The End Of The Arab World’s Oil Age Is Nigh
Their budgets don’t add up anymore. Algeria needs the price of Brent crude, an international benchmark for oil, to rise to…
Year: 2020
Nigeria:Third Mainland Bridge Alternative Routes Ready, Says LASG
The Lagos State Government has announced that rehabilitation of alternative routes to be used during the closure of the Third…
Portugal Fines Airlines And Passengers Arriving Without Negative COVID-19 Test Results
Portugal’s government is fining anyone arriving in the country from the United States, non- European Union/non-Schengen zone countries who don’t…
Multi-Nationals Finally Recognise Value Of Local Currency Funding
Multi-National organisations, which have long relied on the US-dollar or euro-based funding when doing business in Africa, are increasingly adding…
Stolen Kuwaiti Money in Beverly Hills ‘Mountain,’ U.S. Says
U.S. prosecutors said money misappropriated from the Kuwaiti Ministry of Defense was used to invest in a Beverly Hills, California,…
Cautious Optimism On Crucial EU Summit Lifts Euro
The euro was heading for four-month highs on hopes a European Union summit will make progress on a recovery fund…
Zimbabwe Accuses ECONET Wireless Of Money Laundering
Zimbabwean police have accused the country’s largest telecom operator ECONET Wireless of money laundering. They have thus issued a warrant…
EXPLAINER: How The Policy On Settling Loan Defaults With Funds In Other Banks Will Work
The Central Bank of Nigeria (CBN), on Monday, released a policy that would allow banks to settle loan defaults with…
Global Air Passenger Slump To Last Until 2023
Global airline passenger demand won’t recover to pre-coronavirus pandemic levels until the end of 2023, and only then if effective…
Foreign Reserves Drop To $36.12bn
The country’s foreign reserves fell by $454.05m from $36.57bn on June 1 to $36.12bn on July 15, the latest figures…
FG Arranges 3 More Evacuation Flights From U.S.
The Federal Government has arranged three more flights to evacuate Nigerians stranded in the United States due to the coronavirus…
Tyrese Haspil charged with murdering tech CEO Fahim Saleh
The executive assistant to tech CEO and investor Fahim Saleh was charged Friday with second-degree murder in his boss’s grisly slaying and dismemberment,…
NDIC Seeks To Hold Directors Accountable For Bank Failures
The Nigeria Deposit Insurance Corporation has sought a legal backing from the National Assembly to enable it to hold directors…
Nigeria Inflation Rises In June, Food And Healthcare Cost Weigh
Annual inflation in Nigeria rose for a 10th straight month in June, lifted by food and healthcare costs, the statistics…
Experts Seek Lending Rate Reduction, MPC Meets Monday
Financial experts have said there is a need for the Monetary Policy Committee of the Central Bank of Nigeria to…
Non-Oil Exporters Want Govt To Fix Domestic Market
Stakeholders in the non-oil export business have asked the government to focus on addressing challenges in the domestic market so…
How Indigenous Carrier Rescued Stranded Nigerians
With high cost of airfares charged by foreign airlines, many Nigerians who had depleted their resources due to Coronavirus lockdown…
Coronavirus Lays Bare S.African’s Toxic Relationship With Alcohol
In few other countries in the world have COVID-19 and alcohol consumption become so dangerously intertwined. With 324,221 cases, South…
Nigeria’s “Bond Lady” Tackles Public Debt With Strategy
As director-general of the Debt Management Office (DMO) of the Nigerian Ministry of Finance, Patience Oniha oversees the country’s public…
Oil Exposure Raises Questions For West Africa’s Big Banks In Age Of Coronavirus
West Africa’s major banks could suffer a spike in loan defaults as lower oil prices and the acute economic impact…
UK Begins Issuance Of Flexible Visa To Doctors, Others
The United Kingdom has announced a special type of visa for foreign healthcare professionals to work in Britain. The Health…
Over 370 Nigerians Asked To Leave U.S. ‘For Breaking Laws’
More than 370 Nigerians were ordered to leave the United States this year, after being found guilty of breaking immigration…
The Billion Dollar Broker Who Managed A Nation’s Oil Wealth
The wire transfer was just one of millions that ricochet through the global financial system every day. Starting at the…
Nigeria: Aliko Dangote’s $2 Billion Fertilizer Plant Set For February Start
Dangote Group’s fertilizer plant, now under construction in Nigeria’s biggest city of Lagos, will be ready to start production next…
Gokada App Founder Died Of Multiple Stab Wounds
The technology entrepreneur found slain and dismembered in his luxury Manhattan condominium earlier this week died of multiple stab wounds…
Illegal Oil Dealings: 3 Nigerians Sent To Prison
Justice Chuka Austine Obiozor of Federal High Court, Ikoyi, on Thursday, convicted and sentenced Ometoruwa David, Morford Meteku and John…
Oil Is A Wasting Asset, Why Are We So Addicted To It?
The oil industry is the benchmark by which the Nigerian economy rises or falls. But the cliché of this predicament…
Pound Set For Biggest Weekly Fall In A Month, Economic Gloom Weighs
The pound eased slightly in early London trade on Friday, set for its biggest weekly fall versus the dollar in…
UK Won’t Pay You Hazard Allowance, FG Tells Doctors Planning To Migrate
The Minister of Health, Dr. Osagie Ehanire, has told Nigerian doctors planning to emigrate to the United Kingdom to take…
Nigerian State Revenue Too Low To Power Economy
Nigeria’s government must improve tax collection because revenue is lower than the minimum amount required for the state to play…