MMIA New Terminal Ready For Use Q1
The newly constructed terminal at the Murtala Muhammed International Airport (MMIA), Lagos built by Chinese engineering firm, CCECC, will become…
Year: 2020
Nigeria To Access Vaccine From Jan, Says Okonjo-Iweala
Chair of the board of Gavi, the Vaccine Alliance, Ngozi Okonjo-Iweala, has assured that Nigeria and other African countries will…
Naira Extends Gains On Dollar At Black Market, Now N476/$1
The Naira extended gains into a second day on Thursday, December 10, appreciating by N2 against the US Dollar at…
Terror Risks Escalate In Africa; Coronavirus Could Make It Worse
Terror groups are expanding operations and scaling up attacks in Africa, straining governments ill-prepared to battle extremism as the coronavirus…
Nigeria Plans To Approve Covid-19 Vaccine Early Next Year
Nigeria expects to license by April one of the vaccines under development globally for Covid-19, the West African nation’s drugs…
Nigerian Shell Employees Orchestrated Oil Spills For Own Profit: Dutch TV
Employees at Royal Dutch Shell’s Nigerian joint venture orchestrated damage to oil pipelines to profit from the money spent on…
Canadian Dollar Extends Rally As Oil Benchmark Cracks $50/Bbl
The Canadian dollar strengthened to a more-than two-and-a-half-year against its U.S. counterpart on Thursday as oil climbed and the greenback…
World Bank Says 20 Million More Nigerians May Fall Into Poverty
The World Bank has predicted that the effects of COVID-19 pandemic could see further drastic deterioration in the standards of…
Nigeria’s Manufacturing Sector Moving In Right Direction — Minister
Following years of struggle to contribute meaningfully to the country’s GDP, Nigeria’s manufacturing sector will soon start to increase its…
Opec Output At Seven-Month High In Nov: Correction
Opec crude production rose to a seven-month high last month, climbing by 805,000 b/d from October thanks largely to a…
Fitch Ratings Expects House Prices To Fall Up To 5 Per Cent In 2021
Canada’s housing markets broke records in 2020, even as a global pandemic raged, but prices could be poised to fall…
Nigeria May Be On Verge Of Second Wave Of COVID-19 Infections Warns Health Minister
Nigeria may be on the verge of a second wave of COVID-19 infections amid rising number of confirmed cases in…
WEEKAHEAD-AFRICA-FX-Ugandan Currency Firm, Kenya’s, Zambia’s Stable, Nigerian Rangebound
Uganda’s currency will likely gain against the U.S. dollar next week, while Kenya’s and Zambia’s are expected to be stable…
Nigeria Needs More Naira Reform For $1.5 Bln World Bank Loan, Country Director Says
The World Bank needs Nigeria to strengthen reforms of its currency, the naira, before it can approve a $1.5 billion…
Mexico Senate Passes Bill To Make The Central Bank Buy Unwanted Dollars
Mexico’s Senate approved Wednesday a bill that will force the central bank to buy dollars from banks that can’t place…
Sterling Extends Losses With UK And EU Still Far Apart In Brexit Talks
The Brexit-battered pound extended its losses against the dollar and the euro on Thursday, as investors became more cautious about…
ECB To Go Easy; Brexit Goes Sour
Bets on more European Central Bank stimulus kept Europe’s main stock markets and the euro steady on Thursday, but Britain’s…
Euro Stable Ahead Of ECB Stimulus, Pound Dips On Brexit Fears
The euro stood its ground on Thursday ahead of the European Central Bank unveiling fresh stimulus measures, while sterling fell…
Ports And Cargo Debunks Reports Of Inefficiency
Ports and Cargo Handling Services Limited, the flagship and port operations arm of SIFAX Group, has debunked news reports alleging…
Apapa Gridlock: Truck Owners, Port Operators Allege Extortion By Presidential Team, Others
Importers, clearing agents, truck owners and other operators at the Apapa and Tin Can Island Ports in Lagos have cried…
States Eye Capital Market For Funds To Develop Infrastructure
A wave of fundraising by state governments from the capital market through bonds to develop infrastructure is in the offing,…
Facebook Sees WhatsApp As Its Future, Antitrust Suit Or Not
On the final day of November, Facebook Inc. announced it had bought a customer service software startup most people had…
Bank Of Canada Stands Pat On Rates Amid Surge In Covid Cases
The Bank of Canada stood pat on interest rates and reiterated its commitment to keep them at historic lows to…
Crude Oil Remittance: Court Upholds $1.7bn Arbitral Award In Favour Of NPDC
The Federal High Court in Lagos has upheld a landmark $1.7billion arbitral award in favour of the Nigerian Petroleum Development…
Lagos Bans Burial On Residential Premises
The Lagos State Government says the use of residential premises as morgues, embalmment centres or burial sites remain banned in…
New Profit Alerts From Nigerian Banks Have Less To Do With Virus
It’s not just the pandemic that’s putting Nigerian bank earnings at risk: Competition for customers in the recession-hit economy is…
Pornhub In Trouble: Mastercard, Visa Cut-Off Payments
Mastercard said it would no longer process payments for Pornhub. Mastercard has directed the third-party financial institutions that connect Pornhub…
Pound Drops As Chances Dim For Post-Brexit Trade Deal After ‘Lively’ Dinner
Sterling slid on Thursday after British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen gave negotiators…
Banking, FMCG, Industrial Stocks Drag Nigeria Bourse Down As Negative Sentiments Rule Bulls
It was a negative outing at the Nigerian equities market on Tuesday as persistent profit-taking activities, which were also reflected…
How Oil Majors Shift Billions In Profits To Island Tax Havens
Bermuda and the Bahamas aren’t exactly big players in the oil-and-gas world. They don’t produce any of the fuels at…