Local FEC Approves $3.02bn Port Harcourt/Maiduguri Railway Project Oct 8, 2020 0 The Federal Executive Council (FEC) has given the go-ahead for the rehabilitation and reconstruction of the Port…
Local Senate Probes CBN, NNPC, DPR, Others Over Crude Oil Exports Account Oct 8, 2020 0 The Senate has launched investigation into the activities of the Central Bank of Nigeria (CBN), the Nigeria…
Business Nigeria’s President Buhari Is Doing Away With Petrol Subsidies Oct 8, 2020 0 Time in nigeria sometimes seems to follow its own rhythm. When the government introduced petrol subsidies they were…
Business FG Signs Bilateral Air Agreement With USA, India, Morocco, Rwanda Oct 8, 2020 0 The federal government has signed a Bilateral Air Service Agreement (BASA) with the USA, India, Morocco as well as…
Business Nigerian President Offers Record $34 Billion Budget For 2021 Oct 8, 2020 0 Nigerian President Muhammadu Buhari presented a record 13.08 trillion naira ($34.4 billion) budget for 2021 to…
Business Nigeria May Enter Second Recession In Four Years -Buhari Oct 8, 2020 0 The President, Major General Muhammadu Buhari (retd.), says Nigeria’s economy may slip back into recession.…
Business Expert Says Forex Responsible For Hike In Petrol Price Oct 8, 2020 0 Mr Ronke Onadeko, an expert in oil and gas, says high exchange rate of Naira to the dollar is responsible for…
Business Buhari Presents Nigeria’s N13 Trillion 2021 Budget To Lawmakers Oct 8, 2020 0 President Muhammadu Buhari has presented the 2021 budget estimate to a joint session of the National Assembly.…
Business Global Economy Will Shrink By More Than 4% In 2020 Oct 8, 2020 0 Economic experts predict that the coronavirus pandemic will result in a 4.4% contraction in the global economy in…
Business Virus Wipes N939bn Off Wealth Of Nigeria’s Biggest Firms’ Shareholders, But A… Oct 8, 2020 0 The biggest shareholders of Nigeria’s 30 largest firms lost a whopping sum of N939 billion combined in the first…
Business Naira Stabilizes Across Forex Markets As BDCs Get Over $450m Allocation From CBN… Oct 8, 2020 0 The Naira remained stable against the dollar at the I&E window on Tuesday, closing at N386/$1 Nigeria’s…
Business Canadian Dollar Gains Ground As Calm Returns To Wall Street Oct 8, 2020 0 The Canadian dollar strengthened against the greenback on Wednesday as calm returned to stock markets after they…
Business US Arbitration Tribunal Frees Nigeria Of $1.5bn Liability Oct 8, 2020 0 Nigeria has again won another international legal battle as the United States-based International Centre for…
World COVID-19: International Borders And Need To Keep Nigerians Safe Oct 8, 2020 0 Nigeria’s international borders re-opened on September 5, 2020. This came months after international and land…
Business Dollar, Yen Dip As U.S. Stimulus Hopes Help Risk-On Mood Oct 8, 2020 0 The dollar and safe-haven Japanese yen nursed losses on Thursday, after revived hopes for U.S. fiscal stimulus…
Business Container Shipping Operations From China To Onitsha Resume Oct 8, 2020 0 Global shipping line, Maersk resumed services from China to Onne Port (by ship) this year, and this week, it has…
Business European Gasoline Margins Hit 7-Month High On Exports, Maintenance Oct 8, 2020 0 European gasoline barge profit margins hit a seven-month high this week, boosted by firm export demand from West…
Business Worries Over $2b Forex Demand Backlog Oct 8, 2020 0 Fitch Ratings has expressed concerns about the state of the naira and rising forex demand backlog estimated at $2…
Business World Bank Sees Sub-Saharan Africa’s GDP Rebounding In 2021 Oct 8, 2020 0 Sub-Saharan Africa will probably reverse an economic contraction next year as countries in the region begin to ease…
Business CBN Disburses $13.99bn Forex In Six Months Oct 8, 2020 0 The Central Bank of Nigeria supplied $13.99bn into the market between January and June. The bank disclosed this…
Business Oil Rises Above $42 On Supply Losses, U.S. Stimulus Hopes Oct 8, 2020 0 Oil rose above $42 a barrel on Thursday, supported by output shutdowns in the U.S. Gulf of Mexico and the prospect…
Breaking Dubai-Bound Passenger Held With 5,342 ATM Cards Oct 8, 2020 0 A man has been arrested with 5,342 Automated Teller Machine (ATM) cards at the Aminu Kano International Airport,…
Business Europe’s Major Economies Predict More Dire Declines To Come As Coronavirus Rages Oct 8, 2020 0 LONDON — Major European economies are downgrading already dire economic forecasts on the back of a second wave of…
Business Analysts Fault Fitch’s Stable Outlook On Nigeria Oct 8, 2020 0 Analysts at Afrinvest Securities have faulted the recent upgrade of Nigeria’s macroeconomic outlook to stable by…
Business Naira Stable At Investors Window Amid 0.5% Rise In FX Demand Oct 8, 2020 0 The value of the Naira against the Dollar at the Investors and Exporters (I&E) segment of the foreign exchange…
Business Billionaire Wealth Smashes Records During COVID-19 Oct 8, 2020 0 Global billionaire wealth smashed record levels during COVID-19 breaching the $10tn (£7.7tn) mark for the first…
World Nikola Founder Trevor Milton Sues Utah Businessman For Defamation Over Tweets… Oct 8, 2020 0 Nikola founder Trevor Milton has sued a Utah businessman for defamation, accusing him of a “malicious campaign to…
Business Fed’s Kashkari Warns That Delaying Stimulus Will Have ‘Enormous Consequences’ Oct 8, 2020 0 Minneapolis Federal Reserve President Neel Kashkari became the latest central banker to warn against not getting…
Features Worries Over $2b Forex Demand Backlog – Nigeria Oct 7, 2020 0 Fitch Ratings has expressed concerns about the state of the naira and rising forex demand backlog estimated at $2…
Business Investors Gain N297bn As 36 Stocks Push Market Higher Oct 6, 2020 0 Investors in the Nigerian equity market gained N297bn on Monday as 36 firms recorded price appreciation at the end…