We’ve Lost Dollars To Sell Cement In Nigeria – Dangote
The manufacturer responds to reports its cement cost more in Nigeria than in other African…
Month: April 2021
CBN to Commence Enrolment of All DFIs, MFBs, PMBs and FCs on the CRMS Platform
As part of the efforts to promote a safe and sound financial system in Nigeria,…
The Chinese Yuan Is Going Completely Digital
Yesterday, I explained how China has moved to a mostly cashless society… and how it’s planning…
Qatar To Pump Nigeria’s Economy With $5 Billion Investment: Reports
Qatar is eyeing up plans to invest $5 billion into the African country’s economy, Nigerian media reported…
Nigerian Exchange Launches New Corporate Identity
Nigerian Exchange Group (NGX Group) Plc, a leading integrated market infrastructure in Africa, has launched…
CBN To Clamp Down On Bad Debtors To OFIs
The Central Bank of Nigeria has said it will extend its Credit Risk Management System…
How Many IMF Reports Does It Take To Dim The Moon’s Lustre?
Time was when the International Monetary Fund (IMF)’s numbers on the domestic economy mattered. “What to…
More Asian Countries Thick-Skinned About FX Manipulation Tag
A larger number of Asian countries and economies could join the ranks of those branded…
Dollar Edges Up As Markets Wait For U.S. Inflation Data
The dollar edged higher on Tuesday, helped by a pick-up in U.S. Treasury yields, but…
Cryptocurrency Market Now Worth $2trn
The cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2.0…
Biden Warns ‘No Justification’ For Violent Protest After ‘Tragic’ Police Shooting
US President Joe Biden on Monday called the shooting of a Black motorist by police…
HP Seizes 54,000 Nigeria Counterfeit Products, Largest In EMEA
In the past year, the HP Anti-Counterfeiting and Fraud team stopped the potential sale of…
Nosediving Disposable Income, An Underlying Factor In Nigeria’s Housing Deficit —— LBIC MD, Lawal
Mr. Oluwatobi Lawal is the Managing Director/CEO, Lagos Building Investment Company PLC. In this interview…
Microsoft In Discussions To Buy Nuance Communications: Report
Technology giant Microsoft is in advanced discussions to buy the US group Nuance Communications, which…
No Going Back On NIN, SIM Verification, Says Pantami
Minister of Communications and Digital Economy, Dr. Isa Pantami, yesterday, said Federal Government would not…
Twitter Chooses Ghana To Grow Its African Presence
Twitter has opened its first African office in Ghana to grow its African presence. The…
‘Support For Indigenous Brands Critical To Economic Growth’
The Managing Director, Rite Foods Limited, Seleem Adegunwa, has called on Nigerians to support indigenous…
Households, Businesses Can Apply For N50Bn COVID-19 Loans – CBN
The Central Bank of Nigeria has said that households and businesses affected by the COVID-19…
Report: Increased Borrowing May Trigger Structural Reforms in Nigeria
As Nigeria is projected to raise $3 billion this year meet its infrastructure needs, which…
Okonjo-Iweala: COVID-19 Vaccine Nationalism, Export Restrictions Threat to Africa
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, yesterday deplored increasing COVID-19…
Sell-Offs In Microfinance Banks Over Recapitalisation
Ahead of April’s deadline for the first threshold of recapitalisation exercise in the Microfinance Bank (MFB) sub-sector,…
Federal Government Unveils Compendium On States’ Economies
The Federal Government has unveiled a publication, Book of States, detailing the economic potential of…
Bitcoin Hits New All-Time High Above 63.1K
The price of bitcoin set a new all-time high Tuesday morning, the day before U.S.-based…
44 Companies To Face NSE’s Sanctions Over Default Filing
A total of 44 companies quoted on the Nigerian Stock Exchange, NSE, may face sanctions…
Naira Closes Stronger Against Dollar, Euro At Black Market
The Naira closed stronger against the US Dollar and the Euro at the unregulated segment…
Qatar To Invest $5bn In Nigeria, Says Onyeama
The oil-rich state of Qatar is to invest $5 billion in the Nigerian economy, the…
Printing Currency Could Hurt Economy, Analysts Warn FG
Analysts have expressed concerns over a recent claim that the federal government resorted to printing…
Credit Suisse To Pay Out Another $1.7 Billion Of Greensill-Linked Fund Assets
Credit Suisse has made further progress in winding down funds connected with Greensill Capital and…
Appzone Secures $10m Series A, Biggest Investment Led By Nigerian VC
Nigerian-founded venture capital firm CardinalStone Capital Advisers is leading a $10 million Series A funding…
Fed Looks Poised To Step Up Buying In Belly Of Treasuries Curve
The Treasury market’s weight has shifted around in the past year, meaning the Federal Reserve’s…