Nigeria Must Reduce Over-Dependence On Oil – Akeredolu
The Ondo State Governor, Mr Rotimi Akeredolu, on Wednesday, said there was a need to develop strategies that would enhance…
Year: 2021
CBN Deepening NFIS Via E-Channel Transactions
Three months after the Central Bank of Nigeria (CBN) lowered its hammer on Bureau de Change operators over alleged infractions,…
Customs’ Move To Impound Private Jets
LAST week, the Nigeria Customs Service (NCS) threatened to impound 29 private jets on which the owners had not paid…
Oil Rises Modestly As U.S. Crude Stockpiles Dwindle
Oil prices edged higher on Wednesday, rebounding from early losses after U.S. crude stockpiles unexpectedly fell and inventories at the…
Exxon Mobile Reduce Production In Chad
Exxon Mobil said on Wednesday it had temporarily cut back production at its unit in Chad and reduced staffing in the…
PWC And UNDP In Agreement To Support Technology-Enabled Approach In Nation Ecosystem
Price Water House Coopers (PwC) and the United Nations Development Programme (UNDP) have signed a Memorandum of Understanding (MoU) to…
German software giant “SAP” Q3 Revenue Is 20% Above 2020 Q3 Revenue
German software giant SAP on Thursday posted a jump in revenue at its fast-growing cloud unit, which helped boost the company’s earnings…
Federal Government In Discussion With International Monetary Fund On Terms Of Repayment Of Loan
The federal government is negotiating with the International Monetary Fund (IMF) on repayment terms for the $3.4 billion extended to…
AFDB, ADFl, And Y’ello Digital Financial Services Agreed On $500,000 Grant For Women
The African Development Bank initiative, the Africa Digital Financial Inclusion Facility (ADFI), and Y’ello Digital Financial Services (YDFS), the fintech…
Gold Nudges Higher As Weaker Dollar Lends Support
Gold prices inched up on Thursday, extending gains into a third session as a softer dollar made the metal cheaper…
Power Generation Companies In Nigeria suffered Loss Of N1.66 Trillion In Seven Years
Power generation companies in Nigeria have said they suffered a loss of N1.66tn in seven years as a result of…
Turkey And Nigeria Sign A Bilateral Agreement On Improving Security And Trade
The need to improve security and trade between Nigeria and Turkey formed the highlight of the bilateral agreements signed yesterday…
Microsoft: Window 11 Is Available For Free Upgrade On Eligible Windows 10 PCs
Microsoft has announced the availability of Windows 11 around the world, through a free upgrade on eligible Windows 10 PCs…
Evergrande Shares Dropped By Over10 Percent
China Evergrande shares briefly dropped more than 10% in opening trade on Thursday, after a deal to sell some of its…
International Renewable Energy Agency And International Labour Organization Partners To Promote Employment For Women
The Directors-General of the International Renewable Energy Agency and the International Labour Organization have signed an agreement to reinforce their…
Lagos State Ministry Of Education Train 50 Teachers In Partnership With US Consulate General
The Lagos State Ministry of Education has partnered with the US Consulate General to train 50 teachers from the Education…
Nigeria Maintains Position As Africa’s Most Valuable Nation Brand Amid Pandemic
Despite Covid-19 pandemic economic shocks, Nigeria has retained its position as Africa’s most valuable nation brand for the third consecutive…
#EndSARS: Tension In Lagos Over One Year Memorial
Police: Only indoor, virtual events will be allowed • Police lack powers to ban protests, Falana insists • Protesters to…
Bitcoin Hit All Time High
Bitcoin notched a fresh all-time high on Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded…
China’s Yuan ouches Firmest Point Since June After Strong Fixing
China’s yuan briefly rose to its highest point against the U.S. dollar in more than four-and-a-half months on Wednesday after…
FX Turnover On FMDQ Drops By 28.4% On Reduced CBN Interventions, Foreign Portfolio Investment
Following reduced interventions by the Central Bank of Nigeria (CBN) and a decline in foreign portfolio investment (FPI) net flows,…
Chinese Exporters Hikes Price By 10%
Chinese exporters are hiking prices, injecting inflation risk into a global economy already hit by supply chain and shipping disruptions. At…
NIgerian Railway Corporation Resumes Cargo Movement From Lagos To Kano, Kaduna Dry Port
The Nigerian Railway Corporation (NRC), has resumed movement of cargoes in containers to Kano and Kaduna Inland Dry Port. Ismail…
Rising Transportation,Shelter And Food Price Push Canada Inflation Up By 4.4%
Canada’s annual inflation rate accelerated to an 18-year-high in September, driven by rising transportation, shelter and food prices, data showed…
Dollar Drops As Rate-Hike Bets Profilerate Elsewhere, Yuan Hits 4-Mth Peak
The dollar retreated on Tuesday to a three-week low, hit by a proliferation in rate-hike bets in other markets, while…
Enhancing Credit Recovery Mechanism To Save Economy
James Emejo writes that just as lack of access to credit could hamper business and retard economic growth, inability/refusal to…
Mortgage Demand Drop By 6.3% Due To Increase In Mortgage Interest Rate
Climbing mortgage interest rates caused another drop in mortgage demand for both refinances and home purchases. Total application volume fell…
Goldman Sachs To Integrate Virtual Card Technology By Partnering With American Express
Goldman Sachs is partnering with American Express to upgrade its digital cash management offering. The investment bank is leaning on the world’s…
Sterling Hits One-Month High Vs Dollar As UK Rate Hike Anticipation Builds
Sterling hit a four-week high against the dollar on Tuesday as expectations mount the Bank of England (BoE) will hike…