Security Conditions Worsening For Nigerians – America Reacts To Boko Haram Executions
The United States Government has condemned the executions of aid workers by Boko Haram. The US noted that the situation in Nigeria…
Year: 2020
Number Of Nigerian Doctors In United Kingdom Rises To 7,875
India, Pakistan, Nigeria have highest number of migrant doctors in UK Low pay, poor facilities, insecurity forcing doctors out, says…
We’ve Identified Plans To Generate N18tn Revenue – FG
The Federal Government on Thursday said it had identified oil and non-oil initiatives that could help the country generate between…
Stamp Duty: FIRS Orders Landlords, Agents On 6% Charge Remittance
FIRS Chairman, Muhammad Nami The Federal Inland Revenue Service (FIRS) has called on landlords and property agents to ensure they…
Five Nigerian Aid Workers Delivering Medical Supplies During Pandemic Executed On Camera
Those executed included aid workers from the International Rescue Committee and Action Against Hunger Jihadists allied to Isil have executed…
Pandemic Travel Restrictions Leave Nigerian Mother Stranded In Dubai With Newborn Quadruplets
The quadruplet babies were born July 1 at the Latifah Women and Children’s Hospital in Dubai. (CNN)A Nigerian mother and…
Nigeria’s Debt To Hit N33 Trillion As Govt Plans Fresh N4.28 Trillion Loan
Nigeria’s debt burden will hit N32.91 trillion as the federal government has notified the National Assembly of a fresh plan…
Sterling Steady Above $1.27 On Last Day Of Brexit Talks
Sterling stabilized above $1.27 on Thursday on the last day of the Brexit negotiations, with traders looking out for any…
Oil Eases As High U.S. Oil Stocks Outweigh Weak Dollar
Oil prices edged lower on Thursday as a weaker dollar, which usually boosts oil prices, was outweighed by concerns about…
Weekahead-Africa-FX-Dollar Dearth Weighs Down Kenyan, Nigerian Currencies
The Kenyan shilling and the Nigerian naira are expected to weaken in the week ahead, mainly because coronavirus disruptions have…
Nigeria: Shippers Council, NAICOM To De-Risk Costs At Ports
The Nigeria Shippers Council (NSC), and the National Insurance Commission (NAICOM), plans to collaborate to reduce the cost of doing business…
Nigeria: Loan Forbearance Will Enable Companies Survive Covid-19
Central Bank of Nigeria Governor, Mr. Godwin Emefiele, in this interview after the Monetary Policy Committee meeting spoke about the state…
Nigeria: Fed Govt Okays N10.5b For Ports
The Federal Government yesterday approved projects in two memoranda worth above N10.5 billion for the Nigerian Customs Service (NCS). The…
U.S. Exim Bank Out To Displace China After Record Loan In Africa
Bank finalizes $4.7 billion loan for Mozambique gas project Support could range from power systems to telecommunications The Export-Import Bank…
Nigeria: FEC Approves $18.12m For Purchase Of Cargo Scanners To Ease Ports Operations
The Federal Executive Council (FEC), on Wednesday approved the purchase of scanners for the Port Harcourt and Tin Can Island…
CBN Launches New Schemes For Non-Interest Financial Institutions
The Central Bank of Nigeria(CBN) has introduced intervention schemes to cater for non-interest financial institutions (NIFIs). It said in a…
Bullish Bets On Most Asian Currencies Climb On Vaccine Hopes, China Stability
Investors raised their long bets on the Chinese yuan and most other Asian currencies, a Reuters poll showed, as signs…
Pandemic Hit To Haj Saddens Would-Be Pilgrims
This year’s haj will be a time of sadness for many Muslims around the world prevented from travelling to Saudi…
Demand For Jail Sentence In Shell And Eni Nigeria Oil Trial
Italian prosecutors are calling for lengthy jail terms to be handed down to the boss of Eni and one of…
South Korea Enters Recession As Exports Plunge By Most Since 1963
The South Korean economy plunged into recession in the second quarter in its worst decline in more than two decades…
China Says UK Citizenship Pathway For Hong Kong Residents Violates International Law
A new British policy allowing Hong Kong residents to claim British citizenship is a violation of international law and interferes…
FG’s July Bonds Oversubscribed By N340.13bn
The Federal Government Bonds for the month of July worth N130bn, which were auctioned on Wednesday, were oversubscribed by N340.13bn,…
China’s Latest Starfish-Shaped Airport Set To Boost Tourism In Northeast
Qingdao, a Chinese coastal city famous for being the headquarters of Tsingtao Brewery, is poised for a major tourism boost with…
UK Airports Lost £10,000 Per Minute Between March And June
‘This should serve as a wake-up call to government and lead them to finally grasp the severity of the challenge,’…
IMF Approves Temporary Increase In Annual Access Limits To Financial Support
The Executive Board of the International Monetary Fund (IMF) on Wednesday approved a temporary increase in the annual limits on…
CBN – Economy Recorded U.S.$42.7 Billion Forex Inflow In First Quarter
The aggregate foreign exchange (forex) inflow into the Nigerian economy in the first quarter (Q1) 2020 was $42.71 billion, the…
Africa Starts To Have Second Thoughts About That Chinese Money
Dipak Patel can still recall the dizzying grandeur of his 2003 visit to Beijing’s cavernous Great Hall of the People:…
Sterling Edges Lower On No-Deal Brexit Reports, Gloomy Economic Prospects
The British pound fell on Wednesday on rising concern that the Brexit transition period will end without a deal between…
Currency Markets Resume Risk-On Rally, Shrugging Off U.S.-China Consulate Spat
Currency traders regained their risk appetite on Wednesday, shrugging off U.S.-China tensions and resuming the risk-on moves that have dominated…
Naira Weakens Despite Dollar Selloff
As the worldwide race for a coronavirus vaccine gathers pace and fiscal stimulus uplifts global sentiment, investors seem to be…