NIN: Telecom Operators Get NIMC Enrolment Licences
Mobile network operators (MNOs) on Wednesday said they have enrollment and verification licences from the Federal Government. The development followed…
Year: 2020
NSE Market Capitalisation Hits N20 Trillion On Sustained Rally
The market capitalisation of the Nigerian Stock Nigerian (NSE), which is the total value of all listed equities, hit a…
Pound Rally Seen Capped To 2018 Level On A Brexit Trade Deal
Currency strategists are delivering a reality check on how far the pound rally can go if the U.K. and European…
Biggest Nigerian Pension Fund Manager Has Plan To Help The Naira
Faced with bond yields coming off record lows and a hard-to-trade equity market, Nigeria’s biggest pension-fund manager wants the flexibility…
Govt – Border Reopening: Poultry, Rice Importation Remain Banned
Osogbo — The Minister of Interior, Mr. Rauf Aregbesola, has said that despite the reopening of borders, the importation of…
African Free Trade Agreement To Boost Agriculture
The African Continental Free Trade Area (AfCFTA), due to launch in January 2021, is likely to be a watershed for…
Large Crowd Gathers At NIMC Office In Lagos For NIN Registration Amid COVID-19 Second Wave
The Nigerian government had last week issued an ultimatum to all telecommunications operators in the country to block all Subscriber…
Nigeria Is Facing Worst Security Challenge In History – Gombe Gov
Gombe State Governor, Muhammadu Inuwa Yahaya, has declared that Nigeria is facing the worst security challenge in its history. The…
Nigeria’s Parliament Passes $35.66 Bln Budget For 2021
Nigeria’s parliament approved on Monday the government’s 2021 budget of 13.6 trillion naira ($35.66 billion), assuming 3% annual economic growth,…
Sterling Slumps On Tighter UK Virus Curbs, Brexit Impasse
Sterling slumped against the dollar and euro on Monday after the British government announced new restrictions to curb a fast-spreading…
NDIC Verifies Depositors In 42 Liquidated MFBs For Payment
The Nigeria Deposit Insurance Corporation (NDIC) is in the process of closing 42 Microfinance Banks (MFBs) which operating licenses were…
Foreign Investments In Nigerian Shares Rise By 80.6%
FOREIGN portfolio investments in the Nigerian stock market rose by 80.6 per cent to its highest level in 11 months…
New Coronavirus Strain Hits Pound, Euro As Investors Seek Dollars
The British pound and the euro fell on Monday as investors sought refuge in the dollar, after a fast-spreading new…
FX Market Ends Week With Naira Weakening By 0.42%
The foreign exchange market closed the week with Naira weakening by 0.42 percent after exchanging with the dollar at N477…
Zero Oil Plan Designed To Boost Foreign Exchange Earning
Director General of the Nigeria Export Promotion Council (NEPC), Segun Awolowo has explained that the zero -oil plan initiative developed…
Dangote Cement To Commence Tranche 1 Share Buyback Programme By December 30th 2020
Dangote Cement Plc (“Dangote Cement” or “DCP” or the “Company”) hereby announces the commencement of its share buy-back programme (the…
Cameroon Says Boko Haram Infiltrates Top Business And Political Leaders
A Cameroonian official said Friday he had found evidence that, as widely suspected, Boko Haram militants have been establishing close…
Oil Prices Skid As New Coronavirus Strain Fuels Demand Worries
Oil prices dropped more than 3% on Monday, as a fast-spreading new coronavirus strain that has shut down much of…
Taming Nigeria’s Rising Inflation
The recent report by the National Bureau of Statistics (NBS) showed that the consumer price index (CPI) which measures inflation…
No Need To Panic Over New UK Coronavirus Strain, Says India’s Health Minister
India’s health authorities remain vigilant and prepared to deal with a new more transmissible strain of the coronavirus identified in…
External Reserves Shed $567m In 2wks
The nation’s external reserves fell by $567 million in the first two weeks of this month. According to the latest…
COVID-19: Denmark Joins Growing List Of Countries To Ban Travel From UK Over Mutated Strain Fears
Countries around the world have imposed restrictions on travel from the UK due to fears of a new strain of…
42 Microfinance Banks Lose Licences
The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The affected banks have…
Canada Restricts Travel From U.K. Due To New Strain Of Virus That Causes COVID-19
OTTAWA — The Trudeau government is restricting travel from the U.K. in an effort to prevent a new strain of…
‘Mobile Money Providers Will End Poor Practices In Financial Sector’
For 2021, we are certain that the worst case of coronavirus is over and believe that we will not have…
Iraq Devalues Its Currency As Economy Unravels
Iraq devalued its currency by about 20% against the dollar as the cash-strapped government faces an economic crisis brought about…
Nigeria’s Forex Reserves Drops By $132.06 Million
NIGERIA’s foreign exchange (forex) reserves dropped by $132.06 million at the weekend as the apex bank continued to use the…
Dollar Climbs, Sterling Sinks As Coronavirus Lockdowns Stoke Haven Demand
The dollar climbed against major peers on Monday with investors seeking its relative safety as many countries tightened COVID-19 lockdowns.…
Tesla’s Elon Musk Asks About Converting ‘Large Transactions’ To Bitcoin
Elon Musk on Sunday asked about the possibility of converting “large transactions” of Tesla Inc’s balance sheet into bitcoin, according…
Offshore Investments By Oil Majors Plunge
OFFSHORE rig values have declined almost 42 per cent in the last 12 months, equating to a loss of around…