WhatsApp Introduces Messages That Delete After Seven Days
Facebook Inc.’s WhatsApp will roll out disappearing messages to users this month, which will delete posts in a chat after…
Year: 2020
China Bans Non-Chinese Arrivals From UK As England Enters Lockdown
China has barred non-Chinese travellers from the UK, Belgium and the Philippines, imposing new border restrictions in response to the…
Banks’ Borrowings From CBN Crashes By 93%
MONEY MARKET Deposit Money Banks’ reliance on the loans from the Central Bank of Nigeria (CBN) fell sharply by 93…
Why Oil Prices May Be Set To Fall Further
The main oil benchmarks fell below $40 a barrel again this week as clouds gathered over the outlook for demand…
Dollar Slumps To Two-Month Low, Investors See More Weakness On U.S. Election
The dollar sank to its lowest level in over two months against against a basket of peer currencies on Friday,…
Sterling Eyes Weekly Gain Vs Dollar In Choppy Markets
Sterling was on track for a weekly gain versus the dollar on Friday in choppy markets, as traders digested high…
Nigerian Banks To Fail Stress Tests Should Economic Slump Deepen
Nigerian lenders will drop below minimum capital buffers required by regulators should the economy shrink further this year, according to…
Oil Prices Are Set To Go Higher Next Year
As predicted, a second wave of COVID-19 is wreaking havoc on the world economy with many European nations contemplating new…
Four OPEC+ Members Favor Extended Cuts
Three members of OPEC and Russia are in favor of an extension of the current oil production cuts agreed by…
COVID-19: China Bars Nigerians, Others From Entry
The Chinese authorities have temporarily suspended entry into China by Nigerians and other nationals in Nigeria holding valid Chinese visas…
Stock Market 0May Be Investor’s Only Viable Option
With Nigeria’s debt market becoming even more unattractive to foreign investors, Nigerian investors’ only viable trading option will be the…
Local Currency Depreciates To N464/$1 At Black Market
The Naira weakened against the US Dollar at the parallel market on Wednesday, November 4 as it lost N1 to…
Forex Scarcity Restricts Access To N100bn Pharmaceutical Fund
Despite availability of the N100 billion Healthcare Intervention Fund, HIF, the scarcity in foreign exchange, forex, market has now posed…
FG Considers Passport Ban For Passengers Breaching COVID-19 Test
The federal government has threatened to prevent travellers who refuse to make themselves available for compulsory PCR test, seven days…
Dollar Gains As Investors Unwind Bets On Big Fiscal Spending
The U.S. dollar gained against a basket of currencies on Wednesday after Democrats looked unlikely to take control of the…
Sterling Volatile As Investors Await U.S. Election Outcome
Democrat Joe Biden was back as favourite to win the U.S. presidential election in online betting markets, according to Britain-based…
U.S. Senate Gets First Nigerian-American Congressman
Mr. Oye Owolewa cruised into victory on Tuesday night to become the first Nigerian-American to be elected to the U.S.…
Nigeria, Third Highest Destination Of Used Cars From U.S.
The unique and rare terracotta head, believed to be from Ile-Ife in Nigeria, was intercepted by Dutch Customs at Schiphol…
Nigeria Not Military State, Release Moe’s Passport – Ezekwesili
A Former Minister of Education, Oby Ezekwesili, has called out the President Muhammadu Buhari government and relevant authorities over the…
FG Clamps Down On #EndSARS Promoters, Freezes Accounts
There were strong indications on Tuesday that the Federal Government had begun a clampdown on promoters of #EndSARS protests by…
Nigeria’s Debt To Hit N38.6 Trillion By December 2021
Nigeria’s total public debt may hit N38.68 trillion by December 2021, the Minister of Finance, Budget and National Planning, Zainab…
Gold Erases Losses As U.S. Vote Count Stretches On; Oil Jumps
Gold erased losses while oil rose as tight races in key battleground states in the U.S. election left investors scrambling…
FG Seeks Fresh $1.2bn Loan From Brazil
The Federal Government is seeking a $1.2bn external borrowing from Brazil to finance agricultural programmes in the 2021 budget. A…
Sterling Falls More Than 1% As U.S. Election Results Eyed
The British pound fell more than 1% against the U.S. dollar on Wednesday as investors sold riskier currencies, with early…
Dollar Trims Gains As U.S. Election Race Enters Home Stretch
The dollar gave up some gains and riskier currencies remained on the backfoot as markets waited for the U.S. election…
South African Rand Inches Higher, Traders Focus On U.S. Election
South Africa’s rand ended mostly flat on Tuesday in turbulent trade as investors awaited the results from the United States…
Mutual Funds Are Next Big Thing In Nigerian Finance’
Mutual Funds are gaining wide acceptance in Nigeria’s investment climate, with savvy investors choosing the investment plan over savings, Head…
Oil Drops After Trump Claims Victory In Tight U.S. Election
Oil turned lower on Wednesday after President Donald Trump claimed victory in a tight U.S. election, despite millions of votes…
Police Brutality Activist Says She Was Barred From Leaving Nigeria
Nigerian immigration officials blocked a prominent anti-police brutality activist from leaving the country and confiscated her passport, she told Reuters…
6,800 Nigerian Students In China – Envoy
The Charge d’Affaires of the Embassy of China in Nigeria, Mr Zhao Yong, has said people-to-people exchange between China and…