China Imposes Checks On Large Transactions After Bank Runs
China imposed a program to keep large transactions in check amid heightened concerns over the state of its financial system…
Author: Ekemini
Back To Work? Not Without A Check-In App, Immunity Passport
To go anywhere in Singapore these days, Joni Sng needs mobile phone apps and other technologies: a QR code to…
Oil Mixed On Tighter Supply, Surge In U.S. Virus Cases
Oil prices were mixed on Monday, with Brent crude edging higher, supported by tighter supplies and positive economic data, while…
Analysts Predict Outlook For Naira As Forex Unification Plans Gain Momentum
The exchange rate between the naira and dollar may move in the positive for Nigeria’s local currency, according to views…
Coronavirus: How ‘Immunity Passports’ Could Create An Antibody Elite
Governments around the world are testing citizens for coronavirus antibodies, to work out whether people have had the deadly Covid-19…
Oil Producers Will Fight For Market Share As Consumption Growth Slows: Kemp
Petroleum consumption growth has been slowing for decades and the industry shows increasing signs of maturity, which will have profound…
GSK, Sanofi to agree $624 million deal with UK for COVID-19 vaccine
British and French pharmaceutical giants, GlaxoSmithKline (GSK) and Sanofi are close to reaching a $624 million (500 million pounds) deal…
China Waves The Green Flag For FX Bulls
The Chinese yuan led commodity currencies higher against the dollar on Monday as investors lapped up risky assets on growing…
Sterling Falls Vs Euro, Steady Vs Dollar; Support Measures In Focus
The pound fell against the euro and held steady against the U.S. dollar, as traders looked ahead to this month’s…
FG To Resume Third Mainland Bridge Repairs
The Federal Controller of Works in Lagos, Mr Olukayode Popoola, on Monday said consultations were on for another phase of…
Nigeria: ASHON To Harmonize Members’ Trading On FMDQ, NASD, LCFE
Barring unforeseen circumstances, there are strong indications that Association of Securities Dealing Houses of Nigeria (ASHON) has stepped up an…
Nigeria: OPS Backs CBN On Exchange Rates’ Unification
The Organised Private Sector (OPS) has commended the recent step by the Central Bank of Nigeria (CBN) towards unifying the…
‘Import-Substitution Key To Post-Pandemic Growth For Businesses’
With the sustained decline in the nation’s foreign reserves in the past months, some experts have advised Nigerian business owners,…
Dollar Steady Ahead Of Services Sector Data, Rising Stocks Sink Yen
The dollar held steady against most currencies on Monday as investors awaited data expected to show the U.S. services sector…
Nigeria Gets 2021 Deadline To Stop Dirty Fuel Imports
The Federal Government may have up till 2021 to stop the importation of dirty fuel into the country. The indication…
Naira To Depreciate Further As Demand Gap Widens
The Central Bank of Nigeria (CBN) may be forced to further retract its defence and depreciate the naira as the…
Equity Investors Rake N1.66tr Gains In Q2
Nigerian equities witnessed a major recovery in the second quarter with positive average return of 14.12 per cent within the…
Citibank Boss Tasks FG On Reforms To Increase FDIs
The Cluster Head in Sub-saharan Africa (SSA), Citibank, Mr. Akin Dawodu has advised the federal government to initiate reforms that…
Passengers To Pay Double For Domestic Flights
• NCAA Grounds 18 Aircraft, Bar Non-Compliant Operators • FAAN Issues Travellers’ Mandatory Safety Protocols • Palliative For Airlines Underway,…
After Hitting A 3-Year Low During The Week, Naira Stabilizes As Traders Wonder What Next
The CBN still continues to ward against currency speculators whon patronnize the black market. The exchange rate between the naira…
Six Airlines Resume Flight July 8
Six domestic carriers: Arik Air, Aero Contractors, Air Peace, DANA Air, AZMAN Air and Max Air are set to resume…
Sanwo-Olu: Churches, Mosques To Remain Shut In Lagos
•Cases hit 27,564, with 11,069 discharged and 628 deaths •FAAN rolls out guidelines for air travellers Governor Babajide Sanwo-Olu of…
Arik Air Resumes Domestic Flights July 8
Arik Air, on Sunday, announced the resumption of its domestic flights from July 8, following the Federal Government’s decision to…
Nigeria: The Politics of Electricity Tariff
Whether we like it or not, the issue of electricity tariff is a touchy one. In the power sector reform,…
Nigeria: N-Power, Unemployment And Peculiar Mess
With the current realities of unemployment and poverty in Nigeria, the country is in “peculiar” mess and on the brink…
Nigeria: 109,823 N-Power Beneficiaries Now Business Owners – Minister
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq, claims no fewer than 109,823 beneficiaries…
Nigeria Weakens Naira At Retail FX Auction In A Move To Align Rates
Nigeria’s central bank asked lenders to bid for forex at an auction 5% above its official rate of 360, traders…
Oil Demand To Return To Pre-Pandemic Levels By 2022, Goldman Says, But Unlikely To Peak This Decade
KEY POINTS In a research note published Thursday, analysts at Goldman Sachs estimated global oil demand would decline by 8%…
Nigeria’s Debt Rose To 28.62 Trln Naira As Of March – Debt Office
Nigeria’s total public debt rose to 28.62 trillion naira ($79.5 billion) as of March, up 15% from a year earlier,…
Exposed: How Central Bank Of Nigeria Deliberately Prevents Naira From Appreciating Against United States Dollar
The apex bank, which has refused to disclose the exact foreign remittances it has received from 2016 to 2018, deliberately…