Nigeria: Reps Summon NNPC Boss, Emefiele, Allege N3.2tn, Others Unremitted
The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum…
Category: Business
Nigeria: Kaduna Dry Port Woos Chamber Of Commerce, MAN, Others
The Kaduna Inland Dry Port has begun to liaise with various segments of the organised…
Finance Bill 2021: Stakeholders Engagement Begins
The Federal Ministry of Finance, Budget and National Planning has released the draft version of…
Analysts Allay Fears Of Nigeria’s Default As Eurobond Investors Fret
Analysts have allayed concerns about the likelihood of Nigeria defaulting on its Eurobond payments to…
Nigeria’s Inflation Hits 14.23% — A 30-Month High
Nigeria’s inflation rate has climbed to a 30-month high, as it rose further to 14.23…
$500m Chinese Debt Sparks Confusion In Airport Concession
Federal Government’s plan to concession airports has run into difficulties over an existing debt and…
Oil Tanker ‘Hijacking’: Probe Remains Ongoing, Say Police
A MARITIME ‘hijacking’ probe is ongoing. Seven Nigerian men were previously bailed for allegedly hijacking…
Dollar Steadies Amid Rising Global Coronavirus Cases
The dollar was hemmed into a narrow range on Monday, as traders weighed the economic…
Gold And Monetary Policy
Today, Monday, November 16, South-South governors are scheduled to meet over the subject of Zamfara…
Oil Climbs Higher On China, Japan Rebound, Hopes Of OPEC+ Supply Curb
Oil prices climbed on Monday, recouping some losses from the previous session as hopes that…
CBN’s LDR Policy Buoys Lending To Real Sector
The Central Bank of Nigeria’s Loan to-Deposit-Ratio (LDR) initiative has through its 18 months of…
Investment Market Trembles As Buhari Signs BOFIA 2020
With the signing of the Banking and Other Financial Institutions Act (BOFIA) (amendment) Bill 2020,…
Investors Stake N59bn On Shares As Market Extends Rally
Equities investors will for a long time remember the performance of the market last week…
Naira Exchanges At N470/$ In Parallel Market
The naira has continued to fall in the parallel market as it exchanged at N470…
China’s Factory Output Beats Forecasts As Asia Shakes Off COVID Slump
China’s factory output rose faster-than-expected in October and retail sales continued to recover albeit at…
‘AfCFTA Will Open Up Neighbouring Markets For Nigeria’
The ratification of the African Continental Free Trade Agreement (AfCFTA) last week by the Federal…
‘Nigeria May Face $20bn Loss In Export Revenue’
Nigeria and four other oil producers on the African continent could each be facing $20billion…
Canadian Dollar Posts Weekly Loss On ‘Bleakening’ Global Outlook
The Canadian dollar steadied against its U.S. counterpart on Friday, holding near its weakest level…
UK Expected To Ban Sale Of New Petrol And Diesel Cars From 2030
Boris Johnson is understood to be planning to ban the sale of new petrol and…
Central Bank Digital Currencies Are Dead In The Water
CBDCs won’t fundamentally be changing anything — central banks still want to control your wealth…
How Airports Re-Opened For International Flights, By FAAN
The Federal Airports Authority of Nigeria (FAAN) at the weekend offered clarifications on the criteria…
Despite FG’s Appeals, Nigerian Traders In Ghana Call For Evacuation
Despite assurances and pleas by the Federal Government, Nigerians living and working in Ghana under…
Zambia Becomes First African Country To Default On Dollar Bonds Since Covid
Zambia could not pay an overdue Eurobond after the grace period elapsed on Friday, making…
Otunuga: Rising Gold Prices May Support Nigeria’s Economy
As the federal government grapples with the challenge of finding solutions to Nigeria’s current economic…
Transport Cost, Major Driver Of Inflation — Finance Minister
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said the inflation…
Naira Weakens To 470/Dollar Despite CBN Interventions
The naira weakened to 470 against the United States dollar in the parallel market on…
Palm Oil Price Further Increases In Enugu Major Markets
The price of palm oil has further increased in major markets across Enugu metropolis, the…
Nigeria’s Naira sinks to lowest level in weeks
Nigeria’s currency, the Naira closed the week, falling to its weakest level in six weeks…
FG Is Prioritising Vaccine For Nigerians –Osinbajo
One of Nigeria’s main priorities now is getting the COVID-19 vaccine and this is a…
How China’s New Development Plan Will Benefit Nigeria, Other African Countries, By Envoy `
There are tremendous opportunities for Nigeria and other African countries in China’s 14th Five-Year Plan…