Over 40% Manufacturers Unable To Access Forex –MAN
The Manufacturers Association of Nigeria (MAN) has lamented that, despite inward looking foreign exchange (forex) stance of the Central Bank…
Year: 2020
Sterling Bobs Above $1.28 After Worst Week Since March
The pound rose against the dollar on Friday, bobbing above the $1.28 mark after a week in which new Brexit…
Nigeria: Covid-19 – Govt Cautions Travellers Against Fake PCR Tests
The Federal Government, yesterday, lamented fake COVID-19 PCR tests in circulation, cautioning travellers against the use of same. It also…
Nigerians, Others Face Deportation, UAE Issues Nov Deadline
Nigerians and other foreigners in the United Arab Emirates whose resident visas had expired have till November 17 to leave…
Lower-For-Longer Rates From The Fed Point To A Weaker-For-Longer Dollar
The greenback has been on a slide since COVID-19 arrived in the United States, and a wonky change in the…
You Might Be Able To Rent A Peloton Bike One Day, CEO John Foley
After a blowout quarter, Peloton is considering ways to make its expensive, high-tech workout equipment more affordable and accessible to…
At Least 20 States Start Paying The Extra $300 Weekly Unemployment Benefit
At least 20 states have begun issuing a $300 weekly supplement to unemployment benefits, after a slow rollout that has…
Euro Firms As ECB Policymakers Calm Worries; Norwegian Crown Shoots Up
The euro rose slightly on Friday as traders noted European Central Bank policymakers’ calm approach to the euro’s recent appreciation,…
Naira Slumps Despite Resumption Of Forex Sales To BDCs
Despite resumption of forex sales to Bureau de Change operators, the Nigerian currency slumped in the parallel market Thursday. Checks…
Nigeria Blocks Dollar Access For Food And Fertilizer Imports
Nigerian President Muhammadu Buhari has ordered the central bank to stop providing foreign exchange for food and fertilizer imports as…
Nigeria Blacklists Airlines In Diplomatic Tit-For-Tat
In a tit-for-tat move, Nigeria is denying entry to carriers from countries that have imposed travel restrictions on its citizens.…
Nikola Shares Plunge More Than 10% Amid Dispute Over Short Seller’s Fraud Allegations
Nikola shares tumbled more than 10% on Friday after the electric vehicle company dismissed fraud allegations made in a report…
Trump Health Official Seema Verma Spent Millions In Taxpayer Funds To Boost ‘Personal Brand,’ Democrats Charge
Congressional Democrats are accusing a top health official in President Donald Trump’s administration of “extensive abuse” of millions of taxpayers’…
Apple’s Product-Launch Extravaganza Will Be Muted This Year Because Of Covid-19
Apple will begin its annual blitz of new products and updates next week, but the rollouts will look different this…
WHO Calls Delay In AstraZeneca Coronavirus Vaccine Trial A ‘Wake-Up Call’
World Health Organization officials said AstraZeneca’s decision to delay the phase three trial of its experimental Covid-19 vaccine for safety…
Deadly Wildfires Worsen Across California, Oregon And Washington
“This could be the greatest loss of human lives and property due to wildfire in our state’s history,” said Oregon…
Battered Sterling Sinks To More Than 5-Month Low Vs Euro As Brexit Talks Start
The British pound fell over 1% to a more than five-month low on Thursday as Britain and the EU prepared…
Nigeria: Ndigbo Rejoices As Commercial Flights Resume In Enugu Airport
Appreciations were on Wednesday extended to the federal government as the first commercial aircraft landed in Akanu Ibiam International airport…
Citi CEO Michael Corbat To Retire Next Year, Jane Fraser To Become First Woman CEO Of A US Megabank
Citigroup CEO Michael Corbat said Thursday he is retiring in February after eight years leading the bank, and that retail…
Euro, German Bond Yields Jump To One-Week High As ECB Says It Has No FX Target
The euro and German government bond yields jumped to their highest in a week on Thursday after ECB chief Christine…
Nigeria: Lagos Govt Suspends Development Of Estates Without Layout Approval, Warns Land Property Buyers
The Lagos State Government has suspended development of housing estates without the requisite Layout Approval, in the area designated as…
Gold Rises 1% As Dollar Weakens After ECB Stands Pat On Policy
Gold jumped 1% on Thursday, as the dollar weakened after the European Central Bank kept its policy unchanged and U.S.…
U.S. Cancels Visas Of More Than 1,000 Chinese Nationals Deemed Security Risks
The U.S. has revoked visas for more than 1,000 Chinese nationals under a presidential measure denying entry to students and…
More Than Speculation, Bitcoin’s Real-World Usage Booms In Africa
Bitcoin is seeing its practical use in the real world in Africa, where it is used as a hedge against…
Three Bank CEOs Quit NESG Board Over Stance On CBN’s Economic Interventions
CHIEF Executive Officers (CEOs) of three prominent banks have resigned their membership of the Nigerian Economic Summit Group (NESG) board.…
Euro Zone Bonds Steady As Investors Look To ECB For Stimulus Clues
Germany’s benchmark Bund yield held above two-week lows on Thursday, before a European Central Bank meeting that investors suspect could…
Visa Launches Loyalty Programme To Reward Cardholders
Visa has launched of a loyalty programme to reward 28,000 cardholders in Nigeria with 10 per cent cashback when they…
Passengers Without Covid-19 Negative PCR Test To Pay $3,500 Fine – NCAA
The Nigerian Civil Aviation Authority, NCAA, has imposed a fine of $3,500 each on flying passengers to Nigeria who do…
Most Voters Don’t See Trump And Biden As Mentally Fit To Be President, New Poll Shows
Most voters in six 2020 swing states do not consider either President Donald Trump or Democratic presidential nominee Joe Biden…
Nigeria May Soon Open Borders Following ECOWAS Heads Of State Meeting
The Authority of Heads of State and Government of the Economic Community of West African States (ECOWAS) has agreed on…