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Business

CBN Frowns On Operators Paying Diaspora Remittances In Naira

Dec 17, 2020 0
The Central Bank of Nigeria (CBN) has issued additional guidelines to prevent operators from paying diaspora…
Business

FG Approves Ibom Deep Seaport Project

Dec 17, 2020 0
This was disclosed by Ini Ememobong ,Honourable Commissioner for Information & Strategy in a statement on…
Business

Naira Falls At I&E, Black Market As Bitcoin Reaches N10m

Dec 17, 2020 0
During the midweek session, the digital currency rose by more than 11.3 per cent to reach N10,467,000.00, extending…
Business

Canadian Dollar Falls By Most In A Month, Lagging G10 Currencies

Dec 17, 2020 0
The Canadian dollar weakened against its U.S. counterpart on Wednesday as oil prices edged lower and domestic data…
Business

FEC Approves Reopening Of Four Land Borders

Dec 17, 2020 0
Federal Executive Council (FEC) has approved the reopening of four land borders with immediate effect, while others…
Business

CBN Governor Faces Contempt Charge Over 182b Judgment Debt

Dec 17, 2020 0
A contempt charge has been instituted against the Governor of Central Bank of Nigeria, Godwin Emefiele, over his…
Business

Bitcoin Breaks $20,000 For First Time, Switzerland Named Currency Manipulator

Dec 17, 2020 0
Bitcoin smashed through $20,000 for the first time on Wednesday while the Swiss franc gained after the U.S.…
Business

Euro Rises Above $1.22 For First Time In More Than Two Years

Dec 17, 2020 0
Strong euro zone survey figures and hopes of progress on Brexit negotiations pushed the euro above $1.22 versus the…
Business

Pound, Euro Rise To Multi-Year Highs On Brexit Hope, Weak Dollar

Dec 17, 2020 0
The pound and euro advanced to their highest levels in over two years as optimism the U.K. and European Union may…
Business

Shipping Firms Risk Sanction Over Movement Of Empty Containers

Dec 17, 2020 0
The Nigerian Ports Authority, NPA, has warned shipping firms in Nigeria against not allowing empty containers into…
Business

China Approves Loan For $2.6bn AKK Gas Pipeline

Dec 17, 2020 0
China has approved and will disburse its 85 per cent loan required to fund the $2.6bn Ajaokuta-Kaduna-Kano gas…
Banking

Nigerian Banks Issues Disclaimer Against Azimo Money Transfer

Dec 17, 2020 0
Nigerian Banks have issued disclaimers against Azimo, a money transfer application that claims to facilitate global…
Business

Euro-Area Services Slump Eased Before New German Lockdown

Dec 17, 2020 0
Euro-area services came close to stabilizing in the first half of December -- a trend likely to be short-lived…
Business

Nigerian Cement Price Hike Causes Concern For Building Standards

Dec 17, 2020 0
The Nigerian Institute of Building (NIOB) has said the significant rise in cement prices in the country and the low…
Business

Foreign Reserves Fall $731m In 5 Weeks, As Crude Oil Prices Decline By 65%

Dec 17, 2020 0
The country’s foreign reserves fell by $731 million in five weeks, the latest figures obtained from the Central…
Business

Dollar Capped As U.S. Leaders Meet On Stimulus, Pound Underpinned By Brexit Hopes

Dec 17, 2020 0
The dollar languished near 2-1/2-year lows on Wednesday as progress toward a massive U.S. government spending bill…
Business

Nigeria Records $414.79m Foreign Direct Investment In Q3 – NBS

Dec 17, 2020 0
Nigeria recorded $414.79m Foreign Direct Investment in the third quarter of 2020 out of a total of $1.46bn capital…
Business

FG Expects $26bn Diaspora Remittance To Rise

Dec 17, 2020 0
The Federal Government on Tuesday in Abuja called on Nigerians in the Diaspora to be part of its programmes and…
Africa

Africa Trade Deal Could Tap $84bn In Export Potential

Dec 17, 2020 0
A continent-wide free-trade pact could help to realise more than $84 billion in untapped intra-African exports,…
Business

Recession, Inflation And Nigerian Households’ Income

Dec 17, 2020 0
Headline inflation which measures the total rise in prices within an economy, including commodities such as food…
Business

Naira Remains Flat Across Forex Markets As Improved Dollar Supply Continues

Dec 17, 2020 0
Forex turnover rose by 3.4%, as the Naira’s exchange rate at the NAFEX window maintained stability against the…
Business

Nigeria’s External Reserve Sinks To 8-Month Low

Dec 17, 2020 0
This is the lowest level since April when it touched $33.4 billion in the wake of the COVID-19 pandemic and falling…
Business

Nigeria Gives Telecoms Providers Two Weeks To Add ID Numbers To SIM Cards

Dec 16, 2020 0
Nigeria has given telecommunication providers two weeks to add valid National Identification Numbers (NIN) to…
Business

Naira Maintains Stability At Various FX Market Windows

Dec 16, 2020 0
The Naira extended its stability against the United States Dollar into a second day at the various windows of the…
Business

China Offers $145 Billion To Banks As Cash Supply Tightens

Dec 16, 2020 0
China injected cash into the financial system by offering medium-term loans, in the government’s latest effort to…
Business

AfCFTA: Nigeria To Become Petroleum Products Refining Hub, Says Sylva

Dec 16, 2020 0
The Federal Government says it will leverage the opportunities provided by the African Continental Free Trade Area…
Business

Nigeria’s Economy Likely To Contract By Over 4% In 2020 -World Bank

Dec 16, 2020 0
Nigeria's economy is likely to contract by more than 4% this year, plunging the country into its deepest recession…
Business

Nigeria Inflation At Highest In Almost Three Years On Food Costs

Dec 16, 2020 0
Nigerian inflation quickened to an almost three-year high in November as dollar shortages, insecurity in farming…
Business

World Bank Approves $3bn For Nigeria

Dec 16, 2020 0
After threatening to withhold $1.5 billion until Nigeria carries out foreign exchange reforms to its satisfaction,…
Business

Nigerian Annual Inflation Nears Three-Year High In November

Dec 16, 2020 0
Annual inflation in Nigeria rose in November for the 15th straight month, to almost a three-year high, the National…
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NIGERIA

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World

UN Warns Trump Against Iran Strikes as Deadline Nears:…

Apr 7, 2026

Saudi warns of $50 oil if OPEC+ fails to honour cut deal

Oct 3, 2024

Walz, Vance clash at policy-heavy vice presidential debate

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