Business Oil Jumps On Vaccine Hopes, OPEC+ Signal To Tweak Deal Nov 9, 2020 0 Oil jumped on Monday by almost 10%, the highest daily rise in almost 6 month, after Pfizer said its COVID-19…
Business Sterling Hits Nine-Week High Overnight; Steadies Before Next Brexit Talks Nov 9, 2020 0 Sterling edged up in early London trading on Monday after reaching a nine-week high versus the dollar overnight, as…
Business Riskier Currencies Maintain Gains Vs Dollar On Biden Election Win Nov 9, 2020 0 The dollar stabilised on Monday after tumbling to a 10-week low in the wake of Joe Biden’s election as U.S.…
Business China’s Yuan Extends Best Week Since 2017 On Biden’s Victory Nov 9, 2020 0 The yuan extended its recent rally as the dollar weakened following Joe Biden’s presidential victory in the U.S.…
Business #EndSARS Protest Disruption Costs Economy N1.5tn – FDC Nov 9, 2020 0 The economic cost of the #EndSARS protest disruption is estimated at N1.5tn, approximately 1.03 per cent of the GDP…
Business Petrol Scarcity Looms As Oil Workers Down Tools Nov 9, 2020 0 Nigeria may face the scarcity of Premium Motor Spirit, popularly called petrol, in coming days as oil workers have…
World Biden’s New Plan For H-1B Visas, Green Cards Likely To Benefit Thousands Nov 9, 2020 0 With Kamala Harris as his deputy, Biden is expected to reverse the move of the outgoing Trump administration to…
Business Turkish Lira Jumps On Hopes For Rates Orthodoxy After Departures Nov 9, 2020 0 The Turkish lira surged the most since March 2019 on speculation higher interest rates could be coming after the…
Local Family Kicks As Six Nigerians Are Jailed In UAE For ‘Funding Boko Haram’ Nov 9, 2020 0 In April 2019, the Abu Dhabi federal court of appeal sentenced Surajo Abubakar Muhammad and Saleh Yusuf Adamu — two…
Business Naira Gains At Black Market As Improved Dollar Supply Continues Nov 9, 2020 0 Forex turnover improved by 9.12% as Nigeria’s exchange rate at the NAFEX window maintained its stability against…
Business Dollar Sinks After Biden Clinches U.S. Presidency Nov 9, 2020 0 The dollar hit a 10-week low on Monday as investors heralded Joe Biden’s election as U.S. president by buying…
Business We Owe CBN More Than N4tn, Says AMCON Nov 9, 2020 0 The Asset Management Corporation of Nigeria has said it owes the Central Bank of Nigeria more than N4tn. AMCON…
Local Rewane: Protests To Prolong Economic Recovery By Three Months Nov 9, 2020 0 Nigeria’s economic recovery from the impact of the COVID-19 pandemic as well as the slump in crude oil prices will…
Business Capital Market: Tax Waiver Could Be The Required Incentive Nov 9, 2020 0 The development of a strong and viable capital market is a complex process and requires a systematic approach…
Banking Banks’ Patronage At CBN’s Liquidity Window Drops To N48b Nov 9, 2020 0 The Central Bank of Nigeria (CBN) has said that daily patronage of the Standing Deposit Facility (SDF) by…
Business Brent Crude Tops $40 After Biden’s Win Lifts Risk-Takers Nov 9, 2020 0 Oil prices gained more than 2% on Monday, with Brent futures rising above $40 a barrel, after Joe Biden clinched…
Business Investors Gain N249 Billion At Stock Market Over Strong Firms’ Q3 Results Nov 9, 2020 0 Investors in the stock market earned about N249 billion last weekend after most of the listed companies started…
Business Nigerian, Chinese Firms Sign Agreement On Gold Mining Nov 9, 2020 0 Japaul Gold and Ventures has signed an agreement with Xiang Hui International Mining Company Nigeria to drill, mine…
Business Why PPMC Stopped Announcing Monthly Ex-Depot Price Nov 9, 2020 0 The Nigerian National Petroleum Corporation (NNPC) on Monday revealed why its subsidiary -Pipeline Products…
World Propriety Of Visa-For-Good-Behaviour In Elections Nov 9, 2020 0 During the last election in Edo and Ondo States, the ambassadors of the European Union, the United States and the…
Business Kano Commodity Exchange Market Begins Operation Q1 2021 Nov 9, 2020 0 The Kano Gezawa First Commodity and Exchange Market, established by the Accountant General of the Federation, Ahmad…
Business Import Ban Alone Can’t Fix Textile Sector – Stakeholders Nov 9, 2020 0 Despite the federal government’s concerted efforts to revitalise the nation’s over 250 moribund textile mills only…
Business Is Bitcoin An Asset A Commodity Or A Currency? Nov 9, 2020 0 As the price of Bitcoin continues to balloon, we look back at how the cryptocurrency is viewed and whether that…
World Turkish Finance Minister Resigns In Second Surprise Departure After Lira Slide Nov 9, 2020 0 Turkish Finance Minister Berat Albayrak said on Sunday he was resigning for health reasons, the second surprise…
World Reps May Not Grant Buhari’s Request To Borrow $1.2bn From Brazil Nov 9, 2020 0 There are strong indications that the House of Representatives may not support the new move by the government of…
Business Nigeria To Lose $24bn Oil, Gas Investments In Six Years Nov 9, 2020 0 By Michael Eboh Nigeria will lose $24 billion in investments in the oil and gas sector between 2020 and 2025, due…
Local Nigeria’s Central Bank Freezes Accounts Of Police Brutality Protesters Nov 9, 2020 0 Nigeria’s central bank froze the accounts of 20 people linked with anti-police brutality protests after receiving a…
Local #EndSARS: Controversy over court order to freeze accounts of 20 promoters Nov 9, 2020 0 Controversy has trailed the exparte order obtained by the Central Bank of Nigeria (CBN) to freeze the accounts of…
Business Naira Appreciates Against Dollar, Euro at Black Market Nov 9, 2020 0 At the market, Business Post gathered that the local currency closed at N464/$1, gaining N1 versus the N465/$1 it…
Local Nigeria: If You Thought 2020 Was Bad, Brace Yourself For 2021 Nov 7, 2020 0 Nigeria needs to brace for an extended foreign exchange rate crisis as oil markets face a tough year-end, which…