Arik Air To Resume Flights To Jos, Benin, 2 Others
Arik Air has resumed services to four additional airports in Nigeria namely; Benin, Jos, Owerri and Asaba. It said this…
Year: 2020
AIB Begins Investigation As Two Aircraft Collide At Lagos Airport
The Accident Investigation Bureau says it will investigate a collision involving Middle East Airline and a Turkish plane at the…
Wired Transfers Hit N477/$1 At Black Market
Exchange rate disparity between the parallel and black market remains as high as N85.75 Nigeria’s exchange rate at the NAFEX…
Nigeria: MAN Supports Forex Unification
The Manufacturers Association of Nigeria (MAN) has described the unification of the country’s Foreign Exchange (forex) windows by the Central…
Apapa Gridlock: Customs Agents Petition FG Over 500% Increase In Costs
Some Customs agents in the country have called on the federal government to immediately address the deficiency and high cost…
The Dollar’s Leading Rivals All Have Their Own Drawbacks
A guide to the pros and cons of the euro, gold, crypto, and the other potential replacements for the dollar.…
Starved Of Dollars, Nigerian Businesses Struggle For Survival
As women in hairnets and anti-coronavirus masks sort through folded nappies coming off a conveyor belt, the head of the…
Nigeria: Local Production Suffers Continued Contraction As PMI Hits 44.9%
Purchasing Managers’ Index (PMI) for the manufacturing sector has continued to reflect the sector’s weaknesses as regards production, new orders,…
Nigeria: People Fear They’ve Got Too Much Cash In Their Bank Accounts
Falling interest rates are tempting some Americans to forego safety and pour their savings into assets such as stocks and…
Nigeria: Cautious Optimism As Nations Ease Flight, Tourism Restrictions
More countries are opening up the international airspace for commercial airlines and tourism to resume. Travellers will however find that…
IMF Introduces New Transparency Code For Nigeria, Others
The executive board of the International Monetary Fund has approved the new IMF Central Bank Transparency code. It said in…
Nigeria: The Return of Wharf Rats
Eromosele Abiodun writes on the alarming rate of pilfering at terminals across the nation’s seaports Last week, vehicle importer, David…
Emirates Expands African Connections
Emirates has announced it will resume flights to Nairobi from August 2, 2020, Baghdad and Basra will follow from August…
Nigeria: ‘Businesses Lost Hope On Economic Growth In July’
The July 2020 Business Expectations Survey Report of the CBN has shown that firms are pessimistic on the macro economy…
Human Trafficking Worse In US Than Nigeria
The 2020 trafficking in-person report had placed Nigeria on a tier-two watch list, meaning that Nigeria failed to meet the…
CBN’s Ban On Forex For Import Boosts Interest In Maize, Fish Farming
In furtherance of government’s efforts to drive Nigeria towards food sufficiency, Agribusiness firm, Eatrich Farms, has launched the Green Africa…
Digital Financial Inclusion – Kenya And Nigeria Case Studies
Digital financial services are both broadening and speeding up financial inclusion in many African countries – a key factor in…
Oil Gains On Sharp US Crude Inventory Drop
Oil prices edged up on Wednesday after a steep drop in U.S. crude inventories, but another record day for COVID-19…
Foreign Trade Knowledge Vital To Exporters, Importers
Sterling Bank Plc has reiterated the need to educate exporters and importers of goods on how to manage the changes…
Nigeria: FG To Check Temporary Import Permit Abuse
The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigeria Customs Service (NCS) have agreed to join forces to…
Gold Prices Could Hit $3,500 In Two Years
The gold market is “very strong and could hit $3,500 in two years,” according to Barry Dawes of Martin Place Securities.…
‘We Are On Our Own’: Experts Call For Overhaul Of African Investment Post-Coronavirus
Many African nations are not borrowing as much as those in developed markets, but are charged at much higher rates…
Nigeria: Consortium To Transform Cassava Peels Into Energy
Several companies and organisations have recently joined forces to recycle cassava waste in rural Nigeria. They will transform the peels…
OPEC-Nigeria Talks Discuss Market Recovery After Covid-19
The OPEC-Nigeria Bilateral Meeting that took place last week has sent yet another signal of the strong dialogue and cooperation between OPEC and…
Hajj Pilgrimage In The Age Of Coronavirus Is Unlike Any Before
Saudi Arabia radically downsizes annual Islamic pilgrimage Pandemic means socially distanced prayers, bottled holy wate Holy water will be consumed…
Sterling Rises As Dollar Weakens, Approaching $1.30
Sterling benefited as the dollar weakened, rising 0.3%, but was flat against the euro on Wednesday, as the impression grew…
Canada And Nigeria Working To Combat Migrant Smuggling, Human Trafficking And Irregular Migration
OTTAWA, ON, July 29, 2020 /CNW/ – The Honourable Marco E. L. Mendicino, Minister of Immigration, Refugees and Citizenship, today reaffirmed Canada’s commitment to…
CBN Holds N900b Customers’ Deposits With Banks
The Central Bank of Nigeria (CBN) has been holding on to N900 billion of lenders’ deposits as Cash Reserve Ration…
UN Report Finds Migrants Face Violence
A new U.N. refugee agency report on migrants who braved long and often-deadly land routes to Libya has found that…
Netherlands, Switzerland To Repatriate $200m Malabu Deal Cash
Nigeria is awaiting the return of $200m from the Netherlands and Switzerland from the Oil Prospecting Licence 245 deal, the…