NNPC Reduced Losses By 99.7% In 2019
Barely five months after publishing its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation (NNPC), has released its 2019…
Year: 2020
With 13.71% Inflation, Analysts List Ways to Grow Economy
Analysts yesterday called on the federal government to leverage on the COVID-19 pandemic and incentivise local food production, especially agribusiness,…
‘CBN Did Not Enter Into Any Trade Agreement With Zamfara’
The state government explained that it does not directly mine the gold for itself, but purchases the gold from the…
Hundreds Of Trucks Parked At Borders Stall African Trade Pact
Hundreds of trucks have been parked at Benin’s border for more than a year since its eastern neighbor Nigeria abruptly…
339 Foreign, Local Firms Bid To Sell Nigeria’s Crude Oil Grades
At least 339 crude oil trading companies applied for the sale and purchase of Nigerian crude oil grades contracts spanning…
Sterling Edges Up Ahead Of UK Decision On Brexit Negotiations
Sterling rose slightly on Friday but was still on track to end the week on a loss, as markets waited…
Forex, Infrastructure Hindering Readiness for Continental Trade – NACCIMA
The Nigerian Chamber of Commerce, Industry, Mines and Agriculture says access to forex, irregular electricity supply and poor infrastructure are…
Ecobank Organises Diaspora Summit; Showcases Remittance Products for Nigerians Overseas
Ecobank Nigeria has announced that it is providing financial services and remittance solutions designed to support and enhance the lifestyles…
You Can’t Control Minerals, FG Tells States
The Federal Government on Thursday told state governments that they could not control the mineral deposits in their various domains.…
Naira Gains 0.04% At Investors’ Window, Bitcoin Loses 0.13%
Despite the sharp rise in the demand for forex at the Investors and Exporters (I&E) segment of the market on…
I’m Not Aware Of Waiver For Foreign Vessels – Amaechi
The Minister of Transport, Rotimi Amaechi, has dismissed claims that he had knowledge of waiver granted to foreign vessels operators…
Court Vacates N24b Order Against Central Bank Of Nigeria
A Federal High Court in Abuja has set aside an order against the Central Bank of Nigeria (CBN) in respect…
ECB Chief Says Arsenal Of Economic Stimulus On Standby Amid Upsurge Of Coronavirus Cases In Europe
LONDON — European Central Bank President Christine Lagarde on Thursday said her organization would be prepared to impose further emergency…
Nigeria: Despite #EndSARS Protests, Investors Gain N121 Billion in Equities Trading
Investors this week gained N121 billion on the Nigerian equities market, in a trading week marred by #EndSARS protests in…
Nigeria: Border Closure Boosts Rice Sufficiency, Manufacturing, Says FG
The Federal Government on Thursday said the closure of Nigeria’s land borders was good for the economy as the country…
The Turkish Lira Is Getting Smoked, Will Crash To New Lows Due To ‘Unorthodox’ Policies, Analysts Say
Turkish policies have become too ‘hard-headed’, says professor Turkey’s embattled currency hit another record low on Thursday, touching 7.95 to…
Protesters March On Nigerian Parliament After Army Threatens To Step In
Hundreds of protesters marched to the gates of Nigeria’s parliament on Thursday, hours after the army said it was ready…
Exclusive: OPEC+ Fears Second Virus Wave Could Lead To Oil Surplus In 2021
OPEC and its allies fear a prolonged second wave of the COVID-19 pandemic and a jump in Libyan output could…
Bankrupt Car Rental Firm Hertz Secures $1.65 Billion In Financing, Shares Soar
Bankrupt car rental company Hertz Global Holdings Inc said on Friday it had lined up $1.65 billion in debtor-in-possession financing,…
Brexit Brinkmanship: Johnson Says Prepare For No-Deal, Cancels Trade Talks
Prime Minister Boris Johnson said on Friday it was now time to prepare for a no-trade deal Brexit unless the…
BioMed Valued At $14.6 Billion In Deal For Sale From One Blackstone Fund To Another
Blackstone Real Estate Partners and co-investors have agreed to sell BioMed Realty for $14.6 billion to a group led by…
Morgan Stanley Dares To Share With Bankers’ Pay
Morgan Stanley is making more, and paying more. Logical as that sounds, it’s also rather daring. Handing over big sums…
Sudan Signs Preliminary Deal With GE To Boost Power Provision
The Sudanese government signed a memorandum of understanding with General Electric GE.N on Thursday aimed at increasing power generation by up…
Exclusive: Second Sovereign Downgrade Wave Coming, Major Nations At Risk – S&P Global
Some of the world’s top economies could see their credit ratings cut or put on downgrade warnings in the coming…
Wall Street Bank Trading Boom Does Little To Assuage Concerns About Lending
As Wall Street banks reported quarterly results this week, investors wondered about the staying power of the trading bonanza that…
Banking Czar, Jim Ovia Acquires $10.5m Apartments, Guest House For His Sons
Jim Ovia perfected the money attitude while his peers cut their first tooth in banking. He was the enthralling magnate,…
Investors Mobilise For Legal Battle As AgroPark, Again, Postpones Payout To 2021
AgroPark, another agri-investment platform, has left investors spoiling for a legal battle after it sent a letter informing them, for…
Stripe Acquires Nigeria’s Paystack For $200M+ To Expand Into The African Continent
When Stripe announced earlier this month year that it had picked up another $600 million in funding, it said one…
Twitter’s Jack Dorsey Urges Bitcoin Donations To Fight Police Brutality In Nigeria
The CEO of Twitter and Square has urged Bitcoiners to join the fight to end the Special Anti-Robbery Squad (SARS)…