Sterling Edges Higher As Traders Focus On Drawn-Out Brexit Talks
Sterling rose against a broadly weaker dollar and edged higher against the euro on Tuesday as traders awaited news on…
Year: 2020
Euro Climbs On Vaccine Optimism, Offshore Yuan Hits Highest Since June 2018
The euro rose against the dollar on Tuesday, helped by optimism over another coronavirus vaccine, while the Chinese yuan hit…
Oil Prices Rise On Possible OPEC+ Supply Action, Vaccine Hopes
Oil prices edged up on Tuesday helped by expectations that OPEC and its allies would tighten supplies next year and…
Nigeria To Hold Summit To Woo Investors
The summit will discuss issues on Nigerians in Ghana and elsewhere, who are facing harsh conditions. Nigeria is billed to…
What African Central Banks May Do This Month With Interest Rates
Following aggressive interest rate cuts when coronavirus restrictions shut down output, African central bankers meeting for the final time this…
Oil Marketers Advises Against ‘Group Fixing’ Of Petrol Price
The Major Oil Marketers Association of Nigeria (MOMAN), an umbrella body of petroleum products marketers in the country, has advised…
Nigeria: Freight Forwarders Seek Reopening Of Borders
Freight forwarders under the aegis of the Association of Nigerian Licensed Customs Agents have tasked the Federal Government to re-open…
Panic As Naira Further Crumbles To N475/$1 After N5 Loss
The scarcity of forex at the parallel market is beginning to take its toll on the value of the Nigerian…
FG Has Final Decision On 5G Deployment, Says NCC
Despite the hue and cry against the deployment of Fifth Generation (5G) technology in the country, the Nigerian Communications Commission…
Nigeria Benefits From Chinese $15bn Investment In Oil, Gas Sector
Nigeria’s energy sector is about to receive a major boost from huge investment decisions from China, which is eyeing key…
Brazil Launches ‘Pix’ Instant Payments System, Whatsapp To Enter ‘Soon’
Brazil’s central bank on Monday launched an instant payments platform that will speed up and simplify transactions, as well as…
CBN Policies: Coalition Tasks Apex Bank On Advocacy
Coalition of Civil Society has called on the Central Bank of Nigeria (CBN) to engage Nigerians through adequate advocacy, saying…
Tarka: Growing Reserves Necessary To Sustain Nigeria’s Voice At OPEC
re just about to be commissioned as we speak and they are going to meet a lot of needs for…
Naira Plunges To 475 As Dollar Demand Rises
The naira weakened further on Monday, trading at 475 to the United States dollar in the parallel market amid a…
Sylva: Like Diesel And Kerosene, Nigerians Will Get Used To Petrol Deregulation
Timipre Sylva, the minister of state for petroleum resources, says Nigerians will get used to the deregulation of the pump…
Canadian Dollar Rallies After Positive COVID-19 Vaccine News
The Canadian dollar strengthened against its U.S. counterpart on Monday as positive results from a COVID-19 vaccine trial boosted investor…
Whatsapp To Provide Peer-To-Peer Payments Services In Brazil Soon: Central Bank Chief
Whatsapp, the messaging service of Facebook Inc will soon enter the Brazilian market providing peer-to-peer (P2P) payment services, central bank…
Nigeria: Recent Violence Has Set Lagos Economy Back By Tens Of Billions Of Naira – Sanwo-Olu
Lagos State Governor, Babajide Sanwo-Olu, is concerned about the impact of the destruction of government and private properties on the…
Nigeria Oil & Gas Market – Growth, Trends, And Forecasts (2020 – 2025)
The Nigeria oil and gas market is expected to grow at a CAGR of less than 5% during the forecast…
OPEC+ Weighs Further Steps To Support Market, Sees Weaker Compliance
OPEC and its allies discussed weaker compliance with pledged oil output cuts on Monday and weighed further action to support…
Nigeria Plans To Start A Bridge Bank To Aid Struggling Lenders
Nigeria plans to start a fund that will operate a bridge bank to nurse struggling lenders back to health. The…
Nigerian Investors Tipped To Ignore Signs Stocks Are Overheating
Technical charts studied by some analysts to predict market moves suggest the world-beating rally in Nigerian stocks is overdone. Yet,…
UK Sets 2022 Date For New Financial Regulation Regimes
British authorities said on Monday they planned to implement new financial regulation regimes on Jan. 1 2022. They comprise the…
Nigeria: SEPLAT, NNPC To Build Gas Plant In Imo
SEPLAT Group has partnered with the Nigerian National Petroleum Corporation to site a multi-billion-naira gas plant at Asaa, Ohaji-Egbema Local…
Economist Canvasses Price War Against Imported Rice
An economist, Prof. AbdulGafar ljaya, has called for a price war against imported rice. Ijaya, who teaches economics at the…
African Leaders Mount Effort To Mediate Ethiopia Conflict
African leaders attempted Monday to kickstart some kind of mediation in Ethiopia’s escalating internal conflict, two days after rocket strikes…
Nigerian Inflation Rate Rises On Surging Food Costs
Nigerian inflation quickened for a 14th straight month in October on rising food prices caused by border closures, dollar restrictions…
Nigeria: Reps Summon NNPC Boss, Emefiele, Allege N3.2tn, Others Unremitted
The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari; and the…
Nigeria: Kaduna Dry Port Woos Chamber Of Commerce, MAN, Others
The Kaduna Inland Dry Port has begun to liaise with various segments of the organised private sector within its area…
Finance Bill 2021: Stakeholders Engagement Begins
The Federal Ministry of Finance, Budget and National Planning has released the draft version of the 2020 Finance Bill (the…