FG Seeks Law To Regulate Social, Online Media
The federal government has asked the house of representatives to enact a law to regulate social and online media in Nigeria. At a public hearing organised by the house on…
FG Approves Resumption Of FCT Land Swap Scheme
The Federal Executive Council (FEC) has approved the resumption of the Federal Capital Development Authority (FCDA) land swap initiative which was begun under the previous administration. Minister of the Federal…
Cracking Nigeria’s Oil Subsidy Nut
Nigeria’s oil subsidy programme has unwittingly become a drag on the economy. When the price of the commodity rises on the international market, revenue rises, but this gain is more…
UK Inflation Jumps To 2.1% As Petrol And Clothing Prices Rise
UK inflation jumped to 2.1% in May, breaching the Bank of England’s target for the first time in two years and stoking fears that the easing of pandemic restrictions since…
Buhari Flags Off NLNG Train 7, Targets $10bn Investments
President Muhammadu Buhari has flagged off the Train 7 project of the Nigerian Liquefied Natural Gas (NLNG) which is expected to attract about $10 billion investments. The president during the…
Telcos Kick As Govt Mulls Excise Tax On Airtime
The federal government has unveiled a fresh plan to introduce excise duty on telecoms’ airtime charges. A report yesterday by Reuters said Nigeria was considering introducing an excise tax on…
Nigeria Mobile Money Market Size, Share, Trends, Analysis And Forecast Report 2021-2026
Nigeria Mobile Money Market Analysis By Top Key Players – Cellulant Nigeria Limited, Ecobank Nigeria Limited (Ecobank Transnational Incorporated), Funds and Electronic Transfer Solutions Ltd, Fortis Mobile Money Limited According…
Don’t Patronise Visa Vendors, U.S. Consulate Charges Nigerian Students
The US Mission Country Consular Coordinator, Ms. Susan Tuller has advised Nigerian students who intend to study in the United States of America not to patronise visa vendors or touts,…
Investors Seek Stable Business Environment To Forestall Investment Outflows
Bemoan low patronage as foreigners pull out N100bn from stock market in four months …Blame insecurity, others With about N100 billion pulled out from the Nigerian Exchange Limited (NGX) by…
Shippers Organise To Influence Policies
Amidst growing concerns over arbitrary shipping charges and unfavourable policies, Nigeria’s shippers have set up a national structure to confront all adverse operating environment and government policies. Executive Secretary of…
We Have Recovered $20m Worth Of Cryptocurrency From Internet Fraudsters – EFCC
THE Economic and Financial Crimes Commission (EFCC) said that it had recovered about $20 million worth of cryptocurrency from Internet fraudsters. EFCC Chairman Abdulrasheed Bawa stated this when he appeared…
Migration And Risk Sharing In Currency Unions: The Euro Area Versus The US
Labour mobility is a key criterion for assessing optimum currency areas. To smooth country-specific shocks or business cycles in currency unions, it is key that people migrate across the countries…
World’s No. 2 Cocoa Producer Set For Biggest Crop In A Decade
Ghana, the world’s no. 2 cocoa grower, is headed for its biggest harvest in at least a decade after good weather and government interventions helped boost its output, according to…
UK’s Financial Watchdog Goes Real-Time To Catch Online Criminals
Britain’s financial regulator has to make daily sweeps of the internet to warn about online scams in real time and keep pace with fraudsters who are often based outside the…
Inflation Curbs Nigeria’s Growth, Fuels Crime – World Bank
Surging inflation is undermining the recovery of Africa’s biggest economy, pushing 7 million Nigerians into poverty and encouraging criminality as rising prices deplete already meager incomes, according to the World…
Digital Euro Might Suck Away 8% Of Banks’ Deposits – Morgan Stanley
A digital euro could suck away 8% of euro zone banks’ customer deposits, analysts at Morgan Stanley have estimated, although the share may be far higher in some of the…
Dollar Holds Near One-Month High With Focus On Fed’s Inflation Take
The dollar held near a one-month high against a basket of currencies on Wednesday as investors tried to ascertain if the Federal Reserve might alter the language on its stimulus…
Major Traders See Oil Staying Above $70/ Barrel, $100 Not Impossible
The world’s biggest oil traders said on Tuesday they see oil prices staying above $70 a barrel with demand expected to return to pre-pandemic levels in the second half of…
World Bank Advises CBN To Adopt Clear Forex Policy
The World Bank on Tuesday advised the Central Bank of Nigeria (CBN) to provide a clearer and more predictable foreign exchange (forex) management policy for Nigeria. The World Bank’s position…
What Oil Companies Can Do To Cut The Demand For Oil
Increasing pressure on major oil companies has forced many to make promises to reduce the extraction of their main fossil fuel. They also warn that the result may not be…
Experts Blame Insecurity As Nigeria’s Agric Imports Exceed Exports By N503bn
The total value of agricultural import exceeded export by N503bn in the first three months of the year. Statistics obtained from the National Bureau of Statistics showed that the total…
Pound Rises As Soaring UK Inflation Puts Pressure On The BoE To Act
The pound jumped on Wednesday morning after UK inflation blew past forecasts and put pressure on the Bank of England to act sooner on interest rates. Data published by the…
UK Inflation Jumps Past Bank Of England Target, Hits 2.1%
British inflation unexpectedly jumped above the Bank of England’s 2.0% target in May when it hit 2.1% and looks set to rise further as the country re-opens its economy after…
Rising Prices Pushed Seven Million Nigerians Below Poverty Line In 2020 – World Bank
The World Bank has said rising prices pushed about seven million Nigerians below the poverty line in 2020. This was contained in a press statement titled, ‘Critical reforms needed to…
Oil Price Exceeds $73 On Improving Demand Outlook
The international price of crude oil continued its rise yesterday, extending three weeks of gains on the back of improving outlook for fuel demand as countries ramp up the lifting…
Deployment Of Green Technology Will Guarantee Zero Gas Flares’
The deployment of green technology in Nigeria’s oil and gas industry would ensure that no gas is lost through flaring across oil fields in the country, said the Managing Director,…
Goldman Expands In Crypto Trading With Plans For Ether Options
Goldman Sachs Group Inc. is moving beyond the world of Bitcoin and expanding into Ether. The bank plans to offer options and futures trading in Ether, the coin that fuels…
Twitter Ban Blocks Nigerian Businesses
Ogechi Egemonu says she was selling more than $1,200 worth of watches, shoes and handbags on Twitter every week. That was until the Nigerian government suspended the social media site.…
Bank of America Predicts Exxon Will Hike Its Dividend, Shares Will Rise 45%
Engine No. 1, the activist firm that gained three board seats at Exxon Mobil after months of targeting the oil giant, may have focused its campaign on climate, but Bank…
Morgan Stanley Downgrades Industrial Stock Fastenal, Citing Valuation At An All-Time High
Investors should stay away from industrial supplier Fastenal while the company does an internal makeover, according to Morgan Stanley. The company is altering its sales strategy, according to the investment…