Nigeria Plans To Reopen Land Borders As Soon As Possible, Says Buhari
The Nigerian government plans to reopen its land borders, President Muhammadu Buhari has said. He…
Category: Business
Trade Deficit Expands To A New 4-Year High In Q3 2020
In line with our expectations, trade flows remained downbeat as 9M’20 trade flows plummeted by…
Oil Contributes 81% To N2.99tn Q3 Exports
Despite efforts made at boosting non-oil earnings, crude contributed N2.42 trillion to the country’s 2.99…
China Makes Digital Yuan Transfers As Easy As Using A Phone
BEIJING — China will expand trials of its digital yuan Friday evening with a feature…
Port Congestion Drops By 20% – Shippers Council
Lagos — The congestion at various terminals at the Apapa and Tin-Can Island Ports has…
Pound On The Defensive As Brexit Deal Talks Go Down To The Wire
Britain’s pound was the biggest mover in otherwise quiet trade among the G10 group of…
Dollar Weakens As Market Looks To U.S. Stimulus; Sterling Falls
The dollar slid against most currencies on Monday in choppy trading, as investors looked past…
Emefiele, Others Support New Payment Settlement Initiative
The interim Governing Council of the Pan-African Payment and Settlement System (PAPSS) held its inaugural…
Three Arrested In Multimillion Invoice-Redirect Fraud Investigation
Gardaí investigating a major crime network based in Ireland, and abroad, that has scammed millions…
Nigerian Airlines Attribute High Fares To Exchange Rate
Some of the Nigerian airlines say they won’t be able to fund their operations if…
Nigeria’s Oil Industry To Get Lift From SHI Offshore Technology Investment
Despite the slump in crude oil prices, which may push the oil majors and minors…
Recession – Nigeria In Need Of Expansionary Economic Policy
Recession is a function of a country’s Gross Domestic Product (GDP); which is defined as…
Petrol Price May Hit N180 As Oil Nears $50
The pump price of Premium Motor Spirit, popularly known as petrol, may hit N180 per…
Nigeria: Non-Performing Loans Have Dropped Due To GSI
The Acting Managing Director of FirstCentral Credit Bureau and Chairman of Credit Bureaus Association of…
FG To Reduce Petrol Price By N5 From Monday
The Federal Government has agreed to slash the pump price of Premium Motor Spirit (PMS),…
Mastercard Sees Vaccine News Speeding Up Return To Office
Mastercard Inc.’s incoming chief executive officer said promising data on coronavirus vaccines could mean the…
Oil Drops Toward $45 With Virus Surge Tempering Vaccine Optimism
Oil fell for a second day as near-term demand risks due to a resurgent pandemic…
Dollar Gains Ground On U.S. Stimulus Hopes
The dollar edged a little higher on Tuesday morning in Asia, keeping the momentum from…
Brexit: Pound Recovers Ground As Johnson Sets Talks In Brussels
The pound has fallen against the euro and the dollar, as traders reacted to the…
Why Pound Traders Are Optimistic About Brexit
Hope springs eternal. U.K. Prime Minister Boris Johnson is packing his bags for Brussels to…
Fresh Pressure Mounts On Naira, Trades N482/$1 At Black Market
During the trading session, the local currency depreciated by N7 to sell for N482/$1 in…
‘New Policy On Diaspora Remittances ‘Ll Halt Naira Slide’
The Central Bank of Nigeria (CBN) has continued to receive commendations for the reintroduction of…
FG To Generate $30bn From 22 Major Products On Export
Federal Government has said it is working assiduously to boost the country’s non-oil revenues having…
Nigeria Resumes Fuel Import From China
According to data from the General Administration of Customs as obtained by S&P Global Platts,…
Buhari Renominates Kuru As MD Of AMCON; Appoints New Heads For NDIC
President Muhammadu Buhari has renominated Mr Ahmed Kuru as Managing Director and Mr Eberechukwu Uneze…
December 2020 FGN Savings Bonds Offer For Subscription
Pursuant to the Debt Management Office (Establishment) Act 2003 and the Local Loans (Registered Stock…
China Hands Out $3 Million Of Digital Yuan As JD.Com Becomes First Online Platform To Accept It
GUANGZHOU, China — Chinese e-commerce firm JD.com said it has become the first online platform…
Nigerians Must Embrace Production To Grow Economy —Emefiele
Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said Nigeria must return…
190,000 Applicants Jostle For 9,460 NIS, NSCDC Jobs
About 190,000 applicants are jostling for 9,460 job slots at the Nigeria Immigration Service and…
Oil Falls On Surging Virus Cases And U.S.-China Tensions
Oil prices slipped on Monday as the positive impact from COVID-19 vaccines and an OPEC+…