Nigeria, Third Highest Destination Of Used Cars From U.S.
The unique and rare terracotta head, believed to be from Ile-Ife in Nigeria, was intercepted…
Category: Business
Nigeria’s Debt To Hit N38.6 Trillion By December 2021
Nigeria’s total public debt may hit N38.68 trillion by December 2021, the Minister of Finance,…
Gold Erases Losses As U.S. Vote Count Stretches On; Oil Jumps
Gold erased losses while oil rose as tight races in key battleground states in the…
FG Seeks Fresh $1.2bn Loan From Brazil
The Federal Government is seeking a $1.2bn external borrowing from Brazil to finance agricultural programmes…
Sterling Falls More Than 1% As U.S. Election Results Eyed
The British pound fell more than 1% against the U.S. dollar on Wednesday as investors…
Dollar Trims Gains As U.S. Election Race Enters Home Stretch
The dollar gave up some gains and riskier currencies remained on the backfoot as markets…
South African Rand Inches Higher, Traders Focus On U.S. Election
South Africa’s rand ended mostly flat on Tuesday in turbulent trade as investors awaited the…
Mutual Funds Are Next Big Thing In Nigerian Finance’
Mutual Funds are gaining wide acceptance in Nigeria’s investment climate, with savvy investors choosing the…
Oil Drops After Trump Claims Victory In Tight U.S. Election
Oil turned lower on Wednesday after President Donald Trump claimed victory in a tight U.S.…
Dollar Jumps As U.S. Election Race Tightens; Peso, Yuan Wilt
The U.S. dollar jumped and riskier currencies wilted on Wednesday as early results in the…
OML 40 Explosion Damages Marine Storage Vessel, Stalls 10,000bpd
The Nigerian Petroleum Development Company, a subsidiary of the Nigerian National Petroleum Corporation, has reported…
Nigeria Will Borrow N6tn In 2021 – Finance Minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said Nigeria’s total public…
Naira Stabilizes At Black Market As CBN Continues Its Intervention In Forex Market
Forex turnover rose sharply by 122% as Nigeria’s exchange rate at the NAFEX window depreciated…
US Dollar Eurobond Yields Now Higher Than Naira Yields?
The Naira yields of T-bills and Federal Government of Nigeria (FGN) bond are lower than…
Budget 2021: Nigeria’s Proposed Funding For Oil Palm Research Highest In 10 Years
Nigeria’s oil palm research will receive its biggest funding in 10 years if the 2021…
Canada Dollar Seen Rising; U.S.’Blue Wave’ Would Bolster Prospects: Poll
The Canadian dollar is set to extend its rally over the coming year if the…
Dollar Climbs As Risk Of Long Wait In U.S. Election Outcome Looms
The U.S. dollar jumped and risk-sensitive currencies weakened on Wednesday, as early results in the…
122% Jump In FX Demand Weakens Naira By 0.10% At I&E
The Naira lost 37 kobo or 0.10 per cent at the Investors and Exporters (I&E)…
Oil And Gas Regulations In Nigeria – Oil & Gas Policies
There are various laws regulating oil and gas in Nigeria. The principals among these laws…
Oil Accounted For 88% US Imports From Nigeria In 2019’
The Congressional Research Service (CRS), a non-partisan group which provides legislative research and analysis for…
Nigeria And Digital Banking
I often wonder about the wind of change that is sweeping across the Nigerian banking…
Forex Inflow To Domiciliary Accounts Falls 69% In Q2
Foreign exchange (forex) inflow to domiciliary accounts fell by 69 percent, quarter-on-quarter (q/q) in the…
Local Rice Supply Threatened After Massive Looting Of Warehouses
Following the looting and destruction of warehouses across the country, including rice mills, Rice Millers…
FX Markets To Remain Net Short U.S. Dollar After Election – Reuters Poll
Bets against the U.S. dollar were expected to linger or even increase in the immediate…
The Case For A Nigerian-Born Woman To Lead The World Trade Organization
THE TARIFF WARS OF U.S. President Donald Trump’ administration have garnered enormous press coverage over…
CBN Lists Business Activities Eligible For N75 Billion Youth Investment Fund
The Central Bank of Nigeria (CBN) has revealed main business activities and sectors in the…
Nigeria Mobile Money Revolution Delayed By Scarcity Of Licences
In late 2018, Nigeria stated it could permit non-financial corporations to use for cellular banking…
U.S. Dollar Hovers In Calm Before Election; Aussie Slips On RBA Cut
The U.S. dollar hovered just below a one-month high on Tuesday, as investors opted for…
What CBN Says Concerning The N75bn Youth Investment Fund
The Central Bank of Nigeria (CBN) has released the framework for NIRSAL Microfinance Bank (NMFB)…
Dollar Tilts Towards Biden Win Heading Into U.S. Election
Foreign exchange markets in Europe tilted on Tuesday towards pricing a victory for U.S. Democratic…