Nigeria Governors Call For Full Deregulation Of Fuel Prices
Nigeria’s governors have called for a full deregulation of the country’s downstream oil sector so that pump price…
Yearly Archives
2021
African Financing Faces Mounting Challenges
International banks are increasingly reluctant to commit to African projects, although domestic banks are growing…
Naira Sells For N411.31/$1 At I&E As Cryptos Recover
Despite a drop in the demand for FX at the Investors and Exporters (I&E) window of the foreign exchange market…
EU Disburses €10m To Combat Human Trafficking In Nigeria
The European Union (EU) says it has invested 10 million euros in Action Against Trafficking in Persons and…
China Should Let Yuan Rise To Offset Imported Price Rises, C.Bank Official Says
China should let its yuan currency strengthen to help offset the impact of rising import prices, a central bank…
CNY: Hints Of A PBoC Change In FX Policy Priorities?
A central bank official has today proposed that China should let the yuan appreciate to offset the rising costs of…
Nigeria’s Biggest Data Center To Double Capacity On Demand Surge
Nigeria’s biggest data services firm, MainOne Cable Co., plans to almost double storage capacity over the next two…
IMF Pushes G20 States To Back $50bn Global Mass Vaccination Drive
Wealthy nation backing for a $50bn (£35bn) mass global vaccination drive could provide a $9tn boost to the world…
Hong Kong To Restrict Crypto Exchanges To Professional Investors
Cryptocurrency exchanges operating in Hong Kong will have to be licenced by the city’s markets regulator and will…
Pound Hits Two-Year High Against Dollar Amid Optimism For UK Recovery –
The pound reached a two-year high against the dollar (GBPUSD=X) on Friday amid rising hopes for a rapid economic…
Green Africa Gets Nod For Ticket Sales
Lagos-based airline, Green Africa, is set to commence ticket sales via its website – greenafrica.com ahead of…
Sterling Steadies After Strong Retail Sales Data; PMIs In Focus
The British pound was steady in early trading on Friday, on track for a weekly rise versus the dollar, after…
China Will More Than Double Millionaires By 2025, HSBC Says
Pedestrians walk past a Prada SpA store in the Wangfujing shopping area of Beijing, China, on Monday,…
Bitcoin’s Claim Of Rivaling Gold As Portfolio Hedge Loses Luster
ISTANBUL, TURKEY - APRIL 16: A woman uses a bank ATM next to a Bitcoin ATM machine at a shopping mall on…
Nigeria Has World Bank’s Largest Portfolio Of More Than $12b, Says Malpass
World Bank Group President David Malpass and Vice President for Western Africa, Ousmane Diagana, in a…
Nigerians To Pay N234 Billion Taxes Monthly With Petrol At N385 Per Litre
Tougher times are here and any pretension to the contrary has been ripped to shreds with Wednesday’s resolution of…
Nigeria To Release Swiss Ship Seized Three Years Ago
The Federal Government has agreed to release the Swiss-flagged San Padre Pio oil tanker that was seized in January…
WorldRemit Reaffirms Commitment To CBN’s Naira 4 Dollar Scheme
Global cross-border payment company, WorldRemit, has said it would continue to reward customers who receive…
Another Month, Another Good Auction For The DMO
The DMO held its monthly auction of FGN bonds on Wednesday. It offered its regular NGN150bn, raised NGN175bn…
FG Nabs Black Market Airline Operator, Vows Clampdown
Following recent complaints on activities of illegal operations by private jet owners in Nigeria, federal…
FOREX-Dollar Set For Weekly Loss As Taper Fears Subside; Crypto Bounce Loses Steam
The dollar hovered around recent lows on Friday and was set to notch a modest weekly drop as traders’ concerns…
How U.S. Government Paper Currency Began, And How Private Banknotes Ended
A couple months ago, in arguing that “The Fed should give everyone a bank account,” journalist Matt Yglesias cited …
Remittance: FBNQuest Backs CBN’s Extension Of Incentives
Analysts at FBNQuest Research have expressed support for the Central Bank of Nigeria (CBN)’s extension of its…
Why Immigration Suspended Passport Production
Overwhelmed by the plethora of demands by Nigerians desirous of leaving the country and pressured by the producers…
Nigerians To Submit Phone IDs In Three Months, Says NCC
The Nigerian Communications Commission has said Nigerians will have to submit the International Mobile Equipment…
Experts Carpet CBN, Say Serial Naira Devaluation Threatens Economy, Nigerians
Financial experts have decried the continuous devaluation of the naira by the Central Bank of Nigeria, stressing…
Treasury Calls For Crypto Transfers Over $10,000 Reported To IRS
The U.S. Treasury said the Biden administration’s proposal to strengthen tax compliance includes a requirement for…
A Welcome Extension Of The Incentive For Remittances
The CBN has extended its "Naira 4 dollar scheme" until further notice, and will be hoping for a strong recovery in…
Bitcoin cuts gains and briefly turns negative amid regulation fears
Bitcoin pared its gains and briefly dipped into negative territory on Thursday amid news that the Treasury…
Snap announces new Spectacles AR glasses that let you overlay digital objects on…
Snap on Thursday announced a new version of its Spectacles smart glasses. They use augmented reality, which…