Analysts Allay Fears Of Nigeria’s Default As Eurobond Investors Fret
Analysts have allayed concerns about the likelihood of Nigeria defaulting on its Eurobond payments to investors even as investors in…
Year: 2020
Nigeria’s Inflation Hits 14.23% — A 30-Month High
Nigeria’s inflation rate has climbed to a 30-month high, as it rose further to 14.23 percent in October, the latest…
$500m Chinese Debt Sparks Confusion In Airport Concession
Federal Government’s plan to concession airports has run into difficulties over an existing debt and pact with China to build…
Oil Tanker ‘Hijacking’: Probe Remains Ongoing, Say Police
A MARITIME ‘hijacking’ probe is ongoing. Seven Nigerian men were previously bailed for allegedly hijacking the oil tanker Nave Andromeda…
Dollar Steadies Amid Rising Global Coronavirus Cases
The dollar was hemmed into a narrow range on Monday, as traders weighed the economic impact from a resurgence of…
Gold And Monetary Policy
Today, Monday, November 16, South-South governors are scheduled to meet over the subject of Zamfara gold. Not too long ago,…
Oil Climbs Higher On China, Japan Rebound, Hopes Of OPEC+ Supply Curb
Oil prices climbed on Monday, recouping some losses from the previous session as hopes that OPEC+ will hold current output…
CBN’s LDR Policy Buoys Lending To Real Sector
The Central Bank of Nigeria’s Loan to-Deposit-Ratio (LDR) initiative has through its 18 months of existence, largely accomplished its objective…
Investment Market Trembles As Buhari Signs BOFIA 2020
With the signing of the Banking and Other Financial Institutions Act (BOFIA) (amendment) Bill 2020, the reality of a tougher…
Investors Stake N59bn On Shares As Market Extends Rally
Equities investors will for a long time remember the performance of the market last week as it gained N2.1 trillion…
Naira Exchanges At N470/$ In Parallel Market
The naira has continued to fall in the parallel market as it exchanged at N470 to a dollar at the…
China’s Factory Output Beats Forecasts As Asia Shakes Off COVID Slump
China’s factory output rose faster-than-expected in October and retail sales continued to recover albeit at a slower-than-forecast pace, as the…
‘AfCFTA Will Open Up Neighbouring Markets For Nigeria’
The ratification of the African Continental Free Trade Agreement (AfCFTA) last week by the Federal Government is expected to have…
‘Nigeria May Face $20bn Loss In Export Revenue’
Nigeria and four other oil producers on the African continent could each be facing $20billion or more in lost export…
Canadian Dollar Posts Weekly Loss On ‘Bleakening’ Global Outlook
The Canadian dollar steadied against its U.S. counterpart on Friday, holding near its weakest level in more than a week,…
UK Expected To Ban Sale Of New Petrol And Diesel Cars From 2030
Boris Johnson is understood to be planning to ban the sale of new petrol and diesel cars within a decade,…
China Is Rapidly Expanding Its Oil Resources In Africa
China is making a major power play to expand its global energy influence. The United States has long played an…
Central Bank Digital Currencies Are Dead In The Water
CBDCs won’t fundamentally be changing anything — central banks still want to control your wealth and your money. Mark my…
How Airports Re-Opened For International Flights, By FAAN
The Federal Airports Authority of Nigeria (FAAN) at the weekend offered clarifications on the criteria adopted by the Federal Government…
Despite FG’s Appeals, Nigerian Traders In Ghana Call For Evacuation
Despite assurances and pleas by the Federal Government, Nigerians living and working in Ghana under the auspices of Nigerian Union…
Zambia Becomes First African Country To Default On Dollar Bonds Since Covid
Zambia could not pay an overdue Eurobond after the grace period elapsed on Friday, making it the first African nation…
Otunuga: Rising Gold Prices May Support Nigeria’s Economy
As the federal government grapples with the challenge of finding solutions to Nigeria’s current economic woes, the Senior Research Analyst…
Transport Cost, Major Driver Of Inflation — Finance Minister
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said the inflation rate in Nigeria is largely…
Naira Weakens To 470/Dollar Despite CBN Interventions
The naira weakened to 470 against the United States dollar in the parallel market on Friday despite the interventions of…
Palm Oil Price Further Increases In Enugu Major Markets
The price of palm oil has further increased in major markets across Enugu metropolis, the News Agency of Nigeria (NAN)…
Nigeria’s Naira sinks to lowest level in weeks
Nigeria’s currency, the Naira closed the week, falling to its weakest level in six weeks as Central Bank of Nigeria…
FG Is Prioritising Vaccine For Nigerians –Osinbajo
One of Nigeria’s main priorities now is getting the COVID-19 vaccine and this is a matter of utmost concern to…
How China’s New Development Plan Will Benefit Nigeria, Other African Countries, By Envoy `
There are tremendous opportunities for Nigeria and other African countries in China’s 14th Five-Year Plan for National Economic and Social…
Nigerians Now More Conscious Of Their Rights, IGP Tells Police
The Inspector-General of Police (IGP), Mohammed Adamu has cautioned policemen on how they carry out their duty saying that society…
Ex-Wells Fargo CEO John Stumpf Misled Investors In Fake Accounts Scandal, SEC Says
Ex-Wells Fargo CEO John Stumpf and former deputy Carrie Tolstedt were charged by the Securities and Exchange Commission with misleading…