Naira Gains Against The Dollar Across Forex Markets As Liquidity Hits Record Increase
At the black market, the naira appreciated marginally by N1 to a dollar to close at N461 to a dollar.…
Author: Ekemini
Fed Government Secures Release Of 36 Nigerians ‘Caught Entering Ghana Illegally’
The federal government says it secured the release of 36 Nigerians “caught entering Ghana illegally”. But there are reports suggesting…
Unlocking Nigeria’s Economic Possibilities Via Gas Infrastructure
With proven reserves now at 203.16 trillion cubic feet (tcf), natural gas is one of the hydrocarbons Nigeria has in…
Nigeria H2 2020 Outlook: Up In The Air
In January 2020, we estimated that better trade terms between the US and China, improved clarity on the UK-EU economic…
Petrol Sold To Nigeria From Europe ‘Dirtier’ Than Black Market ‘Bush’ Fuel
Black market fuel made from stolen oil in rudimentary “bush” refineries hidden deep in the creeks and swamps of the…
Canada Resumes Visitor Visa And ETA Processing July 1
Canada is once again processing online applications for visitor visas and electronic travel authorizations as of July 1. Though travel restrictions still apply, Immigration, Refugees…
‘In Nigeria Race Wasn’t A Thing. Kildare Was A Shocker’
When Tobi Omoteso moved to Kildare with his family he felt different for the first time in his life. The Nigerian schoolboy…
UK New Money Transfer Rules You’ll Have To Follow From 30 June
Transferring money from your bank account to friends, family and other payees is going to change slightly from the end…
Nigeria: Concerns Mount In Niger Delta Over Marginal Fields Bid Round
As the federal government opens the second bid round for marginal fields, Niger Delta stakeholders are raising concerns over what…
Nigerian Banks’ Forex Shortage To Hit $5bn
Nigerian banks’ foreign currency funding gap will rise to $5bn over the current low oil prices, volatile foreign inflows and…
Boxer Trafficked As A Child Wins Right To Stay In The UK After 16 Years
A former England boxer who was trafficked from Nigeria as a child and forced into domestic servitude has won the…
Over 3,000 Nigerians Deported From U.S. In 15 Years For Crime
With a streak of stepped-up enforcement policy on immigration reduction for 15 years, the United States has deported about 3,019…
172 Nigerians Evacuated From Uganda, Kenya Arrive In Abuja
The Nigerians in Diaspora Commission (NiDCOM) says 172 Nigerian evacuated from Uganda and Kenya arrived at the Nnamdi Azikiwe International…
Nigeria To Restart Domestic Flights July 8 In Easing Of Coronavirus Curbs
Nigeria will resume domestic flights from July 8, the government said on Wednesday, as Africa’s most populous country relaxes novel…
Nigeria: Court Orders Forfeiture Of 46 Houses, Land Linked To Ex-NSITF Boss, Olejeme
The Abuja division of the Federal High Court, Abuja, yesterday granted an order of interim forfeiture in relation to 46 property,…
Moody’s – Nigerian Banks To Face Pressure With Reduced Dollar Deposit
Banks in Nigeria are facing foreign currency shortages because of low oil prices, volatile foreign inflows and lower remittances…
Interstate Travel – Passengers Groan As Transporters Increase Fares In Enugu
Some passengers travelling outside Enugu State on Wednesday groaned as transporters increased transportation fares, following the lifting of the ban…
Nigeria: Senate Summons Ahmed, Emefiele, Others Over Expatriate Tax Evasion
The Senate on Wednesday summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed, and the Governor of the…
Dollar Falls To One-Week Lows On Data Hopes
The U.S. dollar slipped to a one-week low against its rivals on Thursday as upbeat U.S. and European economic data…
EU Opens Borders To 15 Countries, Excludes Nigeria, Others
The Council of the European Union has opened its borders to 15 countries, excluding Nigeria. According to information gathered from…
Air Cargo Demand Surges Amid Global Capacity Crunch
As world airlines gradually return to operations after the coronavirus-induced lockdown, demand in air cargo is also beginning to improve…
INSIGHT: Tax Revenue Mobilization In Nigeria
Adeniyi Adeyemi and Adedapo Adeduro of KPMG Nigeria consider the low level of tax compliance in Nigeria and make…
Sterling Steadies As Survey Shows Nascent Manufacturing Recovery
Sterling hovered around $1.24 on Wednesday after manufacturing survey data pointed to a small increase in output after the historic…
Nigeria: NASD Plc OTC To Enhance Capital Raising Capabilities
The Managing Director/CEO of NASD Plc, Mr. Bola Ajomale, has said the company, which is providing over-the-counter (OTC) market for…
Nigeria: Aviation Workers Vow To Resist Airport Concession
Fault N1.7b consultation fee award Aviation workers yesterday rejected the planned concession of the big four airports in Lagos, Abuja, Port…
London’s Canary Wharf Pioneers Seamless Wi-Fi Roaming
Residents and workers in London’s Canary Wharf will be able to experience superfast Wi-Fi broadband across the site without the…
Naira Declines Against US Dollar, Remains Pressure Across FX Segments
Naira declined against the United States dollar on the Investors and Exporters’ forex window on Tuesday. The local currency depreciated…
Oil Prices Just Had Their Best Quarter In 30 Years — What’s Next?
Brent crude futures skyrocketed more than 80% in the second quarter. It was the international benchmark’s best quarterly performance…
Euro Is Riding A Wave Of Confidence On Europe Pandemic Response
The euro’s best rally in more than two years looks set to extend, with a host of market metrics reflecting…
Nigeria’s Economic Advisory Council Cautions Against Multiple Exchange Rate
The Presidential Economic Advisory Council, PEAC, yesterday, advised the Federal Government to move away from multiple exchange rates to a…