Nigeria To Bar Vessels Without Licences From Operating In Nigerian Waters
Nigeria plans to bar vessels without a valid licence to operate in Nigerian waters and has given shipping companies that…
Year: 2020
$10 Billion Is Lost Annually To Illegal Fishing
The Minister for Transportation, Mr. Rotimi Amechi, has revealed that US$10 billion is lost annually to illegal fishing, stating that…
Sterling Slightly Weaker Vs Euro, Focus Remains On Brexit
Sterling fell against the euro on Monday, although not by much, and most analysts say they now expect Britain and…
Oil Firms’ Debts Near N5tn Amid Price Collapse
The debts owed by oil and gas companies to Nigerian banks rose by N90bn in the second quarter of this…
Record-Breaking $86bn Debt Leaves Nigerians Stunned
Nigeria’s debt of $85.9 billion, the highest in history, has become the talking point even as the country celebrates its…
Foreign Venture Capital Firms Killing Nigerian Businesses, Group Cries Out
The Business Founder Coalition (BFC), which is made up of Nigerian entrepreneurs has cried out to the federal government to…
CBN: Nigeria’s Foreign Reserve To Drop Below $34.3bn By December
The Central Bank of Nigeria (CBN) says Nigeria’s foreign reserves will drop below $34.3 billion by the end of December…
AfCFTA – Rules Of Origin Negotiations At Concluding Stages
The Acting Director General of the Nigerian office of Trade Negotiations, Liman Victor Liman has said that his office has…
€85 Mn Of Cargo Thefts From Supply Chains In EMEA In H1 2020: TAPA
Over €85 million of products were stolen from air, road, sea and rail freight supply chains in 46 countries in…
NSE Set To Launch West Africa’s First Exchange Traded Derivatives
There are indications that the launch of West Africa’s first Exchange Traded Derivatives (ETDs) on the Nigerian Stock Exchange, NSE…
Commissioner Seeks Quick Transfer Of Deceased Persons’ Assets
The Lagos State Attorney General and Commissioner for Justice, Mr Moyosore Onigbanjo (SAN), has urged relatives of deceased persons to…
China’s Tech Giants Face ‘New Business Realities’ Across The World
GUANGZHOU, China — China’s technology giants — like their U.S. counterparts — have seen business thrive during the coronavirus pandemic.…
Dow Futures Rise In Overnight Trading As Investors Monitor Trump’s Health
Stock futures rose in early morning trading on Monday as investors brace for another volatile week with President Donald Trump’s…
CBN, BDCs Reinforce Commitment To Exchange Rate Stability
The attempt to see all Bureaux De Change (BDCs) operators as weakest link in fight against illicit financial flow has…
A Record 3 Trillion Euros Is Looking For A Home
Banks rushing to benefit from the European Central Bank’s cheap-loans facility have helped push excess cash in the euro area…
Oil Prices Likely To Continue To Struggle In The Fourth Quarter As Demand Lags
Oil prices are expected to rise just slightly in the final quarter of the year, held back from further gains…
Nigeria Accounts For 80% Capital Flight In West Africa
The United Nations Conference on Trade and Development has released a report decrying the illicit financial flows from Africa, saying…
British Pound Is Set To Break Out Stable Range
After weeks of treading water, the pound is gearing up to break out of a tight trading range. The big…
Why Nigeria Must Restructure Or Risk Breakup
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has advised the Federal Government to give…
Raise Your Glass! This Nigerian Company Wants To Change How Locally Made Gin Or ‘Ogogoro’ Is Perceived
Lagos, Nigeria (CNN)Ogogoro is a West African alcoholic drink extracted locally from palm trees often served to guests or consumed…
Chevron Nigeria To Cut 25% Of Workforce As Oil Demand Wobbles
Nigeria’s Chevron unit said it plans to cut 25% of its workforce to become more efficient and reduce operating costs,…
West Africa’s New Currency Could Now Be Delayed By Five Years
The arrival of West Africa’s new flagship common currency, the eco, could now be up to five years away after…
Facebook Rebuts ‘The Social Dilemma,’ A Popular Netflix Documentary
Facebook on Friday offered a rebuttal to the hit Netflix documentary-drama, “The Social Dilemma.” The movie revealed, perhaps for the…
Tesla Delivered 139,300 Vehicles In Q3
Tesla said Friday it delivered 139,300 vehicles in the third quarter, and produced 145,036 vehicles. That sets a new quarterly…
Pelosi Asks Airlines To Pause Furloughs, Vowing Additional Aid, But No Deal Yet
Airline stocks rallied Friday after House Speaker Nancy Pelosi vowed additional aid for the battered sector but an attempt by…
Trump ‘Doing Very Well,’ Has Started Remdesivir Therapy, White House Physician Says
President Donald Trump was taken to Walter Reed Medical Center on Friday “out of an abundance of caution” following his…
Trader Art Cashin On The Sell-Off And What Trump’s Coronavirus Diagnosis Means For Markets
Wall Street veteran Art Cashin on Friday weighed in on the market impact of President Donald Trump’s coronavirus diagnosis, telling…
Ford’s Q3 Vehicle Sales Outperform Industry As Demand Recovers From Coronavirus Lockdowns
Ford said its third-quarter sales were up 27% relative to the previous three months. It also reported its best third…
Hot IPO Snowflake Gets Another Bearish Analyst Rating
Another Wall Street firm said Thursday that one of the year’s biggest IPO pops went too far. Jefferies initiated coverage…
Buhari: It Makes No Sense To Sell Petrol Below Saudi’s N168/Per Litre
President Muhammadu Buhari, on Thursday morning, said it makes no sense for petrol to be cheaper in Nigeria than Saudi…