FG: Nigeria’s Excess Crude Account Balance Stands At $72.4m
Minister of Finance, Budget and National Planning, Zainab Ahmed, on Thursday disclosed that the nation’s excess crude account (ECA) balance…
Day: March 19, 2021
UK Partners Nigeria To Enhance Digital Access
The Federal Ministry of Communications and Digital Economy and the Nigerian Communications Commission (NCC) in collaboration with UK’s Digital Access…
Pantami, Danbatta Seek Increased Collaboration Among ECOWAS States On ICT
Nigerian government has called for increased regional collaboration for the development of the Information and Communication Technology (ICT) ecosystem in…
External Reserves Drop By $523m In Two Weeks
Nigeria’s external reserves dropped by $523m to $34.475bn as of March 16 from $34.998bn as of March 1, figures from…
Experts Seek Regulation Of Cryptocurrencies In Nigeria
Some economic experts have urged the Central Bank of Nigeria (CBN) to seek measures to regulate cryptocurrency transactions in the…
N6.98 USSD Flat Rate Will Stabilise Payment System, Says CBN
The Central Bank of Nigeria (CBN) has said the harmonisation of all Unstructured Supplementary Service Data (USSD) fees to a…
Analysts List Measures To Curtail Inflation
Analysts yesterday advised the federal government to work in tandem with the monetary authorities to address challenges in agriculture and…
Nigeria: Abuja Doctors Threaten Strike Over Unpaid Salaries, Entitlements
Medical doctors in Abuja under the umbrella of Association of Resident Doctors (ARD) have threatened to embark on strike over unpaid…
EU Declares AstraZeneca Vaccine Safe, Effective, As NGF Backs Its Continuous Use
THE European Medicines Agency, EMA, which is the European Union’s most authoritative regulator of medicinal products, has declared that the …
TELECOMS: Voice Call Subscribers Drop, Internet Users Rise In Q4’20
The National Bureau of Statistics (NBS) yesterday said the number of subscribers for voice calls fell marginally quarter-on-quarter (QoQ) by…
CBN To Sell N570bn Treasury Bills By Q2’21
The Central Bank of Ni Nigeria, CBN, said it will sell N570 billion worth of Treasury Bills (TBs) in the…
FG Urged To Establish National Fleet To Harness $19trn Global Trade
Stakeholders in the Nigerian maritime industry have called on the federal government to reactivate its plans to establish a national…
After $25b On Maintenance, FEC Approves New $1.5b For PH Refinery
The Federal Executive Council (FEC), presided over by President Muhammadu Buhari yesterday, approved the sum of $1.5 billion, about N575…
DMO Lists N162.56bn Sukuk Bond On NSE
The Debt Management Office said on Thursday that it listed its third sovereign Sukuk, N162.557bn seven-year 11.200 per cent AL…
Stock Market Bearish Again, Indices Down By 0.04%
Negative sentiments resurfaced on the Nigerian Stock Exchange on Wednesday with the key indicators dropping by 0.04 per cent due…
Capital Group Becomes Second-Biggest Investor In ABB
U.S.-based investment manager Capital Group has increased its stake in ABB to 5.05%, a regulatory filing showed on Friday, becoming…
Federal Government Discovers Gold Deposit Along Abuja-Nasarawa Border
Adegbite paid Abdullahi Sule, the Nasarawa state governor, a courtesy visit in Abuja on Wednesday. The minister said the mineral…
Alleged $2.5bn Arms Scandal: Stop Peddling Fictional Tales, APC Tells PDP
The All Progressives Congress, APC, has urged the Peoples Democratic Party (PDP) to wake up to its responsibility of providing…
Corteva to Appoint Three Directors Proposed By Starboard
Corteva Inc said on Friday three new independent directors proposed by activist investor Starboard Value LP will join the agriculture…
Citi, J.P. Morgan Hired To Coordinate Islandsbanki IPO
Iceland’s state holding company has hired Citigroup and J.P. Morgan to help coordinate Islandsbanki’s upcoming initial public offering (IPO), it…
China Bans Tesla Cars In Military Complexes On Concerns About Cameras.
The Chinese military has banned Tesla Inc’s cars from military complexes and housing compounds because of concerns about sensitive data…
Room With A View: Investors Check Out Italy’s Top Hotels
International investors are casting an eye over some of Italy’s grandest hotels whose family owners may be persuaded to part…
Futures Rise As Spike In Bond Yields Eases
U.S. stock index futures edged higher on Friday following a steep pullback in the prior session as bond yields withdrew…
UK’s Taylor Wimpey, Countryside Asked To Drop Unfair Ground Rent Terms
British homebuilders Taylor Wimpey and Countryside Properties must remove contract terms that lock leaseholders into rents that double every 10…
Nearly A Dozen Countries Resume AstraZeneca Shots After EU, UK Regulators Say Benefits Outweigh Risks
Nearly a dozen countries resumed use of AstraZeneca’s COVID-19 shots on Friday as EU and British regulators said the benefits…
Don’t Spend Over $1.5bn Embalming On A Dead Refinery – Dino Melaye Tells Buhari
Former Senator representing Kogi West Senatorial district, Dino Melaye has also faulted the approval of $1.5bn for the renovation of Port Harcourt…
Kano Consumer Council Impounds N300m Expired Drugs
THE Kano State Consumer Protection Council on Thursday confiscated fake drugs worth over N300 million following raids on a warehouse…
Rivers Court Denies Dutch Couple Bail Over $330,000 Oil Vessel Fraud
A Federal High Court sitting in Port Harcourt, Rivers State, on Thursday denied a Dutch national, Pieter Borremans and his…
Sirika Seeks Private Sector Support For Aviation Infrastructure
Minister of Aviation, Hadi Sirika, has stressed the need for Nigeria to attract private investors that will support the funding…
British Airways Considers Selling Its Headquarters After Homeworking Switch
British Airways said it was considering selling its headquarters building because of a switch to homeworking during the pandemic means…