AfCFTA: Nigeria Will Emerge Most Resilient Economy In Africa – Experts
Trade facilitation stakeholders in Nigeria are optimistic that the African Continental Free Trade Area (AfCFTA) agreement would provide the opportunity…
Category: Business
Sterling Bulls Squeezed – Bank Of England Pivotal
A 1% slide in sterling led Friday’s month-end shakeout of short dollar positions, turning positive GBP technical signals neutral. If the Bank of England disappoints…
British Parents Cut Pocket Money For Children During Pandemic
British kids are receiving less pocket money this year than last as parents have tightened their belts through the pandemic.…
NNPC Sells N267 Billion Crude Oil, Maintains 1.42 Million BPD Output
The Nigerian National Petroleum Corporation (NNPC) sold crude oil worth N267.59 billion in February, while its total daily production stood…
Banks Are Still Sound But … – CBN
A recent review of the status of Nigeria’s banking industry at the backdrop of the adverse impact of COVID-19 on…
Pandemic Offers Africa A Chance To Boost Sukuk Sales
The financing required to rebuild economies in African nations following the coronavirus pandemic gives the continent an opportunity to boost…
Nigerian Traders In Ghana Seek End To Harrassment
Nigerian traders in Ghana have urged the Federal Government to take urgent steps to stop the harassment Nigerians living in…
Nigeria, Others Free To Take More Loans, Says IMF
Nigeria and other emerging markets whose economies were hit by Coronavirus (COVID-19) should take more loans to pave the way…
PenCom Orders Recap, Raises PFAs Shareholders Fund To N5b
The National Pension Commission (PenCom) has ordered recapitali-sation in the pension industry, The Nation has learnt. The Commission has raised…
Airtel Africa Appoints Olusegun Ogunsanya As CEO
Airtel Africa Plc has announced the appointment of the Managing Director and Chief Executive Officer of Airtel Nigeria, Olusegun Ogunsanya,…
CBN Sacks All First Bank Directors (See Governor Godwin Emefiele’s Statement)
The Central Bank of Nigeria (CBN) has sacked all the board members of First Bank Nigeria Ltd and First Bank…
First Bank: The N75bn Otudeko Loan Crisis
Facts are emerging on the board room crisis that precipitated the sack of Adesola Kazeem Adeduntan as the managing director/…
NNPC Writes Accountant-General Over N111billion Shortfall In Oil Revenue, Says No Contributions To Federal Allocations For April, May
The NNPC would therefore not be contributing to the FAAC for April and May which will in turn affect the…
Nigeria Records 1.6m Grams Of Gold Production In 5 Years – Minister
Dr Uchechukwu Ogah, Minister of State, Ministry of Mines and Steel Development (MMSD) says the ministry recorded 1,562,720 grams of…
Nigerian Central Bank Warns Staff Of Increasing Risk Of Kidnap
Nigeria’s central bank warned its employees to take extra precautions against kidnappings because of deteriorating security in the West African…
The Two Big Themes In The Crypto Market Right Now
For all the hype about Bitcoin these days, its momentum has actually quieted down a little bit lately. After almost…
Weaponizing Dollar Risks Echo Of Sterling’s Decline, Study Says
U.S. officials leveraging the dollar’s dominance as a reserve currency to wield influence should heed the lessons of the Sterling…
Reps Give Immigration 72 Hours To Clear Backlog Of Passport Booklets
At the plenary session on Thursday, the green chamber also asked the federal ministry of interior to review its agreement…
Gold Gains As Dollar Slips After Dovish Fed
Gold prices rose on Thursday as the dollar weakened after the U.S. Federal Reserve decided to keep interest rates low…
Nigerian President Asks For U.S. Support To Tackle Insecurity
Nigerian President Muhammadu Buhari asked the U.S. to support Africa’s efforts in tackling growing insecurity in the region. Washington should…
WEEKAHEAD-AFRICA-FX-Kenyan, Nigerian Currencies Seen Range-Bound
Kenya’s and Nigeria’s currencies are expected to trade within existing ranges in the coming week, analysts and traders said. Tanzania’s…
Worsening Insecurity To Trigger Higher Inflation, Poverty, Says LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has raised concerns about the worsening security situation in the country, stating…
Dollar Left Defenseless By Dovish Fed, Euro Muscles Higher
The dollar was on the defensive near nine-week lows on Thursday as a decidedly dovish outlook from the U.S. Federal…
Turkey’s Central Banker To Weigh Up Inflation After Lira Slump
Turkey’s new central bank Governor Sahap Kavcioglu is expected to raise inflation forecasts on Thursday after his appointment unleashed a…
Nigeria’s Fuel Supply Outlook Bleak Amid Forex Crisis – Report
The outlook for petroleum products supply in Nigeria is bleak as foreign exchange scarcity continues to hamper importation by private…
NCC Urges Banks, Others On Bankability Of IP Assets
Accepting Intellectual Property (IP) as collateral assets will go a long way to support Small and Medium-Sized Enterprises (SMEs) in…
Oil Holds Gains Near Six-Week High On Rising Demand Optimism
Oil was steady near a six-week high as signs of strengthening demand in key markets offset concerns a Covid-19 resurgence…
Government Money Seen Powering U.S. Economy In First Quarter
U.S. economic growth likely accelerated in the first quarter, fueled by massive government aid to households and businesses, charting the…
Oil Prices Extend Gains As Bullish Demand Outlook Outweighs India Concerns
Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer…
Nigeria Lawmakers Expand Powers Of Firm Buying Banks’ Bad Debts
Nigerian senate passed a bill that strengthened the power of state-owned Asset Management Corp. of Nigeria to recover bad loans…