What GDP Can And Cannot Tell You About The Post-Pandemic Economy
Pity the world’s chartmakers. For years, normal economic fluctuations will be dwarfed by the extraordinary…
Category: Business
Bitcoin Price Nears $16K, But It’s Ethereum That May Shine In November
The price of Bitcoin (BTC) is nearing $16,000 after achieving $15,960 on Binance. Following the…
Pound Rallies After Bank Of England Pumps Extra Cash Into The Economy, Just As A National Lockdown Starts
The pound rallied on Thursday, heading for its biggest weekly gain since late September, despite…
Fintech Bluecode Aims To Light Up Nigeria’s Informal Economy
The Bluecode payments solution is about to go live in Nigeria with two partner banks,…
Airlines’ ‘Bait-And-Switch’ Strategy Lures Customers To Flights That Never Take Off
OTTAWA — Despite minuscule travel demand, Canadian airlines continue to schedule tens of thousands of…
Oil Falls On Surging Virus While U.S. Election Adds Uncertainty
Oil dropped below $38 a barrel as surging coronavirus cases and a tightly contested U.S.…
Canadian Dollar Stays On Track For Best Week Since June
The Canadian dollar weakened against its U.S. counterpart on Friday but stayed on course for…
Shipping Can Contribute 5% To GDP Annually – NIMASA Boss
Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Bashir Jamoh, has said that…
FG To Establish Solid Minerals Processing Hubs
The Federal Government plans to establish solid mineral processing hubs in the six geopolitical zones…
FG Requires $656m To Complete Lagos-Ibadan Rail Line
The Minister of Transportation, Rotimi Amaechi on Friday said that the Federal Government requires the…
Famed Luxury Carmaker Bentley To Go Fully Electric By 2030
Bentley Motors plans to exclusively offer plug-in hybrid and electric vehicles by 2026 and fully…
Bitcoin Now N7.2m At Crypto Market As Naira Falls To N465/$
The digital token’s latest rally comes as the outcome of Tuesday’s US presidential election remains…
UK Names New Trade Envoy To Nigeria
The United Kingdom Government has confirmed the appointment of Helen Grant MP, a British-Nigerian, as…
GM Plans To Increase Pickup Truck Production With Up To $1 Billion Investment In Canada
General Motors plans to significantly increase production of its highly profitable pickup trucks by investing…
Bitcoin Surge Widens Crypto’s Lead Over Gold As Top Asset Of 2020
Bitcoin’s surge during U.S. election week has pulled cryptocurrency performance further ahead of major asset…
Multiple Customs Clearing Units Cause Stir
Importers and clearing agents have continued to frown at bottlenecks affecting clearing at the ports,…
Naira Continues To Decline At Black Market Despite Huge Dollar Supply
Forex turnover improved significantly by 536.7% as Nigeria’s exchange rate at the NAFEX window maintained…
China Bans Non-Chinese Arrivals From UK As England Enters Lockdown
China has barred non-Chinese travellers from the UK, Belgium and the Philippines, imposing new border…
Why Oil Prices May Be Set To Fall Further
The main oil benchmarks fell below $40 a barrel again this week as clouds gathered…
Dollar Slumps To Two-Month Low, Investors See More Weakness On U.S. Election
The dollar sank to its lowest level in over two months against against a basket…
Sterling Eyes Weekly Gain Vs Dollar In Choppy Markets
Sterling was on track for a weekly gain versus the dollar on Friday in choppy…
Nigerian Banks To Fail Stress Tests Should Economic Slump Deepen
Nigerian lenders will drop below minimum capital buffers required by regulators should the economy shrink…
Oil Prices Are Set To Go Higher Next Year
As predicted, a second wave of COVID-19 is wreaking havoc on the world economy with…
Four OPEC+ Members Favor Extended Cuts
Three members of OPEC and Russia are in favor of an extension of the current…
Stock Market 0May Be Investor’s Only Viable Option
With Nigeria’s debt market becoming even more unattractive to foreign investors, Nigerian investors’ only viable…
Local Currency Depreciates To N464/$1 At Black Market
The Naira weakened against the US Dollar at the parallel market on Wednesday, November 4…
Forex Scarcity Restricts Access To N100bn Pharmaceutical Fund
Despite availability of the N100 billion Healthcare Intervention Fund, HIF, the scarcity in foreign exchange,…
FG Considers Passport Ban For Passengers Breaching COVID-19 Test
The federal government has threatened to prevent travellers who refuse to make themselves available for…
Dollar Gains As Investors Unwind Bets On Big Fiscal Spending
The U.S. dollar gained against a basket of currencies on Wednesday after Democrats looked unlikely…
Sterling Volatile As Investors Await U.S. Election Outcome
Democrat Joe Biden was back as favourite to win the U.S. presidential election in online…