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Business

Oil Edges Higher After Brexit Deal, Gains Capped By Pandemic

News Editor Dec 27, 2020 0
Oil prices inched higher on Thursday, helped by late-day buying in a low-volume session to close out the week.…
Business

Mobile Payments Operators Request CBN To Reconsider Position On Diaspora…

News Editor Dec 27, 2020 0
The Association of Licensed Mobile Payments Operators (ALMPO) has appealed to the Central Bank of Nigeria (CBN) to…
Business

Nigeria’s Stock Market Closes For Christmas With N2bn Loss

News Editor Dec 27, 2020 0
Trading reverses on NSE, closes for Christmas with N2bn loss Nigerian Stock Exchange (NSE) on Thursday reversed…
Business

Dangote Refinery, A Potential Game-Changer, Says Platts

News Editor Dec 27, 2020 0
The Dangote refinery in Nigeria will be a “potential game-changer” once it comes online, according to a report by…
Business

Naira Gains N10 On Dollar At Black Market, Trades N465/$1

News Editor Dec 27, 2020 0
The Naira continued to wax stronger against the United States Dollar as it gained N10 at the black market on…
Business

British Finance Sector’s ‘EU Passport’ Set To Expire

News Editor Dec 27, 2020 0
On January 1, the European finance sector will lose a major player as Britain begins to chart its own course,…
Business

NPA Electronic Call-Up System To Decongest Ports

News Editor Dec 27, 2020 0
Come January 2021, the Nigerian Port Authority (NPA) will float the electronic version of its call-up system, which…
Business

Foreign Reserves Remain Pressured

News Editor Dec 27, 2020 0
Over the past few months, severe pressure has been mounting on the country's foreign reserves in face of dwindling…
Business

Nigeria’s Forex Inflow Hits $21bn In Q3

News Editor Dec 27, 2020 0
The total amount of foreign exchange inflow into the economy in the third quarter of 2020 stood at $21.46 billion,…
Business

Brexit Trade Deal Sealed: EU And UK Clinch Narrow Accord

News Editor Dec 27, 2020 0
Britain clinched a narrow Brexit trade deal with the European Union on Thursday, just seven days before it exits…
Local

Another New Coronavirus Variant Found In Nigeria, Says Africa CDC

News Editor Dec 27, 2020 0
Another new variant of the novel coronavirus seems to have emerged in Nigeria, the head of Africa’s disease control…
Business

Sterling Gains, Dollar On Back Foot Amid Hopes Brexit Deal Imminent

News Editor Dec 27, 2020 0
Sterling extended gains on Thursday amid expectations a long-elusive Brexit deal was imminent, raising hopes the UK…
Business

CBN Directs Banks To Close Naira Remittances Ledgers

News Editor Dec 27, 2020 0
THE Central Bank of Nigeria (CBN) has mandated Deposit Money Banks (DMBs) to close all ‘Naira General Ledgers’ used…
Business

Low Production Pushes Up Cement Price By 35%

News Editor Dec 27, 2020 0
The inability to meet market demand for cement coupled with low production volume by major cement companies in…
Business

Oil Climbs As U.S. Inventory Draw, Brexit Deal Hopes Boost Risk Appetite

News Editor Dec 27, 2020 0
Oil extended gains on Thursday in light holiday trade as a drop in U.S. stockpiles spurred demand hopes, while…
Business

NIN: Telecom Operators Get NIMC Enrolment Licences

News Editor Dec 27, 2020 0
Mobile network operators (MNOs) on Wednesday said they have enrollment and verification licences from the Federal…
Business

NSE Market Capitalisation Hits N20 Trillion On Sustained Rally

News Editor Dec 27, 2020 0
The market capitalisation of the Nigerian Stock Nigerian (NSE), which is the total value of all listed equities,…
Business

Pound Rally Seen Capped To 2018 Level On A Brexit Trade Deal

News Editor Dec 27, 2020 0
Currency strategists are delivering a reality check on how far the pound rally can go if the U.K. and European…
Business

Biggest Nigerian Pension Fund Manager Has Plan To Help The Naira

News Editor Dec 27, 2020 0
Faced with bond yields coming off record lows and a hard-to-trade equity market, Nigeria’s biggest pension-fund…
Business

Govt – Border Reopening: Poultry, Rice Importation Remain Banned

News Editor Dec 23, 2020 0
Osogbo — The Minister of Interior, Mr. Rauf Aregbesola, has said that despite the reopening of borders, the…
Africa

African Free Trade Agreement To Boost Agriculture

News Editor Dec 23, 2020 0
The African Continental Free Trade Area (AfCFTA), due to launch in January 2021, is likely to be a watershed for…
Local

Large Crowd Gathers At NIMC Office In Lagos For NIN Registration Amid COVID-19…

News Editor Dec 23, 2020 0
The Nigerian government had last week issued an ultimatum to all telecommunications operators in the country to…
Business

Nigeria Is Facing Worst Security Challenge In History – Gombe Gov

News Editor Dec 23, 2020 0
Gombe State Governor, Muhammadu Inuwa Yahaya, has declared that Nigeria is facing the worst security challenge in…
Business

Nigeria’s Parliament Passes $35.66 Bln Budget For 2021

News Editor Dec 23, 2020 0
Nigeria's parliament approved on Monday the government's 2021 budget of 13.6 trillion naira ($35.66 billion),…
Business

Sterling Slumps On Tighter UK Virus Curbs, Brexit Impasse

News Editor Dec 23, 2020 0
Sterling slumped against the dollar and euro on Monday after the British government announced new restrictions…
Business

NDIC Verifies Depositors In 42 Liquidated MFBs For Payment

News Editor Dec 23, 2020 0
The Nigeria Deposit Insurance Corporation (NDIC) is in the process of closing 42 Microfinance Banks (MFBs) which…
Business

Foreign Investments In Nigerian Shares Rise By 80.6%

News Editor Dec 23, 2020 0
FOREIGN portfolio investments in the Nigerian stock market rose by 80.6 per cent to its highest level in 11 months…
Business

New Coronavirus Strain Hits Pound, Euro As Investors Seek Dollars

News Editor Dec 23, 2020 0
The British pound and the euro fell on Monday as investors sought refuge in the dollar, after a fast-spreading new…
Business

FX Market Ends Week With Naira Weakening By 0.42%

News Editor Dec 23, 2020 0
The foreign exchange market closed the week with Naira weakening by 0.42 percent after exchanging with the dollar…
Business

Zero Oil Plan Designed To Boost Foreign Exchange Earning

News Editor Dec 23, 2020 0
Director General of the Nigeria Export Promotion Council (NEPC), Segun Awolowo has explained that the zero -oil…
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World

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