22 Air Travellers Test Positive For Covid-19 – PTF
Health minister, Dr Osagie Ehanire, has revealed that 22 persons have tested positive for coronavirus (COVID-19), among the 1,473 persons…
Year: 2020
FG Pledges Support For Nigerians During Crisis
Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq. Federal Government on Friday reiterated its resolve…
Cut From The Same Cloth, Nigerian Waste Fabric Becomes Art
Marcellina Akpojotor weaves past thumping sewing machines, and leaves a Lagos shop with a bag brimming with discarded fabric. The…
OPEC Cuts Long-Term Forecast For Oil Demand Growth, Sees ‘Continued Disparity’ In Climate Policy
LONDON — OPEC on Thursday said it had downwardly revised its forecast for global oil demand growth over the long…
Nigerian Currency Appreciates To N457/$1 At Black Market
The Nigerian currency appreciated by N1 against its American counterpart at the parallel market on Thursday, October 8 to close…
Poor Forex Policies Discouraging Investors –LCCI
The Lagos Chamber of Commerce and Industry has said inappropriate foreign exchange policies are discouraging new capital investments. The President,…
NEPC, Operators Seek National Carrier To Boost Non-Oil Export
While building the capacity of non-oil exporters is key for market penetration, the country needs a national carrier to further…
Beware Of Fraudulent Loan Offers, Investment Schemes, CBN Warns
The Central Bank of Nigeria (CBN) yesterday warned members of the public against fraudulent messages and videos targeted at unsuspecting…
Dollar Set For Second Week Of Losses On Biden Win Bets; Yuan Gains
The dollar edged lower on Friday and was headed for a second consecutive week of losses as investors increased bets…
CBN Warns Against Fraudulent Loan Offers, Investment Schemes
The Central Bank of Nigeria has asked the public to beware of fraudulent loan offers and investment schemes. The acting…
Central Banks Want Digital Currencies That Don’t Nudge Out Cash
Central banks have identified key criteria for issuing their own digital currencies in a report from the Bank of International…
Nigeria Announces Plans For New Economic Zones To Boost Solid Minerals
The Nigerian government is working toward establishing special economic zones for solid minerals and creating a large number of employment…
FEC Approves $3.02bn Port Harcourt/Maiduguri Railway Project
The Federal Executive Council (FEC) has given the go-ahead for the rehabilitation and reconstruction of the Port Harcourt-Maiduguri Eastern Narrow…
Senate Probes CBN, NNPC, DPR, Others Over Crude Oil Exports Account
The Senate has launched investigation into the activities of the Central Bank of Nigeria (CBN), the Nigeria National Petroleum Corporation…
Nigeria’s President Buhari Is Doing Away With Petrol Subsidies
Time in nigeria sometimes seems to follow its own rhythm. When the government introduced petrol subsidies they were meant to last…
FG Signs Bilateral Air Agreement With USA, India, Morocco, Rwanda
The federal government has signed a Bilateral Air Service Agreement (BASA) with the USA, India, Morocco as well as Rwanda.…
Nigerian President Offers Record $34 Billion Budget For 2021
Nigerian President Muhammadu Buhari presented a record 13.08 trillion naira ($34.4 billion) budget for 2021 to lawmakers on Thursday, an…
Nigeria May Enter Second Recession In Four Years -Buhari
The President, Major General Muhammadu Buhari (retd.), says Nigeria’s economy may slip back into recession. Buhari spoke at the presentation…
Expert Says Forex Responsible For Hike In Petrol Price
Mr Ronke Onadeko, an expert in oil and gas, says high exchange rate of Naira to the dollar is responsible…
Buhari Presents Nigeria’s N13 Trillion 2021 Budget To Lawmakers
President Muhammadu Buhari has presented the 2021 budget estimate to a joint session of the National Assembly. The proposed expenditure…
Global Economy Will Shrink By More Than 4% In 2020
Economic experts predict that the coronavirus pandemic will result in a 4.4% contraction in the global economy in 2020. Germany’s…
Virus Wipes N939bn Off Wealth Of Nigeria’s Biggest Firms’ Shareholders, But A Recovery Is On
The biggest shareholders of Nigeria’s 30 largest firms lost a whopping sum of N939 billion combined in the first half…
Naira Stabilizes Across Forex Markets As BDCs Get Over $450m Allocation From CBN In 1 Month
The Naira remained stable against the dollar at the I&E window on Tuesday, closing at N386/$1 Nigeria’s exchange rate at…
Canadian Dollar Gains Ground As Calm Returns To Wall Street
The Canadian dollar strengthened against the greenback on Wednesday as calm returned to stock markets after they were spooked one…
US Arbitration Tribunal Frees Nigeria Of $1.5bn Liability
Nigeria has again won another international legal battle as the United States-based International Centre for Settlement of Investment Dispute ordered…
COVID-19: International Borders And Need To Keep Nigerians Safe
Nigeria’s international borders re-opened on September 5, 2020. This came months after international and land borders were shut down in…
Dollar, Yen Dip As U.S. Stimulus Hopes Help Risk-On Mood
The dollar and safe-haven Japanese yen nursed losses on Thursday, after revived hopes for U.S. fiscal stimulus improved investor sentiment,…
Container Shipping Operations From China To Onitsha Resume
Global shipping line, Maersk resumed services from China to Onne Port (by ship) this year, and this week, it has…
European Gasoline Margins Hit 7-Month High On Exports, Maintenance
European gasoline barge profit margins hit a seven-month high this week, boosted by firm export demand from West Africa and…
Worries Over $2b Forex Demand Backlog
Fitch Ratings has expressed concerns about the state of the naira and rising forex demand backlog estimated at $2 billion.…