Breaking Nigeria: Fed Govt Okays N10.5b For Ports Jul 23, 2020 0 The Federal Government yesterday approved projects in two memoranda worth above N10.5 billion for the Nigerian…
Banking U.S. Exim Bank Out To Displace China After Record Loan In Africa Jul 23, 2020 0 Bank finalizes $4.7 billion loan for Mozambique gas project Support could range from power systems to…
Local Nigeria: FEC Approves $18.12m For Purchase Of Cargo Scanners To Ease Ports… Jul 23, 2020 0 The Federal Executive Council (FEC), on Wednesday approved the purchase of scanners for the Port Harcourt and Tin…
Business CBN Launches New Schemes For Non-Interest Financial Institutions Jul 23, 2020 0 The Central Bank of Nigeria(CBN) has introduced intervention schemes to cater for non-interest financial…
Business Bullish Bets On Most Asian Currencies Climb On Vaccine Hopes, China Stability Jul 23, 2020 0 Investors raised their long bets on the Chinese yuan and most other Asian currencies, a Reuters poll showed, as…
World Pandemic Hit To Haj Saddens Would-Be Pilgrims Jul 23, 2020 0 This year’s haj will be a time of sadness for many Muslims around the world prevented from travelling to Saudi…
Business Demand For Jail Sentence In Shell And Eni Nigeria Oil Trial Jul 23, 2020 0 Italian prosecutors are calling for lengthy jail terms to be handed down to the boss of Eni and one of Shell’s top…
Business South Korea Enters Recession As Exports Plunge By Most Since 1963 Jul 23, 2020 0 The South Korean economy plunged into recession in the second quarter in its worst decline in more than two decades…
World China Says UK Citizenship Pathway For Hong Kong Residents Violates International… Jul 23, 2020 0 A new British policy allowing Hong Kong residents to claim British citizenship is a violation of international law…
Business FG’s July Bonds Oversubscribed By N340.13bn Jul 23, 2020 0 The Federal Government Bonds for the month of July worth N130bn, which were auctioned on Wednesday, were…
World China’s Latest Starfish-Shaped Airport Set To Boost Tourism In Northeast Jul 23, 2020 0 Qingdao, a Chinese coastal city famous for being the headquarters of Tsingtao Brewery, is poised for a major…
Business UK Airports Lost £10,000 Per Minute Between March And June Jul 23, 2020 0 ‘This should serve as a wake-up call to government and lead them to finally grasp the severity of the…
Business IMF Approves Temporary Increase In Annual Access Limits To Financial Support Jul 23, 2020 0 The Executive Board of the International Monetary Fund (IMF) on Wednesday approved a temporary increase…
Business CBN – Economy Recorded U.S.$42.7 Billion Forex Inflow In First Quarter Jul 23, 2020 0 The aggregate foreign exchange (forex) inflow into the Nigerian economy in the first quarter (Q1) 2020 was $42.71…
World Africa Starts To Have Second Thoughts About That Chinese Money Jul 22, 2020 0 Dipak Patel can still recall the dizzying grandeur of his 2003 visit to Beijing’s cavernous Great Hall of the…
Business Sterling Edges Lower On No-Deal Brexit Reports, Gloomy Economic Prospects Jul 22, 2020 0 The British pound fell on Wednesday on rising concern that the Brexit transition period will end without a deal…
Business Currency Markets Resume Risk-On Rally, Shrugging Off U.S.-China Consulate Spat Jul 22, 2020 0 Currency traders regained their risk appetite on Wednesday, shrugging off U.S.-China tensions and resuming the…
Business Naira Weakens Despite Dollar Selloff Jul 22, 2020 0 As the worldwide race for a coronavirus vaccine gathers pace and fiscal stimulus uplifts global sentiment,…
World China Vows Retaliation After U.S. Shutters Houston Consulate Jul 22, 2020 0 Beijing calls U.S. decision ‘unprecedented escalation’ State Department says move to protect intellectual…
Business CBN Approves N50b Revival Fund For Textile Industry Jul 22, 2020 0 The Central Bank of Nigeria (CBN) has announced N50 billion special mechanism funds to revive the ailing textiles…
Business Nigeria: Federal Govt Records N1.46tn Revenue Deficit In Q1 Jul 22, 2020 0 Gross federally-collected revenue fell by 36 per cent or N1.46tn below the quarterly budget estimate in the first…
Local Nigeria: Sirika Projects Resumption Of International Flights Before October Jul 22, 2020 0 The Minister of Aviation, Senator Hadi Sirika, has rejected the October 15 date fixed for the resumption…
Local Nigeria: Kano Cancels Eid-Del-Kabir Festivities Jul 22, 2020 0 The Kano State Government has ordered the cancelation of traditional Sallah festivities in this year’s…
Business CBN: Economy Recorded $42.7bn Forex Inflow In First Quarter Jul 22, 2020 0 The aggregate foreign exchange (forex) inflow into the Nigerian economy in the first quarter (Q1) 2020…
Local Nigeria: NPA Halts Licences Renewal For Shipping Firms Over Holding Bay Crisis Jul 22, 2020 0 The Nigerian Ports Authority (NPA), has stopped the renewal of licences for shipping firms who fail to provide…
Local Nigeria: “Third Mainland Bridge” Local Manufacturers Raise Concern… Jul 22, 2020 0 Local manufacturers, especially those in the Apapa zone, have expressed concerns about challenges that the closure…
Business FMDQ Securities Records N117tn Turnover In Six Months Jul 22, 2020 0 9The FMDQ Securities Exchange recorded total turnover of N117.27 trillion in the Fixed Income and Currency (FIC)…
Business Nigeria Targets Processed Cocoa Exports With $10 Million Plant Jul 22, 2020 0 Nigeria’s southeastern Cross River state is setting up a 4-billion naira ($10-million) cocoa-processing plant to…
Local Italian Prosecutors Seek Jail For Eni, Shell Executives In Nigeria Case Jul 22, 2020 0 Italian prosecutors have asked for oil majors Eni and Shell to be fined and some of their present and former…
Business Naira Exchanges At N472 To Dollar At Parallel Market Jul 22, 2020 0 The Naira on Tuesday exchanged at N472 to a dollar at the parallel market in Lagos, the News Agency of Nigeria…