Biden Faces A Race Against The Clock For U.S. To Rejoin Iran Nuclear Deal
ble opportunity arises we will act on our responsibilities. No one should miss any opportunity.” The Iranian government’s statements over…
Year: 2020
Bitcoin Could Hit $500,000, The Founder And CEO Of Ark Invest Says
The price of Bitcoin has been on a tear, rising nearly 160% this year and about 25% month to date.…
Nigeria: Tax Reduction Designed To Make Nigerian Economy Attractive —Osinbajo
Vice- President Yemi Osinbajo has said the decision of the Federal Government to slash taxes was aimed at making the…
Nigeria’s Real GDP Contracts By -3.62% In Q3 2020, Technically Enters A Recession
Overview of GDP in Quarter Three 2020 Nigeria’s gross domestic product (GDP) recorded a growth rate of -3.62% (year-on-year) in…
Gold Firms As Mnuchin Rekindles U.S. Stimulus Hopes
Gold edged higher on Friday after U.S. Treasury Secretary Steven Mnuchin signalled that negotiations on stimulus measures will continue, boosting…
Biggest African Economy Falls Into Recession As Oil Output Drops
Africa’s largest economy has slumped into a recession in the third quarter as oil production dropped to a four-year low.…
Buhari Begins Search For New EFCC Chairman, Looks Outside Police
Feelers from the Presidency last night revealed that the search for a new Chairman for the Economic and Financial Crimes…
AFTERMATH OF FUEL PRICE HIKE: Nigerians Groan As Prices Of Foodstuff, Goods, Services Skyrocket
As Nigerians continue to adjust to the “new normal” occasioned by the Coronavirus (COVID- 19) pandemic, prices of food items,…
Why Abuja-Kaduna-Zaria-Kano Road Hasn’t Been Completed – Fashola
The Nigerian government reiterates commitment to completing Abuja-Kaduna-Zaria-Kano Dual Carriageway. The Minister of Works and Housing, Babatunde Fashola, has reiterated…
Nigeria Slips Into Recession, Weighed Down By COVID-19 And Oil Prices
Nigeria has slipped into a recession after its gross domestic product contracted for the second consecutive quarter, according to data…
Naira Burnout Continues, Now N484/$1 At Black Market
At the previous session, the Nigerian currency was exchanged against the American currency at the parallel market at N480/$1. An…
Nigeria Plunges Into Second Recession In Five Years
Nigeria, Africa’s biggest economy, has entered its second recession in five years as official figures published on Saturday show that…
From Building Schools To Wells: Ordinary Turks Lend A Hand In Africa
Turkey’s growing influence in Africa is not only aided by projects and policies implemented by the Turkish government but also…
To Honor Slave Trade Victims, A Memorial In The Depths Of The Atlantic
NEW YORK, Nov 19 (Thomson Reuters Foundation) – Tributes to victims of the transatlantic slave trade can be found in…
Naira Plunges To N484/$1 On Parallel Market
The lingering acute shortage of foreign exchange in the country appears to be worsening as the local currency continued its…
Nigeria: Cocoa Prices Rise As Producers, Processors Clash
Tensions between cocoa-producing countries and manufacturers over costs have led to soaring prices on the international market, even as demand…
Nigeria Backtracks On Currency Rules After Naira Weakens
Nigeria’s central bank has backtracked on a rule that banned companies from sourcing imports from third parties other than manufacturers…
Elon Musk Passes Mark Zuckerberg To Become The World’s Fourth Richest Person
Tesl TSLA +2.6% a’s billionaire cofounder and CEO, Elon Musk, overtook Facebook FB +0.4% FacebookCEO Mark Zuckerberg to become the…
Why Nigerians Should Invest In Bitcoin
As the world continues to learn more about investment options, bitcoin has also been making the news among other cryptocurrencies.…
Next Africa: Cocoa’s OPEC Is In Fight With Few Winners
Ivory Coast and Ghana, who together produce about two-thirds of the world’s cocoa, are insisting that traders pay a higher…
Nigeria: Crude In Commercial Quantity Discovered In Benue Trough – NNPC
The Nigerian National Petroleum Corporation on Thursday said the volume of crude oil discovered in Benue Trough was in commercial…
Nigeria: $30 Billion Fuels Import Outlay Present Energy Security Challenges
Industry stakeholders, yesterday, expressed concerns over the state of Nigeria’s petroleum downstream and of other African countries in the face…
Economic Data Puts The Loonie, The Pound, And The EUR In Focus
It’s was a busy start to the day on the economic calendar this morning. The Japanese Yen and the Aussie…
Nigeria To Resume Fuel Imports From Niger Republic
Nigeria, Africa’s biggest oil producer, is set to resume the importation of petroleum products from a neighbouring country, Niger Republic.…
Oil Rises, Set For Weekly Gain, On Covid-19 Vaccine Optimism
Oil rose, heading for a third weekly gain, as positive Covid-19 vaccine developments offered bulls encouragement about the market’s prospects…
Canadian Dollar Gains On Stimulus Hopes But Sticks To Recent Holding Pattern
The Canadian dollar rose against the greenback on Thursday as the prospect of renewed U.S. economic stimulus talks bolstered investor…
Nigeria: Customs Decries Smuggling Activities In Niger, Kwara Communities
Nigeria Customs Service (NCS) has listed some communities inKwara and Niger as notorious for smuggling activities over the years. The…
FG Urged To Tackle Multiplicity Of Inspection, Shipping Charges
To ensure the drive by the federal government to boost exports succeeds, the government has been urged to simplify the…
Nigerian High Commission Seeks Release Of 12 Nationals From Meghalaya Jails
An official of the Home (Prisons) Department said that at least 12 Nigerian nationals are presently lodged in Shillong and…
Nigeria’s Yemi Edun Listed Among Britain’s Most Influential Black People
Nigerian-born London property expert and acquisition agent, Yemi Edun, was Tuesday named among one of the UK’s Most Influential Black…