Wonder Banks Bloom In Northern Nigeria: SEC Warns
EFCC and SEC officials after a meeting in Kano: warning about Wonder banks, Ponzi schemes Wonder banks which normally promise…
Year: 2020
Stocks Making The Biggest Moves In The Premarket: Disney, Micron, Dow Inc., GM & More
Walt Disney (DIS) – Disney is cutting 28,000 jobs in its theme parks division, as the coronavirus impacts park visits…
CBN To Move Gender Financial Inclusion Gap From 8.5% To Zero In 2024
Nigeria’s Central Bank (CBN) is planning to move financial inclusion gender gap from 8.5 percent (based on 2018 data) to…
Factbox-Key Provisions In Nigeria’s Oil Overhaul Bill
Nigeria’s oil reform bill is now with the National Assembly. Due to the political alignment of the legislature with the…
Companies Added Better Than Expected 749,000 Jobs Amid Jump In Construction, Hospitality
Companies added jobs at a faster-than-expected pace in September due in good part to a surge in manufacturing hires, according…
Illicit Transfers Hit N103tr In 15 Years
As admitted by President Muhammadu Buhari, Nigeria is struggling with illicit financial flows (IFF) as successive budgets suffer setbacks in…
Ex-Nissan Boss Carlos Ghosn Launches Business Program To Revive Lebanon’s Struggling Economy
SINGAPORE — Carlos Ghosn, the scandal-hit former CEO and chairman of Nissan who fled trial in Japan, is launching a…
United Eyes Return To JFK Next Year After A More Than 5-Year Absence
Airport in 2021, possibly early in the year, according to people familiar with the matter. The early plans are a…
Amazon Unveils A Way To Pay With Just Your Hand In Stores
Amazon wants to speed up shopping trips by letting users pay with the palm of their hand. The company on…
COVID-19: CBN Introduces Healthcare Intervention Scheme
The Central Bank of Nigeria (CBN), as part of its policy response to the COVID-19 pandemic, introduces the Healthcare Care…
Buhari Sends PIB To NASS
President Muhammadu Buhari has transmitted the long- awaited Petroleum Industry Bill (PIB) to the National Assembly for passage into law.…
UK Court Orders Refund Of Nigeria’s $200m In P&ID Case
Emefiele said the ruling follows the establishment of prima facie fraud before the court. A commercial court in London has…
Democrats’ Revised Stimulus Bill Pushes For $600 In Extra Weekly Unemployment Through January
Democrats are continuing their push to restore $600 a week in enhanced unemployment benefits, under a revised legislative proposal intended…
Joe Biden Releases 2019 Tax Returns Ahead Of Presidential Debate
WASHINGTON — Democratic presidential nominee Joe Biden and running mate Kamala Harris released their 2019 tax returns on Tuesday, just…
FG Declares October 1 Public Holiday As Nigeria Marks 60th Independence Anniversary
The Federal Government has declared Thursday, October 1, as public holiday to mark the nation’s 60th Independence Anniversary celebration. The…
Pandemic Forces A Reckoning For Restaurants Coping With Capacity Limits And New Consumer Habits
Heading into 2020, the restaurant industry was poised for another year of growth. One of operators’ biggest concerns was the…
Oil Prices Fall As COVID-19 Cases Spike
Oil prices have been falling on Tuesday as COVID-19 cases continue to rise, undermining long-term demand. The crude oil spot…
Nikola Shares Slide After Second Sexual Abuse Allegation Raises Questions About GM Deal
Nikola’s stock slid by about 7% on Tuesday after CNBC reported new sex abuse allegations against founder Trevor Milton and…
With Deregulation Nigeria’s Refineries Can Function Optimally, Petroleum Minister Assures
Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva on Tuesday said he believes the nation’s refineries have the capability…
Importers Cry Out As Duty, Demurrage Rise
Importers have decried the high cost of importing goods through the seaports. Many importers, investigation has shown, have abandoned their…
Why The US Dollar Is Only Going To Fall Faster And Harder
The US dollar slide has entered early stages of what looks to be a sharp descent, having already fallen by…
Stabilising Economy With Unorthodox Monetary Policy
Dike Onwuamaeze writes on the impact of the Central Bank of Nigeria’s development finance initiatives The swift and massive shock…
Ivory Coast President Says New West African Currency Launch May Take Five Years
A planned new West African currency to replace the France-backed CFA franc this year has been derailed by the coronavirus…
Economic Data Puts The EUR And Dollar In Focus, As Brexit Talks Resume
Earlier in the Day: It’s was a busier start to the day on the economic calendar this morning. The Japanese…
UBS Says You Should Buy Gold Now
SINGAPORE — Investors should be putting their money in gold now, as it represents a “very good hedge” ahead of…
We’ll Make It Illegal To Export Raw Minerals
The Minister of Mines and Steel Development, Olamilekan Adegbite, has said that the ministry is working on law to make…
PIB: Timipre Sylva Debunks Scrapping Of NNPC
Minister of Petroleum Resources, Timipre Silva has debunked reports that the new Petroleum Industry Bill (PIB) does not accommodate the…
Osinbajo Urges Global Action Against Illicit Financial Flows
Vice President Yemi Osinbajo (SAN) has called for an effective global action against Illicit Financial Flows (IFFs) and related vices,…
Naira Maintains Stability At Forex Markets As Dollar Supply Rise By 57%
Forex liquidity by 57% as Nigeria’s exchange rate at the NAFEX window remained stable to close at N386/$1 during intraday…
Oil Prices Drop As Demand Worries Counter U.S. Stimulus Hopes
Oil prices dropped on Tuesday, paring gains from the previous session, as persistent demand concerns due to the coronavirus pandemic…