Nigeria Weakens FX Rate For Exchange Bureaux To Ease Pressure On Naira
Nigeria’s central bank has weakened the naira by 1.5% to 390 per dollar for exchange bureaux, in an attempt to…
Year: 2020
Trump Says His Election Challenges Probably Won’t Make It To The Supreme Court
President Donald Trump acknowledged his vanishing path to overturning the results of the 2020 election in court on Sunday during…
Stock Futures Fall As Wall Street Is Set To Wrap Up A Historic November
Stock futures dipped in overnight trading on Sunday as the market looks set to finish November with historically strong gains.…
Fauci Says Christmas And New Year’s Restrictions Will Be Necessary Due To Holiday Coronavirus Wave
Dr. Anthony Fauci, the nation’s top infectious disease expert, said on Sunday that the U.S. is heading into a difficult…
Biden Will Likely Require Walking Boot For Several Weeks After Fracturing Foot
President-elect Joe Biden will likely have to wear a walking boot for several weeks after suffering small fractures in his…
Nationwide Blackout In Nigeria As Electricity Grid Collapses
The Transmission Company of Nigeria (TCN) says the nation’s electricity grid on Sunday experienced multiple tripping, leading to the collapse…
Things Are Looking Up For Oil, But Opec Can’t Uncross Its Fingers Just Yet
Despite good vaccine news and price rises, the cartel could still meet a few bumps in the road – some…
Travel Agents In Mideast, Africa Say UAE Is Blocking Visas
DUBAI, United Arab Emirates (AP) — Travel agencies in countries across the Middle East and Africa say the United Arab…
Five Greek Sailors Held Hostage In Nigeria
In good health are five Greek sailors whose ship was attacked by pirates in Nigeria. The pirates took hostage of…
CBN Set To Screen Bank Workers For Competence
Bank workers are about to have their capabilities to work in the industry reviewed. This means that only those with…
China is more concerned by Biden than Trump, economist Jim O’Neill says
LONDON — Joe Biden’s presidency will be a bigger problem for the Chinese government than the nearly four years of…
Congress stalled on stimulus talks and time is running out as millions face a ‘benefits cliff’
Millions of jobless Americans are likely eyeing ongoing negotiations in Congress around a new coronavirus relief package with intense interest.…
Facebook’s Libra Crypto Gets Ready To Launch In January As A Single Coin
Facebook’s libra cryptocurrency is reportedly preparing to launch with a single cryptocurrency, a scaled-down version of its original plan. The…
CBN Devalues Naira, Fixes Dollar Sale At N392
The Central Bank of Nigeria (CBN) has devalued the Naira by N6 to Dollar. This brings the Naira closer to…
Biden’s lead increases in Wisconsin’s largest county after recount demanded by Trump campaign
A recount in Wisconsin’s largest county demanded by Republican President Donald Trump’s election campaign ended Friday with Democratic President-elect Joe…
Buhari To Roll Out Auto-Gas Scheme For Cars In December— Official
President Muhammadu Buhari will on December 1 roll out the auto-gas scheme in Abuja as the Federal Government moves to…
Naira To Now Trade At N392/$
The Central Bank of Nigeria (CBN) has directed bureau de change operators in the country not to sell dollars higher…
Nigeria: Apapa Gridlock To Disappear Q1, 2021 — NSC
The Nigerian Shippers’ Council on Friday said that the Council has set machineries in motion to put an end to…
Border Closure: Manufacturers Losing Market Share Daily
Manufacturers Association of Nigeria says its members are losing market share daily to other African countries due to the closure…
Naira Devalued, Now N390/$1 As Black Market (Wired) Hits N503/$1
Nairametrics can confirm that the exchange rate between the naira and dollar has depreciated to N390/$1. Nairametrics can confirm that…
CBN Devalues Naira By N6 In Move To Unify Exchange Rates
The Central Bank of Nigeria (CBN) on Friday devalued the naira by N6 to dollar. The naira devaluation has brought…
Qatar Airways Touches Down For The First Time In Abuja
Qatar Airways is pleased to announce it will operate three weekly flights from Abuja, Nigeria via Lagos, becoming the sixth…
Nigeria Naira Hits Record Low On Futures Market For Five-Year Settlement
Nigeria’s naira hit a record low of 600 to the dollar on the futures market for five-year settlement on Friday,…
Why Prices Of Food Items Have Increased In Nigeria
Prices of food items have skyrocketed by as much as 30 per cent in many parts of Nigeria in the…
Diaspora Remittances: A Pathway For National Development
A pathway for national development depends on the recognition of how we entice, nurture and manage our second source of…
$35bn External Reserves Sufficient For Seven-Month Imports
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said Nigeria’s external reserves, which currently stand at…
Nigerian Supreme Court Upholds Oil Spill Award Against Shell
Nigeria’s Supreme Court dismissed an application by Royal Dutch Shell Plc’s local unit to review a $467-million award for damages…
Naira Appreciates To N390.25/$ At I&E FX Window
After being marred by heavy losses in the week, the exchange rate of the Naira against the United States Dollar…
Nigeria’s Economy Set To Grow 2% In 2021 – Central Bank Governor
Nigeria’s economy is set to grow by roughly 2% in 2021, its central bank governor said on Friday. Africa’s largest…
REPOST: The Money’s Not Coming Home: $690 Billion Remittance Risk
The amount of money migrant workers send to their home countries usually holds up well in a crisis. Not this…