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…