Libor’s End Is A Game Changer For Global Finance
For about 50 years, the London interbank offered rate has helped determine the cost of…
Category: Business
Fresh Concerns Over $17 Billion Yearly Freight Loss To Foreign Shipping Lines
Stakeholders in the maritime industry have expressed displeasure over the yearly $17 billion revenue loss…
Euro Wilts As Coronavirus Lockdown Worries Hurt Sentiment
The euro fell against the dollar on Wednesday following a media report that France’s government…
Manufacturing Sector Hits Sixth-Month Slow Growth
The Purchasing Managers Index for the manufacturing sector which started contracting in May recorded another…
Bank Closure Leaves Customers Stranded In Abakaliki
The continued closure of commercial banks in Abakaliki, the Ebonyi State capital, in the wake…
Nigeria’s Manufacturing Sector Contracts For Sixth Consecutive Month
The manufacturing Purchasing Managers’ Index (PMI) in October stood at 49.4 index points, indicating a…
UK Reopens Visa Application Centre’s In Nigeria
The United Kingdom High Commission has announced the reopening of its visa application centres in…
CEOs Of World Exchanges To Review Nigeria’s Economy
The Chief Executive Officer of World Federation of Exchanges, Nandini Sukumar and his NASDAQ Exchange’s…
Bitcoin Further Gains 5.4% As Naira Trades Flat At FX Market
Business Post gathered from data sourced from Quidax, a platform used for trading cryptocurrencies in…
Analysis: Will Nigeria Yield In Oil Deal Wrestling Bout With Shell And Eni?
High profile courtroom dramas involving multiple sides often have the feel of a WWE Smackdown…
ECB Stimulus Signal Sought As Euro Economy Sinks Into Gloom
The European Central Bank will get much of the evidence it needs this week to…
Yuan’s Rally Under Test After Banks Tweak Daily Reference Rate
The recent strength in China’s currency faces a new hurdle after the nation’s banks abandoned…
Nigeria Receives $26.9bn Foreign Support In Six Years — Minister
The funds came from the UN, EU, USA, China, Japan and others. Clement Agba, the…
Sterling Rises As Dollar Weakens; Brexit Talks In Focus
Sterling rose 0.4% on Tuesday afternoon on a weak U.S. dollar, while rising hopes of…
Dollar Dips After Previous Gains Amid COVID-19, Election Uncertainty
The U.S. dollar slipped on Tuesday as investors took some profits after the previous session’s…
Morgan Stanley Says It’s Time To Go ‘All-In’ On Emerging Market Currencies
LONDON — It is time for investors to position for a year-end rally in emerging…
Canadian Dollar Strengthens As Global Risk Aversion Subsides
The Canadian dollar strengthened against its U.S. counterpart on Tuesday as stocks and oil prices…
Investors Blame Government For Slow Capital Market Development
Capital market investors have blamed the government for the slow pace of the development of…
Pound Traders See Gains Before U.S. Vote As Brexit Still Elusive
The pound looks poised for gains ahead of U.S elections, yet whether it can maintain…
Shippers’ Council Seeks Waiver Of Demurrage For Importers
Following clearing agents outcry against the imposition of demurrage on cargoes that were trapped at…
Looks Like A ‘Double Top’ In The S&P 500, Investor Mark Mobius Warns
The S&P 500 is forming a “double top” going into the U.S. election, which is…
Merck Raises Annual Profit Outlook As Keytruda Drives Profit Beat
Merck posted a quarterly profit that beat estimates on Tuesday and raised its adjusted earnings…
Here Are The New Income Tax Brackets For 2021
We still have two months left in 2020, but the IRS has already released a…
Home Prices In August See Biggest Gains In More Than Two Years, S&P Case Shiller Says
Strong demand and very limited supply of homes have caused home price gains to accelerate…
Stocks Making The Biggest Moves In The Premarket: Xilinx, Merck, Caterpillar, 3M & More
Xilinx (XLNX) – The chipmaker agreed to be bought by Advanced Micro Devices (AMD) for…
A Lack Of Common Travel Protocols Could Cost The World Trillions Of Dollars, Dubai Airports CEO Says
Countries have not yet come to a consensus on how to safely restart travel amid…
PMI’s, Oil & Naira In Focus
The outlook for Nigeria’s economy has been clouded by uncertainty following weeks of youth protests…
‘Oil Industry Still Suffering Significant Damage from Covid-19’
Nigeria’s wholly indigenous oil company, Oando Energy Resources, has said the oil industry will continue…
‘Petrol Subsidy Removal Can Save Nigeria $1bn Yearly’
The United Kingdom (UK)-backed Facility for Oil Sector Transformation (FOSTER) has estimated that Nigeria could…
Remittances To Sub-Saharan Africa Totaled $48 Billion In 2019
The New Normal – Digital Transfers and Remittance in Nigeria There is a boom for…