Proposed Introduction Of Digital Currency Excites Nigerians
The undoubted groundswell of support for the introduction of digital currency by the Central Bank of Nigeria (CBN)…
Yearly Archives
2021
Coinbase-backed Crypto Trading Firm Hits $1 Billion Valuation After Fresh Funding
Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back…
Ex-Facebook VR Exec Says He’ll Turn U.S. Troops Into ‘Invincible Technomancers,’…
Anduril founder Palmer Luckey announced Thursday that his start-up has raised an additional $450 million in…
Govt Removes Evans PLC, 3 Others From Stock Listing
The board of the Nigerian Stock Exchange, NGX, on Monday, announced the removal of Evans Medical Plc,…
Agricultural Imports Hit N3.1trn In 2 Years As Food Prices Surge
The rise in agricultural imports has continued unabated despite hundreds of billions of naira in funding backed by…
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…
FG Approves Resumption Of FCT Land Swap Scheme
The Federal Executive Council (FEC) has approved the resumption of the Federal Capital Development Authority (FCDA)…
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…
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…
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…
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.…
Nigeria Mobile Money Market Size, Share, Trends, Analysis And Forecast Report…
Nigeria Mobile Money Market Analysis By Top Key Players - Cellulant Nigeria Limited, Ecobank Nigeria Limited…
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…
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…
Shippers Organise To Influence Policies
Amidst growing concerns over arbitrary shipping charges and unfavourable policies, Nigeria’s shippers have set up a…
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…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
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.…
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…
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…
Rising Prices Pushed Seven Million Nigerians Below Poverty Line In 2020 – World…
The World Bank has said rising prices pushed about seven million Nigerians below the poverty line in 2020.
This…
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…