Oil Companies Tighten Nigeria Security As Protests, Job Losses Stoke Tension
Oil companies have asked security services to tighten surveillance as violent anti-police brutality protests and the expected sacking of hundreds…
Year: 2020
Naira Gains N1.20 Against Dollar At I&E Segment
During the trading session, the local currency gained 0.31 per cent or N1.20 to quote at N384.80/$1 in contrast to…
Europe Is Planning Its Very Own E-Currency
The European Central Bank appears serious about a digital euro. Barely a month after the central bank issued a major…
How Nigeria’s New Banks Law, BOFIA, Will Impact Financial Sector
In assenting into law of the BOFIA 2020, President Muhammadu Buhari said the new legislation represents a “monumental piece of…
Naira Devaluation Pushes FAAC Disbursement To N2trn In Q3 — Highest In 2020
This is contained in the quarterly review report released by the Nigeria Extractive Industries Transparency Initiative (NEITI) on Tuesday. A…
Nigeria: ‘FCT Will Demolish More Buildings’
THE Federal Capital Territory (FCT) Department of Development Control (DDC) said Abuja residents should be ready for more demolitions, to…
Interest In Euro As A Reserve Currency Growing – ESM CFO
Interest in the euro as a reserve currency is growing and the single currency is increasingly being viewed as an…
Profit Taking Shrinks Nigeria Bourse Into Red Zone As Investors Take Bearish Posture
Profit-taking in Nigeria’s domestic equities market saw investors maintain their bearish stance on Tuesday as sell-offs in the large-cap counters…
$30b 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…
FX May Be A Better Hedge Than Bonds In A Near-Zero World
Bonds aren’t quite the hedge against equity losses that they used to be, and that could have more and more…
Bitcoin Closes In On All-Time High As It Blasts Through $18K
Bitcoin’s price broke through $18,000 in what some experts are attributing to global events and bullish fundamentals in crypto. The…
Four Key Risks Could Make 2021 The Toughest Year For Banks Since 2009, Says S&P
S&P Global Ratings warned that banks could face their toughest year since the aftermath of the global financial crisis, with…
Opec+ Turns Down Nigeria’s Request To Review Quota
The Opec+ Joint Ministerial Monitoring Committee (JMMC) has declined an informal request from Nigeria to re-evaluate the baseline from which…
Nigerians Are Leading Global Asylum Claims To Canada Despite Covid-19’S Travel Restrictions
In February, data showed that, for the fifth year in a row, more Nigerians emigrated to Canada in 2019 than…
Nigeria’s President Vows To Prevent Repeat Of Anti-Police Brutality Protests
Nigeria’s president will do what it takes to prevent a repeat of demonstrations against police brutality last month that led…
Nigerian Oil Reform Bill To Pass ‘Within Six Months’ – House Speaker
Nigeria’s House of Representatives will pass a long-delayed oil reform bill within six months, its speaker said on Tuesday, potentially…
Nigeria: NIS Issues Travelling Documents To 7,874 Applicants In Edo
The Nigeria Immigration Service (NIS), Edo Command, said on Tuesday that it issued travelling documents to no fewer than 7,874…
Nigeria Says Air France, KLM, Lufthansa To Resume Flights
Nigeria lifted a ban on flights to the West African country by Air France, KLM, Lufthansa and Qatar Airways Africa’s…
Nigeria: Lagos Designs Eligibility Form For Businesses To Access N1Billion Seed Capital
The Lagos State Ministry of Tourism, Arts and Culture disclosed it has designed a palliative eligibility form, to take in…
George Clooney Speaks On Why He Gave 14 Of His Closest Friends $1m Each Via Suitcases Full Of Cash
Hollywood actor, George Clooney has confirmed a longstanding rumor that he was able to give 14 of his closest friends…
Kohl’s Shares Rise On Earnings Beat, Retailer Promises Big Gains Ahead In Activewear, Beauty
Kohl’s shares rose more than 5% Tuesday, after Chief Executive Michelle Gass laid out the retailer’s plans to expand in…
Amazon Sellers Fined For Price Gouging Hand Sanitizer Amid Coronavirus Pandemic
Three Amazon sellers have been fined by New York Attorney General Letitia James after they were discovered to be price…
Walmart Sees Stockpiling Again As Covid Cases Rise—But This Time It’s Localized
Walmart CEO Doug McMillon said Tuesday that customers are loading up on items such as toilet paper again as coronavirus…
SoftBank CEO Masayoshi Son Says He’s Hoarding Cash To Prepare For ‘Worst Case Scenario’
SoftBank CEO and founder Masayoshi Son said he aggressively sold assets this year to prepare for a “worst case scenario”…
Biden Picks For Senior White House Staff Include Loyalists, Rising Democratic Stars
WASHINGTON – President-elect Joe Biden on Tuesday announced his first slate of senior White House staff, choosing a mix of…
Trump Lawyer Rudy Giuliani Joins Pa. Court Case Seeking To Deny Biden Victory After Other Attorneys Quit
President Donald Trump’s personal lawyer, Rudy Giuliani, on Tuesday was allowed to join a lawsuit seeking to stop Pennsylvania from…
Amazon Jumps Into The Pharmacy Business With Online Prescription Fulfillment, Free Delivery For Prime Members
Amazon is entering the pharmacy business with a new offering called Amazon Pharmacy, allowing customers in the United States to…
GOP Sen. Rob Portman: I Joined J&J’s Covid Vaccine Trial To Encourage People To Get Vaccinated
Sen. Rob Portman told CNBC on Tuesday that he’s participating in Johnson & Johnson’s Covid-19 vaccine clinical trial, hoping to…
Dollar Nurses Losses Amid Worries About Second Coronavirus Wave, Biden Transition
The dollar nursed losses on Tuesday as a return of coronavirus restrictions in some U.S. states and worries about a…
FG To Make Forex Available To Oil Marketers For Import To Drive Down Petrol Price
The Federal Government has announced plans to make the foreign exchange available to petroleum product marketers, in order to make…