Diaspora Remittances: ‘Naira For Dollar Scheme’ To The Rescue
The Central Bank of Nigeria’s (CBN’s) ‘Naira for Dollar Scheme’, aimed at promoting diaspora remittances will be ending this Saturday.…
Month: May 2021
Meet The Nigerian Running To Be Mayor Of London, Nims Obunge
This Thursday 6 May, Londoners will head to the polls to elect a mayor. In the ranks of the hopefuls…
At I&E, Nigerian Currency Trades N411/$1 After N1 Loss
It was a bad day for the Nigerian currency at the Investors and Exporters segment of the foreign exchange (FX)…
MTN Nigeria Issues 100 Bln Naira Bond – CFO
MTN Nigeria (MTNN.LG)has issued a 100 billion naira ($263 mln) fixed rate bond in the first quarter of 2021, due in…
Pound Sterling May Outlook: Bank Of England ‘Taper’ Decision To Set The Tone Against Euro & Dollar
The British Pound has flatlined against the Euro as the end of the month approaches while continuing to churn familiar…
Industrialists Charge CBN To Review Repatriation Of Export Proceeds Policy
Industrialists across the country, under the auspices of the Lagos Chamber of Commerce and Industry (LCCI) have charged the Central…
Shortage Of Flights, Aircraft Inspectors Raise Safety Concerns In Aviation
The shortage of aircraft, flights as well as pilot inspectors have raised safety concerns in the nation’s aviation sector, LEADERSHIP…
Oil Rises Over 1% As Demand Hopes Bolster Sentiment
Oil rose more than 1% on Monday as Chinese economic figures and U.S. vaccination rates pointed to a strong rebound…
Dollar Extends Gains As Markets Focus On U.S. Data
The U.S. dollar extended gains on Tuesday, partially unwinding a month long decline as investors weighed chances that interest rates…
FG Says Lekki Deep Seaport Will Change Maritime Economy
The Federal government says the Lekki Deep Seaport will be a significant game-changer in Nigeria’s Maritime economy with corresponding benefits…
FG Prepares 400 Suspected Boko Haram Sponsors, BDC Operators’ Charges
THE Federal Government is set to arraign about 400 alleged Boko Haram sponsors and financiers arrested in a nationwide operation…
Foreign Investment In Nigerian Stocks Falls To N60.11bn
Foreign portfolio investment in the Nigerian stock market dropped by eight per cent in the first quarter of 2021 to…
External Reserves Lost $350m In Two Weeks, Says CBN
The country’s external reserves lost $350m in two weeks, falling to $34.9bn on April 29 from a high of…
Value Added Tax Considerations For Casino Operations In Nigeria
By product category, the global betting market can be broadly segmented into lottery sports, casinos and games and online betting.…
$8.4b Coming Into Economy, Says NIPC
The Nigerian Investment Promotion Commission (NIPC) has said more jobs may be coming as some investors have committed to investing…
Nigerianization Of NLNG Now 85%, Shipping Arm Hit 84%
The Nigerianization process at the shipping arm of the Nigerian Liquefied Natural Gas, NLNG,has reached 84 percent while the NLNG Ship…
Ether’s 1,500% Jump Is Just The Start For The Crypto Faithful
Cryptocurrency enthusiasts are scaling up price targets for Ether after the second-largest token’s record-breaking run, an echo of the unbridled…
Australia Central Bank Keeps Rates Near Zero As Economy Picks Up Speed
Australia’s central bank left its key rates at near zero for a fifth straight meeting on Tuesday and pledged to…
NEPZA Mulls Export Accelerator Programme For SMEs
The Managing Director/Chief Executive, Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, has said he is prepared to canvass…
Forex Scarcity, Repatriation Uncertainties Depress Investments In Q1 – Analysts
ECONOMY Investment analysts have blamed foreign exchange (forex) scarcity and concerns around the possibility of ease of repatriating funds out of…
Nigerian Govt Extends NIN-SIM Registration Till June 30
Nigerian government has extended the ongoing national identification number (NIN) and subscriber identity module (SIM) integration exercise till June 30.…
AfCFTA: Nigeria Will Emerge Most Resilient Economy In Africa – Experts
Trade facilitation stakeholders in Nigeria are optimistic that the African Continental Free Trade Area (AfCFTA) agreement would provide the opportunity…
Sterling Bulls Squeezed – Bank Of England Pivotal
A 1% slide in sterling led Friday’s month-end shakeout of short dollar positions, turning positive GBP technical signals neutral. If the Bank of England disappoints…
British Parents Cut Pocket Money For Children During Pandemic
British kids are receiving less pocket money this year than last as parents have tightened their belts through the pandemic.…
NNPC Sells N267 Billion Crude Oil, Maintains 1.42 Million BPD Output
The Nigerian National Petroleum Corporation (NNPC) sold crude oil worth N267.59 billion in February, while its total daily production stood…
Banks Are Still Sound But … – CBN
A recent review of the status of Nigeria’s banking industry at the backdrop of the adverse impact of COVID-19 on…
Pandemic Offers Africa A Chance To Boost Sukuk Sales
The financing required to rebuild economies in African nations following the coronavirus pandemic gives the continent an opportunity to boost…
Nigerian Traders In Ghana Seek End To Harrassment
Nigerian traders in Ghana have urged the Federal Government to take urgent steps to stop the harassment Nigerians living in…
Nigeria, Others Free To Take More Loans, Says IMF
Nigeria and other emerging markets whose economies were hit by Coronavirus (COVID-19) should take more loans to pave the way…