Dollar Up Despite Lingering Optimism Over U.S. Stimulus Measures
The dollar was up on Tuesday morning in Asia, despite edging closer to three-week lows and some investors stubbornly holding…
Year: 2020
Australian Dollar Hit As China Turns Back On Coal Imports
The Australian dollar fell about 0.5% on Tuesday after reports that China has halted coal imports from the country as…
UPDATE 1-Nigeria’s Police Vow To Stop Using Force Against Protesters In Wake Of Deaths
Nigeria’s police agreed to stop using force against protesters who accuse them of brutality, the presidency said on Tuesday, a…
Customs Generates N13.11 Billion From Onne Port
The Nigeria Customs Service (NCS), Area II Command, Onne Port, Rivers State, said it generated over N13.11 billion for the…
Don’t Rely On Oil Revenue In 2021 Budget, OPS Tells Govt
The Organised Private Sector (OPS) of the Nigerian economy has called on the federal government not to rely much on…
Oil Be There For You
While COVID-19 has wrought havoc on Nigeria’s oil and gas industry, it may have also brought currents of change paving…
UK’s Boris Johnson Outlines Tiered System Of Local Lockdowns, Dividing The Country With Stricter Measures
LONDON — The British government has outlined further restrictive measures for England, including a three-tier system of local lockdowns, as…
Goldman Says A Biden Win Could Be A ‘Positive Catalyst’ For Oil Prices
Oil pipelines, pumping rigs, and electrical transmission lines dot the landscape along California’s “Petroleum Highway” (Highway 33) running along the…
China Moves To Curb Yuan Strength, Making It Cheaper To Bet Against The Currency
The weakness was triggered after the central bank changed rules on Saturday that made it cheaper for traders to short…
Farmers Back CBN’s Policy On Repatriation Of Export Proceeds
The Federation of Agricultural Commodity Associations of Nigeria (FACAN) said it is in total support of the Central Bank of…
A Seamless Experience Across The World During COVID-19 Pandemic
I returned to the country recently amidst publicized frustration with the Nigeria International Travel Portal the Presidential Task Force on…
Dangote Refinery, Others Threaten Existing Plants – OPEC
New refining capacities expected to come on stream in Nigeria and other African countries in the next few years may…
Nigeria’s Delayed Oil Bill To Get Lawmakers’ Backing, Kyari Says
The head of Nigeria’s state oil company expressed confidence that the nation’s long-delayed oil and gas industry reforms will be…
DPR Upbeat About Oil Reserve, FDI Inflow
The Department of Petroleum Resources (DPR) has restated its belief in a brighter future for Nigeria’s oil and gas industry.…
GTBank Increases International Monthly Spending Limit To $200
Guaranty Trust Bank (GTBank) has increased its monthly spending limit on the GTBank Naira Mastercard for international transactions to $200.…
Naira Trades Weaker At N460/$1 At Black Market
The Naira finished weaker against the US Dollar at the parallel market on Monday, October 12 by N3 or 0.66…
CBN Extends AGSMEIS Loans To 14,638 Applicants
The Central Bank of Nigeria has said it is extending its Agri-Business/Small and Medium Enterprise Investment Scheme loans to 14,638…
Exchange Rate Falls Across Forex Markets As Dollar Supply Drops
Exchange rate depreciates at NAFEX window as forex liquidity drops further by 57%, Central Bank Continues intervention in Forex market…
NPA Generates N1tn Revenue In Four Years
The Nigerian Ports Authority has generated a revenue of N1.02tn in the space of three years under the tenure of…
OPEC: Global Crude Oil Demand To Peak In 25 Years
The Organisation of Petroleum Exporting Countries (OPEC) has projected that despite the growing need for renewables as a source of…
Imminent Supply Can’t Weaken Demand For Euro Zone Bonds
Government bond yields in the euro area held near recent lows on Tuesday, with even hefty supply failing to put…
UK Jobless Rate Hits 4.5% As Work-Protection Plan Nears End
Britain’s unemployment rate rose by more than expected in the three months to August, before the end of the government’s…
Dollar Bounces Back, Yuan Slips After China Appears To Keep A Tab On Its Currency
The dollar bounced back from a three-week low on Tuesday as market players bought it back, particularly against riskier peers,…
FGN Proposes Unprecedented Deficit To Drive Economic Recovery
2021 Budget of Economic Recovery and Resilience President Muhammadu Buhari presented the 2021 proposed budget, titled the Budget of Economic…
Protesters Invade Police Station, Release Kidnap Suspects
The protest turned violent in the Surulere area of Lagos as protesters besieged the Anti Kidnapping Unit of the Command,…
IMF And World Bank Must Lend More To Africa’s Stricken Economies, Critics Say
Multilateral institutions like the World Bank and the IMF have come under fire from African ministers and economists who say…
Nigeria’s 2021 Budget Of Economic Recovery And Resilience
Following the approval of the 2021 – 2023 Medium-Term Expenditure Framework and Fiscal Strategy Paper, President Buhari has presented the…
A Budget Of Many Spurious Assumptions
Increasingly, Nigeria’s yearly appropriations are gaining more weight. The 2021 estimate President Muhammadu Buhari presented to the National Assembly last…
Leverage Agriculture To Boost Foreign Exchange Earnings, NBCC President Advises
President of the Nigerian-Belgium Chamber of Commerce (NBCC), Timi Austen-Peters, has said that the potential in the agriculture sector can…
Liverpool Businesses Ordered Shut As ‘Traffic Light’ Lockdown System Confirmed
Pubs and bars in Liverpool face closure from Wednesday, after UK prime minister Boris Johnson announced tougher new restrictions to…