Oil Falls On Surging Virus Cases And U.S.-China Tensions
Oil prices slipped on Monday as the positive impact from COVID-19 vaccines and an OPEC+ deal on oil production cuts…
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CBN Charges Nigerians On Lower Appetite For Foreign Goods
The Central Bank of Nigeria (CBN), yesterday, advised Nigerians to moderate their taste for foreign goods with a…
Norway’s DNB Faces $45 Million Fine Over Money Laundering Compliance Work
DNB, Norway’s biggest bank, could be fined 400 million Norwegian crowns ($45.4 million) by the country’s financial…
CBN Defines Chief Compliance Officers’ Role In Banks
The Central Bank of Nigeria (CBN) has approved new requirement for the appointment of chief compliance officers…
Brexit Crunch Time As EU And UK Still Divided Over Trade Deal
Brexit trade talks hung in the balance on Monday as Britain and the European Union made a last-ditch attempt to…
Tumbling Naira: Resolving Nigeria’s Balance Of Payment Deficit
Domiciliary accounts and remittances have emerged as twin touchy issues in the management of Nigeria’s foreign…
Sterling Volatility Jumps As No-Deal Brexit Risks Rise
Measures of expected swings in the British pound over the coming days jumped to their highest levels in eight…
Dollar Mired Near Two-And-Half Year Low, Sterling Eyes Last-Ditch Brexit Talks
The dollar started the week on the back foot on Monday after soft U.S. jobs data only solidified expectations of a…
Suspension Of Barge Operations: Nigeria Economy On The Verge Of Collapse – SINET
President Muhammadu Buhari has been urged to urgently call for the immediate withdrawal of a letter which…
Lufthansa Resumes Flights To Nigeria
The first Lufthansa flight after an eight months suspension occasioned by the coronavirus pandemic, arrived in…
CBN Expects $2bn Diaspora Remittances Monthly, Says Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Thursday, said the target of the CBN is for the…
UK And EU Leaders Say Brexit Talks To Resume In Bid To Find A Deal
British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen asked their Brexit…
Nigeria Losing $1.9bn Annually To Foreign Ship Owners – NSC
The Chief Executive Officer, Nigerian Shippers’ Council Hassan Bello, has said that Nigeria is losing $1.9bn to…
U.S. Ends Exchange Programs With China, Calling Them ‘Propaganda’
The U.S. State Department said on Friday it has ended five cultural exchange programs with China, calling them…
Canadian Dollar Cracks 78 U.S. Cents On Strong Jobs Data
The Canadian dollar strengthened to a two-year high against its U.S. counterpart on Friday as Wall Street rose and…
Dangote: Naira Devaluation Will Not Affect Nigeria’s Food Fortification Targets
Dangote said this at the 3rd Annual Nigeria Food Processing and Leadership Forum, which he chaired alongside Bill…
Pound Soars To 2018 High On Brexit Optimism, Dollar Weakness
The pound rallied on mounting speculation that Britain and the European Union are closing in on a Brexit trade…
Next Africa: Where Are The Vaccines?, South Africans Ask
The plaudits South Africa won for its swift initial response to the coronavirus in March are a distant memory.…
Why We’ve Been Able To Fast-Track Lagos-Badagry Expressway Project — FG
The Federal Government says additional alternative funding is speeding up reconstruction of the Lagos-Badagry…
Devaluation In Nigeria: Lesson For The Next Government By Dr Nasir Aminu
The effects of weakening the naira include more expensive imported goods. In an ideal world, this should discourage…
Recession: Nigerians Must Moderate Foriegn Goods Consumption To Stabilize Economy…
Central Bank of Nigeria, has advised Nigerians to moderate their insatiable tastes for consumption of foriegn goods…
Naira Steady As Oil Output Slips And Remittances Fall
Nigeria’s central bank weakened the naira for the third time this year amid dollar shortages and lower than…
We’ll Allow Freedom Of Speech, Not Reckless Use Of Social Media, Says FG
The Minister of Information and Culture, Alhaji Lai Mohammed, yesterday, restated the resolve of the President…
US Removes Visa Reciprocity Fee For Nigerians
The United States has removed the reciprocity fee imposed on visa applications for Nigerians.
Nigeria’s Ministry…
Tons Of Cocoa Beans Are Piling Up In Nigerian Ports
In Nigeria, efforts to claw back some of the foreign-exchange earnings lost to falling oil prices are causing…
Nigerian Currency Loses 1.1% Against USD At Parallel Market
The Naira took a slide against the US Dollar at the black market on Friday after it depreciated by N5 to trade at…
Lagos-Ibadan Train Tickets’ll Cost N3,000 To N6,000 – FG
The Federal Government on Friday announced the approval of transport fares on the new Lagos-Ibadan standard gauge…
Sterling Falls As Hopes For A Brexit Deal Recede; Talks Continue
Sterling was falling on Friday, retreating from the one-year high it reached the day before, on growing scepticism…
Dollar Set For Worst Week In A Month; Euro Rides High
The dollar was headed for its worst week in a month on Friday while the euro gained, as investors bet the U.S.…
Lufthansa Resumes Lagos, Abuja Flights
Lufthansa on Thursday welcomed passengers at Lagos airport on board on resumption of its nonstop flight from…