CBN Opposes Bid To Remove Arabic From Naira Note
The Central Bank of Nigeria (CBN) has opposed a suit seeking to remove the Ajami (Arabic) inscriptions on naira notes.…
Year: 2020
Why We Are Rebuilding Lekki/Epe Expressway 40 Years After’
The Lekki/Epe expressway has been a death trap and a haven for criminals because of its deplorable condition. Constructed 40…
Wealthy Nigerians Seek To Secure Future With Dominica’s Citizenship By Investment Programme
LONDON, Nov. 10, 2020 /PRNewswire/ — With a looming recession, inflation on the rise and a lack of security, high…
Naira Sells N465/$1 At Black Market Monday After N1 Loss
Traders witnessed the weakening of the Naira by N1 against the US Dollar at the parallel market segment of the…
NCDC Links Delta, Enugu ‘Strange Deaths’ To Yellow Fever
The Nigeria Centre for Disease Control (NCDC) has attributed the recent strange deaths in Delta and Enugu states to an…
Biden Boosts The Euro, But The Dollar’s Still King
There’s nothing quite like a little bit of dollar weakness to signal traders and investors have a renewed appetite for…
Nigerian Oil Workers Set Strike Over IPPIS
With the impact of the recent #EndSARS protests, which virtually grounded the country’s economy for days yet to be over,…
Pfizer, BioNTech Say Their COVID-19 Vaccine Is More Than 90% Effective
Pfizer Inc PFE.N on Monday said its experimental vaccine was more than 90% effective in preventing COVID-19 based on initial…
Oil Jumps On Vaccine Hopes, OPEC+ Signal To Tweak Deal
Oil jumped on Monday by almost 10%, the highest daily rise in almost 6 month, after Pfizer said its COVID-19…
Sterling Hits Nine-Week High Overnight; Steadies Before Next Brexit Talks
Sterling edged up in early London trading on Monday after reaching a nine-week high versus the dollar overnight, as Democrat…
Riskier Currencies Maintain Gains Vs Dollar On Biden Election Win
The dollar stabilised on Monday after tumbling to a 10-week low in the wake of Joe Biden’s election as U.S.…
China’s Yuan Extends Best Week Since 2017 On Biden’s Victory
The yuan extended its recent rally as the dollar weakened following Joe Biden’s presidential victory in the U.S. The offshore…
#EndSARS Protest Disruption Costs Economy N1.5tn – FDC
The economic cost of the #EndSARS protest disruption is estimated at N1.5tn, approximately 1.03 per cent of the GDP and…
Petrol Scarcity Looms As Oil Workers Down Tools
Nigeria may face the scarcity of Premium Motor Spirit, popularly called petrol, in coming days as oil workers have been…
Biden’s New Plan For H-1B Visas, Green Cards Likely To Benefit Thousands
With Kamala Harris as his deputy, Biden is expected to reverse the move of the outgoing Trump administration to revoke…
Turkish Lira Jumps On Hopes For Rates Orthodoxy After Departures
The Turkish lira surged the most since March 2019 on speculation higher interest rates could be coming after the weekend…
Family Kicks As Six Nigerians Are Jailed In UAE For ‘Funding Boko Haram’
In April 2019, the Abu Dhabi federal court of appeal sentenced Surajo Abubakar Muhammad and Saleh Yusuf Adamu — two…
Naira Gains At Black Market As Improved Dollar Supply Continues
Forex turnover improved by 9.12% as Nigeria’s exchange rate at the NAFEX window maintained its stability against the dollar to…
Dollar Sinks After Biden Clinches U.S. Presidency
The dollar hit a 10-week low on Monday as investors heralded Joe Biden’s election as U.S. president by buying trade-exposed…
We Owe CBN More Than N4tn, Says AMCON
The Asset Management Corporation of Nigeria has said it owes the Central Bank of Nigeria more than N4tn. AMCON was…
Rewane: Protests To Prolong Economic Recovery By Three Months
Nigeria’s economic recovery from the impact of the COVID-19 pandemic as well as the slump in crude oil prices will…
Capital Market: Tax Waiver Could Be The Required Incentive
The development of a strong and viable capital market is a complex process and requires a systematic approach consisting of…
Banks’ Patronage At CBN’s Liquidity Window Drops To N48b
The Central Bank of Nigeria (CBN) has said that daily patronage of the Standing Deposit Facility (SDF) by commercial and…
Brent Crude Tops $40 After Biden’s Win Lifts Risk-Takers
Oil prices gained more than 2% on Monday, with Brent futures rising above $40 a barrel, after Joe Biden clinched…
Investors Gain N249 Billion At Stock Market Over Strong Firms’ Q3 Results
Investors in the stock market earned about N249 billion last weekend after most of the listed companies started declaring strong…
Nigerian, Chinese Firms Sign Agreement On Gold Mining
Japaul Gold and Ventures has signed an agreement with Xiang Hui International Mining Company Nigeria to drill, mine and process…
Why PPMC Stopped Announcing Monthly Ex-Depot Price
The Nigerian National Petroleum Corporation (NNPC) on Monday revealed why its subsidiary -Pipeline Products Marketing Company (PPMC) stopped announcing its…
Propriety Of Visa-For-Good-Behaviour In Elections
During the last election in Edo and Ondo States, the ambassadors of the European Union, the United States and the…
Kano Commodity Exchange Market Begins Operation Q1 2021
The Kano Gezawa First Commodity and Exchange Market, established by the Accountant General of the Federation, Ahmad Idiris, is to…
Import Ban Alone Can’t Fix Textile Sector – Stakeholders
Despite the federal government’s concerted efforts to revitalise the nation’s over 250 moribund textile mills only 30 are currently operational,…