Business Interventions Drive Daily I&E Window Sales To $150m Dec 1, 2020 0 The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said interventions introduced by the CBN have…
Business Dollar Plumbs Two-Year Low As Fed Comes In To Focus Dec 1, 2020 0 The dollar touched a more than two-year low on Monday and is set to log its largest monthly fall since July as a…
Business Electricity Grid Collapses In Nigeria, Africa’s Largest Economy Nov 30, 2020 0 Nigeria’s national electricity grid collapsed on Sunday, the Transmission Company of Nigeria (TCN) said in a…
Business Nigeria’s Defense Of A Spiraling Naira And Its Multiple Exchange Rates Isn’t… Nov 30, 2020 0 At any point in the last few years, Nigeria’s naira has always had multiple exchange rates. As of Friday (Nov.…
Business Naira Hits Four-Year Low As Nigeria Central Bank Adjusts Rate Nov 30, 2020 0 Nigeria’s central bank weakened the naira for the third time this year as the regulator struggles to stem demand…
Business Expanding Financial Services Access With Cryptocurrencies Nov 30, 2020 0 The Cryptocurrency space is fast expanding, with more people, including those at the grassroots embracing the…
Business Nigerian Naira Weakens In NDF Markets After Spot And Futures Market Ease Nov 30, 2020 0 Nigeria's naira slipped across the curve against the dollar in non-deliverable forward markets on Monday, with the…
Business Oil Can No Longer Sustain Nigeria Economy, Kogi Agric Commissioner Warns Nov 30, 2020 0 The Kogi State Commissioner For Agriculture, Mr David Apeh, has warned that the continuous dependence on crude oil…
Business Nigeria Spends Over N370b On Palm Oil Importation Nov 30, 2020 0 Despite the restriction placed by the Federal Government on palm oil importation, the inflow of the edible product…
Business Rewane Speaks At FMDA Webinar, Predicts 16% Inflation Rate By 2021 Nov 30, 2020 0 The Managing Director, Financial Derivatives Company Limited, Bismarck Rewane has predicted 16 per cent inflation…
Business Investors Split On Duty Cut For Imported Vehicles Nov 30, 2020 0 The proposed policy in the 2020 Finance Bill that seeks to slash duties and levies on imported vehicles has raised…
Business Why Eight States Landed In Financial Distress —Report Nov 30, 2020 0 FOR their inability to generate enough revenue to pay workers, other debts, and prioritizing recurrent over capital…
World Biden To Name Adewale Adeyemo Deputy Treasury Secretary Nov 30, 2020 0 United States (US) President-Elect, Joe Biden, is about to announce Nigerian-born attorney and economist, Adewale…
Business Nigeria’s, Others’ Mobile Money Transaction Value Hits $130b Nov 30, 2020 0 The value of mobile money transaction in Nigeria and other West African countries peaked at $130billion last year…
Business CBN Reiterates Commitment To Tackling Cyber-Fraud Nov 30, 2020 0 In a bid to tackle the increasing threats of cyber-attacks in the financial sector, the Central Bank of Nigeria…
Business OPEC+ Fails To Agree On Output-Hike Delay Before Big Meeting Nov 30, 2020 0 A panel of OPEC+ ministers couldn’t reach an agreement on whether to delay January’s oil-output increase, leaving…
Business BDCs Now To Sell Dollars At N392$1 Nov 30, 2020 0 The Central Bank of Nigeria (CBN) has adjusted the exchange rate Bureau De Change (BDC) operators are to sell the…
Business Nigeria’s Half-Year Export Earnings Slump 37 Percent On Declining Oil Price Nov 30, 2020 0 The decline in earnings was worsened by the impact of COVID-19 which dampened the global demand, plummeting crude…
Business Oil Prices Slip In Cautious Trade Ahead Of OPEC+ Meet Nov 30, 2020 0 Crude oil prices fell on Monday, amid investor jitters ahead of a meeting of producer group OPEC+ to decide…
Business Naira Crashes To N500/$1 At Black Market As CBN Adjusts Exchange Rates Nov 30, 2020 0 The Naira crashed again to an over 3-year low against the dollar, closing at N500/$1 at the parallel market.…
Business Fear Of Further Devaluation Rife As Naira’s Slide Continues Nov 30, 2020 0 The naira hit record lows at the weekend as market forces continued to force downward shift in Central Bank of…
Business IMF Seeks Unified Exchange Rate For Naira Nov 30, 2020 0 THE International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to get the country a unified…
Business Nigeria Weakens FX Rate For Exchange Bureaux To Ease Pressure On Naira Nov 30, 2020 0 Nigeria's central bank has weakened the naira by 1.5% to 390 per dollar for exchange bureaux, in an attempt to ease…
Business Trump Says His Election Challenges Probably Won’t Make It To The Supreme Court Nov 30, 2020 0 President Donald Trump acknowledged his vanishing path to overturning the results of the 2020 election in court on…
Business Stock Futures Fall As Wall Street Is Set To Wrap Up A Historic November Nov 30, 2020 0 Stock futures dipped in overnight trading on Sunday as the market looks set to finish November with historically…
Business Fauci Says Christmas And New Year’s Restrictions Will Be Necessary Due To Holiday… Nov 30, 2020 0 Dr. Anthony Fauci, the nation’s top infectious disease expert, said on Sunday that the U.S. is heading into a…
World Biden Will Likely Require Walking Boot For Several Weeks After Fracturing Foot Nov 30, 2020 0 President-elect Joe Biden will likely have to wear a walking boot for several weeks after suffering small fractures…
Local Nationwide Blackout In Nigeria As Electricity Grid Collapses Nov 30, 2020 0 The Transmission Company of Nigeria (TCN) says the nation’s electricity grid on Sunday experienced multiple…
Business Things Are Looking Up For Oil, But Opec Can’t Uncross Its Fingers Just Yet Nov 30, 2020 0 Despite good vaccine news and price rises, the cartel could still meet a few bumps in the road – some of them of…
Africa Travel Agents In Mideast, Africa Say UAE Is Blocking Visas Nov 30, 2020 0 DUBAI, United Arab Emirates (AP) — Travel agencies in countries across the Middle East and Africa say the United…