Key Saudi Arabian Oil Site Attacked, Sending Brent Above $70
Saudi Arabia said one of the most protected crude facilities in the world came under missile attack on Sunday, in…
Month: March 2021
To Sustain Recovery, CBN Extends Interest Rate Cut On Pandemic Loans
The Central Bank of Nigeria’s (CBN) extension of the interest rate it reduced during the pandemic (officially known as discounted…
Bitcoin’s Next Top Could Be Between $75K And $306K, Kraken Research Suggests
A reading of the historical data paints a promising picture for Bitcoin’s potential growth in 2021. Analysis of Bitcoin (BTC)…
Nigeria’s Risk Premium Hits 1yr High Despite Rising Oil Prices
Investors are demanding higher returns from Nigeria to be holders of its debt as compensation for tolerating its high-risk environment,…
Oil Palm Firm Re-Strategises For Optimal Performance
The Okitipupa Oil Palm (OOP) Plc has embarked on some measures aimed at re-strategizing and putting the company on a…
ECOWAS Court Orders Nigeria To Pay N63m, $10,000 Compensation To Germany
The Court of Justice of the Economic Community of West African States (ECOWAS) has ordered the Federal Republic of Nigeria…
World Bank To Spend N27bn On Road Infrastructure In Aba
The World Bank has released a whopping N27 billion for rebuilding of road infrastructure in Aba the economic live wire…
3.8 Million Farmers Benefit From Anchor Borrowers’ Programme – CBN
The Central Bank of Nigeria (CBN) says 3.8 million farmers have so far benefited from its Anchor Borrowers’ Programme (ABP).…
FG Considers 20% Hike In Petrol Freight Cost
The Federal Government is considering a 20 per cent hike in the cost of freighting petrol across the country, as…
UK Signs Trade Partnership Agreement With Ghana
The UK has signed a trade partnership agreement with Ghana that secures tariff-free trade and provides a platform for greater…
Breakdown Of Modalities To The New Central Bank Diaspora Forex Remittances
In what appears to be an attempt to incentivize dollar remittances by all means possible, the Central Bank of Nigeria…
Central Bank Of Nigeria Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances
The Central Bank of Nigeria (CBN) has announced the introduction of “CBN Naira 4 Dollar Scheme”, an incentive for senders…
Why The Netherlands Pay Its Disabled Citizens To Have Sex With Prostitutes!
The Dutch government hands out money for school, housing, medical needs, even hookers! That’s right….government-funded booty calls….up to 12 times a…
Crude Oil Hits $68 As Goldman Sachs Projects Prices May Rise To $80 By Q3
The price of Brent crude, against which Nigeria’s crude oil is priced, has risen to $68.03 per barrel following the…
FTSE Russell To Drop Xiaomi, Luokung From Indexes On U.S. Order; Scraps AMEC Inclusion
Global index publisher FTSE Russell will drop Xiaomi and another high-tech firm from global and Chinese indexes, it said on…
Petrol Queues Abate As More Stations Resume Operations
The queues for petrol in Abuja and neighbouring Nasarawa and Niger reduced on Thursday as more retail outlets dispensed the…
JAMB Plans N6bn Head Office In Abuja
THE Joint Admissions and Matriculation Board plans to build a new headquarters in the Central Area of the Federal Capital…
Manufacturing Firms Borrowed N570bn From Banks In 2020 – CBN
Manufacturing firms borrowed a total of N570bn from Nigerian banks last year amid the economic fallout of the COVID-19 pandemic.…
How Cryptocurrency Trading Keeps Nigerians Engaged
Nigerians have continued to the Central Bank of Nigeria (CBN) over its directive to banks to stop the provision of…
Oil Soars Above $67, Nigeria Earns Additional N318bn/Month
Nigeria may have earned over N318bn additionally in February as a result of the increase in crude oil price in…
US Companies Plan $2.37Bn Investments In Nigeria
United States companies in Nigeria plan to invest over $2.37bn in Nigeria in the next three years, according to a…
A New Era Of Volatility Begins, But Tech Inflows Continue: BofA
Investors poured billions of dollars into high-flying stocks even as the ongoing bond market rout led to sharp losses on…
China Outlines Push To Develop Domestic Engine For C919 Jet In Five-Year Plan
China will push forward with the development of CJ1000, a turbofan jet engine designed to power the homemade C919 narrowbody…
China Tells Banks To Scale Back Lending To Contain Financial Bubble Risks: Sources
China’s regulators are telling banks to trim their loan books this year to guard against risks emerging from bubbles in…
Only 9.9% Nigeria Businesses Have Crisis Management Plan — CMC
The global health crisis occasioned by the coronavirus pandemic has thrown up the need for Nigerian businesses to embrace crisis…
Texas Grid Operator Made $16 Billion Price Error During Winter Storm, Watchdog Says
Texas’ power grid operator Electric Reliability Council of Texas (ERCOT) made a $16 billion pricing error in the week of…
More German Companies See Worsening International Business In 2021: DIHK
More German companies expect global business conditions to worsen this year than expect improvement, Germany’s DIHK Chambers of Industry and…
Federal Inland Revenue Services Targets N5.9tr Revenue This Year
The Federal Inland Revenue Service (FIRS) has proposed a revenue collection of N5.9 trillion in the 2021 fiscal year. FIRS…
Stock Market Extends Loss By 0.40%
The nation’s bourse extended a negative trend for the third consecutive trading session following sell pressure on Nigerian Breweries, Dangote…
Wealth Managers Frustrated Over Bitcoin, Anxious For Piece Of The Action
Yet Paulsen, chief investment officer for Leuthold Group, which manages $1 billion, cannot own bitcoin in client portfolios due to…