CBN Charges Nigerians On Lower Appetite For Foreign Goods
The Central Bank of Nigeria (CBN), yesterday, advised Nigerians to moderate their taste for foreign…
Category: Business
Norway’s DNB Faces $45 Million Fine Over Money Laundering Compliance Work
DNB, Norway’s biggest bank, could be fined 400 million Norwegian crowns ($45.4 million) by the…
CBN Defines Chief Compliance Officers’ Role In Banks
The Central Bank of Nigeria (CBN) has approved new requirement for the appointment of chief…
Brexit Crunch Time As EU And UK Still Divided Over Trade Deal
Brexit trade talks hung in the balance on Monday as Britain and the European Union…
Tumbling Naira: Resolving Nigeria’s Balance Of Payment Deficit
Domiciliary accounts and remittances have emerged as twin touchy issues in the management of Nigeria’s…
Sterling Volatility Jumps As No-Deal Brexit Risks Rise
Measures of expected swings in the British pound over the coming days jumped to their…
Dollar Mired Near Two-And-Half Year Low, Sterling Eyes Last-Ditch Brexit Talks
The dollar started the week on the back foot on Monday after soft U.S. jobs…
Suspension Of Barge Operations: Nigeria Economy On The Verge Of Collapse – SINET
President Muhammadu Buhari has been urged to urgently call for the immediate withdrawal of a…
Lufthansa Resumes Flights To Nigeria
The first Lufthansa flight after an eight months suspension occasioned by the coronavirus pandemic, arrived…
CBN Expects $2bn Diaspora Remittances Monthly, Says Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Thursday, said the target…
UK And EU Leaders Say Brexit Talks To Resume In Bid To Find A Deal
British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen asked their…
Nigeria Losing $1.9bn Annually To Foreign Ship Owners – NSC
The Chief Executive Officer, Nigerian Shippers’ Council Hassan Bello, has said that Nigeria is losing…
U.S. Ends Exchange Programs With China, Calling Them ‘Propaganda’
The U.S. State Department said on Friday it has ended five cultural exchange programs with…
Canadian Dollar Cracks 78 U.S. Cents On Strong Jobs Data
The Canadian dollar strengthened to a two-year high against its U.S. counterpart on Friday as…
Dangote: Naira Devaluation Will Not Affect Nigeria’s Food Fortification Targets
Dangote said this at the 3rd Annual Nigeria Food Processing and Leadership Forum, which he…
Pound Soars To 2018 High On Brexit Optimism, Dollar Weakness
The pound rallied on mounting speculation that Britain and the European Union are closing in…
Next Africa: Where Are The Vaccines?, South Africans Ask
The plaudits South Africa won for its swift initial response to the coronavirus in March…
Recession: Nigerians Must Moderate Foriegn Goods Consumption To Stabilize Economy – CBN
Central Bank of Nigeria, has advised Nigerians to moderate their insatiable tastes for consumption of…
Naira Steady As Oil Output Slips And Remittances Fall
Nigeria’s central bank weakened the naira for the third time this year amid dollar shortages…
US Removes Visa Reciprocity Fee For Nigerians
The United States has removed the reciprocity fee imposed on visa applications for Nigerians. Nigeria’s…
Tons Of Cocoa Beans Are Piling Up In Nigerian Ports
In Nigeria, efforts to claw back some of the foreign-exchange earnings lost to falling oil…
Nigerian Currency Loses 1.1% Against USD At Parallel Market
The Naira took a slide against the US Dollar at the black market on Friday…
Sterling Falls As Hopes For A Brexit Deal Recede; Talks Continue
Sterling was falling on Friday, retreating from the one-year high it reached the day before,…
Dollar Set For Worst Week In A Month; Euro Rides High
The dollar was headed for its worst week in a month on Friday while the…
Lufthansa Resumes Lagos, Abuja Flights
Lufthansa on Thursday welcomed passengers at Lagos airport on board on resumption of its nonstop…
Arik, Aero May Merge For Business Survival
There are strong indications that stakeholders are considering a merger between Arik Air and Aero…
Covid-19 – Restrict Int’l Flights, Muric Tells Govt
The Muslim Rights Concern has urged the Federal Government to restrict international flights over worldwide…
Dangote Refinery Named Among 20 Most Influential Projects In The World
Dangote Oil Refinery has been listed among top 20 influential projects surveyed in the last…
Taxpayers Relieved From Tax Investigation Beyond Six Years
The Tax Appeal Tribunal (TAT or “the Tribunal”) sitting in Benin on 8 October 2020…
Nigeria: New Policy To Improve Diaspora Remittances Starts Dec 4
The Central Bank of Nigeria (CBN), Mr Godwin Emefiele has announced that the new CBN…