Clearing Agents Fret Over Non-Refund Of Rent Waivers
Seven months after the Federal Government directed waivers on rent at the seaports due to the effects of COVID-19 lockdown,…
Year: 2020
NDIC: Rising Public Debt, Bad Loans Threat To Financial Stability
The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has said the rising public debt stock as…
Lagos Suspends State Activities For 3 Days Over #EndSARS
n view of the current situation in Lagos State and the nation at the moment, Governor Babajide Sanwo-Olu has directed…
Sterling Jumps 1.7% As Brexit Talks Resume
Sterling soared on Wednesday to a six-week high and 1.7% on the day against the U.S. dollar after a Bloomberg…
Sunak Says Of Soaring Borrowing: Things Could Have Been Far Worse
After statistics showed state borrowing had soared while tax receipts had fallen, British finance minister Rishi Sunak said on Wednesday…
Dollar Down, Trump Willing To Go Bigger On Stimulus Than Democrats
Investing.com – The dollar was down on Wednesday morning in Asia over continued optimism over the U.S. Congress passing the…
New Terminal To Offload 5,000 Containers From Apapa, Ease Congestion
There appears a sigh of relief for importers from the traffic gridlock experienced on the Apapa and Tin Can Island…
Nigerian Protesters Defy Curfew After Deadly Crackdown
Hundreds of young Nigerians defied a lockdown and returned to the streets of Lagos, Africa’s most populous city, a day…
FG Excludes Foreign Firms From Contracts Below N5bn
The Federal Government on Tuesday declared that contracts not above N5bn would no longer be awarded to any foreign firms…
House Gives CBN Deadline To Unfreeze Over 5,000 Accounts
The House of Representatives has called on the Central Bank of Nigeria (CBN) to review its decisions that led to…
Nigeria President Calls For Calm Amid Reports Of Protesters Shot Dead In Lagos
Demonstrators against police brutality reportedly killed after security forces opened fire BY Emmanuel Akinwotu in Lagos and Jason Burke Africa…
Nigeria Sovereign Eurobonds Fall After Soldiers Fire On Protesters
Nigeria sovereign Eurobonds fell more than 2 cents on the dollar on Wednesday after soldiers fired at protesters a day…
Oil Price Rises To $43
Oil gained more than one per cent on Tuesday on the prospect the United States nearing a deal on coronavirus…
Nigeria Pays Oil Majors $3 Billion For Past Operational Dues
Nigeria reimbursed oil companies including Exxon Mobil Corp. and Royal Dutch Shell Plc $3 billion, moving closer to clearing operating…
The Political Awakening Of Nigeria’s Youth
On the 1st of October 2020, Nigeria marked 60 years of independence from British colonial rule. But rather than a…
Biotech Cowpea May Fetch Nigeria $638m In Six Years
The Open Forum on Agricultural Biotechnology (OFAB), a biotechnology informative platform, says Nigeria could rake in $638 million in six…
Amnesty: Credible Reports Protesters Shot Dead In Nigeria
LAGOS, Nigeria (AP) — Amnesty International said late Tuesday there was “credible but disturbing evidence” that security forces in the…
CBN Orders Banks To Clamp Down On COVID-19 Financial Crimes
The Central Bank of Nigeria has advised all banks to update alert protocols in their Anti-Money Laundering/Combating the Financing of…
Nigeria Stock Market Records N4bn Growth
The Nigerian Stock Exchange (NSE) market indices on Tuesday recorded a marginal growth of 0.03 per cent following gains by…
Epic S&P 500 Rally Is Powered By Assets You Can’t See Or Touch
Take all the physical assets owned by all the companies in the S&P 500, all the cars and office buildings…
Uber Says Engineer Is On His Own For $180 Million To Google
Uber Technologies Inc. says a guilty plea by its former star engineer is proof that he’s a liar — and…
Nigeria Unrest: Protesters ‘Shot’ In Lagos As Millions Put Under Curfew
Protesters have come under gunfire in Nigeria’s biggest city, Lagos, eyewitnesses and local media say, amid continuing anger over police…
Gunfire In Nigeria’s Lagos As Curfew Imposed: Witnesses
Footage posted on social media shows several hundred people out demonstrating, in defiance of a curfew imposed hours earlier by…
End SARS: US Embassy Shuts Consulate General, Tells Citizens What To Do
United States Embassy and Consulate in Nigeria has warned American citizens to avoid areas around protests and demonstrations. The Embassy…
Pound In Focus As UK Rebuffs EU Offer To Intensify Talks
A UK minister said there was “no point” in intensified Brexit talks without the EU changing its stance, rebuffing an…
Reps Give CBN 48 Hours Ultimatum To Review Frozen Accounts
The House of Representatives has asked the Central Bank of Nigeria (CBN) to within 48 hours commence a review of…
Naira Slides To N460 As BDCs Receive Over $50m Amid EndSARS Protest
Nigeria’s currency on Tuesday exchanged with the dollar at N460, depreciating by N1.00k from N459 it stood since last week…
Delta Airlines Cancels Two More Flights Over #EndSARS Protests In Nigeria
The airline cancelled Flight 248 from Atlanta, United States, to Lagos, Nigeria, and Flight 249 from Lagos to Atlanta scheduled…
Nigeria Pays Oil Majors $3 Billion, Moving Closer To Ending Arrears Due
Nigeria reimbursed oil companies including Exxon Mobil Corp. and Royal Dutch Shell Plc $3 billion, moving closer to clearing operating…
CBN Raises Red Flag Over COVID-19 Financing
The Central Bank of Nigeria has advised all financial institutions to be abreast with emerging risks and other developments while…