Arik Resumes Lean Operations Oct.23
Arik Air says it will resume limited flights to some destinations where there are no…
Category: Business
Dollar Set For Weekly Loss Amid U.S. Stimulus, Election Uncertainty
The dollar lost a little ground against most currencies on Friday after a measured U.S.…
Sterling Slips After UK PMI Slowdown, Still Up On The Week
The pound slipped against the dollar and euro on Friday after the UK Purchasing Managers’…
Pound Slips As Experts Say Accidental No-Deal Brexit Remains High
The pound fell Thursday despite the U.K. and EU resuming talks on a trade deal…
OPEC+ Production Cut Might Be Extended As Nigeria Struggle To Meet Quota
There is every indication that the OPEC+ production cut target might be extended a little…
1,183% Jump In FX Demand Weakens Naira By 0.06% At I&E
The Naira fell by 25 kobo or 0.06 per cent at the Investors and Exporters…
Stakeholders Seek Mechanised Exploration Of Gold
Stakeholders in solid minerals industry are calling for the mechanised exploration of the abundant mineral…
Gold Falls 1% On Resilient U.S. Jobs Data, Dollar Recovery
Gold retreated 1% to near $1,900 an ounce on Thursday on better-than-expected U.S. jobs data,…
Goldman Is Calling A Bull Market For Commodities In 2021 On Dollar Moves And Inflation Risk
Goldman Sachs is forecasting a bull market for commodities in 2021 based on its outlook…
US Green Card Lottery Visa Ban For Nigeria
Actually in this case it is just a coincidence that Nigeria has been omitted from…
FG October Bonds Oversubscribed By N205.87bn
The Federal Government of Nigeria Bonds were oversubscribed by N205.87bn. The Debt Management Office disclosed…
Canadian Dollar Turns Higher, Tracking Uptick In Risk Appetite
The Canadian dollar edged higher against its broadly stronger U.S. counterpart on Thursday as Wall…
Oil Set For Weekly Drop As Virus Flare-Ups Cloud Demand Outlook
Oil held above $40 a barrel on fresh optimism that a U.S. stimulus deal is…
Port To Boost Business Activities In Onitsha – NIWA
The Federal Government has assured the Anambra State business community of robust maritime commercial transactions…
WEEKAHEAD-AFRICA-FX-Most African Currencies Seen Under Pressure
The Zambian, Kenyan and Ugandan currencies are expected to face pressure against the U.S. dollar…
Sterling Slips Back Below $1.31; Steady Versus Euro
The pound fell versus the dollar on Thursday, but was steady against the euro, stabilising…
Oil Holds Near $40 A Barrel After Biggest Decline In Two Weeks
Oil held near $40 a barrel in New York after the biggest drop in two…
Siberian Gold Deposit Has World’s Largest Reserves
Polyus PJSC, Russia’s largest gold producer, said its untapped Sukhoi Log deposit in Siberia holds…
FG Calls For Cooperation In Monitoring Illegal Minerals Trans-Border Trade
The Federal Government has called for collaboration of West African leaders in monitoring and halting…
Sterling Holds Near New Highs As Brexit Talks Restart
The pound slipped slightly on Thursday, but held close to six-week highs it touched on…
World Bank’s Advise On High Dollar Demand
The recent statement by the World Bank to the effect that the Central Bank of…
Winners And Losers In Africa
Which countries will be Africa’s winners and losers at the end of the Covid-19-induced recession?…
12 Million People In Britain Will Struggle To Pay Bills, Watchdog Says
Some 12 million people in Britain are likely to struggle with bills and loan repayments…
Dollar Steadies Above Seven-Week Lows As Markets Await Clarity On U.S. Stimulus
The dollar was steady above seven-week lows on Thursday, gaining some respite as hopes of…
Currency In Circulation Rose To N2.426tn In September – CBN
Currency in circulation rose by N56.44bn in one month from N2.369tn as of the end…
Stakeholders Seek Improvement In Diaspora Remittances
Financial experts have said that Nigeria can attract high inflow and volume of Diaspora remittances…
Stock Market Loses N113bn As Investor Confidence Dampens
The stock market lost N113 billion yesterday as investors’ appetite, which has been high for…
5,000bpd Imo Modular Refinery Ready For Operations – DPR
The 5,000 barrels per day Waltersmith Modular Refinery project in Imo State is ready for…
Race Against Economic Inequality In Emerging Markets
One of the great challenges of the 21st Century is the need to reduce poverty…
Oil Falls After Report Shows Surprise U.S. Crude Stockpile Gain ğ5g
Oil dropped after an industry report pointed to a surprise increase in American crude stockpiles,…