Benefits Of CBN’s Rice Intervention
The thrust of the agricultural policy of the Governor of Central Bank of Nigeria (CBN),…
Category: Business
Fed’s Rosengren Says Next 6 Months Will Be ‘Pretty Choppy’ Despite Vaccine News
LONDON — The next six months will remain turbulent as the global economy keeps grappling…
Russia Says Its Coronavirus Vaccine Is 92% Effective, As Battle To Beat Western Drugmakers Heats Up
Russia said Wednesday its coronavirus vaccine is 92% effective at preventing people from getting Covid-19,…
Chipotle To Open Its First Digital-Only Restaurant As Online Orders Soar
Chipotle Mexican Grill will open the doors to its first digital-only restaurant on Saturday. Unlike…
Stocks Making The Biggest Moves Premarket: Alibaba, Lyft, Aurora Cannabis, FuboTV, Tencent Music
Alibaba (BABA) – Alibaba shares are under pressure, amid concerns about tighter regulation of big…
Covid Vaccine Won’t Be An ‘Instant Stimulus’ To The U.S. Economy, Warns Economist
A Covid-19 vaccine will not result in an “instant stimulus” to the U.S. economy, which…
Naira Trades Flat Despite 173.1% Jump In Dollar Demand
There was a sharp rise in the demand for the United States Dollar at the…
‘Loan Defaults Worsened In Third Quarter’
Defaults in unsecured loans to household and small businesses during the third quarter worsened and…
Don’t Relocate, FG Tells Nigerian Traders In Ghana
The federal government has asked Nigerian traders in Ghana not to relocate but exercise more…
CBN To Bear 50 Per Cent Risk Of Agric Loans
The Central Bank of Nigeria (CBN) has agreed to bear 50 per cent credit risk…
Rising Hunger, Food Inflation: Need For FG, CBN To Rejig Strategy
In their avowed determination to make Nigeria a self-sufficient entity in food production as a…
NNPC Remits N1.8 Trillion Into FAAC In 13 Months
The Nigerian National Petroleum Corporation (NNPC) says it remitted N1.8 trillion into the Federation Account…
‘National Carrier Outdated, Signifies Waste Of Resources’
The Federal Government, through the Minister of Aviation, Senator Hadi Sirika, has again reawakened the…
For FX Contrarians, Much Of Dollar Weakness Has Been Priced In
The dollar’s resilience after falling to a two-year low is surprising forecasters who had predicted…
Oil Hits Two-Month High With Vaccine Hope Offsetting Demand Fear
Oil rose to its highest in more than two months in London on optimism that…
Nigeria’s Diaspora Remittance Inflow To Drop By $2bn In 2020 – World Bank
IN the just concluded week, the World Bank stated that it expects inflow of diaspora…
Weak Dollar, Growing Risk Appetite Vault Some Of Year’s Lagging Emerging Market ETFs
The weak dollar and booming risk appetite in the wake of the U.S. presidential election…
CBN To Bear 50% Risk Of Agric Loan
The Central Bank of Nigeria (CBN) has agreed to bear 50% of the credit risk…
Flights And Ships From Denmark To England Banned Amid Coronavirus Fears
Planes and ships travelling directly from Denmark, and accompanied freight, will no longer be able to…
Investments In 44 Free Trade Zones In Nigeria Nets $27billion
Nigeria’s investments in the 44 free trade zones across the country currently stand at over…
What A Biden Presidency May Mean For Consumer Protections
Joe Biden’s presidency could have big implications for everyday Americans when it comes to financial…
Stocks Making The Biggest Moves Premarket: Beyond Meat, Lowe’s, Microsoft, Tesla & More
DR Horton – The homebuilder reported quarterly profit of $2.24 per share, beating the consensus…
Dow Rises 250 Points, But Nasdaq Falls As Market Rotation Out Of Tech Continues
The Dow Jones Industrial Average rose on Tuesday, building on its sharp gains from the…
Sterling Gains 1% Vs Euro On Brexit, Vaccine Hopes
Hopes that a coronavirus vaccine would put the British economy back on track pushed the…
Australian Dollar Dips, Traders Cautiously Welcome Vaccine News
The Australian dollar traded slightly lower against its U.S. counterpart on Tuesday while the New…
Equities’ Returns Hit 20.1%
Average year-to-date return for Nigerian equities rallied to 20.1 per cent on Monday as increased…
Dollar Edges Up, Currency Markets Still Upbeat After Vaccine News
The dollar edged up on Tuesday and the yen stayed low, as investors remained optimistic…
Naira May Depreciate To 475 Against Dollar, Says Rewane
The naira will weaken in the parallel market as oil prices stay at $40-$42 per…
FG Shouldn’t Open Borders For Only Dangote, Says Peterside
The founder of Stanbic IBTC Bank Plc, Mr Atedo Peterside, has complained that only Dangote…
Emirates Restores Lagos/Dubai Daily Flight
EMIRATES Airlines said it has increased its flight frequency on the Lagos / Dubai route…