Opec Output At Seven-Month High In Nov: Correction
Opec crude production rose to a seven-month high last month, climbing by 805,000 b/d from…
Category: Business
Fitch Ratings Expects House Prices To Fall Up To 5 Per Cent In 2021
Canada’s housing markets broke records in 2020, even as a global pandemic raged, but prices…
Nigeria May Be On Verge Of Second Wave Of COVID-19 Infections Warns Health Minister
Nigeria may be on the verge of a second wave of COVID-19 infections amid rising…
WEEKAHEAD-AFRICA-FX-Ugandan Currency Firm, Kenya’s, Zambia’s Stable, Nigerian Rangebound
Uganda’s currency will likely gain against the U.S. dollar next week, while Kenya’s and Zambia’s…
Nigeria Needs More Naira Reform For $1.5 Bln World Bank Loan, Country Director Says
The World Bank needs Nigeria to strengthen reforms of its currency, the naira, before it…
Mexico Senate Passes Bill To Make The Central Bank Buy Unwanted Dollars
Mexico’s Senate approved Wednesday a bill that will force the central bank to buy dollars…
Sterling Extends Losses With UK And EU Still Far Apart In Brexit Talks
The Brexit-battered pound extended its losses against the dollar and the euro on Thursday, as…
ECB To Go Easy; Brexit Goes Sour
Bets on more European Central Bank stimulus kept Europe’s main stock markets and the euro…
Euro Stable Ahead Of ECB Stimulus, Pound Dips On Brexit Fears
The euro stood its ground on Thursday ahead of the European Central Bank unveiling fresh…
Ports And Cargo Debunks Reports Of Inefficiency
Ports and Cargo Handling Services Limited, the flagship and port operations arm of SIFAX Group,…
Apapa Gridlock: Truck Owners, Port Operators Allege Extortion By Presidential Team, Others
Importers, clearing agents, truck owners and other operators at the Apapa and Tin Can Island…
States Eye Capital Market For Funds To Develop Infrastructure
A wave of fundraising by state governments from the capital market through bonds to develop…
Bank Of Canada Stands Pat On Rates Amid Surge In Covid Cases
The Bank of Canada stood pat on interest rates and reiterated its commitment to keep…
Crude Oil Remittance: Court Upholds $1.7bn Arbitral Award In Favour Of NPDC
The Federal High Court in Lagos has upheld a landmark $1.7billion arbitral award in favour…
New Profit Alerts From Nigerian Banks Have Less To Do With Virus
It’s not just the pandemic that’s putting Nigerian bank earnings at risk: Competition for customers…
Pornhub In Trouble: Mastercard, Visa Cut-Off Payments
Mastercard said it would no longer process payments for Pornhub. Mastercard has directed the third-party…
Pound Drops As Chances Dim For Post-Brexit Trade Deal After ‘Lively’ Dinner
Sterling slid on Thursday after British Prime Minister Boris Johnson and European Commission President Ursula…
Banking, FMCG, Industrial Stocks Drag Nigeria Bourse Down As Negative Sentiments Rule Bulls
It was a negative outing at the Nigerian equities market on Tuesday as persistent profit-taking…
How Oil Majors Shift Billions In Profits To Island Tax Havens
Bermuda and the Bahamas aren’t exactly big players in the oil-and-gas world. They don’t produce…
DPR Cautions Against Panic Buying, Hoarding Of Petrol During Festivities
The products are available, and the government has made sufficient provision to cover this festive…
UK Holidaymakers Barred From EU After 1 January Under Covid Rules
European commission indicates Britons will face ban on nonessential travel at end of Brexit transition…
Naira Devaluation As False Economics
After decades long of word counts and verbal exchanges on Naira devaluation and “oil subsidy…
FG Crashes Data Price By 50 Percent
The Federal government said on Thursday that the price of data has been reduced by…
British Pound Falls About 0.5% After Johnson-Von Der Leyen Meeting
he British pound fell 0.5% in early Asian trade on Thursday after British Prime Minister…
Naira Bounces Back At Black Market With N5 Gain
Against all odds, the Naira came back stronger against the US Dollar at the parallel…
INFLATION: Agusto & Co Warns Nigerians Against Liabilities In Hard Currencies
Due to the weakening of the Naira value against the world’s major currencies, Nigerians should…
Shell Former Upstream Chief: Nigeria Oilfield Deal Was ‘Lawful And Correct’
Shell’s former international upstream head Malcolm Brinded had no reason to think that the awarding…
Rising Exchange Rate Poses More Difficulty For Importers, Says Expert
Continuous rising of foreign exchange may pose more difficulty for importers in the coming year,…
Dollar Nears 2 1/2-Year Lows As Vaccine Optimism Grows
The U.S. dollar fell towards a two-and-a-half-year low on Wednesday as progress in combating the…
U.S Enforces 6 Month Passport Validity Rule For Christmas Travels
The United States Embassy in Nigeria has advised both U.S citizens and dual nationals to…