New Export Deal To Boost Non-Oil Earnings
A Nigerian firm, Free on Board (FOB) Global Logistics, has secured a purchase order to…
Category: Business
CBN Reads The Riot Act To Shipping Companies
The Central Bank of Nigeria (CBN), has flayed the non-compliance of shipping lines to the…
The EU Makes Market History With Record Demand For Its ‘Social’ Bonds
LONDON —The European Union has made a historic debut on the bond markets as it…
Dollar Broadly Weaker As Traders Await U.S. Stimulus Breakthrough
The dollar extended its losses against a basket of currencies to hit a seven-week low…
Nigerians Kick As Govt Makes Move To Apply For $11bn Loan To Construct Lagos-Calabar Rail Line
Nigerians have condemned the move as announced by Minister of Transportation, Chibuike Amaechi, Tuesday, that…
Clearing Agents Fret Over Non-Refund Of Rent Waivers
Seven months after the Federal Government directed waivers on rent at the seaports due to…
NDIC: Rising Public Debt, Bad Loans Threat To Financial Stability
The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has said the…
Sterling Jumps 1.7% As Brexit Talks Resume
Sterling soared on Wednesday to a six-week high and 1.7% on the day against the…
Sunak Says Of Soaring Borrowing: Things Could Have Been Far Worse
After statistics showed state borrowing had soared while tax receipts had fallen, British finance minister…
Dollar Down, Trump Willing To Go Bigger On Stimulus Than Democrats
Investing.com – The dollar was down on Wednesday morning in Asia over continued optimism over…
New Terminal To Offload 5,000 Containers From Apapa, Ease Congestion
There appears a sigh of relief for importers from the traffic gridlock experienced on the…
FG Excludes Foreign Firms From Contracts Below N5bn
The Federal Government on Tuesday declared that contracts not above N5bn would no longer be…
House Gives CBN Deadline To Unfreeze Over 5,000 Accounts
The House of Representatives has called on the Central Bank of Nigeria (CBN) to review…
Nigeria Sovereign Eurobonds Fall After Soldiers Fire On Protesters
Nigeria sovereign Eurobonds fell more than 2 cents on the dollar on Wednesday after soldiers…
Oil Price Rises To $43
Oil gained more than one per cent on Tuesday on the prospect the United States…
Nigeria Pays Oil Majors $3 Billion For Past Operational Dues
Nigeria reimbursed oil companies including Exxon Mobil Corp. and Royal Dutch Shell Plc $3 billion,…
Biotech Cowpea May Fetch Nigeria $638m In Six Years
The Open Forum on Agricultural Biotechnology (OFAB), a biotechnology informative platform, says Nigeria could rake…
CBN Orders Banks To Clamp Down On COVID-19 Financial Crimes
The Central Bank of Nigeria has advised all banks to update alert protocols in their…
Nigeria Stock Market Records N4bn Growth
The Nigerian Stock Exchange (NSE) market indices on Tuesday recorded a marginal growth of 0.03…
Pound In Focus As UK Rebuffs EU Offer To Intensify Talks
A UK minister said there was “no point” in intensified Brexit talks without the EU…
Reps Give CBN 48 Hours Ultimatum To Review Frozen Accounts
The House of Representatives has asked the Central Bank of Nigeria (CBN) to within 48…
Naira Slides To N460 As BDCs Receive Over $50m Amid EndSARS Protest
Nigeria’s currency on Tuesday exchanged with the dollar at N460, depreciating by N1.00k from N459…
Nigeria Pays Oil Majors $3 Billion, Moving Closer To Ending Arrears Due
Nigeria reimbursed oil companies including Exxon Mobil Corp. and Royal Dutch Shell Plc $3 billion,…
CBN Raises Red Flag Over COVID-19 Financing
The Central Bank of Nigeria has advised all financial institutions to be abreast with emerging…
How To Attain NNPC’s $10/Barrel Target’
Experts at a Zoom conference last Wednesday have shown the way on how to attain…
Yuan Stands Tall On China Recovery, RBA Weighs On Aussie
The yuan held near a two-year high against the dollar in offshore trade on Tuesday,…
Europe’s Central Banker: Recovery ‘Risks Losing Momentum’
FRANKFURT — The head of the European Central Bank says the economic recovery from the…
Nigeria’s Battered Farmers To Get $20 Million To Aid Crop Output
Mary Daniel, a slight woman in her 40s, weeds by hand a field dotted with…
External Reserves Drop To $35.67bn
Data from the Central Bank of Nigeria (CBN) show that the reserves fell to $$35.672…
Dry Port Operators Charge Customs, Others On Efficiency
Operators have urged the Nigeria Customs Service (NCS) to create a platform for operations of…