Buhari To Inaugurate Itakpe-Warri Speed Train Tuesday
The President, Major General Muhammadu Buhari (retd.), will inaugurate Nigeria’s first standard gauge train, the Itakpe-Ajaokuta-Warri rail line, on Tuesday…
Year: 2020
INEC Begins Migration To Electronic Voting
The Independent National Electoral Commission (INEC) has commenced replacing manual voting with automated voting system, as part of the efforts…
CBN: Hedging Against Recession, COVID-19 With Interventions
The Central Bank of Nigeria (CBN) is devising strategies through its various intervention programmes to rein the COVID-19 pandemic’s impact…
Dollar Continues Downward Trend Ahead Of Trump-Biden Debate
The dollar was down on Tuesday morning in Asia, as the U.S. presidential debate and developments on the latest U.S.…
‘ABCON Braces CBN’s Regulation Of Financial Sector’
The argument that all Bureaux De Change (BDCs) operators are the weakest link in the fight against illicit financial flow…
NLNG Targets 350,000 Metric Tons LPG By December
The Nigeria Liquefied Natural Gas (NLNG) Limited has said it is set to achieve the production of 350,000 metric tons…
FG Urges Destination Countries To Repatriate Illicit Funds
The Vice-President, Prof. Yemi Osinbajo, has urged leaders of destination countries to insist on repatriation of illicit funds and their…
Nigeria’s Forex Reserves Drop By $47.3m
Nigeria’s foreign exchange reserves suffered its first decline in recent weeks at the weekend as dreary global crude oil prices,…
How Monetary, Fiscal Managers Can Cooperate To Cushion Impact Of Recession
At negative 6.1% gross domestic product (GDP), economic managers have a lot of work to do to save the country…
Sterling Up Over 1% As Traders See Hope Of Avoiding Cliff-Edge Brexit
The British pound rose more than 1% on Monday on hopes that Britain could secure a Brexit trade deal with…
Orji: Second Niger Bridge Has Achieved 47% Completion Rate
The Managing Director of the Nigeria Sovereign Investment Authority (NSIA), Mr. Uche Orji has disclosed that the ongoing construction of…
Popoola Wants Role For Credit Bureau In CBN’s Intervention Fund Disbursement
The access, impact and prospects of the intervention funds by the Central Bank of Nigeria (CBN) formed the basis of…
CBN’s Rate Cut Triggers Rush For Equities
Stunned by the decision of the Central Bank of Nigeria (CBN) to cut the benchmark interest rate,bewildered investors dumped fixed-income…
Nigeria’s Main Unions Suspend Planned Strike After Government Talks
Nigeria’s long-awaited oil reform bill would privatise the Nigerian National Petroleum Company, amend changes to deepwater royalties made late last…
Our Economy Is In Coma, Needs Urgent Resuscitation – APC Reps Member
Ughelli — The member representing Ughelli North, Ughelli South and Udu federal constituency in the House of Representatives, Hon. Francis…
Judge Locks Trump Administration’s Ban On New TikTok Downloads From U.S. App Stores
A judge has temporarily blocked an order from the Trump administration that would have banned TikTok from being downloaded from…
OPEC In Trouble As Oil Outlook Worsens
Just when they thought they had rebalanced the oil market, OPEC members were served an unpleasant surprise from exempted fellow…
Dollar Hovers Near Two-Month High Amid Economic, Political Risks
The dollar hovered near a two-month peak against a basket of currencies on Monday as doubts about economic recovery persisted…
What MPR Cut Means As The Country Enters Recession?
Nigeria unexpectedly cut its Monetary Policy Rate (MPR) by 100 basis points from 12.50% to 11.50% in an attempt to…
Tesla’s $25,000 Electric Car Means Game Over For Gas And Oil
The monumental Tesla Battery Day last week clearly wasn’t as monumental for some as they had expected. The day after…
Sterling Jumps More Than 1% As Traders See Hope Of Avoiding Cliff-Edge Brexit
The British pound soared more than 1% on Monday on hopes that Britain could secure a Brexit trade deal with…
Positive Covid-19 Test Rates Top 25% in some U.S. Midwest States
The number of tests coming back positive for Covid-19 is topping 25% in several states in the U.S. Midwest as…
Brexit: EU Citizens In UK Could Be Shut Out Of Vital Services
Thousands of EU nationals could face problems accessing essential services because the government is refusing to issue physical proof of…
Osinbajo: We Will Soon Reopen The Land Borders
In October 2019, President Muhammadu Buhari ordered the closure of land borders to check smuggling goods and arms into the…
Fewer Than 10% Of Americans Show Signs Of Past Coronavirus Infection, Study Finds
Fewer than 1 in 10 Americans showed signs of a prior coronavirus infection as of late July, suggesting that the…
Assessing Contributions Of Bureau De Change In Foreign Exchange Stability
The Bureaux De Change Operators (BDCS) sector has for decades, remained a critical component of the Nigerian financial market playing…
U.S. Sanctions On Chipmaker SMIC Hit At The Very Heart Of China’s Tech Ambitions
GUANGZHOU, China — The U.S. government has reportedly imposed restrictions on exports to SMIC, China’s biggest chip manufacturer, a move…
Nigeria’s Growing Inflation Rate
The current rate of inflation in Nigeria, according to the National Bureau of Statistics, rose to 13.22 per cent in…
Dow Futures Surge More Than 300 Points Following A 4-Week Losing Streak
Stock futures jumped in early trading on Monday following a four-week losing streak on Wall Street. Futures on the Dow…
NLC Vows To Shut Down Airports, Banks, Others From Monday
The Organised Labour in Lagos State has said all sectors would be shut from Monday. He said airports, banks, and…