Dollar Weakens, Euro Gains Ahead Of ECB Meeting
The dollar slipped in early European trade Thursday, with the euro gaining ahead of greenback…
Year: 2020
Why Isn’t The British Pound Weaker? Ask Trump
The British pound has been on a losing streak in recent days as the likelihood…
Gana… A Bully Who Became His Community’s Protector And Then Gangster
He was a terror, but his killing on a day he was to embrace peace…
Marketing Will Take A Different Form As The NFL Returns In The Middle Of The Pandemic
ESPN puts it this way in describing its back-to-football-season ad that features fans and players…
Active Bank Accounts In Nigeria Surge To 111.5 Million As COVID-19 Drives Account Opening
Nigeria’s active bank account increased by 14.41% from 97.485 million active accounts to 111.54 million,…
Second $1,200 Stimulus Checks Had Bipartisan Support. Now They Could Be A Longshot
While negotiations over the next coronavirus stimulus bill have carried on for months, there has…
Microsoft’s New Two-Screen Phone Looks Amazing But Has Lots Of Compromises
Microsoft and Samsung are betting that future phones look different than they do now. Samsung’s…
Manhattan Rental Market Plunges, Leaving 15,000 Empty Apartments In August
The number of empty rental apartments in Manhattan nearly tripled compared with last year, as…
Nigeria Customs Rakes In N976.6 Billion In 8 Months Despite COVID-19
The Nigeria Customs Service (NCS) generated N976.6 billion from January to August, despite the COVID-19…
Emirates Airline Returns Abuja To Route Network
Emirates yesterday resumed passenger services to Abuja. The Airline had earlier resumed Lagos flights on…
Nigeria Borrowed N18.89tn Under Buhari
Nigeria’s debt public debt hit a total of N31.01tn at the end of June, the…
‘Trader Moni’ Beneficiaries Unwilling To Repay Loans –NSIP
Beneficiaries of ‘Trader Moni,’ one of the programmes of the Federal government’s National Social Investment…
Nigeria’s Largest Cement Makers See Profits Jump To 7-Year High Despite Covid-19
Nigeria’s biggest cement makers by market value appear to be doing relatively well despite the…
FG seeks $1.1B From Eni, Shell In Graft Case
The Federal Government yesterday asked a Milan court to order Eni and Royal Dutch Shell…
Apple Announces September 15 Date For Online iPhone 12 Reveal Event
Despite acknowledging that this year’s iPhone launches will be delayed by a few weeks relative…
Nigerians Are Sitting On Their Savings, Thwarting Lending
Nigerian companies are parking more of their funds in bank deposits, upending a push by…
UK Minister Under Scrutiny For Attacking Nigeria Over P&ID Court Case
Priti Patel, United Kingdom’s secretary of state for the home department, has come under scrutiny…
Shoprite To Leave Kenya After Announcing Plans To Close 2 More Stores
Shop-rite Holdings announced that it would leave the East African nation of Kenya after entering…
Lloyds Bank Sacks 865 Workers
Lloyds, the biggest domestic banking group in UK, had temporarily stopped job losses and restructuring…
All Four Of Nigeria’s Refineries Are Currently Shut Down
All four of the refineries in Nigeria, Africa’s top oil exporter, are currently shut down,…
United Airlines Launches Direct Flight Between Lagos And Washington
United Airlines has announced plans to expand its global route network with a new, nonstop…
Nigeria’s Debt Hits N31trn –DMO
The DMO set Nigeria’s entire debt at N31trn, indicating an increase of N2.38trn within a…
ECB Weighs Chance To ‘Talk Down’The Euro
The recovery is on. Economies across the eurozone are reopening and business is returning to…
Pound Hits 6-Week Low On Brexit Fears, Implied Volatility Curve Inverts For First Time In 6 Months
The pound fell to its lowest level in six weeks against the dollar on Wednesday…
How China Is Closing In On Its Own Digital Currency
While there’s no launch date yet, the People’s Bank of China is likely to be…
Weak Currency Discouraging Foreign Investment In Nigeria’s Economy
The federal government has been asked to take advantage of the global liquidity glut being…
ECOWAS Halts Single Currency Launch, Adopts Gradual Approach
The Economic Community of West African States has postponed the planned launch of its single…
Experts warn as ATMs breed dirty notes
Experts, yesterday, blamed the preponderance of dirty notes on corruption and lack of political will,…
Niger Exports Fuel To Nigeria As Egypt, Algeria Build 13 Refineries
Neighbouring Niger Republic, which started commercial oil production in 2011, now exports petroleum products to…
Nigeria: FG Debt Now N24.52Tn, Recorded N561.71Bn Deficit – CBN
The Federal Government’s outstanding as of March 31 stood at the N24.52tn (excluding the states…