Dollar Drops With U.S. Yields Despite Strengthening U.S. Recovery
The dollar sank to an almost two-week low versus a basket of its peers on Tuesday, moving in tandem with…
Year: 2021
Nigeria Moved Out Of Recession Earlier Than Expected – World Bank
In its latest Africa Pulse Report for April 2021 titled, ‘COVID-19 and the Future of Work in Africa: Emerging Trends…
Bank Of Canada Finds Inflation Target Preferred To Alternatives
Most Canadians prefer the Bank of Canada’s existing inflation targeting mandate to any other alternative frameworks, even though there appears…
Bitcoin Booms In Nigeria As Naira Flags
When Nigerian office worker Chigoziri Okeke bought cryptocurrency for the first time in 2016, he was only looking to make…
Nigerians Without NIN Risk Imprisonment, Says Minister
The Minister of Communication and Digital Economy, Dr Isa Pantami, on Thursday warned that Nigerians who do not have National…
Shippers’ Council Moves To End Indiscriminate Boarding Of Vessels
The implementation of the Nigerian Ports Process Manual (NPPM) has recorded some progress with the decision to stop indiscriminate boarding…
Maximising FG’s Delineation Of Free Trade Zones At Airports
Recently the federal government announced the designation of five international airports as free trade zones to support the implementation of…
OPEC+ Decides To Gradually Curb Output Cuts As Demand Concerns Persist
A group consisting of some of the world’s most powerful oil producers on Thursday decided to gradually curb existing output…
Global Banks Warn Of Market Chaos If Court Were To Abolish Libor
Some of the world’s biggest banks are urging a U.S. judge not to immediately terminate Libor after a group of…
China’s Central Bank Warns Of Financial Risks, Including Potential Defaults
BEIJING — China’s central bank warned on Thursday of financial risks in the country that have accumulated over the years,…
External Reserves Lost $178m In March – CBN
The country’s foreign reserves continued its downward trend, losing $178m in March, figures obtained from the Central Bank of Nigeria…
CBN Warns Against Abuse As MFBs Float Liquidity Placement Platform
To address the short-term liquidity challenges in the sub-sector, microfinance banks in Nigeria, in collaboration with Microfinance Development Company Limited…
Diaspora Nigerians with expired passport can now travel home – NIS boss
Comptroller General of Nigeria Immigration Services Muhammad Babandede has disclosed that diaspora Nigerians who could not travel back home due…
South Africa’s MTN, Looking to Build a Monopoly, Blocks Access to USSD Services for Nigerians
Fresh off its hiking of transfer charges on USSD and just over a year after the Nigerian government somewhat pardoned…
Dollar Consolidates Q1 Gains With Biden’s Spending Plan
Backed by a $2 trillion U.S. government spending plan, the dollar consolidated its first-quarter gains on Thursday, holding near multi-month…
Investors Have Committed N100bn Into Our Oil Palm Sector – Edo
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Wednesday disclosed that the Federal Government has succeeded in…
Bank Of Canada Governor Sees ‘Worrying’ Signs In Housing Market
The Bank of Canada is seeing “worrying” signs that some Canadians are taking on too much debt to buy into…
SSA Holds Nearly Half Of Global Mobile Money Accounts
There are more mobile money accounts in Sub-Saharan Africa (SSA) than in any other region in the world in 2020.…
Africans Unwilling To Quit WhatsApp, Despite Cybercrime Threats’
Africa’s mobile users are getting worried about the increase in cybercrime threats, considering the mobile risks and the potential for…
‘30m People Worldwide Acquire Digital Skills During COVID-19’
Microsoft Corporation has disclosed that it has helped over 30 million people in 249 countries and territories gain access to…
Tech Start-up Set To Launch Virtual Meeting Solution
A Nigerian tech start-up firm, Newwaves Ecosystems Limited, is pitching for a major stake in the multi-billion-dollar global online meeting…
PayPal Allows US Shoppers To Make Cryptocurrency Purchases
PayPal on Tuesday began allowing people in the United States to use cryptocurrency to make purchases from millions of merchants…
FG Implementing EEF To Save Economy From Shocks’
The Ministry of Industry, Trade and Investment has disclosed that it was currently implementing the Export Expansion Facility (EEF), which is…
Leveraging Customer Data For Growth Acceleration
Raheem Akingbolu writes on how businesses can leverage on customer data to drive sales and accelerate brand growth in the…
W’Bank Revises Nigeria, Others’ Growth Forecast to 3.4%
The World Bank has revised its growth forecast for Sub-Saharan Africa (SSA) from -5.1 per cent to 3.4 per cent…
Stakeholders Seek Fiscal Incentives, Policy Harmonisation To Stimulate Recovery
Worried by the N628 billion loss suffered by equity investors in the first quarter (Q1), market players have urged the…
UN, FG check, Validate Nigeria’s Social Protection Policy
The Federal Government and joint development partners from the United Nations held a meeting on Wednesday to conduct a quality…
UAC Of Nigeria Returns To Profitability, Recommends 120 Kobo Dividend
UAC of Nigeria Plc (UAC) has announced its audited results for the year ended December 31, 2020, showing a profit…
SEC Lists Benefits Of Non-Interest Capital Market
The Securities and Exchange Commission (SEC) has described the non-interest capital market sector as a unique asset class that is…
BUA’s Profit Rises To N72.3Bn
BUA Cement Plc has said its profit after tax rose by 19.4 per cent to N72.3bn at the end of…