$100m Fund For SMEs In Nigeria, Others
A$100 million small and growing businesses (SGB) to support entrepreneurship is opened for business owners to access. First of its kind, uncapped and unlimited-life fund, SGB Fund was launched by…
Businessman Commends FG on Onitsha Port
The Chairman and Managing Director of DAS Energy Services, Effurun, Delta State, Chief Sunny Onuesoke has commended the federal government for inaugurating the Onitsha seaport, describing the act as inspiring…
Value Of Naira To Dollar At Parallel Market Falls To N461/$1
The value of the Nigerian Naira to the United States Dollar at the parallel market depreciated by N1 on Tuesday to N461/$1, data from AbokiFX, a foremost foreign exchange platform…
Dollar Holds On To Gains; Euro Touches Nine-Day Low
The dollar index held its recent gains on Wednesday and the euro touched a nine-day low, as global equity markets remained cautious in light of diminishing hopes for a COVID-19…
Dollar Holds Gains As Uncertainty Weighs On Market Sentiment
The U.S. dollar held on to gains against most currencies on Wednesday as renewed questions about a coronavirus vaccine and lack of an agreement on additional U.S. fiscal stimulus prompted…
FG Moves To Ease Congestion On Arrival At Airports, Introduces New Online Procedure
The Federal Government says that air passengers wishing to come into Nigeria, will not be allowed to board aircraft without a Quick Response (QR) code certifying that they are COVID-19…
Federal Govt Won’t Seek Relief From N31tr Debt
Nigeria will not apply for debt relief to get out of its crippling N31 trillion debt burden, according to Finance, Budget and Planning minister. Mrs. Zainab Ahmed gave the government’s…
Stockbrokers To Set Blueprint For Economic Revival
Stockbrokers in Nigeria are warming up to prepare a roadmap on how the federal government can leverage the capital market to put Nigeria’s dwindling economy on sound footing. The brokers,…
Digital Thieves Are Hacking Brokerage Accounts: Is Your Money Safe?
Some Robinhood customers say their money was looted, suggesting online stock trading may be less secure than investors hoped. By Charlie Wells, Annie Massa, and Sophie Alexander It feels as…
Brexit Economic Disruption ‘Unavoidable’ With The Worst To Come
UK firms risk collapse on a “significant” scale if Brexit leaves them struggling to raise cash in the sectors most exposed to trade disruption, a think tank has warned. A…
Across Africa, Crude’s Covid Crunch Sends Many Projects Into Turmoil
Many oil and gas projects across the continent have been delayed or cancelled due to the challenges of low prices and restrained demand caused by the global health crisis The…
Here’s Everything Apple Just Announced At Its iPhone 12 Event
Apple just wrapped up its big iPhone 12 event, where it announced four new iPhone 12 models, all of which support new faster 5G networks. It also announced a new…
Fauci: Trump’s Rapid Recovery From Covid-19, While Welcome, ‘Amplifies’ Public Misunderstanding Of Disease
Health officials have struggled to convey the seriousness of Covid-19 to many Americans. President Trump’s rapid recovery from the disease, while welcome by all, makes the challenge even more difficult,…
African Debt: At Some Point, The Hole Becomes Just Too Big To Fill
The rapidly deteriorating financial crisis in Lebanon provides a grim preview to other developing countries of what happens when the bottom falls out of an economy. After the government defaulted…
Dollar Up Despite Lingering Optimism Over U.S. Stimulus Measures
The dollar was up on Tuesday morning in Asia, despite edging closer to three-week lows and some investors stubbornly holding onto hopes of large U.S. stimulus measures to prop up…
Australian Dollar Hit As China Turns Back On Coal Imports
The Australian dollar fell about 0.5% on Tuesday after reports that China has halted coal imports from the country as their relations deteriorate while the U.S. dollar recovered from a…
Customs Generates N13.11 Billion From Onne Port
The Nigeria Customs Service (NCS), Area II Command, Onne Port, Rivers State, said it generated over N13.11 billion for the month of September. Meanwhile, the Seaport Terminal Operators Association of…
Don’t Rely On Oil Revenue In 2021 Budget, OPS Tells Govt
The Organised Private Sector (OPS) of the Nigerian economy has called on the federal government not to rely much on oil revenue for the effective implementation of the proposed 2021…
Oil Be There For You
While COVID-19 has wrought havoc on Nigeria’s oil and gas industry, it may have also brought currents of change paving the way for a brighter, more diversified future Nationwide. COVID-19…
UK’s Boris Johnson Outlines Tiered System Of Local Lockdowns, Dividing The Country With Stricter Measures
LONDON — The British government has outlined further restrictive measures for England, including a three-tier system of local lockdowns, as it attempts to curb a rapid increase in coronavirus infections.…
Goldman Says A Biden Win Could Be A ‘Positive Catalyst’ For Oil Prices
Oil pipelines, pumping rigs, and electrical transmission lines dot the landscape along California’s “Petroleum Highway” (Highway 33) running along the northwestern side of the San Joaquin Valley on April 24,…
China Moves To Curb Yuan Strength, Making It Cheaper To Bet Against The Currency
The weakness was triggered after the central bank changed rules on Saturday that made it cheaper for traders to short the currency. Shorting involves selling a borrowed asset, which can…
Farmers Back CBN’s Policy On Repatriation Of Export Proceeds
The Federation of Agricultural Commodity Associations of Nigeria (FACAN) said it is in total support of the Central Bank of Nigeria’s (CBN) position on repatriation of export proceeds to boost…
A Seamless Experience Across The World During COVID-19 Pandemic
I returned to the country recently amidst publicized frustration with the Nigeria International Travel Portal the Presidential Task Force on COVID-19 and NCDC established as the international travel protocol for…
Dangote Refinery, Others Threaten Existing Plants – OPEC
New refining capacities expected to come on stream in Nigeria and other African countries in the next few years may increase pressure on existing plants on the continent, the Organisation…
Nigeria’s Delayed Oil Bill To Get Lawmakers’ Backing, Kyari Says
The head of Nigeria’s state oil company expressed confidence that the nation’s long-delayed oil and gas industry reforms will be passed by Parliament. The Petroleum Industry Bill, legislation that has…
DPR Upbeat About Oil Reserve, FDI Inflow
The Department of Petroleum Resources (DPR) has restated its belief in a brighter future for Nigeria’s oil and gas industry. The agency also expressed optimism about the realisation of the…
GTBank Increases International Monthly Spending Limit To $200
Guaranty Trust Bank (GTBank) has increased its monthly spending limit on the GTBank Naira Mastercard for international transactions to $200. This is coming months after a foreign exchange (forex) crisis…
Naira Trades Weaker At N460/$1 At Black Market
The Naira finished weaker against the US Dollar at the parallel market on Monday, October 12 by N3 or 0.66 per cent, Business Post reports. During the trading session, the…
CBN Extends AGSMEIS Loans To 14,638 Applicants
The Central Bank of Nigeria has said it is extending its Agri-Business/Small and Medium Enterprise Investment Scheme loans to 14,638 applicants in August. In a communiqué from the last MPC…