Business CBN Releases Banks’ Excess CRR To Spur Economic Recovery Dec 2, 2020 0 As part of efforts to support economic recovery and propel the quest to return to the growth path, the Central Bank…
Business Customs Explains Multiple Import Counter-Check System Dec 2, 2020 0 COORDINATOR of the Comptroller General of Customs Strike Force Zone ‘A’, Ahmadu Bello Shuaibu, has said the…
World Trump Sues To Reverse Biden Win In Wisconsin Dec 1, 2020 0 President Donald Trump’s campaign filed a lawsuit Tuesday in Wisconsin seeking to invalidate President-elect Joe…
Business AfCFTA – Nigeria Can Ban 10% Of Sensitive Goods, Others At Borders Dec 1, 2020 0 Lagos and Abuja — In spite of the African Continental Free Trade Area (AfCFTA) starting in January, Nigeria has the…
Business Nikola founder Trevor Milton can sell his 91.6 million shares starting Tuesday as… Dec 1, 2020 0 Ousted Nikola founder and Chairman Trevor Milton is the company’s largest shareholder with more than a fourth of…
Business Nigeria’s Oil Rig Count Dips By 30% In One Month Dec 1, 2020 0 Nigeria’s active rig count has dropped significantly by 30 per cent to seven in October 2020 as against 10 recorded…
Business Euro Near Three-Month High As Dollar Takes A Hit; Bitcoin At New High Dec 1, 2020 0 The euro was close to a three-month high on Tuesday as the U.S. dollar fell on expectations of more monetary…
Business Crash In Money Market Instruments Triggers N2.3tr Gain Dec 1, 2020 0 Investors on the Nigerian Stock Exchange (NSE) gained N2.3 trillion in November, as the market recorded its best…
Local Buhari Asks Nigerians To ‘Embrace Gas As Alternative To Fuel’ Dec 1, 2020 0 The President made this call on Tuesday during the unveiling of the National Gas Expansion Programme and National…
Business First Virtual Trade Mission For UK-Africa Legal Services Dec 1, 2020 0 stry of Justice’s Legal Services are GREAT (LSAG) campaign, it will promote the UK’s prestigious legal sector to…
Business Nigeria To Push CNG As Alternative Transport Fuel, Reduce Reliance On Gasoline Dec 1, 2020 0 London — Nigeria has started the roll out of compressed natural gas (CNG) as a key transport fuel as part of the…
Business FG, Egyptian Firm Sign Pact To Invest In Gold Mining Dec 1, 2020 0 The Federal Government and Messrs La Mancha Incorporated, a leading Luxembourg Incorporated Private Gold…
Business Federal Reserve Says Key Bank Lending Rate Will Be Phased Out By June 2023 Dec 1, 2020 0 An interest rate that banks around the world use as a benchmark for short-term borrowing will be phased out and…
Business 2016 REPOST: Nigeria’s Case Study On How Not To Float Your Currency Dec 1, 2020 0 Rumors of rate fixing. Scarcity of foreign exchange. A widening gap between the official rate and the runaway…
Business FG Lost N1.3trn To Import Duty, VAT Waivers –Minister Dec 1, 2020 0 The minister of finance, budget and national planning Hajiya Zainab Ahamed Shamsuna has said that the federal…
Business Dollar Loses Some Bounce As Focus Shifts To Fed Dec 1, 2020 0 An under pressure U.S. dollar handed back part of its month-end bounce on Tuesday, as investors reckoned on more…
Business Nigeria Eases Rules On Diaspora Remittances To Boost FX Liquidity Dec 1, 2020 0 Nigeria hopes to attract more remittances from its diaspora to boost foreign currency liquidity after the central…
Business CBN Issues New Guidelines On Foreign Remittances Dec 1, 2020 0 The Central Bank of Nigeria has said beneficiaries of diaspora remittances can now receive monies sent from abroad…
Business CBN Okays Dollar Collection For Diaspora Remittances Dec 1, 2020 0 The Central Bank of Nigeria (CBN) has stopped naira payment to recipients of diaspora remittances (dollar inflows)…
Business CBN Issues Subtle Warning Explaining How Domiciliary Accounts Should Be Used Dec 1, 2020 0 The Central Bank of Nigeria (CBN) issued a circular on Monday clarifying how domiciliary accounts will be operated…
Business Forex Scarcity Bites Harder, CBN Amends Diasporan Remittance Law Dec 1, 2020 0 The Central Bank of Nigeria said on Monday that it had amended the procedures for receipt of diaspora remittances…
Business Oil Falls After OPEC+ Talks Delay Sets Off Supply Alarm Dec 1, 2020 0 Oil prices fell on Tuesday as concerns over mounting supply returned to the fore after leading producers delayed…
Business Pfizer, BioNTech Apply For Coronavirus Vaccine Approval In Europe Dec 1, 2020 0 U.S. pharmaceutical giant Pfizer and its German partner BioNTech said they have applied to the European Medicines…
Business Don’t Reverse Ban On Rice Importation, Ortom Begs Buhari Dec 1, 2020 0 Governor Samuel Ortom of Benue State, on Monday, appealed to the President, Major General Muhammadu Buhari (retd.),…
Business FG Warns Against Christmas Carol, Tells Nigerians Abroad To Stay Away Dec 1, 2020 0 The Presidential Task Force on COVID-19 has urged Nigerians to be weary of festivities such as Christmas carols as…
Business Frantic CBN Allows Diaspora Remittances To Be Withdrawn In Dollars And Sold… Dec 1, 2020 0 To save the naira, CBN now allows diaspora remittances to be withdrawn dollar cash. The Central Bank of Nigeria…
Business CBN Removes Restriction On FX Receipt Through Domiciliary Accounts Dec 1, 2020 0 Beneficiaries of Diaspora remittances through International Money Transfer Operators (IMTOs) shall henceforth…
Business U.S. Dollar Drops To Lowest In More Than Two Years Dec 1, 2020 0 The dollar hit its lowest in two and a half years on Monday as broad risk sentiment improved overall, with…
Business Sterling Heads Higher On Hopes Of A Brexit Trade Deal Dec 1, 2020 0 secure a deal to govern nearly $1 trillion in annual trade from Jan. 1 but are yet to bridge differences on…
Business Govt, CBN Point To Results In Economy Recovery Plan Dec 1, 2020 0 At the backdrop of the slide into the second recession in five years, fiscal and monetary authorities are…