CBN, Shippers’ Council Read Riot Act To Shipping Firms
Governor of the Central Bank of Nigeria (CBN) says the bank has discovered that several shipping companies in Nigeria were…
Year: 2020
Foreigners Are Perpetrating Illegal Mining In Nigeria-Minister
Mr Olamilekan Adegbite, the Minister of Mines and Steel Development says perpetrators of illegal mining in Nigeria are mostly foreigners.…
China Is Snapping Up Japanese Government Bonds, And It’s Not Just For The Returns
SINGAPORE — China’s recent purchase of Japanese government bonds surged to the highest level in more than three years –…
Dollar Strengthens As Vaccine, Stimulus Hopes Dim
The U.S. dollar strengthened on Tuesday as investors turned cautious after a Johnson & Johnson COVID-19 study was paused and…
Sterling Bounces On Hope Of Further Brexit Talks
Sterling climbed from the day’s lows on Wednesday after a source close to the EU-UK Brexit talks said a trade…
Maize Importation: CBN Saves Nigeria From Food Crisis, Farmers Say
The recent importation of 262,000 metric tons of maize has saved Nigeria from a food crisis, poultry farmers in Nigeria…
NNPC, IDSL Chart Path To Achieving $10 Production Cost By 2021
The Nigerian National Petroleum Corporation (NNPC) and its subsidiary, the Integrated Data Services Limited (IDSL) said they are continuing the…
Nigeria: Agitations Spread Nationwide
Lawyers join SARS protests • Don’t use live bullets, NBA warns police • Makinde’s deputy, Oyo lawmaker victims of brutality, join march • OPC demands seeks compensation for slain members since Abacha’s regime • Inspector General summons defunct SARS personnel to Abuja.
IMF Predicts Rise In Bad Loans Over COVID-19 Pandemic
THE International Monetary Fund (IMF) has predicted capital shortage for many commercial banks across the globe due to rise in…
Naira Weakens At Black Market As External Reserves Loses $42 Million In 1 Week
Nigeria’s exchange rate at the NAFEX window remained stable agai nst the dollar to close at N386/$1 during intraday trading…
$100m Fund For SMEs In Nigeria, Others
A$100 million small and growing businesses (SGB) to support entrepreneurship is opened for business owners to access. First of its…
Businessman Commends FG on Onitsha Port
The Chairman and Managing Director of DAS Energy Services, Effurun, Delta State, Chief Sunny Onuesoke has commended the federal government…
Value Of Naira To Dollar At Parallel Market Falls To N461/$1
The value of the Nigerian Naira to the United States Dollar at the parallel market depreciated by N1 on Tuesday…
Dollar Holds On To Gains; Euro Touches Nine-Day Low
The dollar index held its recent gains on Wednesday and the euro touched a nine-day low, as global equity markets…
UK Resists National Lockdown Despite Study Suggesting It Could Save Lives
The British government on Wednesday resisted a short lockdown for all of England, despite calls from the opposition to shut…
Kidnappings By Pirates Up 40% In Gulf Of Guinea: IMB
Kidnappings rose by 40% in the Gulf of Guinea in the first nine months of this year, and the region…
Dollar Holds Gains As Uncertainty Weighs On Market Sentiment
The U.S. dollar held on to gains against most currencies on Wednesday as renewed questions about a coronavirus vaccine and…
FG Moves To Ease Congestion On Arrival At Airports, Introduces New Online Procedure
The Federal Government says that air passengers wishing to come into Nigeria, will not be allowed to board aircraft without…
Federal Govt Won’t Seek Relief From N31tr Debt
Nigeria will not apply for debt relief to get out of its crippling N31 trillion debt burden, according to Finance,…
Stockbrokers To Set Blueprint For Economic Revival
Stockbrokers in Nigeria are warming up to prepare a roadmap on how the federal government can leverage the capital market…
Kanye West And Other Stars Join Global Protests Over Police Brutality In Nigeria
US rapper Kanye West has joined a growing list of international celebrities speaking out in support of large protests against…
Digital Thieves Are Hacking Brokerage Accounts: Is Your Money Safe?
Some Robinhood customers say their money was looted, suggesting online stock trading may be less secure than investors hoped. By Charlie…
Brexit Economic Disruption ‘Unavoidable’ With The Worst To Come
UK firms risk collapse on a “significant” scale if Brexit leaves them struggling to raise cash in the sectors most…
Thousands Of Nigerians Demand Police Overhaul For Sixth Day
Thousands of people across Nigeria have taken to the streets for a sixth straight day to protest against police brutality,…
Across Africa, Crude’s Covid Crunch Sends Many Projects Into Turmoil
Many oil and gas projects across the continent have been delayed or cancelled due to the challenges of low prices…
Dropbox Is The Latest San Francisco Tech Company To Make Remote Work Permanent
San Francisco-based Dropbox announced Tuesday that it will stop asking employees to come into its offices and instead make remote work the standard practice,…
Apple’s Full-Size iPhone 12 Costs At Least $100 More Than Last Year’s iPhone 11
Apple announced new iPhones Tuesday in a video presentation just over an hour long covering the new devices’ faster chips, 5G speeds and…
Here’s Everything Apple Just Announced At Its iPhone 12 Event
Apple just wrapped up its big iPhone 12 event, where it announced four new iPhone 12 models, all of which support…
Fauci: Trump’s Rapid Recovery From Covid-19, While Welcome, ‘Amplifies’ Public Misunderstanding Of Disease
Health officials have struggled to convey the seriousness of Covid-19 to many Americans. President Trump’s rapid recovery from the disease,…
African Debt: At Some Point, The Hole Becomes Just Too Big To Fill
The rapidly deteriorating financial crisis in Lebanon provides a grim preview to other developing countries of what happens when the…