Exporters Explore Sea Option To Reach West, Central African Market
Nigerian non-oil exporters are tapping sea transport to reach the neighbouring west and central African…
Year: 2020
Why FG Is Investing Massively In Railways, Seaports
The Federal Government’s focus on railway and seaport development is a necessity to drive the…
‘Why Nigeria May Not Need Delayed $1.5b Additional World Bank Loan’
With the Department of Petroleum Resources (DPR) remitting at least $1.03bn to the Federal Government…
Oil Has Best Week Since June After Saudis Defend Market Recovery
Saudi Arabia’s warning to OPEC+ cheaters and short-sellers alike helped oil prices stage their biggest…
What To Expect From The Markets This Week
Global Economy The U.S. Federal Open Market Committee (FOMC), in its latest Monetary Policy Meeting,…
Currency That Never Gains Gets Ghana Central-Bank Lifeline
Ghana’s cedi has weakened every year since at least 1994. Now the central bank appears…
Nigeria’s August Gross Revenues Tick Up On Higher Tax Receipts
Nigeria’s gross revenues inched up 0.8% in August to 682.1 billion naira ($1.79 billion) from…
FG Adds Emirates To List Of Banned Airlines
The federal government has withdrawn the approval granted to Emirates to conduct international flight operations…
The Crypto Daily – Movers And Shakers – September 19th, 2020
Bitcoin, BTC to USD, slipped by 0.02% on Friday. Following on from a 0.11% decline…
Dollar Falls Against The Yen, Sterling Dips On COVID Worries
The U.S. dollar lost ground to the Japan’s yen for the fifth straight day and…
FG Apologises, Says Self-Certification Order Not For Everyone
The Federal Government on Friday, apologised to Nigerians over a tweet on its twitter account…
Deregulation: More Investors Eyeing Modular Refineries
The Department of Petroleum Resources has said more investors are showing interest in establishing modular…
In Search Of A Second Passport? You’re Not Alone
Before the coronavirus pandemic, holding a U.S. passport granted visa-free access to 185 countries around…
Nigeria Counts On Gas To Ease Pangs Of Fuel Subsidy Cuts
Nigeria is counting on gas-powered vehicles to help it reduce reliance on gasoline and improve…
Nigeria, EU In Closed Door Meeting Over Air Space Restrictions
European Union (EU) has urged the Nigerian government to have a rethink over restrictions placed…
Dollar Extends Losses; Kiwi Dollar Hits 18-Month High
The dollar extended overnight losses on Friday after data on Thursday pointed to a slowdown…
Visa Ban: Don’t Disrespect Nigeria, FG Tells US, UK
The Federal Government has frowned on the statements issued by the United States and the…
Military Destroys Illegal Refineries, Recovers Stolen Crude
The Defence Headquarters says military has intensified its aggressive fight against crude oil theft, pipeline…
Dollar Down Over Disappointing U.S. Data, Bleak Economic Outlook
The dollar was down on Friday morning in Asia, with disappointing U.S. employment data dampening…
Oil Gets A Lift From EIA Supply Data, Moves Back Above $40
Oil prices rose back to above $40 a barrel, after U.S. government data showed a…
Why Nigeria Wants Financial Account Holders To Submit Self-Certification Forms
In Nigeria, every financial account holder, both individual or corporate, will now be expected to…
Quarantine Measures In Nigeria, 34 Others Stall Aviation Restart
Resumption of flight services notwithstanding, shades of quarantine restrictions in Nigeria and 34 other countries…
External Debt Service Under Control
Total debt service on the FGN’s external obligations amounted to US$287m in Q2 2020, divided…
Pound Swings Amid Second UK Lockdown Scientist Recommendation
The pound (GBPUSD=X) had a turbulent start on Friday morning after leading scientists from the…
FG Makes U-Turn: All Account Holders Don’t Have To Re-Register With Banks
The Federal Government has apologised for misleading the public when it ordered all account holders…
Concerns Over Flight Disruptions By Labour Unions
Industry stakeholders have appealed to the federal government to wade into the industrial dispute rocking…
Currency In Circulation Dropped To N2.39tn In August – CBN
The currency in circulation dropped by N25.03bn from N2.39tn as of the end of July…
FG Orders All Bank, Other Account Holders To Re-Register
The Federal Government has ordered all account holders in the country’s financial institutions to register…
Onne Port Gets Facelift With Two New Mobile Cranes
The West Africa Container Terminal (WACT) Onne has received two more state-of-the-art Mobile Harbour Cranes…
Strong Retail Sales Data Helps Sterling Regain Some Ground
Sterling edged slightly higher against the euro and the dollar on Friday as data showed…