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  • Page 203

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Business

Nigeria, Others Recorded $540 Billion Remittance Flows In 2020 – World Bank

May 13, 2021 0
Despite the destabilising effects of the COVID-19 pandemic, Nigeria and other low and medium-income countries…
Business

Air Cargo Business Surges As African Airlines Record 24.6% Demand Spike

May 13, 2021 0
The International Air Transport Association (IATA) released March 2021 data for global air cargo markets showing…
Business

Oil Spill: Agip Shuts Down Oil Well In Bayelsa

May 13, 2021 0
The Nigerian Agip Oil Company (NAOC) on Wednesday confirmed an oil leak from its Idu oilfields at Egbebiri…
Business

Dollar Hits Fresh 10-Week Lows Ahead Of Inflation Report

May 13, 2021 0
The U.S. dollar dropped to a fresh 2-1/2-month low on Tuesday as investors bet that rising inflation could erode…
Business

Cement Prices Threaten Nigeria’s Economic Recovery

May 13, 2021 0
Dangote Cement, founded by Africa's richest man, Aliko Dangote, has a 60.6% market share, Lafarge Africa -…
Business

Agusto: Diaspora Remittances Will Increase 5% To $22bn In 2021

May 13, 2021 0
Agusto Consulting Limited, a credit rating agency, says diaspora remittances to Nigeria will increase by five…
Business

MoneyGram To Let Cryptocurrency Holders Cash In Their Investments

May 13, 2021 0
MoneyGram will let people in the U.S. withdraw their cryptocurrency holdings in cash, marking another step…
Business

Nigeria Wealth Fund To Sell Sukuk Bonds For Roads In 2021

May 13, 2021 0
The Nigeria Sovereign Investment Authority plans to raise equity capital and sell sukuk bonds this year to fund…
Business

Inflation Speeds Up In April As Consumer Prices Leap 4.2%, Fastest Since 2008

May 13, 2021 0
The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a…
Business

$100m Lost As NNPC Gives Bunkering Service To Foreigners, Says SOAN

May 13, 2021 0
Shipowners Association of Nigeria (SOAN) has said that $100 million is lost to capital flight as the Nigerian…
Business

Actis Plans To Double Africa Energy Investments To $2 Billion

May 13, 2021 0
Actis LLP, a London-based private equity firm focused on emerging markets, plans to finalize deals on six African…
Business

EXCLUSIVE: How Amaechi, Hadiza Usman Clashed Over Multibillion Naira NPA Contracts

May 13, 2021 0
Months before her suspension last week, the Managing Director of the Nigerian Ports Authority (NPA), Hadiza Usman,…
Business

The Chinese Digital Currency Is Moving Forward – Will The US Follow?

May 13, 2021 0
As far as early adopters go, the People’s Bank of China (PBOC) has become the first major central bank to launch…
Business

CBN-Directed Board Changes At First Bank Of Nigeria And FBN Holdings Plc Address…

May 13, 2021 0
S&P Global Ratings said that changes to the boards of First Bank of Nigeria Ltd. (FBN; B-/Stable/B) and FBN…
Business

NSIA Assets Grow By N193b As Investment In Foreign Assets Appreciates

May 13, 2021 0
The Nigeria Sovereign Investment Authority (NSIA), yesterday, hinted that its net assets grew by N193.21billion in…
Business

Yuan Eases As FX Demand For Dividend Payments Kicks In

May 13, 2021 0
"The PBOC's Q1 monetary policy report suggests that the central bank is not worried about imported inflation,…
Business

Euro Zone To Rebound More Strongly, Borrowing Curbs To Stay On Hold -EU

May 13, 2021 0
The euro zone economy will rebound from its COVID-19 slump more strongly than previously thought this year and…
Business

Currencies Tumble As Stocks Erase Gains

May 12, 2021 0
What started off as a strong day for risk appetite turned into losses for currencies and equities. The…
Business

FG Action On Nigerian Traders In Ghana Excites MATAN

May 12, 2021 0
The Market Traders Association of Nigeria (MATAN) has expressed delight on steps taken by the Federal Government to…
Business

Glo Begins Reactivation Of SIM Cards

May 12, 2021 0
Globacom on Tuesday announced the recommencement of SIM card activation at its service outlets across Nigeria.…
Business

$153 Million, 80 Houses Recovered From Diezani —EFCC Boss

May 12, 2021 0
The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has disclosed that the commission…
Business

Nigeria’s Diaspora Remittances To Hit $22bn – Report

May 12, 2021 0
Nigeria’s diaspora remittances have been projected to rise by five per cent to $22bn by the end of 2021. Agusto…
Business

Forex-Commodity Currencies Hold Advantage As Dollar Waits For Inflation And Fed

May 12, 2021 0
The dollar nursed losses against the currencies of major commodity exporters which enjoyed support from…
Local

CBN: Manufacturing Sector Vital To Economy

May 12, 2021 0
THE manufacturing sector plays an important role in the country’s economy and will continue to do so in every…
Business

Pipeline Outage Causes U.S. Gasoline Supply Crunch, Panic Buying

May 12, 2021 0
Gas stations from Florida to Virginia began running dry and prices at the pump rose on Tuesday, as the shutdown of…
Local

DPR Pledges To Complete First Floating LNG Production Plant

May 12, 2021 0
The Department of Petroleum Resources (DPR) has pledged support to the completion of Nigeria’s first floating…
Business

CBN Action Won’t Affect FBN Holdings Asset Quality, Profitability—Fitch

May 12, 2021 0
Fitch Ratings has disclosed that the removal of the non-executive board members of FBN Holdings Plc and First Bank…
Local

Stock Market Reopens Upbeat As Capitalisation Rises By N60 Billion

May 12, 2021 0
Following gains recorded by most blue chip stocks, the Nigerian Exchange Limited (NGX) reopened in…
World

Pound Up Against Dollar And Euro Amid Hopes For Strong UK Recovery

May 12, 2021 0
Analysts say SNP’s failure to achieve overall majority in Scottish elections also a factor in highest level against…
Business

Pound Rallies Over $1.41 To Highest Since February

May 12, 2021 0
The pound has surged on the foreign exchange markets today, thanks to a cocktail of economic optimism and fading…
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NIGERIA

Business

CBN Pushes for Single-Digit Inflation Target Amid Global Shocks as Nigeria Defends Economic Reforms

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Macroeconomic

Shell Invests $16.4 Billion in ARC Resources Deal to Boost Canadian Gas and LNG Expansion

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World

UN Warns Trump Against Iran Strikes as Deadline Nears:…

Apr 7, 2026

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