Financial Inclusion: Ray Of Hope As CBN Licenses PSBs
Bank account ownership is quite compulsory in many developed countries of the world. Research shows that nearly half of the…
Year: 2020
Lagos Free Zone To Boost Nigeria’s GDP By Two Per Cent
BUSINESS Experts have expressed confidence that the Lagos Free Zone (LFZ) has the capacity to contribute around two percent of…
Survey: Nigerians Expect Weaker Economy If Inflation Rises Faster —CBN
The Central Bank of Nigeria has said more than 60 per cent of Nigerian households it surveyed in September believed…
NNPC Set To Grow Crude Reserves To 40bn Barrels
The Nigerian National Petroleum Corporation (NNPC) has assured of its resolve to grow the nation’s hydrocarbon reserves to 40billion barrels…
Rising Inflation, Forex Demand Push Naira To N478/$1 At Parallel Market
The naira on Thursday depreciated to N478 to dollar at the parallel market as importers and manufacturers push unmet foreign…
Value Of Naira Sinks To N480/$1 At Black Market
According to data obtained by Business Post from AbokiFX, a platform that tracks the Naira exchange rate at the black…
Nigeria: Terminal Operators Assure NPA Of Support
The Seaport Terminal Operators Association of Nigeria (STOAN) has promised to support the Nigerian Ports Authority (NPA) in replacing some…
Dollar Halts Slide As Mnuchin Calls Time On Emergency Funds
The dollar halted its slide on Friday after U.S. Treasury Secretary Steven Mnuchin called an end to some of the…
UK May Ease Christmas Rules As COVID Cases Start To Flatten, Minister Says
There are signs that coronavirus cases in Britain are starting to flatten as a result of current lockdowns, health minister…
Naira Sinks To 620 Against Pound, Euro Rises
The naira tumbled to 620 against the British pound sterling at the parallel market on Thursday, even as the euro…
Nigeria Police Launch Cybercrime Reporting Portal, Nab 3, Uncovers 50,000 Fraudulent Emails, Passwords
The Nigeria Police Force (NPF) has unveiled a cybercrime reporting web portal: https://incb.police.gov.ng/ as part of efforts at ensuring ease…
CBN List Requirements For Third Party Participation In Buying Forex Routed Through Form
The Central Bank of Nigeria (CBN), in a new circular, has clarified its position on the removal of third parties…
Nigeria Spends $500m Annually Importing Palm Oil, Says FG
Officials from the Federal Ministry of Agriculture and Rural Development, states, agencies and non-governmental organisations on Thursday said Nigeria was…
Nigeria: Slashing Import Duty On Vehicles Will Increase Unemployment
Government’s plan to slash import duties and taxes on tractors, buses and passenger vehicles will increase unemployment, Peugeot Automobile Nigeria…
Nigeria Sliding Into Bankruptcy, Says Secondus
National chairman of the Peoples Democratic Party, PDP, Prince Uche Secondus has said Nigeria under the watch of President Muhammadu…
Nigeria Denies CNN Report Saying Army Killed Protesters
Nigeria dismissed an investigative report by CNN alleging that its security forces killed unarmed protesters last month in the country’s…
Dollar Batters Naira Further
The Nigerian Naira was battered further today by the US dollar and other currencies as it crashed to N478 in…
Nigeria Threatens To Sanction CNN Over Investigation And Denies Security Forces Shot At Protesters
Protesters Victor Sunday Ibanga, left, and Wisdom Okon. Their families say they haven’t seen them since the protest on October…
‘Nigeria’s Unemployment Deadlier Than Covid-19, Boko Haram’
The 1993 Presidential Aspirant under the defunct National Republic Convention (NRC), Alhaji Lema Jibril, has said that the challenge of…
Jeff Bezos Just Became The Latest Big Tech Name To Invest In An African Fintech Startup
Over the past five years, high-profile visits to African tech ecosystems by Facebook CEO Mark Zuckerberg, Twitter CEO Jack Dorsey,…
Weekahead-Africa FX – Nigeria’s Naira And Kenya’s Shilling To Weaken
Nigeria’s naira and the Kenyan shilling are expected to lose value against the dollar in the week ahead as demand…
Oil Prices Slip As New Wave Of COVID-19 Cases Weigh On Outlook
Oil prices dipped on Thursday as a surge in coronavirus cases and tighter pandemic restrictions around the world weighed on…
Nigeria, Niger Sign Agreement On Petroleum Products
The MoU was reached following bilateral agreements between President Muhammadu Buhari and President Mahamadou Issoufou of Niger. The federal government…
Qatar Airways To Launch Three Weekly Flights To Abuja, Nigeria From 27 November
Launch of Abuja flights will increase Qatar Airways’ network in Africa to over 65 weekly flights across 20 destinations Passengers…
Anger As FG Eyes N200b ‘Idle’ Funds
Shareholders, economists and securities expert have reacted angrily to Federal Government’s plan to plough N200 billion unclaimed dividends into its…
Money Market Crash Triggers Largest Daily Gain In Five Years
Declining interest rates in the fixed income market triggered massive rally on the equities sector of the Nigerian Stock Exchange…
UK Petrol Car Ban Threatens Nigeria’s Oil Sales
Except the country finds new buyers, the plan to ban petrol and diesel vehicle sales by the United Kingdom government…
Diversification, Infrastructure Remain Key To Nigerian Economic Outlook’
The extent of diversification of Nigeria’s economy and revenue sources and the development of infrastructure would determine the sustainable economic…
Nigeria Should Sanction CNN For Report On Shooting Of Protesters – Minister
Nigeria should sanction CNN for a report that the country’s military shot and killed protesters demonstrating against police brutality, a…
Absence May Make Eurobond Investors Fonder Of Africa Issuers
Africa’s notable absence from the rush to the sell Eurobonds this month is set to change as the largest economies…