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Business
CBN Gets Eight New Directors
Nwanisobi had been in acting capacity since last October, when his predecessor, Isaac Okorafor retired.
A…
Africa’s Cross-Border Trade is Worth $93b – Osinbajo
The Vice President, Professor Yemi Osinbajo, has estimated the value of informal trade in the African Continent to…
Reserves Hit Two-Month High, Naira Plunges Further
Nigeria’s foreign reserves have hit a two-month high, data released by the Central Bank of Nigeria (CBN) have…
Oil Set For Second Weekly Gain As Stockpiles Drop, Dollar Eases
Oil headed for a back-to-back weekly gain, supported by signs that the global crude market is tightening and a…
Canada FX Debt-Canadian Dollar Climbs To 2-Week High As Oil Rallies
The Canadian dollar rose to its
highest level in more than two weeks against its broadly weaker
U.S. counterpart…
Yuan Retreats After Touching Month High, Weak Services Activity Dampens
China's yuan briefly touched a
one-month high against a softer dollar before giving up all the
gains by midday…
Emirates Extends Suspension Of Nigerian Flights To September 19
Travel to and from Nigeria remains suspended as there is no testing facility available at Lagos airport
Emirates…
Sylva To Launch $50m Oil Industry Research, Development Fund Protocol
The Minister of State for Petroleum Resources, Chief Timipre Sylva, will next week launch the oil and gas Research…
Ogun Unveils Business Registration Portal, Waives Backlog
As part of efforts to address challenges in business premises registration and improve the ease of doing business,…
Brent Crude Crosses $73 Per Barrel
Oil prices rose more than $1 a barrel yesterday, rebounding on optimism about the pace of global economic growth…
Analysis-Weak August U.S. Jobs Report Throws Doubt On Fed Taper
The weak U.S. jobs report for August complicates what had seemed a clear path for the Federal Reserve to begin…
Chevron Braces For Activist Challenge; Meets Engine No.1 Representatives- WSJ
Chevron Corp (CVX.N) is preparing to defend itself against a potential activist challenge and met with…
Exclusive FedEx Faces Labor Union Challenge Over Billionaire CEO’s Pay
FedEx Corp (FDX.N) shareholders should reject founder and CEO Fred Smith's $54 million pay package because the…
LinkedIn Is Shutting Down Its Stories Feature To Work On Short-Form Video
Linkedin announced that that it will suspend its Stories feature on September 30 and begin working on a different…
Northern Nigerian States Limit Residents’ Movements Over Attacks
Four northern Nigerian states introduced restrictions on movement to curb attacks that have disrupted economic…
Oil Drops After OPEC+ Alliance Agrees To Return More Barrels
Oil declined after OPEC+ stuck with a plan to boost crude production, with the cartel wagering that the global…
Nigeria’s Eurobonds Debts Rise By $9.37bn In Five Years
Commercial loans obtained by Nigeria through Eurobonds rose from $1.50bn as of December 31, 2015 to $10.87bn as of…
Central Bank Digital Currencies To Be Tested In BIS Experiment
The Bank for International Settlements will test the use of central bank digital currencies with Australia,…
Emerging Markets-Peso, Baht Lead Asia FX Declines, Indian Rupee Gains Ahead Of…
Asian currencies were largely mixed on
Thursday, with the Philippine peso and the Thai baht leading
declines as…
Remittances: Senate Accuses NNPC, CBN, Others Of Underpayment
The Senate on Wednesday accused Government Owned Enterprises of worsening the current dwindling revenues in the…
Sterling Driven Higher By Dollar Weakness, Still Stuck Below $1.38
Sterling edged higher on Thursday, driven by dollar weakness after disappointing U.S. labour data, while traders…
Foreign Investors Renewing Confidence In Economy, Says Adebayo
The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo yesterday said the economy was coming back…
Naira Trades At N528/$1 In Streets Despite Oil Price Uptick Ahead OPEC+ Meeting
The Nigerian Naira has slumped to an all-time low of N528 to the dollar in street trading as pressure continues to…
OPEC+ Sticks With Planned Supply Hike As Oil Demand Improves
OPEC and its allies agreed to stick to their existing plan for gradual monthly oil-production increases after a…
France Fines U.S. Bank JP Morgan $29.6 Mln In Tax Fraud Settlement
U.S. bank JP Morgan has agreed to a 25 million euros ($29.6 million) fine in a settlement of a tax fraud case,…
U.S. Weekly Jobless Claims Fall; Layoffs At 24-Year Low
The number of Americans filing new claims for jobless benefits fell last week, while layoffs dropped to their…
Central Bank Of Nigeria Clarifies Reports of Non-Remittance of 80% surpluses into…
The Central Bank of Nigeria (CBN) has denied allegations that it failed to remit 80 per cent of its operational…
Nigeria: IDB, Others Earmark $520m For Nigeria’s Agro-Industrial Zones
The Senior Special Adviser to the President of the Africa Development Bank on Industrialisation, Prof Banji…
New Law Stokes Tension In Nigeria’s Blighted Oil Delta
Local communities in Nigeria's Delta Region have spent years waiting for lawsuits against foreign oil companies for…
Dollar Weakens After ADP Miss, Euro Hits Fresh One-Month High
The dollar fell against a basket of major currencies on Wednesday after a report on the U.S. labor market fell well…