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Business

Kyari: It No Longer Makes Sense To Operate The Refineries

Nov 28, 2020 0
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, said the corporation…
Local

Nigeria, Ghana, Others Move To Address Population Growth

Nov 28, 2020 0
Nigeria, Ghana and other West African countries on Thursday held a conference in Abuja to address human development…
Business

China’s Central Bank Could Intervene After ‘Glaring’ State-Firm Bond Defaults,…

Nov 27, 2020 0
SINGAPORE — The People’s Bank of China (PBOC) could step in following a number of recent bond defaults by Chinese…
Business

Dollar Poised For Weekly Losses On Improving Risk Sentiment

Nov 27, 2020 0
The dollar held steady in thin trade on Friday but was on track for weekly losses against a basket of major…
Business

Protect Nigerian Businesses In Your Country, Lawan Tells South Africa

Nov 27, 2020 0
Senate President Ahmad Lawan on Thursday urged the South African authorities to reciprocate the Nigerian…
Business

Crisis Hits Apapa Port As CCECC Demolishes Structures, Cripple Seaport Operations

Nov 27, 2020 0
Operations at the Apapa container terminal, operated by APM Terminals, were paralysed on Wednesday as the…
Business

FG Approves N30bn For Roads To Niger Republic

Nov 27, 2020 0
ABUJA—THE Federal Executive Council, FEC on Wednesday approved contracts for construction of two roads from Sokoto…
Business

General Gowon Denies Looting ‘Half Of CBN’

Nov 27, 2020 0
Nigeria’s former Head of State, General Yakubu Gowon, has denied ‘looting half of Central Bank of Nigeria (CBN),’…
Business

We Deliberately Shut Down Refineries – NNPC GMD

Nov 27, 2020 0
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Thursday said the…
Business

Nigeria: Smugglers Reign Large Despite Border Closure

Nov 27, 2020 0
As the Yuletide season approaches, more smuggled items — mainly foreign parboiled rice, tomato paste, frozen…
Business

Oil Falls To $47 As Fate Of OPEC+ Deal Uncertain

Nov 27, 2020 0
The international oil benchmark, Brent crude, pared some of its recent gains on Thursday as what seemed to be…
Business

Naira In Big Trouble, Falls To N495/$1 At Black Market

Nov 27, 2020 0
The attempt by the Central Bank of Nigeria (CBN) to discourage Nigerians from seeking forex at the parallel market…
Local

Nigeria: BPE Hands over Afam Power Plant to Transcorp

Nov 27, 2020 0
The Bureau of Public Enterprises (BPE) has handed over the Afam Power Plant in Oyigbo Local Government of Rivers…
Business

Netherlands Returns Smuggled 600-Year-Old Ife Terracotta To Nigeria

Nov 27, 2020 0
The Kingdom of Netherlands on Thursday officially presented a smuggled Ife Terracotta antiquity dated to be at…
Business

World’s Outlier On Remittances Has Currency Woes To Blame

Nov 27, 2020 0
Nigerians living abroad could be sending more money home than authorities realize, bypassing official channels so…
Business

Nigeria’s Traditional Textiles Threatened By Chinese Imports

Nov 27, 2020 0
JOS, NIGERIA - Nigeria has been producing traditional, handmade, beautiful fabric designs for centuries. But…
Africa

AFRICA-FX-Kenyan, Zambian, Nigerian Currencies Seen Under Pressure

Nov 26, 2020 0
The currencies of Kenya, Zambia and Nigeria are expected to come under pressure versus the U.S. dollar next week,…
Business

Bob Diamond’s African Bank Exits Two Markets As It Enters Debt Talks

Nov 26, 2020 0
Atlas Mara Ltd., the African banking group started by former Barclays Plc Chief Executive Officer Bob Diamond,…
Business

Nigeria To Strengthen Infrastructure Company To Boost Recovery

Nov 26, 2020 0
Nigerian state-owned Infrastructure Credit Guarantee Company plans to raise additional capital to fund critical…
Business

Nigerian Central Bank Rule Leaves Cocoa Stranded At Ports

Nov 26, 2020 0
Nigerian cocoa exporters are facing long delays in shipping their goods after the central bank started insisting on…
Business

Naira May Head To N500 Against Dollar On Black Market Next Week

Nov 26, 2020 0
The foreign exchange market has been under pressure since March 2020 following a sharp drop in oil prices as a…
Business

Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin To…

Nov 26, 2020 0
A former Microsoft software engineer and co-founder of Buycoins Africa Tomiwa Lasebikan says some Nigerians…
Local

FG Moves For Better Forex Access

Nov 26, 2020 0
As the naira sustains its sliding profile against the American dollar at the parallel market, Vice President Yemi…
Business

Nigeria Argues Over The Writing On Its Banknotes

Nov 26, 2020 0
Some say Arabic script smacks unconstitutionally of Islam. Others shrug Malcolm omirhobo is no stranger to the…
Business

Nigeria Weak On Innovation Infrastructure’

Nov 26, 2020 0
THE National Centre for Technology Management (NACETEM) yesterday said Nigeria was weak on innovation stressing the…
Business

Euro Retreats After Early Gains; Swedish Crown Falls After Riksbank QE Expansion

Nov 26, 2020 0
The euro retreated on Thursday after briefly hitting a near three-month high against the dollar as concerns about…
Business

Importers, Clearing Agents Lament As Railway Contractor Stalls Cargo Evacuation At…

Nov 26, 2020 0
Cargo evacuation at APM Terminal, Apapa , were yesterday paralysed as the contractor handling the rail project at…
Business

Pound Near Three-Month High As Weak Dollar Counters Unease On Brexit Talks

Nov 26, 2020 0
Sterling held near a three-month high on Thursday as U.S. dollar weakness offset some of the uncertainty about the…
World

Exclusive: White House Considers Lifting European Travel Restrictions –…

Nov 26, 2020 0
The White House is considering rescinding entry bans for most non-U.S. citizens who recently were in Brazil,…
Business

CBN To Banks: Cut Service Cost

Nov 26, 2020 0
THE Central Bank of Nigeria (CBN) has advises banks and other financial institutions to reduce the cost of…
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NIGERIA

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World

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