Businesses Need Lower Interest Rates To Kick-Start Recovery
Creaking grid: Electric wires in Ojuelegba district in Nigeria’s commercial capital Lagos, June 18, 2018.…
Category: Business
Ivory Coast Struggles To Sell Cocoa Amid Dispute Over Farmer Premium
Ivory Coast has not sold up to 15% of cocoa from its ongoing main crop,…
Threats, Detentions And Frozen Assets: Nigeria’s Protesters Depict Pattern Of Intimidation
At 7 a.m. on a recent Saturday, Onomene Adene received a call from a man…
Musk to Tesla employees: ‘Our stock will immediately get crushed like a souffle under a sledgehammer!’ if we don’t control costs
Tesla CEO Elon Musk sent an e-mail to employees on Tuesday warning them that they…
Naira Reverses Loss, Trades At N470/$
It is currently trading at N470 to the dollar. The naira, which had previously exchanged…
CBN Directs Banks To Close Naira Ledger Accounts For IMTO
The Central Bank of Nigeria (CBN) has directed banks in the country to close all…
Delay In Vaccine Rollout Is The Top Risk To The Economic Recovery, ECB Member Says
LONDON — A potential delay to the distribution of coronavirus vaccines is the biggest risk…
Oil Holds Steady With OPEC Working To Bridge Gaps On Policy
Oil held steady in New York, with OPEC and its partners engaging in a diplomatic…
Minister Assures Investors Of Forex In Machinery Procurement
The Federal Government on Monday assured local raw materials investors that they will be given…
Govt Assures Investors Of Access To Forex For Machinery Importation
The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo has assured investors using local…
CBN Issues Fresh Directives On Foreign Currency Payment Of Diaspora Remittance
The Central Bank of Nigeria CBN) has issued fresh directives to International Money Transfer Operators…
Sterling Slips Below $1.34 As Brexit Trade Deal Doubts Emerge
Sterling dipped below $1.34 as doubts resurfaced over whether Britain can seal a post-Brexit trade…
Nigeria’s Biggest Bank In Talks To Buy Atlas Mara Assets
Nigeria’s biggest bank is in talks about a potential acquisition of assets belonging to Bob…
Dollar Rises From Two-And-A-Half-Year Lows, Risk Currencies Retreat
The dollar rose from a two-and-a-half-year low on Wednesday as investors assessed the likelihood of…
CBN Introduces Special Bills To Deepen Financial Market
The Central Bank of Nigeria (CBN) will make N250 billion available for infrastructure funding in…
Dollar Savers Offload Deposits As Naira Exchanges For N490/$
The naira on Tuesday recorded significant gains against the dollar. The local currency’s appreciation against…
Naira Depreciates At I&E On 379.6% Jump In FX Demand
The Naira slid by 0.96 per cent or N3.75 against the US Dollar at the…
Will I Need A Visa To Go To The EU After Brexit?
With less than a month before the end of the Brexit transition period, there are…
FX Inflows: CBN Enables Cash Withdrawal In Foreign Currencies
In order to bridge the wide exchange rate between the legalised foreign exchange (forex) markets…
CBN Releases Banks’ Excess CRR To Spur Economic Recovery
As part of efforts to support economic recovery and propel the quest to return to…
Customs Explains Multiple Import Counter-Check System
COORDINATOR of the Comptroller General of Customs Strike Force Zone ‘A’, Ahmadu Bello Shuaibu, has…
AfCFTA – Nigeria Can Ban 10% Of Sensitive Goods, Others At Borders
Lagos and Abuja — In spite of the African Continental Free Trade Area (AfCFTA) starting…
Nikola founder Trevor Milton can sell his 91.6 million shares starting Tuesday as insider lockup period expires
Ousted Nikola founder and Chairman Trevor Milton is the company’s largest shareholder with more than…
Nigeria’s Oil Rig Count Dips By 30% In One Month
Nigeria’s active rig count has dropped significantly by 30 per cent to seven in October…
Euro Near Three-Month High As Dollar Takes A Hit; Bitcoin At New High
The euro was close to a three-month high on Tuesday as the U.S. dollar fell…
Crash In Money Market Instruments Triggers N2.3tr Gain
Investors on the Nigerian Stock Exchange (NSE) gained N2.3 trillion in November, as the market…
First Virtual Trade Mission For UK-Africa Legal Services
stry of Justice’s Legal Services are GREAT (LSAG) campaign, it will promote the UK’s prestigious…
Nigeria To Push CNG As Alternative Transport Fuel, Reduce Reliance On Gasoline
London — Nigeria has started the roll out of compressed natural gas (CNG) as a…
FG, Egyptian Firm Sign Pact To Invest In Gold Mining
The Federal Government and Messrs La Mancha Incorporated, a leading Luxembourg Incorporated Private Gold Development…
Federal Reserve Says Key Bank Lending Rate Will Be Phased Out By June 2023
An interest rate that banks around the world use as a benchmark for short-term borrowing…