Survey: Nigerians Expect Weaker Economy If Inflation Rises Faster —CBN
The Central Bank of Nigeria has said more than 60 per cent of Nigerian households…
Category: Business
NNPC Set To Grow Crude Reserves To 40bn Barrels
The Nigerian National Petroleum Corporation (NNPC) has assured of its resolve to grow the nation’s…
Rising Inflation, Forex Demand Push Naira To N478/$1 At Parallel Market
The naira on Thursday depreciated to N478 to dollar at the parallel market as importers…
Value Of Naira Sinks To N480/$1 At Black Market
According to data obtained by Business Post from AbokiFX, a platform that tracks the Naira…
Dollar Halts Slide As Mnuchin Calls Time On Emergency Funds
The dollar halted its slide on Friday after U.S. Treasury Secretary Steven Mnuchin called an…
UK May Ease Christmas Rules As COVID Cases Start To Flatten, Minister Says
There are signs that coronavirus cases in Britain are starting to flatten as a result…
Naira Sinks To 620 Against Pound, Euro Rises
The naira tumbled to 620 against the British pound sterling at the parallel market on…
CBN List Requirements For Third Party Participation In Buying Forex Routed Through Form
The Central Bank of Nigeria (CBN), in a new circular, has clarified its position on…
Nigeria Spends $500m Annually Importing Palm Oil, Says FG
Officials from the Federal Ministry of Agriculture and Rural Development, states, agencies and non-governmental organisations…
Nigeria Sliding Into Bankruptcy, Says Secondus
National chairman of the Peoples Democratic Party, PDP, Prince Uche Secondus has said Nigeria under…
Dollar Batters Naira Further
The Nigerian Naira was battered further today by the US dollar and other currencies as…
Jeff Bezos Just Became The Latest Big Tech Name To Invest In An African Fintech Startup
Over the past five years, high-profile visits to African tech ecosystems by Facebook CEO Mark…
Weekahead-Africa FX – Nigeria’s Naira And Kenya’s Shilling To Weaken
Nigeria’s naira and the Kenyan shilling are expected to lose value against the dollar in…
Oil Prices Slip As New Wave Of COVID-19 Cases Weigh On Outlook
Oil prices dipped on Thursday as a surge in coronavirus cases and tighter pandemic restrictions…
Nigeria, Niger Sign Agreement On Petroleum Products
The MoU was reached following bilateral agreements between President Muhammadu Buhari and President Mahamadou Issoufou…
Qatar Airways To Launch Three Weekly Flights To Abuja, Nigeria From 27 November
Launch of Abuja flights will increase Qatar Airways’ network in Africa to over 65 weekly…
Anger As FG Eyes N200b ‘Idle’ Funds
Shareholders, economists and securities expert have reacted angrily to Federal Government’s plan to plough N200…
Money Market Crash Triggers Largest Daily Gain In Five Years
Declining interest rates in the fixed income market triggered massive rally on the equities sector…
UK Petrol Car Ban Threatens Nigeria’s Oil Sales
Except the country finds new buyers, the plan to ban petrol and diesel vehicle sales…
Diversification, Infrastructure Remain Key To Nigerian Economic Outlook’
The extent of diversification of Nigeria’s economy and revenue sources and the development of infrastructure…
Nigeria Should Sanction CNN For Report On Shooting Of Protesters – Minister
Nigeria should sanction CNN for a report that the country’s military shot and killed protesters…
Absence May Make Eurobond Investors Fonder Of Africa Issuers
Africa’s notable absence from the rush to the sell Eurobonds this month is set to…
All The Bitcoin Lingo You Need To Know As Crypto Heats Up
Bitcoin’s back, baby. The best-known and largest cryptocurrency has gained more than 130% in pandemic-ravaged…
Attack Of The Debt Tsunami’: Coronavirus Pushes Global Debt To Record High
The coronavirus crisis pushed global debt levels to a new high of over $272 trillion…
FEC Approves Finance Bill, Says No Tax Increase
The Federal Executive Council on Wednesday approved the 2020 Finance Bill for subsequent transmission to…
ECB Can’t Go Bankrupt Even It Suffers Losses
The European Central Bank could “neither go bankrupt nor run out of money” even if…
Manufacturing Sector Recovers After Six-Month Contraction
The nation’s manufacturing sector has snapped out of the doldrums after contracting for six straight…
Nigeria: Manufacturing PMI Stages Recovery In November
The Central Bank of Nigeria’s (CBN) Manufacturing Purchasing Managers’ Index (PMI) stood at 50.2 index…
Dollar Loses To Euro As Payment Currency For First Time In Years
The euro was the most used currency for global payments last month, the first time…
Naira Weakens Further As Dollar Sells For 478
The naira extended its decline on Wednesday at the parallel market as the United States…