Africa Trade Deal Could Tap $84bn In Export Potential
A continent-wide free-trade pact could help to realise more than $84 billion in untapped intra-African…
Category: Business
Recession, Inflation And Nigerian Households’ Income
Headline inflation which measures the total rise in prices within an economy, including commodities such…
Naira Remains Flat Across Forex Markets As Improved Dollar Supply Continues
Forex turnover rose by 3.4%, as the Naira’s exchange rate at the NAFEX window maintained…
Nigeria’s External Reserve Sinks To 8-Month Low
This is the lowest level since April when it touched $33.4 billion in the wake…
Nigeria Gives Telecoms Providers Two Weeks To Add ID Numbers To SIM Cards
Nigeria has given telecommunication providers two weeks to add valid National Identification Numbers (NIN) to…
Naira Maintains Stability At Various FX Market Windows
The Naira extended its stability against the United States Dollar into a second day at…
China Offers $145 Billion To Banks As Cash Supply Tightens
China injected cash into the financial system by offering medium-term loans, in the government’s latest…
AfCFTA: Nigeria To Become Petroleum Products Refining Hub, Says Sylva
The Federal Government says it will leverage the opportunities provided by the African Continental Free…
Nigeria’s Economy Likely To Contract By Over 4% In 2020 -World Bank
Nigeria’s economy is likely to contract by more than 4% this year, plunging the country…
Nigeria Inflation At Highest In Almost Three Years On Food Costs
Nigerian inflation quickened to an almost three-year high in November as dollar shortages, insecurity in…
World Bank Approves $3bn For Nigeria
After threatening to withhold $1.5 billion until Nigeria carries out foreign exchange reforms to its…
Nigerian Annual Inflation Nears Three-Year High In November
Annual inflation in Nigeria rose in November for the 15th straight month, to almost a…
PwC: Nigeria’s Economy Will Perform Better Than IMF, World Bank Projections
This is contained in the December 2020 Nigeria Economic Alert released by the firm on…
Don’t Open Borders, NASME Tells FG
The National Association of Small and Medium Enterprise has advised the President, Major General Mohamadu…
Court Declares Stamp Duty On Bank Transactions Illegal
A FEDERAL High Court sitting in Asaba Delta State has ruled that it is illegal…
The Australian Dollar Is Surging On Record Iron Ore Prices As Tensions With China Climb
SINGAPORE — The Australian dollar has leaped to its highest in more than two years,…
External Reserves Dip By $269.47m In Five Weeks
The country’s foreign reserves fell by $269.47m in five weeks, the latest figures obtained from…
Dollar Heavy Amid Stimulus Progress, Pound Buoyed By Brexit Hopes
The dollar traded near 2 1/2-year lows against major peers on Tuesday as demand for…
Equities Market Opens Week Bullish, Investors Gain N309.8bn
Equities trading on the Nigerian Stock Exchange (NSE) begins the week on a positive note…
Rapid China Inflows Spur Call For Strongest Yuan Since 1993
The yield on China’s 10-year government bonds climbed in recent months on speculation the PBOC…
FG Suspends Issuance Of FTZs Licences
The Federal Government has suspended issuance of licences for the operations of Free Trade Zones…
Banks’ Non-Performing Loans Now N1.17tn – NBS
Non-performing loans in the Nigerian banking sector fell by N42.4bn in three months, latest figures…
Oil Rises From The Ashes As The Big Coronavirus Recovery Trade
Brent crude topped $50 a barrel last week for the first time since March, a…
OPEC+ Countries To Hold Jan. 4 Talks, Algeria Says
Algerian Energy Minister Abdelmadjid Attar said on Sunday that OPEC+ countries will meet on Jan.…
Deregulation: Nigerians Overpaying For Petrol – Expert
At a pump price of N167 per litre, Nigerians are currently overpaying for fuel, an…
CBN Commits N200bn On 300,000 Social Housing Scheme
THE Central Bank of Nigeria, CBN, has committed N200 billion to kickstart the social housing…
Nigeria’s Q3 Oil Exports Rise By 56% To N2.42tn
Nigeria more than doubled its crude oil exports in the third quarter of this year…
Banks Have Benefited From COVID-19 Fiscal, Monetary Policies – Okonkwo
Nnamdi Okonkwo, who retires as the Managing Director/Chief Executive Officer of Fidelity Bank, on December…
Pound Sterling Set For An Explosive Monday Session Vs. Euro And Dollar
Pound Sterling is in for a potentially explosive session on Monday owing to a Sunday…
Relieved Pound Jumps As Brexit Talks Go Beyond Deadline
The British pound gained a percent against the dollar and the euro in relief after…