Stable Oil Prices Won’t Resolve Nigeria’s Economic Challenges’
An investment expert and Chief Executive of EFG Hermes Nigeria Limited, Lilian Olubi, has said…
Category: Business
$53m Foreign Airlines’ Funds Trapped In Nigeria
Foreign airlines trapped funds in Nigeria currently stand at $53 million, according to the International…
A New Visa Credit Card Offers Bitcoin Rewards Instead Of Miles Or Cash
a Inc. is partnering with cryptocurrency startup BlockFi to offer a credit card that rewards…
Dollar Is Dropping To Multi-Year Lows Against Peers, One By One
The dollar is steadily moving down the pack of the world’s currencies in December. The…
US Soybean Export Council To Establish Excellence Centres In Nigeria
The United States Soybean Export Council (USSEC), the American Soybean Association’s World Initiative for Soy…
OPEC+ Working On Compromise For 2021 Oil Policy, Sources Say
OPEC and Russia have moved closer to a compromise over oil supply policy for 2021…
Dollar Plumbs Two-Year Lows As Stimulus, Vaccine Hopes Boost Risk Appetite
The dollar index hit its lowest in more than two years on Thursday, while the…
Sterling Holds Above $1.34 But Derivatives Signal Brexit Unease
Sterling clung on to $1.34 on Thursday thanks to broad dollar weakness, but derivative markets…
Nigerian Manufacturers Call For Review Of Border Closure
The Manufacturers Association of Nigeria (MAN) has urged the federal government to review its border…
Canadian Dollar Notches A Two-Year High On Higher Oil Prices
The Canadian dollar edged higher against its U.S. counterpart on Wednesday, as hopes rose that…
Nigeria Resumes Petrol Importation From China
According to S&P Global Platts, data from the general administration of customs (GAC) of China…
UK Opens New Visa Routes For Skilled Workers
Applications for the new skilled worker visa by the UK opened on December 1 The…
CBN Directs Banks To Close Naira Accounts For IMTO Proceeds
Following its new policy that grants unfettered access to forex from Diaspora and other money…
Naira Trades N485/$1 At Parallel Market As CBN Interventions Lessens Pressure –
At the same segment, the domestic currency also appreciated by N5 against the Pound to…
CBN Introduces New Bills To Control Liquidity
The Central Bank of Nigeria has said it has introduced special bills as part of…
Naira Gains, Exchanges For 490/$
Naira exchanged to the dollar at 490/$ in the parallel market on Wednesday, after it…
Exporters, Agents Lament Difficulties In Getting CBN Proceeds Number
Nigerian exporters have lamented the difficulties and undue stress in obtaining the Nigerian Export Proceeds…
OPEC+ Resumes Talks On 2021 Oil Policy Amid Disagreements
OPEC and Russia resume talks on Thursday in a bid to define policies for 2021…
New CBN Policy Firms Up Naira Value In Parallel Market
The Nigerian currency, Naira, yesterday reversed its two weeks depreciation trend in the parallel market,…
Nigeria Oilfield Sale To Eni, Shell Was Legally ‘Perfect’, Says Ex-Oil Minister Lawyer
The sale of a Nigerian oilfield to Eni and Royal Dutch Shell was legally “perfect”…
Sterling At One-Month Low Vs Euro As Brexit Trade Deal Doubts Emerge
Sterling fell to a one-month low against the euro and also dipped momentarily below $1.33…
Dollar Falls To Fresh 2-1/2-Year Low On U.S. Stimulus Bets
The safe-haven dollar sank to a fresh 2-1/2-year low in choppy trading on Wednesday, pressured…
Nigerian Port Authority’s E-Call Up System Could Help Solve Apapa Gridlock
The Nigerian Ports Authority has finalised plans to implement the electronic call-up system to control…
Pope Condemns ‘Terroristic Massacre’ Of Nigerian Farmers
Pope Francis condemned on Wednesday the killing of scores of farmers and villagers in northeast…
Stock Market Extends Gains By N55bn
Nigerian stock market sustained its positive outlook on Tuesday to begin the month of December…
Fitch Ratings: Forex Liquidity Risk May Affect Credit Rating Of Nigerian Banks
Fitch Ratings, a global credit rating agency, predicts a risk in the rating of Nigerian…
Terrorism: Don’t Unfreeze #EndSARS Campaigners’ Accounts, CBN Begs Court
THE Central Bank of Nigeria has asked Justice Ahmed Mohammed of a Federal High Court…
Pound Jumps As Traders Look For Endgame To U.K.-EU Trade Talks
The pound rallied the most in more than a week, as speculation grows British and…
Naira Appreciates At N490/$1 In Parallel Market After New CBN Policy
This is coming a day after it weakened at N500 to the dollar in the…
Diaspora Remittances, Domiciliary Accounts Become Battlegrounds For Nigeria’s FX Crisis
Truth is no one will gladly send a dollar to Nigeria at N390 if he…