World Bank Sees Sub-Saharan Africa’s GDP Rebounding In 2021
Sub-Saharan Africa will probably reverse an economic contraction next year as countries in the region begin to ease…
Yearly Archives
2020
CBN Disburses $13.99bn Forex In Six Months
The Central Bank of Nigeria supplied $13.99bn into the market between January and June.
The bank disclosed this…
Oil Rises Above $42 On Supply Losses, U.S. Stimulus Hopes
Oil rose above $42 a barrel on Thursday, supported by output shutdowns in the U.S. Gulf of Mexico and the prospect…
Dubai-Bound Passenger Held With 5,342 ATM Cards
A man has been arrested with 5,342 Automated Teller Machine (ATM) cards at the Aminu Kano International Airport,…
Europe’s Major Economies Predict More Dire Declines To Come As Coronavirus Rages
LONDON — Major European economies are downgrading already dire economic forecasts on the back of a second wave of…
Analysts Fault Fitch’s Stable Outlook On Nigeria
Analysts at Afrinvest Securities have faulted the recent upgrade of Nigeria’s macroeconomic outlook to stable by…
Naira Stable At Investors Window Amid 0.5% Rise In FX Demand
The value of the Naira against the Dollar at the Investors and Exporters (I&E) segment of the foreign exchange…
Billionaire Wealth Smashes Records During COVID-19
Global billionaire wealth smashed record levels during COVID-19 breaching the $10tn (£7.7tn) mark for the first…
Nikola Founder Trevor Milton Sues Utah Businessman For Defamation Over Tweets…
Nikola founder Trevor Milton has sued a Utah businessman for defamation, accusing him of a “malicious campaign to…
Fed’s Kashkari Warns That Delaying Stimulus Will Have ‘Enormous Consequences’
Minneapolis Federal Reserve President Neel Kashkari became the latest central banker to warn against not getting…
Worries Over $2b Forex Demand Backlog – Nigeria
Fitch Ratings has expressed concerns about the state of the naira and rising forex demand backlog estimated at $2…
Investors Gain N297bn As 36 Stocks Push Market Higher
Investors in the Nigerian equity market gained N297bn on Monday as 36 firms recorded price appreciation at the end…
Nigeria Aims To Revamp Refineries, End Oil-For-Fuel Swaps
Nigeria aims to end the country’s so-called oil-for-fuel swaps system in the near future and rely instead on oil…
Dollar Weaker As U.S. Fiscal Stimulus Hopes Lift Risk Appetite
The dollar was on the defensive against most currencies on Tuesday as rising optimism that U.S. lawmakers could…
F.G Considers Tax Holiday For Maritime To Cushion COVID-19 Effect
Poised to stimulate investment and boost activities amid the downturn induced by COVID-19, the Federal Ministry of…
Nigeria Battles Covid-19 With New Small Business Support Fund
Nigeria will help cushion small business owners impacted by the coronvirus with grants from a 75 billion naira…
The Plantation City In Warri Enters Nigeria’s Premium Real Estate Market
Nigeria's real estate hubs are listed as Lagos, Abuja and Port Harcourt. Well, that was before The Plantation City,…
2021 Budget: Expert Tasks FG On Monitoring, Evaluation For Enhanced Performance
A financial expert, Dr Glenn Prince-Abbi, on Monday urged the Federal Government to map out strategies for proper…
Foreign Reserves Face Further Decline As Export Revenue Crisis Worsens
Nigeria’s international reserves, which opened at $38.100bn in January, 2020 may face further decline before the…
Nigeria’s Foreign Borrowings Surge By Over 400% In 10 Years
Nigeria's foreign borrowing in the past 10 years has ballooned more than five-folds, an analysis by TheCable has…
Sterling Tops $1.30 As Investors Push Back Negative Rate Expectations
Sterling climbed above $1.30 on Tuesday for the first time in three weeks as investors pushed back expectations for…
Bank Offers Salary Advance To Non-Customers
Polaris Bank has re-launched its popular Salary Advance with an added capability of enabling non-account holders to…
IATA: COVID-19 Will Dip Africa’s GDP By $37b
The International Air Transport Association (IATA) has warned that the damage being done to the African aviation…
Oil Prices Rebound As Investors Watch Trump’s Health Condition Following His…
SINGAPORE — Oil prices saw a rebound in Monday trade following a Friday drop as investors continue to watch for…
Capital Market Calls For Review Of Economic Architecture
LEADING capital market experts and financiers have called for a comprehensive review of economic architecture to…
Nigeria Widens Markets’ Depth With Central Counterparty Clearing Houses
NIGERIA’s apex capital market regulator, Securities and Exchange Commission (SEC), has granted approval to NG…
Nigeria Is African Market With Greatest Online Potential, Say SBC Digital Summit…
The dollar index slipped slightly on Monday but was little changed from Friday’s close as financial markets waited…
Saudi Arabia Pegs Budget To Oil At Around $50, Goldman Says
Saudi Arabia’s Finance Ministry is budgeting for oil prices to be around $50 a barrel for the next three years,…
Nigerian Police Personnel Banned From Searching Phones, Laptops
Nigeria’s Inspector general of police Mohammed Adamu on Sunday banned personnel of the police from indiscriminate…
Dollar Holds Breath Waiting For Trump Health Updates, Fiscal Package
The dollar index slipped slightly on Monday but was little changed from Friday’s close as financial markets waited…