Gokada CEO Fahim Saleh Found Dead, Dismembered In US
Fahim Saleh, founder and Chief Executive Officer of ride-hailing company Gokada, is dead. Saleh’ s dismembered and decapitated remains were…
Author: Ekemini
Bitcoin Trading Sees Explosive Growth in Africa in 2020
Peer-to-peer Bitcoin trading volume hits new all-time highs in Africa While major cryptocurrency exchanges saw a significant decline in trading…
EU to Resist Further Travel Opening With New Virus Wave a Risk
The European Union will recommend keeping its external borders shut to Americans and most other foreigners for at least two…
Dollar falls on rising euro, higher U.S. stocks
The dollar fell in North American trade on Tuesday as the euro rose on optimism about the possibility of a…
Coronavirus Hastens the Rise of the Cashless Economy
Cashless transactions have spiked as company policies and consumer habits shift. But protections for people without bank and credit access…
Nigeria’s NNPC Fired 850 Workers, Many From Refineries, Oil Union Says
The Nigerian National Petroleum Corporation (NNPC) has fired 850 workers, many of them from refineries, amidst the coronavirus pandemic, an…
Bank Of England Debating Digital Currency Creation
The Bank of England is reviewing whether it should create a central bank-backed digital currency, according to governor Andrew Bailey.…
Banks To Place Chronic Loan Defaulters On Watch List
the Central Bank of Nigeria on Monday released the guidelines aimed at reducing non-performing loans in the banking sector and…
Nigeria Earned $206bn From Oil In Five Years
Nigeria, Africa’s top oil producer, generated $206.06bn in revenue from crude oil exports in the last five years, the Organisation…
Nigeria, China Finalising Negotiations On N43.24bn Ibadan Port
Negotiations between the Federal Government and China Railway Construction Corporation Limited for the construction of the Ibadan Inland Dry Port…
South-East Traders Protest High Demurrages At Ports
Traders under the aegis of South-East Amalgamated Markets Traders Association have protested high demurrage at ports across the country. They…
Nigerians Believe Rising Inflation’ll Weaken Economy
Many Nigerians believe that rising inflation will lead to a weaker economy, according to a survey by the Central Bank…
Dollar Starts Week On Back Foot Ahead Of Data, Earnings
The U.S. dollar edged down in Asian trade on Monday as investors looked to looming economic data from around the…
Sterling Eyes 200-Day Moving Average At $1.27 As Risk Sentiment Improves
Sterling/dollar rose on Monday towards its 200-day moving average of $1.27, though it was last trading neutral at $1.2619. Against…
Forbes Rates University Of Lagos, Nigeria High In Producing Entrepreneurs
The University of Lagos, UNILAG, has been acknowledged as the third most productive school in educating entrepreneurs on the African…
WHO Worries As Covid-19 Cases Surpasses 13 Million World Wide
COVID-19 cases rose above 13 million across the world on Monday, climbing by one million in just five days, with…
Nigerian President Buhari Approves New Boards For NLNG, BGT
President Muhammadu Buhari has approved the newly reconstituted board of Nigeria Liquified Natural Gas(NLNG) and Bonny Gas Transport Limited (…
Nigerian Banks To Debit Debtors’ Accounts Directly
The Central Bank of Nigeria (CBN) has released guidelines on Global Standing Instruction (GSI) that would enable banks to debit…
Nigeria: ABCON Calls For Suspension Of Taxes, Tariff Hike
Association of Bureaux De Change Operators of Nigeria (ABCON), has called on the Federal Government to suspend all increases in…
South African Rand Firms As Dollar Wobble Lifts Emerging Currencies
South Africa’s rand firmed early on Monday, helped by increased risk appetite as investors bet again on a global economic…
Nigerians Fight For Economic Balance As Recession Beckons
The months ahead may be more daunting for the real sector as government’s debt-funding plans at higher costs threaten to…
Experts Warn Against Impact Of Naira Devaluation On 2020 Budget
Economic experts have expressed concerns about the recent devaluation of the Naira by the Central Bank of Nigeria (CBN), warning…
Current Economic Realities Necessitated Naira Devaluation
Dipping oil prices, COVID-19, increasing debt, high poverty and unemployment have been identified as factors that have forced the Nigerian…
Flight Operations Restart In Kano Airport Amid Low Passengers
Domestic flight operations has resumed at Mallam Aminu Kano International Airport (MAKIA), Kano amidst strict adherence to COVID-19 protocols. Although…
Naira To Depreciate Further In Parallel Market
The sharp depreciation of the naira in the parallel market is set to continue this week with the exchange rate projected…
FG Threatens To Review Air Agreements With UK, Others Over ‘Unacceptable Treatment ‘Of Nigerian Carriers
The federal government Sunday said it would review its Air agreements with various countries as a result of the unacceptable…
Navigating Nigeria’s Foreign-Exchange Maze On Path To Fair Value
Nigeria, under pressure from multilateral lenders, has vowed to untangle its Byzantine foreign-exchange regime that deters investment in Africa’s biggest…
29 Nigerians Stranded In Lebanon Successfully Evacuated
29 Nigerians who were initially stranded in Lebanon have been successfully evacuated to the country. The Nigerians in Diaspora Commission…
Currency Controls Boosting Black Market Patronage, Say Dealers
Financial Market Dealers have said the implementation of currency control, making it difficult for certain sectors of the economy to…
Air Peace Evacuates Nigerians From Malaysia, Thailand, Indonesia
Nigeria’s leading carrier, Air Peace, on July 10, 2020, dispatched, two B777 aircraft, with registration number 5N-BWI and 5N-BVE, to…