Dollar Jumps As U.S. Election Race Tightens; Peso, Yuan Wilt
The U.S. dollar jumped and riskier currencies wilted on Wednesday as early results in the presidential election showed a tight…
Year: 2020
Top Nigerian Bank Sued For Blocking Account Linked To Protesters
Access Bank Plc, Nigeria’s biggest bank, is accused of illegally blocking an account used to promote media coverage of protests…
OML 40 Explosion Damages Marine Storage Vessel, Stalls 10,000bpd
The Nigerian Petroleum Development Company, a subsidiary of the Nigerian National Petroleum Corporation, has reported an explosion at a production…
Nigeria Will Borrow N6tn In 2021 – Finance Minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said Nigeria’s total public debt will hit N38tn by…
Survey Anticipates Further Rise In Unemployment Rate
Respondents to the Central Bank of Nigeria’s (CBN), ‘Consumer Expectations Survey Report,’ have estimated further rise in unemployment rate in…
Nigeria Government To Ban Passports For Travelers Refusing For Compulsory PCR Test
The Government of Nigeria has decided to ban passports for travelers who refuse to make themselves available for a compulsory…
Naira Stabilizes At Black Market As CBN Continues Its Intervention In Forex Market
Forex turnover rose sharply by 122% as Nigeria’s exchange rate at the NAFEX window depreciated against the dollar to close…
US Dollar Eurobond Yields Now Higher Than Naira Yields?
The Naira yields of T-bills and Federal Government of Nigeria (FGN) bond are lower than its US dollar Eurobonds. This…
Budget 2021: Nigeria’s Proposed Funding For Oil Palm Research Highest In 10 Years
Nigeria’s oil palm research will receive its biggest funding in 10 years if the 2021 budget is passed into law,…
Canada Dollar Seen Rising; U.S.’Blue Wave’ Would Bolster Prospects: Poll
The Canadian dollar is set to extend its rally over the coming year if the COVID-19 crisis becomes less of…
US Army’s Operation Not Violation Of Nigeria’s Sovereignty – Minister
The Minister of Defence, Major General Bashir Salihi Magashi (retd.), has said the rescue operation by the United States Army…
Dollar Climbs As Risk Of Long Wait In U.S. Election Outcome Looms
The U.S. dollar jumped and risk-sensitive currencies weakened on Wednesday, as early results in the U.S. presidential election showed a…
122% Jump In FX Demand Weakens Naira By 0.10% At I&E
The Naira lost 37 kobo or 0.10 per cent at the Investors and Exporters (I&E) segment of the foreign exchange…
Oil And Gas Regulations In Nigeria – Oil & Gas Policies
There are various laws regulating oil and gas in Nigeria. The principals among these laws are the 1999 Constitution of…
Meet Donald Trump’s Nigerian Cheerleaders
lad in white and blue — the same shades as the Israeli flag — his supporters thronged the streets of…
Oil Accounted For 88% US Imports From Nigeria In 2019’
The Congressional Research Service (CRS), a non-partisan group which provides legislative research and analysis for the United States Congress, has…
Nigeria And Digital Banking
I often wonder about the wind of change that is sweeping across the Nigerian banking industry, especially the deployment of…
Forex Inflow To Domiciliary Accounts Falls 69% In Q2
Foreign exchange (forex) inflow to domiciliary accounts fell by 69 percent, quarter-on-quarter (q/q) in the second quarter of the year…
Igeria Generated N424.71bn VAT In Q3 —NBS
The National Bureau of Statistics on Monday said the sectoral distribution of Value Added Tax data for the third quarter…
Soldiers Detained For Flogging Lady Over ‘Indecent’ Dressing, Shaving Youths
The Oyo State security outfit, Operation Burst, said on Monday that it had arrested some of its personnel for allegedly…
Local Rice Supply Threatened After Massive Looting Of Warehouses
Following the looting and destruction of warehouses across the country, including rice mills, Rice Millers Association of Nigeria (RIMAN) has…
FX Markets To Remain Net Short U.S. Dollar After Election – Reuters Poll
Bets against the U.S. dollar were expected to linger or even increase in the immediate aftermath of the Nov. 3…
Why Scots Should Pay Attention To What’s Happening In Nigeria – Ayeni Adekunle
It’s a rich, complex history that one piece cannot do justice to. But I’ll attempt to provide an introduction that…
The Case For A Nigerian-Born Woman To Lead The World Trade Organization
THE TARIFF WARS OF U.S. President Donald Trump’ administration have garnered enormous press coverage over the past four years, and…
CBN Lists Business Activities Eligible For N75 Billion Youth Investment Fund
The Central Bank of Nigeria (CBN) has revealed main business activities and sectors in the Nigerian economy that are eligible…
Immigration Prevents #EndSARS Promoter From Travelling
The Nigeria Immigration Service on Monday prevented a promoter of the #EndSARS movement, Modupe Odele, from travelling. Although the officers…
Nigeria Mobile Money Revolution Delayed By Scarcity Of Licences
In late 2018, Nigeria stated it could permit non-financial corporations to use for cellular banking licences — a part of…
U.S. Dollar Hovers In Calm Before Election; Aussie Slips On RBA Cut
The U.S. dollar hovered just below a one-month high on Tuesday, as investors opted for caution in the hours ahead…
Nigerian Minister Says It’s Unclear Who Shot Protesters In Lagos
“Hoodlums” wearing military uniforms may have shot Nigerian protesters campaigning against police brutality and it was too soon to tell…
Travel Agent In Court For Alleged N1.7m Visa Fraud
A 35-year-old travel agent, Alao Ganiyu, on Monday appeared in a Chief Magistrates’ Court in Kaduna for allegedly defrauding a…