a country within…
Business Local Petrol Price May Hit N180 As Oil Nears $50 December 8, 2020 Ekemini The pump price of Premium Motor Spirit, popularly known as petrol, may hit N180 per litre this month, according to marketers, as oil prices extended their rally on Monday, with…
Business Local Nigeria: Non-Performing Loans Have Dropped Due To GSI December 8, 2020 Ekemini The Acting Managing Director of FirstCentral Credit Bureau and Chairman of Credit Bureaus Association of Nigeria, Mr. Oladimeji Peters, in this interview, speaks about the Global Standing Instruction guidelines introduced…
Business Local FG To Reduce Petrol Price By N5 From Monday December 8, 2020 Ekemini The Federal Government has agreed to slash the pump price of Premium Motor Spirit (PMS), known as petrol, by N5 from Monday next week. Sen. Chris Ngige, Minister of Labour…
Business Mastercard Sees Vaccine News Speeding Up Return To Office December 8, 2020 Ekemini Mastercard Inc.’s incoming chief executive officer said promising data on coronavirus vaccines could mean the firm is able to bring workers back to the office faster than it originally hoped.…
Business Local Oil Drops Toward $45 With Virus Surge Tempering Vaccine Optimism December 8, 2020 Ekemini Oil fell for a second day as near-term demand risks due to a resurgent pandemic tempered optimism over the prospect of vaccine rollouts. Futures dropped toward $45 a barrel in…
Business Dollar Gains Ground On U.S. Stimulus Hopes December 8, 2020 Ekemini The dollar edged a little higher on Tuesday morning in Asia, keeping the momentum from overnight. The surge in COVID-19 cases in the U.S. boosted hopes for more fiscal support,…
Business Brexit: Pound Recovers Ground As Johnson Sets Talks In Brussels December 8, 2020 Ekemini The pound has fallen against the euro and the dollar, as traders reacted to the growing prospect of a no-deal Brexit. But news that Prime Minister Boris Johnson will travel…
Business Why Pound Traders Are Optimistic About Brexit December 8, 2020 Ekemini Hope springs eternal. U.K. Prime Minister Boris Johnson is packing his bags for Brussels to meet with European Union leaders as the fraught Brexit trade deal talks shift from technical…
World Factbox-Britain Begins Rollout Of Pfizer’s COVID-19 Vaccine December 8, 2020 Ekemini Britain will start rolling out the COVID-19 vaccine developed by Pfizer and BioNTech on Tuesday, the first Western country to begin vaccinating its population against infection from the new coronavirus.…
World US Adds Nigeria To Religious Freedom Blacklist December 8, 2020 Ekemini The United States on Monday placed Nigeria for the first time on a religious freedom blacklist, paving the way for potential sanctions if it does not improve its record. Secretary…
