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Business

Dollar Falls To Fresh 2-1/2-Year Low On U.S. Stimulus Bets

Dec 3, 2020 0
The safe-haven dollar sank to a fresh 2-1/2-year low in choppy trading on Wednesday, pressured once again by…
Business

Nigerian Port Authority’s E-Call Up System Could Help Solve Apapa Gridlock

Dec 3, 2020 0
The Nigerian Ports Authority has finalised plans to implement the electronic call-up system to control the entry of…
Business

Pope Condemns ‘Terroristic Massacre’ Of Nigerian Farmers

Dec 2, 2020 0
Pope Francis condemned on Wednesday the killing of scores of farmers and villagers in northeast Nigeria by…
Business

Stock Market Extends Gains By N55bn

Dec 2, 2020 0
Nigerian stock market sustained its positive outlook on Tuesday to begin the month of December on a positive note…
Business

Fitch Ratings: Forex Liquidity Risk May Affect Credit Rating Of Nigerian Banks

Dec 2, 2020 0
Fitch Ratings, a global credit rating agency, predicts a risk in the rating of Nigerian banks due to foreign…
Business

Terrorism: Don’t Unfreeze #EndSARS Campaigners’ Accounts, CBN Begs Court

Dec 2, 2020 0
THE Central Bank of Nigeria has asked Justice Ahmed Mohammed of a Federal High Court in Abuja not to unfreeze the…
Business

Pound Jumps As Traders Look For Endgame To U.K.-EU Trade Talks

Dec 2, 2020 0
The pound rallied the most in more than a week, as speculation grows British and European officials are getting…
Business

Naira Appreciates At N490/$1 In Parallel Market After New CBN Policy

Dec 2, 2020 0
This is coming a day after it weakened at N500 to the dollar in the parallel market. The CBN had, on Friday,…
Business

Diaspora Remittances, Domiciliary Accounts Become Battlegrounds For Nigeria’s FX…

Dec 2, 2020 0
Truth is no one will gladly send a dollar to Nigeria at N390 if he or she can get N490-500 for the same dollar.…
Business

Businesses Need Lower Interest Rates To Kick-Start Recovery

Dec 2, 2020 0
Creaking grid: Electric wires in Ojuelegba district in Nigeria's commercial capital Lagos, June 18, 2018.…
Business

Ivory Coast Struggles To Sell Cocoa Amid Dispute Over Farmer Premium

Dec 2, 2020 0
Ivory Coast has not sold up to 15% of cocoa from its ongoing main crop, while the vast majority of the upcoming…
Business

Threats, Detentions And Frozen Assets: Nigeria’s Protesters Depict Pattern…

Dec 2, 2020 0
At 7 a.m. on a recent Saturday, Onomene Adene received a call from a man whose voice she did not recognise. The…
Business

Musk to Tesla employees: ‘Our stock will immediately get crushed like a souffle…

Dec 2, 2020 0
Tesla CEO Elon Musk sent an e-mail to employees on Tuesday warning them that they need to control their spending in…
World

Japan Makes COVID-19 Vaccine Free For Residents

Dec 2, 2020 0
Japan on Wednesday enacted a law to cover the cost of vaccination against COVID-19 for residents. Amid rising…
World

Dr. Scott Gottlieb sees Covid vaccine in ‘rationing type of environment’ well into…

Dec 2, 2020 0
Dr. Scott Gottlieb told CNBC on Wednesday the availability of coronavirus vaccine doses is likely to be limited in…
Business

Naira Reverses Loss, Trades At N470/$

Dec 2, 2020 0
It is currently trading at N470 to the dollar. The naira, which had previously exchanged at N500/$, strengthened…
Business

CBN Directs Banks To Close Naira Ledger Accounts For IMTO

Dec 2, 2020 0
The Central Bank of Nigeria (CBN) has directed banks in the country to close all naira ledger accounts opened…
Business

Delay In Vaccine Rollout Is The Top Risk To The Economic Recovery, ECB Member Says

Dec 2, 2020 0
LONDON — A potential delay to the distribution of coronavirus vaccines is the biggest risk facing the economic…
Business

Oil Holds Steady With OPEC Working To Bridge Gaps On Policy

Dec 2, 2020 0
Oil held steady in New York, with OPEC and its partners engaging in a diplomatic push to agree on output levels…
Business

Minister Assures Investors Of Forex In Machinery Procurement

Dec 2, 2020 0
The Federal Government on Monday assured local raw materials investors that they will be given priority in foreign…
Business

Govt Assures Investors Of Access To Forex For Machinery Importation

Dec 2, 2020 0
The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo has assured investors using local raw materials…
Business

CBN Issues Fresh Directives On Foreign Currency Payment Of Diaspora Remittance

Dec 2, 2020 0
The Central Bank of Nigeria CBN) has issued fresh directives to International Money Transfer Operators (IMTOs) on…
Business

Sterling Slips Below $1.34 As Brexit Trade Deal Doubts Emerge

Dec 2, 2020 0
Sterling dipped below $1.34 as doubts resurfaced over whether Britain can seal a post-Brexit trade deal with the…
Business

Nigeria’s Biggest Bank In Talks To Buy Atlas Mara Assets

Dec 2, 2020 0
Nigeria’s biggest bank is in talks about a potential acquisition of assets belonging to Bob Diamond’s Atlas Mara…
Business

Dollar Rises From Two-And-A-Half-Year Lows, Risk Currencies Retreat

Dec 2, 2020 0
The dollar rose from a two-and-a-half-year low on Wednesday as investors assessed the likelihood of further fiscal…
Business

CBN Introduces Special Bills To Deepen Financial Market

Dec 2, 2020 0
The Central Bank of Nigeria (CBN) will make N250 billion available for infrastructure funding in a bid to expand…
Business

Dollar Savers Offload Deposits As Naira Exchanges For N490/$

Dec 2, 2020 0
The naira on Tuesday recorded significant gains against the dollar. The local currency’s appreciation against the…
Business

Naira Depreciates At I&E On 379.6% Jump In FX Demand

Dec 2, 2020 0
The Naira slid by 0.96 per cent or N3.75 against the US Dollar at the Investors and Exporters (I&E) window of…
Business

Will I Need A Visa To Go To The EU After Brexit?

Dec 2, 2020 0
With less than a month before the end of the Brexit transition period, there are still many uncertainties about the…
Business

FX Inflows: CBN Enables Cash Withdrawal In Foreign Currencies

Dec 2, 2020 0
In order to bridge the wide exchange rate between the legalised foreign exchange (forex) markets and the parallel…
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World

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