Electronic Transaction Volumes Increased 67% During Lockdown — CBN
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has said that electronic transaction volumes…
Category: Business
Turkey Eases Currency Trading Limits Again, Boosting Lira
Turkey made it easier for foreign investors to access lira funding, a move that’s aimed…
Dollar Holds Gains As Investors Temper COVID-19 Vaccine Enthusiasm
The dollar held broad gains on Thursday as investors tempered bullish expectations about a COVID-19…
Hedge Fund Blocks Nigeria In $10 Billion P&ID Dispute
VR Capital Group Ltd. won a U.S. ruling to block Nigeria from accessing its internal…
NDIC Raises Concern On How To Identify, Insure Non-Bank Financial Institutions
The Nigeria Deposit Insurance Corporation (NDIC) on Wednesday raised concerns on how it could identify…
Forex Demand Pressure Worries CBN MPC Members
Some members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed…
Nigeria’s Fragile Fiscal Regime May Stall $24bn Oil, Gas Projects
With the continued delay in the passage of the Petroleum Industry Bill (PIB) leading to…
British Envoy Decries Nigeria’s Three Per Cent Mobile Money Penetration
British Deputy High Commissioner in Nigeria, Ben Llewellyn-Jones, has decried the most populous black nation’s…
Funds Scarcity Stalls Audit Of 801 MDAs, 110 Foreign Missions Since 2017
The House of Representatives has expressed concern and dissatisfaction over the inability of the office…
Nigerian Currency Falls To N466/$1, N600/£1 At Black Market
The Naira recorded losses against both the United States Dollar and the British Pound Sterling…
Stock Market Defies Economic Downturn As Investors Rake N1.2trn
The Nigerian stock market continued its gaining streak defying the prevailing economic down turn with…
Oil Steady Above $41 On Signs OPEC+ Edging Toward Keeping Cuts
Oil held gains above $41 a barrel in New York as OPEC+ appeared to be…
Kaduna Inland Dry Port Strategises To Render Improved Services
The Kaduna Inland Dry Port says it is strategising ahead of 2021 to render better…
Singapore To Introduce New Visa To Draw Top Global Tech Talent
Singapore is rolling out the red carpet for top talent, launching a programme to initially…
Internet Economy In Nigeria, Others To Reach $180bn In 2025
The Internet economy has the potential to contribute $180bn to the economy of Nigeria and…
FG To Unveil Techno Oil’s LPG Terminal
The federal government’s drive to stimulate job creation has started yielding dividends as the Techno…
The Chinese Renminbi And The Japanese Yen Are Likely To Appreciate Sharply
In the recent period, the Chinese renminbi and the Japanese yen have appreciated against the…
Buhari To Sign AfCFTA Ratification Soon
The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, has assured that President Muhammadu…
Dollar Holds Gains As Investors Adjust Vaccine Expectations
The dollar held broad gains on Thursday as investors adjusted some of their expectations about…
Nigerian Billionaire Benedict Peters Eyes Platinum Mine In Zimbabwe
Harare — Bravura Holdings, owned by Nigerian billionaire Benedict Peters, has $1bn available for the…
Nigerian Stocks Climb To 2-Year High
ABUJA: Nigerian stocks climbed to a more than two-year high on Wednesday as domestic funds…
UK ‘Sleep-Walking’ Into Personal Debt Crisis, Warns Charity
Britain is ‘sleep-walking’ into a personal debt crisis with the number of people in severe…
US Immigration Policy Changes Expected Under Biden
The incoming administration of President-elect Joe Biden could swiftly reverse an array of President Donald…
OPEC+ Focuses On Delay To Oil-Output Hike Of Three To Six Months
Talks between OPEC and its allies are zeroing in on a delay to next year’s…
Analysis: Fear On The Wild Frontier As Riskier Stock Markets Left Trailing
Frontier stocks have trailed bigger emerging markets in recovering from the coronavirus-induced crash as liquidity…
CBN Accuses #EndSARS ‘Promoters’ Of Terrorism Financing
The newspaper quotes a written address in support of a motion ex parte filed by…
What You Need To Know About BioNTech — The European Company Behind Pfizer’s Covid-19 Vaccine
LONDON — Before 2020, Germany’s BioNTech was a relatively little-known biotechnology company. That all changed…
Bernard Arnault Is World’s Second Richest Person, Adding Billions As Market Rallies
Luxury king Bernard Arnault has retaken the title of world’s second richest person, with a…
Pound Hits Two-Month Highs Versus Euro As Vaccine Seen As UK Lifeline
Sterling hit its highest level in more than two months versus the euro on Wednesday…
Dollar Gains Back Strength As Vaccine Optimism Wanes
The U.S. dollar rose on Wednesday as optimism about a potential coronavirus vaccine was offset…