Business Nigeria’s Parliament Passes $35.66 Bln Budget For 2021 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 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 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% 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 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% 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 Dec 23, 2020 0 Director General of the Nigeria Export Promotion Council (NEPC), Segun Awolowo has explained that the zero -oil…
Business Dangote Cement To Commence Tranche 1 Share Buyback Programme By December 30th 2020 Dec 23, 2020 0 Dangote Cement Plc ("Dangote Cement" or "DCP" or the "Company") hereby announces the commencement of its share…
World Cameroon Says Boko Haram Infiltrates Top Business And Political Leaders Dec 23, 2020 0 A Cameroonian official said Friday he had found evidence that, as widely suspected, Boko Haram militants have been…
Business Oil Prices Skid As New Coronavirus Strain Fuels Demand Worries Dec 22, 2020 0 Oil prices dropped more than 3% on Monday, as a fast-spreading new coronavirus strain that has shut down much of…
Business Taming Nigeria’s Rising Inflation Dec 22, 2020 0 The recent report by the National Bureau of Statistics (NBS) showed that the consumer price index (CPI) which…
Local No Need To Panic Over New UK Coronavirus Strain, Says India’s Health… Dec 22, 2020 0 India’s health authorities remain vigilant and prepared to deal with a new more transmissible strain of the…
Business External Reserves Shed $567m In 2wks Dec 22, 2020 0 The nation's external reserves fell by $567 million in the first two weeks of this month. According to the…
Business COVID-19: Denmark Joins Growing List Of Countries To Ban Travel From UK Over… Dec 22, 2020 0 Countries around the world have imposed restrictions on travel from the UK due to fears of a new strain of the…
Business 42 Microfinance Banks Lose Licences Dec 22, 2020 0 The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The…
World Canada Restricts Travel From U.K. Due To New Strain Of Virus That Causes COVID-19 Dec 22, 2020 0 OTTAWA — The Trudeau government is restricting travel from the U.K. in an effort to prevent a new strain of the…
Business ‘Mobile Money Providers Will End Poor Practices In Financial Sector’ Dec 21, 2020 0 For 2021, we are certain that the worst case of coronavirus is over and believe that we will not have the…
Business Iraq Devalues Its Currency As Economy Unravels Dec 21, 2020 0 Iraq devalued its currency by about 20% against the dollar as the cash-strapped government faces an economic crisis…
Business Nigeria’s Forex Reserves Drops By $132.06 Million Dec 21, 2020 0 NIGERIA’s foreign exchange (forex) reserves dropped by $132.06 million at the weekend as the apex bank continued to…
Business Dollar Climbs, Sterling Sinks As Coronavirus Lockdowns Stoke Haven Demand Dec 21, 2020 0 The dollar climbed against major peers on Monday with investors seeking its relative safety as many countries…
Business Tesla’s Elon Musk Asks About Converting ‘Large Transactions’ To… Dec 21, 2020 0 Elon Musk on Sunday asked about the possibility of converting “large transactions” of Tesla Inc’s balance sheet…
Business Offshore Investments By Oil Majors Plunge Dec 19, 2020 0 OFFSHORE rig values have declined almost 42 per cent in the last 12 months, equating to a loss of around $30…
Business U.S. Dollar On The Verge Of Becoming A Problem Currency Again Dec 19, 2020 0 The Dollar buckled again Thursday after wading knee-deep into losses against all majors in moves that risk making…
Business Concerns Over Rising Pirate Attacks At Gulf Of Guinea Dec 19, 2020 0 There are concerns that the surge in cases of pirate attacks and kidnapping of crews on the Gulf of Guinea and…
Business Bitcoin Adoption In Nigeria Soars As Central Bank Blocks Remittances In Naira Dec 19, 2020 0 The Central Bank of Nigeria’s “Naira defense” policy is pushing more Nigerians towards Bitcoin and crypto adoption.…
Business Oil Dips, Heads For Weekly Gain As Vaccine Rollouts Support Dec 19, 2020 0 Oil dipped towards $51 a barrel on Friday though still headed for a seventh weekly gain in a row as investors…
Business NIS Confirms Upsurge In Emigration Dec 19, 2020 0 The Nigeria Immigration Service (NIS) has confirmed the increase in the number of Nigerians struggling to travel…
Business Foreign Investment Pours Into China Despite Trade War, Pandemic Dec 19, 2020 0 For all the talk of an economic decoupling between China and the U.S. and its allies, foreign companies continue…
Africa Africans In Diaspora Seek To Be Included In The Continent’s Development Agenda Dec 19, 2020 0 This was discussed at a meeting that took place in Nairobi this week attended by 150 Africans drawn from different…
Business Oil, Power Firms Owe Nigerian Banks N5.83tn – NBS Dec 19, 2020 0 The debts owed by energy firms to Nigerian banks rose by N200bn to N5.85tn in the third quarter of this year,…