Libor’s End Is A Game Changer For Global Finance
For about 50 years, the London interbank offered rate has helped determine the cost of borrowing around the world. Libor,…
Year: 2020
Fresh Concerns Over $17 Billion Yearly Freight Loss To Foreign Shipping Lines
Stakeholders in the maritime industry have expressed displeasure over the yearly $17 billion revenue loss to foreign ship owners due…
Nigerian Considers Social Media Regulation In Wake Of Deadly Shooting
Nigeria’s information minister said “some form of regulation” could be imposed on social media just a week after protesters spread…
Euro Wilts As Coronavirus Lockdown Worries Hurt Sentiment
The euro fell against the dollar on Wednesday following a media report that France’s government was leaning toward reinstating a…
WTO Panel Recommends Nigeria’s Candidate for Top Post
Nigeria’s former finance minister Ngozi Okonjo-Iweala received a key endorsement Wednesday from the World Trade Organization’s selection committee, moving her…
Manufacturing Sector Hits Sixth-Month Slow Growth
The Purchasing Managers Index for the manufacturing sector which started contracting in May recorded another contraction in October according to…
Bank Closure Leaves Customers Stranded In Abakaliki
The continued closure of commercial banks in Abakaliki, the Ebonyi State capital, in the wake of the violent EndSARS protests…
Nigeria’s Manufacturing Sector Contracts For Sixth Consecutive Month
The manufacturing Purchasing Managers’ Index (PMI) in October stood at 49.4 index points, indicating a contraction in Nigeria’s manufacturing sector…
UK Reopens Visa Application Centre’s In Nigeria
The United Kingdom High Commission has announced the reopening of its visa application centres in Nigeria. This is coming barely…
CEOs Of World Exchanges To Review Nigeria’s Economy
The Chief Executive Officer of World Federation of Exchanges, Nandini Sukumar and his NASDAQ Exchange’s counterpart, Adena Friedman, will appraise…
Bitcoin Further Gains 5.4% As Naira Trades Flat At FX Market
Business Post gathered from data sourced from Quidax, a platform used for trading cryptocurrencies in Naira in Nigeria, that other…
Analysis: Will Nigeria Yield In Oil Deal Wrestling Bout With Shell And Eni?
High profile courtroom dramas involving multiple sides often have the feel of a WWE Smackdown wrestling match: titanic egos clashing…
ECB Stimulus Signal Sought As Euro Economy Sinks Into Gloom
The European Central Bank will get much of the evidence it needs this week to justify adding more monetary stimulus…
Nigeria: Okonjo-Iweala Elected WTO DG
Ngozi Okonjo-Iweala, Nigeria’s nominee for the office of the director-general of the World Trade Organisation, has emerged winner of the…
Yuan’s Rally Under Test After Banks Tweak Daily Reference Rate
The recent strength in China’s currency faces a new hurdle after the nation’s banks abandoned inclusion of a key factor…
FG To Build New Airports In Anambra, Benue, Others —Sirika
The Minister of Aviation, Hadi Sirika, said on Tuesday that the Federal Government would construct 10 new airports across the…
Nigerian Govt Announces Payment Of N30,000 To Over 300,000 Artisans
The government says it will grant free registration for 250,000 small businesses. Amidst the rampage across the country by mostly…
USA: New Retirement Bill Has Perks For Seniors, Student Loan Borrowers
A new bipartisan retirement bill has perks for seniors and savers shouldering student debt. The legislation, proposed by House lawmakers…
Nigeria Receives $26.9bn Foreign Support In Six Years — Minister
The funds came from the UN, EU, USA, China, Japan and others. Clement Agba, the Minister of State for Budget…
Nigerian Govt Declares Thursday Public Holiday To Mark Islamic Festival
The federal government has declared Thursday, October 29, a public holiday across Nigeria. This was disclosed by the interior minister,…
Sterling Rises As Dollar Weakens; Brexit Talks In Focus
Sterling rose 0.4% on Tuesday afternoon on a weak U.S. dollar, while rising hopes of a trade deal between the…
Dollar Dips After Previous Gains Amid COVID-19, Election Uncertainty
The U.S. dollar slipped on Tuesday as investors took some profits after the previous session’s gains that also saw a…
Morgan Stanley Says It’s Time To Go ‘All-In’ On Emerging Market Currencies
LONDON — It is time for investors to position for a year-end rally in emerging market currencies and sovereign credit, Morgan…
Nigerian Govt Announces Committee To Create Jobs As Nationwide Rampage Continues
The National Executive Council (NEC) has set up a committee charged with addressing unemployment and national security in the country.…
Canadian Dollar Strengthens As Global Risk Aversion Subsides
The Canadian dollar strengthened against its U.S. counterpart on Tuesday as stocks and oil prices rose, with the currency rebounding…
Investors Blame Government For Slow Capital Market Development
Capital market investors have blamed the government for the slow pace of the development of the nation’s capital market. The…
Pound Traders See Gains Before U.S. Vote As Brexit Still Elusive
The pound looks poised for gains ahead of U.S elections, yet whether it can maintain momentum after the vote is…
Shippers’ Council Seeks Waiver Of Demurrage For Importers
Following clearing agents outcry against the imposition of demurrage on cargoes that were trapped at the ports during the EndSARS…
JPMorgan Creates New Unit For Blockchain Projects, Says The Technology Is Close To Making Money
After years of hype with little to show for it, blockchain technology is on the cusp of a breakthrough: making…
Alphabet, Facebook And Other Tech Giants Could Benefit From Surprise Ad Rebound In Q3, Analysts Predict
A surprisingly fast recovery for the advertising market could help tech company earnings later this week. Analysts expect Facebook, Twitter,…