Nigeria: Senate Summons Ahmed, Emefiele, Others Over Expatriate Tax Evasion
The Senate on Wednesday summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed, and the Governor of the…
Year: 2020
Dollar Falls To One-Week Lows On Data Hopes
The U.S. dollar slipped to a one-week low against its rivals on Thursday as upbeat U.S. and European economic data…
EU Opens Borders To 15 Countries, Excludes Nigeria, Others
The Council of the European Union has opened its borders to 15 countries, excluding Nigeria. According to information gathered from…
Air Cargo Demand Surges Amid Global Capacity Crunch
As world airlines gradually return to operations after the coronavirus-induced lockdown, demand in air cargo is also beginning to improve…
INSIGHT: Tax Revenue Mobilization In Nigeria
Adeniyi Adeyemi and Adedapo Adeduro of KPMG Nigeria consider the low level of tax compliance in Nigeria and make…
Sterling Steadies As Survey Shows Nascent Manufacturing Recovery
Sterling hovered around $1.24 on Wednesday after manufacturing survey data pointed to a small increase in output after the historic…
Nigeria: NASD Plc OTC To Enhance Capital Raising Capabilities
The Managing Director/CEO of NASD Plc, Mr. Bola Ajomale, has said the company, which is providing over-the-counter (OTC) market for…
Nigeria: Aviation Workers Vow To Resist Airport Concession
Fault N1.7b consultation fee award Aviation workers yesterday rejected the planned concession of the big four airports in Lagos, Abuja, Port…
London’s Canary Wharf Pioneers Seamless Wi-Fi Roaming
Residents and workers in London’s Canary Wharf will be able to experience superfast Wi-Fi broadband across the site without the…
Naira Declines Against US Dollar, Remains Pressure Across FX Segments
Naira declined against the United States dollar on the Investors and Exporters’ forex window on Tuesday. The local currency depreciated…
Oil Prices Just Had Their Best Quarter In 30 Years — What’s Next?
Brent crude futures skyrocketed more than 80% in the second quarter. It was the international benchmark’s best quarterly performance…
Euro Is Riding A Wave Of Confidence On Europe Pandemic Response
The euro’s best rally in more than two years looks set to extend, with a host of market metrics reflecting…
Nigeria’s Economic Advisory Council Cautions Against Multiple Exchange Rate
The Presidential Economic Advisory Council, PEAC, yesterday, advised the Federal Government to move away from multiple exchange rates to a…
Nigeria, Other African Oil Exporters’ll Lose $34bn – IMF
The impact of the COVID-19 pandemic is estimated to cost Nigeria and other oil exporters in Africa a total of…
Dollar Steadies, Yen Gains; European Economic Data In Focus
Currency traders were broadly cautious in early London trading on Wednesday, with the Japanese yen seeing its first session of…
Actis-Backed African Education Group Acquires Nigerian University
A pan-African education group backed by global investment firm Actis has acquired its first university in Nigeria as it seeks…
Nigeria: Chinese Bank, Sinosure To Fund $2.6bn Ajaokuta-Kano Pipeline
The Bank of China and Sinosure, a Chinese export and credit insurance corporation, are to fund the $2.6bn Ajaokuta-Kaduna-Kano gas…
The Toxic Legacy Of 60 Years Of Abundant Oil
It’s one of the most polluted spots on Earth, and prospects of a turnaround only get worse as Covid-19 guts…
Buhari Tasks Economic Council To Do More To Develop Nigeria
The Presidential Economic Advisory Council (PEAC) was on Tuesday directed to develop more strategies that will put the country on…
Nigeria’s Airports To Reopen When Safe – NCAA
The approval by the Federal Government for the resumption of domestic flights will only be given when it is safe…
Central Bank Of Nigeria: Leveraging I&E Window For Exchange Rate Stability
Having successfully used the Investors and Exporters’ (I&E) foreign exchange window to stop the naira from crashing to a record…
Facebook Frustrates Advertisers As Boycott Over Hate Speech Kicks Off
Advertisements for more than 400 brands including Coca-Cola and Starbucks are due to vanish from Facebook on Wednesday, after the…
Tesla Stock Ends At record, As Company’s Valuation Tops $200 Billion
Tesla Inc. TSLA, +6.98% shares ended at a record $1,079.81 on Tuesday, sending the Silicon Valley car maker’s market cap…
Here Are The Major Brands That Have Pulled Ads From Facebook
Since an advertising boycott of Facebook Inc. was organized in mid-June, a veritable Who’s Who of major brands have either…
Nigerian Fintech Startups May Soon Need Regulatory Approval To Launch New Products
The Central Bank of Nigeria (CBN) has released a new framework for regulatory sandbox operations in Nigeria which seeks to…
Don’t Introduce New Tax Reforms, IMF Urges Nigeria
The International Monetary Fund (IMF) yesterday advised Nigeria against implementing new tax measures at this time in order not to…
Nigeria, Others Face $44bn Financing Gaps Despite Hefty Loans
Still struggling to deal with the impact of COVID-19 on their economies, the International Monetary Fund (IMF) has said Nigeria…
Nigeria’s Corporate Affairs Commission To Issue Incorporation Certificates With Tax Numbers
Certificates of incorporation of companies registered under Part A of the Companies and Allied Matters Act will now be…
Shops Of Nigerians In Ghana Will Remain Shut Until They Obey Rules—Ghana Trade Union
e Ghana Union of Traders Association (GUTA) has reacted to claims made by some Nigerian traders who protested at the…
Biden To Donors: I’ll Remove Bulk Of Trump Tax Cuts
Presumptive Democratic nominee Joe Biden told potential donors to his campaign that his administration would end most of President Donald…