Nigeria: ‘Businesses Lost Hope On Economic Growth In July’
The July 2020 Business Expectations Survey Report of the CBN has shown that firms are pessimistic on the macro economy…
Author: Ekemini
Human Trafficking Worse In US Than Nigeria
The 2020 trafficking in-person report had placed Nigeria on a tier-two watch list, meaning that Nigeria failed to meet the…
CBN’s Ban On Forex For Import Boosts Interest In Maize, Fish Farming
In furtherance of government’s efforts to drive Nigeria towards food sufficiency, Agribusiness firm, Eatrich Farms, has launched the Green Africa…
Digital Financial Inclusion – Kenya And Nigeria Case Studies
Digital financial services are both broadening and speeding up financial inclusion in many African countries – a key factor in…
Oil Gains On Sharp US Crude Inventory Drop
Oil prices edged up on Wednesday after a steep drop in U.S. crude inventories, but another record day for COVID-19…
Foreign Trade Knowledge Vital To Exporters, Importers
Sterling Bank Plc has reiterated the need to educate exporters and importers of goods on how to manage the changes…
Nigeria: FG To Check Temporary Import Permit Abuse
The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigeria Customs Service (NCS) have agreed to join forces to…
Gold Prices Could Hit $3,500 In Two Years
The gold market is “very strong and could hit $3,500 in two years,” according to Barry Dawes of Martin Place Securities.…
‘We Are On Our Own’: Experts Call For Overhaul Of African Investment Post-Coronavirus
Many African nations are not borrowing as much as those in developed markets, but are charged at much higher rates…
Nigeria: Consortium To Transform Cassava Peels Into Energy
Several companies and organisations have recently joined forces to recycle cassava waste in rural Nigeria. They will transform the peels…
OPEC-Nigeria Talks Discuss Market Recovery After Covid-19
The OPEC-Nigeria Bilateral Meeting that took place last week has sent yet another signal of the strong dialogue and cooperation between OPEC and…
Hajj Pilgrimage In The Age Of Coronavirus Is Unlike Any Before
Saudi Arabia radically downsizes annual Islamic pilgrimage Pandemic means socially distanced prayers, bottled holy wate Holy water will be consumed…
Sterling Rises As Dollar Weakens, Approaching $1.30
Sterling benefited as the dollar weakened, rising 0.3%, but was flat against the euro on Wednesday, as the impression grew…
Canada And Nigeria Working To Combat Migrant Smuggling, Human Trafficking And Irregular Migration
OTTAWA, ON, July 29, 2020 /CNW/ – The Honourable Marco E. L. Mendicino, Minister of Immigration, Refugees and Citizenship, today reaffirmed Canada’s commitment to…
CBN Holds N900b Customers’ Deposits With Banks
The Central Bank of Nigeria (CBN) has been holding on to N900 billion of lenders’ deposits as Cash Reserve Ration…
UN Report Finds Migrants Face Violence
A new U.N. refugee agency report on migrants who braved long and often-deadly land routes to Libya has found that…
Netherlands, Switzerland To Repatriate $200m Malabu Deal Cash
Nigeria is awaiting the return of $200m from the Netherlands and Switzerland from the Oil Prospecting Licence 245 deal, the…
FG Repatriates 289 Nigerians In 4th Evacuation Flight
The Federal Government has evacuated 289 more Nigerians stranded in the United States due to coronavirus-related border closure. An Ethiopian…
Burden of Nigeria’s population explosion
A fresh warning by the National Population Commission that the prolonged closure of schools occasioned by the Covid-19 pandemic may…
The Nigeria Blockchain Association Moves To Further Sanitize As Crypto Scams Escalate In Nigeria
Despite frequent and consisten warnings, ignorance and greed continue to sustain cryptocurrency scams in Nigeira, according to the Nigeria Blockchain…
Nigeria: Pay Stranded Students Tuition Fees Abroad
The Chairman of Nigerians in Diaspora Commission (NiDCOM), Mrs Abike Dabiri-Erewa, has appealed to the Niger Delta Development Commission (NDDC)…
Third Mainland Bridge Available For Use At Peak Periods
The Federal Ministry of Works and Housing has advised motorists to use the open lanes of the Third Mainland Bridge…
International Flights: Passengers Coming Into Nigeria Will Undergo COVID-19 Test
The Chairman, Presidential Task Force (PTF) on COVID-19, Mr Boss Mustapha, says inbound passengers from foreign trips will henceforth be…
Nigeria Grapples With Surge In Job-Seekers Amid Pandemic Turmoil
Unemployment is expected to rise to 33.6% by end of the year Information technology and telecoms among top hiring sectors…
Banks’ Non-Performing Loans Now N1.2tn – CBN
Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the Central Bank…
Nigeria: FG Clears Benin, Jos, Sokoto Airports For Flight Operations
The Federal Government has cleared another four airports to resume commercial flight operations in line with the COVID-19 safety and…
Nigeria Declares Thursday, Friday Public Holidays For Eid-El-Kabir
The Nigerian Government has declared Thursday 30 and Friday 31 July 2020 as public holidays to mark this year’s Eid-el-Kabir…
Nigeria Dollar Shortage Puts Pressure On Black-Market Rate
Nigeria’s dollar shortage is worsening, with the local currency weakening in the parallel market and banks restricting the ability of…
Nigeria Sets Up Committee On Resumption Of International Flights
Minister of Aviation Hadi Sirika Monday said the Nigerian Government has inaugurated the National Air Transport Facilitation Committee to review…