Looming Free Fall – How To Save The Naira
On Tuesday, the Central Bank of Nigeria, CBN, adjusted the value of the Naira to exchange to the dollar at…
Author: Ekemini
Why 58 Nigerian Medical Doctors Were Traveling Without UK Visas
Some facts have emerged why 58 Nigerian medical doctors who were denied departure to the UK through the Muritala Muhammed…
Overland Airways To Resume Flights July 15
Overland Airways has announced the resumption of its flight services with effect from July 15, 2020, following the lifting of…
Exclusive: Buhari Ordered DSS To Investigate Magu Since 2018
Unknown to Ibrahim Magu, President Muhammadu Buhari had directed the Department of State Services (DSS) to investigate him as far…
Report Cites Nigeria In Dubai Global Corruption Saga
A new report has identified Nigeria as one of the major countries whose citizens use Dubai, the economic capital of…
Why Insurance Firms Are Selling Off Their PFAs
The idea of mitigating risks and curtailing losses at the bare minimum begins from the insurance industry and only crosses…
Nigerian Government Hands Over National Theatre To Bankers Committee
The Minister of Information and Culture, Alhaji Lai Mohammed, has said he will on Sunday hand over the National Theatre…
Wife Of Brazil’s President Bolsonaro, And Her Two Daughters, Test Negative For Coronavirus
Michelle Bolsonaro, the wife of Brazilian President Jair Bolsonaro who is sick with the new coronavirus, said on Saturday that…
Huawei To Request UK To Delay 5G Network Removal
China’s Huawei Technologies has requested a meeting with UK Prime Minister Boris Johnson to work out a deal to delay…
China Raises Flood Alert To Second Highest Level
China on Sunday raised its flood response alert to the second highest grade as downpours continued to batter regions along…
Tesla Slashes Model Y SUV Price As Pandemic Weighs On Auto Sector
Tesla Inc (TSLA.O) cut the price of its sport utility vehicle Model Y by $3,000, just four months after its…
Saudi Telecom Extends Vodafone Egypt Stake Purchase For Second Time
Saudi Arabia’s largest telecoms operator Saudi Telecom Co (STC) (7010.SE) said on Sunday it would need another two months to…
UK Plans To Create ‘Freeports,’ Cut Taxes
British finance minister Rishi Sunak is preparing to introduce sweeping tax cuts and an overhaul of planning laws in up…
Abu Dhabi Fund Suspends Debt Service Repayments For Countries, Companies
Abu Dhabi Fund for Development has suspended debt service repayments for some countries and companies for the year, the state-financed…
Cash-Strapped New Jersey To Borrow Up To $9.9 Billion Under Deal
New Jersey, one of the states hardest hit by the coronavirus outbreak, would borrow up to $9.9 billion from sources…
Trump Dons Masks In Visit To A Military Medical Facility
President Donald Trump, who has avoided wearing a mask in public even as the coronavirus pandemic spread, donned one on…
Behind the Relentless Stock Rally, Waves of Anxiety Are Building
erves are fraying underneath the stock market’s technology-fueled rally. Short bets against the biggest equity exchange-traded fund are stubbornly high…
Mandatory Masks, Mickey At A Distance As Walt Disney World Reopens
Mickey waved from a distance and visitors wore colorful face masks with mouse ears on Saturday as Florida’s Walt Disney…
Wall Street Forges a New Deal With Data in Coronavirus Age
Alternative data has been a buzzword on Wall Street for years. Never has demand been greater than during the coronavirus…
Nigerian Government Clarifies Tax On House Rents, C of O, Others
The Director-General of the Budget Office of the Federation, Ben Akabueze, says tax on rents, Certificate of Occupancy and others…
Immigration Stops 58 Nigerian Medical Doctors From Travelling To UK
Operatives of the Nigeria Immigration Service (NIS) at Murtala Muhammed International Airport (MMIA) Ikeja, Lagos, have refused departure of 58 Nigerian doctors.…
Nigeria Misses Revenue Target On Low Oil Prices And Output
Nigeria could only collect about half of its budgeted revenues in the first five months of this year as low…
Africa News Update
Ivory Coast Succession | Ivory Coast Prime Minister Amadou Gon Coulibaly died this week, throwing the ruling party into disarray and casting the race to succeed…
Naira weakens, Oil slips, Stocks flat
As the coronavirus menace dug its vicious talons deeper into Africa’s largest economy, the Central Bank of Nigeria wasted no…
Fed Govt Approves Fourth Evacuation Flight for Stranded Nigerians In US
The federal government has approved a fourth evacuation flight for stranded Nigerians in the United States. A statement issued Friday…
Africa Could Have COVID-19 Vaccine In Q1 If Human Trials Work – S.Africa Trial Lead
Africa could have a COVID-19 vaccine in the first quarter of 2021 if human trials underway in South Africa succeed,…
Nigeria’s Confusing Currency and IMF Loan
Humbled by crashing oil prices and the coronavirus pandemic, Nigeria appears to be heeding the International Monetary Fund’s advice by…
Elon Musk Soars Past Warren Buffett on Billionaires Ranking
Elon Musk is now richer than Warren Buffett. The fortune of Tesla Inc.’s founder rose $6.1 billion on Friday, according to the Bloomberg…
Dollar, Yen Gain While Risk Currencies Slip As U.S. Coronavirus Anxiety Deepens
The dollar and other safe-haven currencies gained against their riskier peers on Friday after a surge in new coronavirus infections…
Nigeria Suspends Anti-Graft Chief -Attorney General’s Office
Nigeria has suspended its anti-corruption chief pending the conclusion of investigations, the attorney general’s office said on Friday, without elaborating.…