Sterling Slips Back Below $1.31; Steady Versus Euro
The pound fell versus the dollar on Thursday, but was steady against the euro, stabilising after cable surged to six…
Year: 2020
IMF Expresses Concern Over Civil Unrest In Nigeria, Seeks Immediate Resolution
The International Monetary Fund (IMF) has expressed concern about the current unrest and attacks by hoodlums in Nigeria, especially in…
Oil Holds Near $40 A Barrel After Biggest Decline In Two Weeks
Oil held near $40 a barrel in New York after the biggest drop in two weeks on Wednesday following a…
Siberian Gold Deposit Has World’s Largest Reserves
Polyus PJSC, Russia’s largest gold producer, said its untapped Sukhoi Log deposit in Siberia holds the world’s biggest reserves. An…
Lekki Tollgate Security Cameras Not Removed, Says Sanwo-Olu
Governor Babajide Sanwo-Olu has debunked claims that security cameras at the Lekki Tollgate were removed Tuesday before the soldiers who…
FG Calls For Cooperation In Monitoring Illegal Minerals Trans-Border Trade
The Federal Government has called for collaboration of West African leaders in monitoring and halting illegal trans-border trade of solid…
Sterling Holds Near New Highs As Brexit Talks Restart
The pound slipped slightly on Thursday, but held close to six-week highs it touched on the previous day after news…
World Bank’s Advise On High Dollar Demand
The recent statement by the World Bank to the effect that the Central Bank of Nigeria (CBN) must ramp up…
Winners And Losers In Africa
Which countries will be Africa’s winners and losers at the end of the Covid-19-induced recession? We believe it makes sense…
12 Million People In Britain Will Struggle To Pay Bills, Watchdog Says
Some 12 million people in Britain are likely to struggle with bills and loan repayments as the COVID-19 pandemic continues…
Dollar Steadies Above Seven-Week Lows As Markets Await Clarity On U.S. Stimulus
The dollar was steady above seven-week lows on Thursday, gaining some respite as hopes of a fiscal package in the…
UN Condemns Lekki Killings, Calls For Reform Of Security Forces
The UN High Commissioner for Human Rights Michelle Bachelet on Wednesday strongly condemned the use of excessive and disproportionate force…
Currency In Circulation Rose To N2.426tn In September – CBN
Currency in circulation rose by N56.44bn in one month from N2.369tn as of the end of August to N2.426tn as…
Stakeholders Seek Improvement In Diaspora Remittances
Financial experts have said that Nigeria can attract high inflow and volume of Diaspora remittances with proper engagement and transparent…
Stock Market Loses N113bn As Investor Confidence Dampens
The stock market lost N113 billion yesterday as investors’ appetite, which has been high for days became dampened due to…
5,000bpd Imo Modular Refinery Ready For Operations – DPR
The 5,000 barrels per day Waltersmith Modular Refinery project in Imo State is ready for operations, the Department of Petroleum…
Hoodlums Take Over Lagos, Torch Public, Private Assets
Despite the 24-hour curfew imposed by the Lagos State Governor, Mr. Babajide-Sanwo-Olu, to curb the spread of violence arising from…
Nigerian Military Offered Wednesday To Deploy In Lagos If Needed – Governor
The Nigerian military offered on Wednesday to deploy in Lagos state if needed amid protests, the governor said on Thursday.…
Delta Imposes 48hrs Curfew, To Commence 6 Pm Today
The Delta State government has imposed a 48-hour curfew on the entire state commencing 6:00 p.m today, Thursday. Governor of…
AU Commission Condemns Killings During Nigeria Protests
Johannesburg – The AU Commission has condemned this week’s violence in Nigeria which has resulted in multiple deaths and injuries…
Lagos May Ease Curfew Friday – Sanwo-Olu
Lagos State Governor, Babajide Sanwo-Olu, has said the 24-hour curfew imposed on the state to curtail the arson and widespread…
Race Against Economic Inequality In Emerging Markets
One of the great challenges of the 21st Century is the need to reduce poverty levels and economic inequality globally.…
Oil Falls After Report Shows Surprise U.S. Crude Stockpile Gain ğ5g
Oil dropped after an industry report pointed to a surprise increase in American crude stockpiles, countering optimism over a potential…
New Export Deal To Boost Non-Oil Earnings
A Nigerian firm, Free on Board (FOB) Global Logistics, has secured a purchase order to supply 30 tonnes of yam,…
CBN Reads The Riot Act To Shipping Companies
The Central Bank of Nigeria (CBN), has flayed the non-compliance of shipping lines to the directive by the Federal Government…
The EU Makes Market History With Record Demand For Its ‘Social’ Bonds
LONDON —The European Union has made a historic debut on the bond markets as it looks to fund the region’s…
Dollar Broadly Weaker As Traders Await U.S. Stimulus Breakthrough
The dollar extended its losses against a basket of currencies to hit a seven-week low on Wednesday after U.S. President…
Nigerians Kick As Govt Makes Move To Apply For $11bn Loan To Construct Lagos-Calabar Rail Line
Nigerians have condemned the move as announced by Minister of Transportation, Chibuike Amaechi, Tuesday, that the Federal Government was set…
Bank To Commence BVN Registration For 774,000 SPW Jobs
Heritage Bank Plc has said it is set to commence the account opening with Bank Verification Numbers for the earmarked…
The Nation Newspaper Head Office On Fire
The development comes hours after the head office of Television Continental (TVC) was torched. Bola Tinubu, national leader of the…