Lagos Govt Asks Schools To Reopen After Protests
Private and public schools in Lagos State can reopen from Monday, November 2, 2020. The Commissioner for Education, Mrs Folasade…
Year: 2020
Court Refuses To Issue Warrant For Diezani’s Arrest
A federal high court in Abuja has refused an application by the Economic and Financial Crimes Commission (EFCC) which sought…
“Your Demands Are Ridiculous” – FG Tells ASUU
The federal government has described the demands of the Academic Staff Union of Universities (ASUU) as ridiculous and unreasonable. The…
#EndSARS: Wike Pledges N20m Compensation To Each Slain Police Officer
Governor Nyesom Wike of Rivers has announced N20 million compensation each to families of soldiers and policemen allegedly killed by…
Hackers Stole $2.3M From Trump Reelection Fund
Hackers stole $2.3 million from the Wisconsin Republican Party’s account that was being used to help reelect President Donald Trump…
ECB Signals December Stimulus Likely Amid European Lockdowns
The European Central Bank gave a strong indication that it will likely boost its emergency bond-buying program to stabilize the…
Nigeria’s Economy Too Fragile For A Second Lockdown
In a tweet via his official Twitter account on Thursday, the president said the country’s economy is too fragile to…
Dollar Stabilises As Europe’s New Lockdowns Keep Risk Appetite Subdued; ECB In Focus
The dollar edged up slightly on Thursday and riskier currencies remained subdued, with markets worried about Europe’s second wave of…
Britain Says It Is Doing Everything It Can To Avoid National Lockdown
Britain will do everything it can to avoid ordering a second national COVID-19 lockdown because it believes it will do…
CBN Increases Access To Mortgage Financing
The Central Bank of Nigeria has said it has removed the restriction on non-member mortgage lenders from refinancing their mortgages…
Nigeria’s Earnings Threatened As Oil Sheds $2.33/Barrel
Brent, the oil against which Nigeria’s crude is benchmarked, dropped in price on Wednesday, shedding $2.33/barrel. The bulk of Nigeria’s…
Naira Falls To N465/$1 At Black Market, Gains 0.09% At I&E
After maintaining stability for some days, the Naira finally recorded a movement against the United States Dollar on Wednesday at…
Wide Gulf Persists Between CBN, BDC Rates For Naira And Dollar
The Nigerian Naira remains battered by US Dollar, Euro, Sterling The Central Bank of Nigeria exchanges N379 to one US…
Sterling Bank Launches ‘Switch’ Free Money Transfer Service For Nigerians In Diaspora
Sterling Bank Plc has launched “a free money transfer service” for Nigerians in diaspora, called ‘Switch’, to promote financial inclusion,…
WTO Explains Leadership Election Quagmire
The World Trade Organisation selection committee explains the election quagmire. Link below: WTO Election committee explains leadership quagmire
U.S. States Reason For Blocking Okonjo-Iweala At WTO
The Office of the U.S. Trade Representative has explained why the Trump administration is opposed to the selection of former…
Nigeria Stocks Rise To 9-Month High After Curfews Imposed Last Week Eased
Nigerian stocks climbed to a nine-month high on Wednesday after round-the-clock curfews imposed last week to curb protests over alleged…
Nigeria Is Spending $35 Per Capita To Combat COVID-19, Aig-Imoukhuede Says
Sub-Saharan Africa Governments do not have the firepower required to throw a blanket over the virus and as such need…
Bank Of Canada Holds Rate Steady, Says COVID-19 Economic Recovery Likely By 2022
OTTAWA — The Bank of Canada kept its key interest rate on hold Wednesday as it said the country’s economy…
CBN Debits Banks Of CRR Worth N926.4bn For Breaching Lending Requirements
The Lagos State Government has announced total closure of the Adekunle to Adeniji section of the Third Mainland Bridge for…
Oil Plunges 5% As Coronavirus Cases Surge, U.S. Crude Stockpiles Swell
Oil prices dropped 5% to a three-week low on Wednesday as surging coronavirus infections in the United States and Europe…
FG To Take Over 10 Airports From State Governments
The federal has disclosed plans to take over 10 airports from State governments to help boost the aviation sector. Minister…
Cash-Strapped Customers Groan As Long Queues Return To Banks In Edo
Customers in Edo State on Wednesday, experienced difficulties in making financial transactions owing to the continuous closure of some banks…
Purchasing Managers’ Index Contracts In October
The Manufacturing Purchasing Managers’ Index (PMI) stood at 49.4 index points in October, indicating slowing contraction in the manufacturing sector…
Sterling Drops Vs Dollar; One-Week Volatility Jumps Ahead Of U.S. Elections
Sterling fell against a strengthening dollar on Wednesday as markets turned risk-averse in light of a resurgence of COVID-19 infections…
How Emefiele Saved The Economy From COVID-19
The Coronavirus pandemic (COVID-19) took the world by storm in a manner that inflicted destruction, the like that can only…
Nigerian Army Says It Intervened In Protests At Lagos Government’s Request
Nigeria’s Lagos state government asked the army to intervene to restore order amidst anti-police brutality protests, but soldiers did not…
Bank Of England Gives Banks Breathing Space Over Crisis Plans
Britain’s main banks will have extra time before they have to say publicly how they could be closed down in…
Travel Agents Bemoan Fakery, Illegal Operators
Travel agencies have again raised concerns over the activities of illegal operators, touts and fake agencies that have continued to…
Euro Dips On French Lockdown Fears, U.S. Vote Drives Volatility Gauges Up
The dollar rose against the euro on prospects of a national coronavirus lockdown in France, with implied volatility gauges in…