Global Lenders Raise Pressure On Nigeria To Reform Currency
The International Monetary Fund and World Bank have intensified calls on Nigeria to speed up…
Category: Business
Naira Appreciates To N394/$ At I&E Amid 180.6% Spike In FX Demand
The Naira appreciated by 0.15 per cent or 60 kobo against the US Dollar at…
Debut Sale Of Special Nigerian Bonds Disappoints Investors
Nigeria’s first issuance of special bills created to boost liquidity for the nation’s banks left…
IMF Article IV: Nigeria’s Outlook Challenging, Forex Reforms Needed
The International Monetary Fund (IMF) yesterday returned a gloomy verdict on the Nigerian economy for…
Govt Halts Retrenchment Of 300 Arik Air StaffGovt Halts Retrenchment Of 300 Arik Air Staff
The Federal Government on Thursday said the over 100 per cent hike in domestic airfares…
Exporters Lament U.S Ban On Nigeria’s Catfish
Catfish exporters in Nigeria have lamented the ban on Nigeria’s processed catfish by the United…
U.K. Banks Could Be Forced To Refund Fraud Victims: Telegraph
U.K. lenders would be forced to refund all victims of financial fraud if plans being…
Lufthansa Awaits Clearance On P/H
European carrier, Lufhansa German Airlines yesterday said it was awaiting clearance from the Federal Government…
Nigeria Central Bank Sold Dollars On Forward Market Above 400 Naira -Traders
Nigeria’s central bank sold dollars on the forward market above 400 naira to foreign investors…
Report: CBN Must Accelerate Interventions In 2021 To Boost Economy
A report by the SB Morgen (SBM) has predicted that the Central Bank of Nigeria…
Economy Expected To Improve December – CBN Survey
A survey conducted by the Central Bank of Nigeria showed that respondents expected the economy…
Naira Will Become Powerful Again – Adeboye
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, says the…
Court Declares Stamp Duty Charges On Bank Deposits, Transfers Illegal
A federal high court in Asaba has declared the deduction of stamp duty charges by…
IMF Urges Nigeria To Reduce Debt Vulnerabilities
The International Monetary Fund has said it is important for Nigeria to ensure significant revenue…
Why Africa Borrowed Billions Of Dollars From China
Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through…
Delta Launches Contact Tracing For US Travelers’
Delta Air Line is partnering with the Centers for Disease Control and Prevention to keep…
British Pound Slips In Brexit Countdown, The Australian Dollar Rallies
Sterling was set to snap five weeks of gains with a slump on Friday, as…
Reps Want Interest-Free Banking In Nigeria
The House of Representatives on Thursday unveiled plans to adopt non-interest banking services in Nigeria…
Oil Price Rally Builds Steam As Coronavirus Vaccine Rollouts Begin
Oil rose around 1% on Friday, extending a sharp rally overnight that saw Brent rise…
Crippling Oil Production Cut
The oil production cut by the Organisation of Petroleum Exporting Countries (OPEC) and its allies…
‘FG Granted N342bn Waivers To Importers In Two Years’
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has disclosed that the…
MMIA New Terminal Ready For Use Q1
The newly constructed terminal at the Murtala Muhammed International Airport (MMIA), Lagos built by Chinese…
Nigeria To Access Vaccine From Jan, Says Okonjo-Iweala
Chair of the board of Gavi, the Vaccine Alliance, Ngozi Okonjo-Iweala, has assured that Nigeria…
Naira Extends Gains On Dollar At Black Market, Now N476/$1
The Naira extended gains into a second day on Thursday, December 10, appreciating by N2…
Terror Risks Escalate In Africa; Coronavirus Could Make It Worse
Terror groups are expanding operations and scaling up attacks in Africa, straining governments ill-prepared to…
Nigeria Plans To Approve Covid-19 Vaccine Early Next Year
Nigeria expects to license by April one of the vaccines under development globally for Covid-19,…
Nigerian Shell Employees Orchestrated Oil Spills For Own Profit: Dutch TV
Employees at Royal Dutch Shell’s Nigerian joint venture orchestrated damage to oil pipelines to profit…
Canadian Dollar Extends Rally As Oil Benchmark Cracks $50/Bbl
The Canadian dollar strengthened to a more-than two-and-a-half-year against its U.S. counterpart on Thursday as…
World Bank Says 20 Million More Nigerians May Fall Into Poverty
The World Bank has predicted that the effects of COVID-19 pandemic could see further drastic…
Nigeria’s Manufacturing Sector Moving In Right Direction — Minister
Following years of struggle to contribute meaningfully to the country’s GDP, Nigeria’s manufacturing sector will…