Business Four OPEC+ Members Favor Extended Cuts Nov 6, 2020 0 Three members of OPEC and Russia are in favor of an extension of the current oil production cuts agreed by OPEC+ in…
World COVID-19: China Bars Nigerians, Others From Entry Nov 6, 2020 0 The Chinese authorities have temporarily suspended entry into China by Nigerians and other nationals in Nigeria…
Business Stock Market 0May Be Investor’s Only Viable Option Nov 5, 2020 0 With Nigeria's debt market becoming even more unattractive to foreign investors, Nigerian investors’ only viable…
Business Local Currency Depreciates To N464/$1 At Black Market Nov 5, 2020 0 The Naira weakened against the US Dollar at the parallel market on Wednesday, November 4 as it lost N1 to close at…
Business Forex Scarcity Restricts Access To N100bn Pharmaceutical Fund Nov 5, 2020 0 Despite availability of the N100 billion Healthcare Intervention Fund, HIF, the scarcity in foreign exchange,…
Business FG Considers Passport Ban For Passengers Breaching COVID-19 Test Nov 5, 2020 0 The federal government has threatened to prevent travellers who refuse to make themselves available for compulsory…
Business Dollar Gains As Investors Unwind Bets On Big Fiscal Spending Nov 5, 2020 0 The U.S. dollar gained against a basket of currencies on Wednesday after Democrats looked unlikely to take control…
Business Sterling Volatile As Investors Await U.S. Election Outcome Nov 5, 2020 0 Democrat Joe Biden was back as favourite to win the U.S. presidential election in online betting markets, according…
World U.S. Senate Gets First Nigerian-American Congressman Nov 5, 2020 0 Mr. Oye Owolewa cruised into victory on Tuesday night to become the first Nigerian-American to be elected to the…
Business Nigeria, Third Highest Destination Of Used Cars From U.S. Nov 5, 2020 0 The unique and rare terracotta head, believed to be from Ile-Ife in Nigeria, was intercepted by Dutch Customs at…
Local Nigeria Not Military State, Release Moe’s Passport – Ezekwesili Nov 5, 2020 0 A Former Minister of Education, Oby Ezekwesili, has called out the President Muhammadu Buhari government and…
Local FG Clamps Down On #EndSARS Promoters, Freezes Accounts Nov 5, 2020 0 There were strong indications on Tuesday that the Federal Government had begun a clampdown on promoters of #EndSARS…
Business Nigeria’s Debt To Hit N38.6 Trillion By December 2021 Nov 5, 2020 0 Nigeria’s total public debt may hit N38.68 trillion by December 2021, the Minister of Finance, Budget and National…
Business Gold Erases Losses As U.S. Vote Count Stretches On; Oil Jumps Nov 5, 2020 0 Gold erased losses while oil rose as tight races in key battleground states in the U.S. election left investors…
Business FG Seeks Fresh $1.2bn Loan From Brazil Nov 5, 2020 0 The Federal Government is seeking a $1.2bn external borrowing from Brazil to finance agricultural programmes in the…
Business Sterling Falls More Than 1% As U.S. Election Results Eyed Nov 5, 2020 0 The British pound fell more than 1% against the U.S. dollar on Wednesday as investors sold riskier currencies,…
Business Dollar Trims Gains As U.S. Election Race Enters Home Stretch Nov 5, 2020 0 The dollar gave up some gains and riskier currencies remained on the backfoot as markets waited for the U.S.…
Business South African Rand Inches Higher, Traders Focus On U.S. Election Nov 5, 2020 0 South Africa's rand ended mostly flat on Tuesday in turbulent trade as investors awaited the results from the…
Banking Mutual Funds Are Next Big Thing In Nigerian Finance’ Nov 5, 2020 0 Mutual Funds are gaining wide acceptance in Nigeria’s investment climate, with savvy investors choosing the…
Business Oil Drops After Trump Claims Victory In Tight U.S. Election Nov 5, 2020 0 Oil turned lower on Wednesday after President Donald Trump claimed victory in a tight U.S. election, despite…
Local Police Brutality Activist Says She Was Barred From Leaving Nigeria Nov 5, 2020 0 Nigerian immigration officials blocked a prominent anti-police brutality activist from leaving the country and…
Local 6,800 Nigerian Students In China – Envoy Nov 5, 2020 0 The Charge d’Affaires of the Embassy of China in Nigeria, Mr Zhao Yong, has said people-to-people exchange between…
Business Dollar Jumps As U.S. Election Race Tightens; Peso, Yuan Wilt Nov 5, 2020 0 The U.S. dollar jumped and riskier currencies wilted on Wednesday as early results in the presidential election…
Local Top Nigerian Bank Sued For Blocking Account Linked To Protesters Nov 5, 2020 0 Access Bank Plc, Nigeria’s biggest bank, is accused of illegally blocking an account used to promote media coverage…
Business OML 40 Explosion Damages Marine Storage Vessel, Stalls 10,000bpd Nov 5, 2020 0 The Nigerian Petroleum Development Company, a subsidiary of the Nigerian National Petroleum Corporation, has…
Business Nigeria Will Borrow N6tn In 2021 – Finance Minister Nov 5, 2020 0 The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said Nigeria’s total public debt will hit…
Local Survey Anticipates Further Rise In Unemployment Rate Nov 5, 2020 0 Respondents to the Central Bank of Nigeria’s (CBN), ‘Consumer Expectations Survey Report,’ have estimated further…
Local Nigeria Government To Ban Passports For Travelers Refusing For Compulsory PCR Test Nov 5, 2020 0 The Government of Nigeria has decided to ban passports for travelers who refuse to make themselves available for a…
Business Naira Stabilizes At Black Market As CBN Continues Its Intervention In Forex Market Nov 5, 2020 0 Forex turnover rose sharply by 122% as Nigeria’s exchange rate at the NAFEX window depreciated against the dollar…
Business US Dollar Eurobond Yields Now Higher Than Naira Yields? Nov 5, 2020 0 The Naira yields of T-bills and Federal Government of Nigeria (FGN) bond are lower than its US dollar Eurobonds.…