Nigeria’s Bonny Light Rise Above $25, As Saudi Arabia Further Cuts Supply
Nigeria’s flagship crude, Bonny light, rose by 1.20% to stand at $25.23 per barrel, according to the latest data released by…
Category: Local
U.S. Airlines Tell Crews Not To Force Passengers To Wear Masks
American Airlines Group Inc (AAL.O), Delta Air Lines Inc (DAL.N) and United Airlines Holdings Inc (UAL.O) have told employees that…
U.S. Reports Record $738 Billion Budget Deficit In April
The United States on Tuesday reported a record $738 billion budget deficit in April as an explosion in government spending…
Dollar Sells For N445 As Forex Scarcity Persists
The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex…
Nigeria: Stock Market Loses N49bn On Profit-Taking
Equity transactions on the Nigerian Stock Exchange on Monday closed on the negative route to further extend losses as investors…
Nigeria: Reps Approve Buhari’s N850bn Loan
The House of Representatives has approved the request by the President, Major General Muhammadu Buhari (retd.), to borrow N850bn to…
Nigeria: Buhari Appoints Professor Agboola Ibrahim Gambari As New Chief Of Staff
President Muhammadu Buhari has appointed Professor Agboola Ibrahim Gambari as his new chief of staff following the death of Mallam…
China Announces New Tariff Waivers For Some U.S. imports
China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at the…
Bentley And Toyota Workers Return To Work As Sector Eases Out Of Lockdown
Employees at two UK automotive plants are returning to work this week as the British economy tries to restart under…
Seven Nigerian Banks Post Combined N209.16bn Profits
The banks are Zenith Bank Plc, Guaranty Trust Bank Plc, Access Bank Plc, United Bank for Africa Plc, FBN Holdings Plc, Fidelity Bank Plc and Union Bank of Nigeria Plc.
Dollar Rises And Yen Falls Behind As More Countries Ease Lockdowns
The dollar rose on Monday as investors worried that economic recovery might be slower than hoped and sought the safety…
Coronavirus: What Shape Will The Recession Be?
Even though countries are now moving towards easing lockdown restrictions, the coronavirus pandemic has already hit the global economy hard.…
Travel Changed After 9/11; Here’s How It Will Look After The Covid-19 Pandemic Finally Recedes
The coronavirus has devastated economies around the world and disrupted life in ways that were unimaginable just a few months…
Brazil’s Central Bank To Shower Economy With Money In Case Of Depression: Economy Minister
Brazil’s Economy Minister Paulo Guedes on Saturday said the country’s central bank is likely to shower the economy with money…
TikTok Has Quietly Made London Its Main Hub In Europe
TikTok, the wildly popular social media app that has become a go-to app for young people, has quietly made London its…
Nigeria: Non-Oil Goods Account For Nigeria’s 22% Exports – NPA
Nigerian ports handled 191 million metric tonnes of export cargo in 2019. Out of these, crude oil accounted for 78…
US Slashes Imports Of Nigerian Oil By 60%
The United States cut its imports of Nigerian crude oil by 60.37 per cent to 1.93 million barrels in January…
New Study Claims Vitamin D Deficiency May Impact Coronavirus Mortality Rates
Researchers have discovered a strong correlation between vitamin D deficiency and mortality rates from the novel coronavirus, a new study…
Nigeria: Petrol Price Reduction Won’t Be Immediate, Says Marketers
The latest reduction in the ex-depot price of petrol to N108 per litre will not translate to an immediate drop…
Markets Start Pricing In Negative U.S. Interest Rates For First Time
Financial markets began pricing in a negative U.S. interest rate environment for the first time on Thursday, a place the…
Why Disney+ Is Now A Blessing And A Burden For Disney
The coronavirus pandemic hobbled Disney’s media empire — except for one, major success story: Disney+. The company’s new streaming service,…
Nigeria: Despite Lockdown, Stock Market Investors Gain N897bn
Notwithstanding the lockdown the Nigerian economy witnessed in April over the ravaging CODIV-19 pandemic, the stock market, boosted by the…
Nigeria: NNPC Reduces Ex-Depot Price Of Petrol To N108
The Nigerian National Petroleum Corporation (NNPC) has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS) from…
Coronavirus: EU Facing ‘Deep And Uneven Recession’
The European Union faces a deep and uneven recession, according to a new forecast from the EU’s Commission. The bloc’s…
Germany Says Football Can Resume And Reopen Shops As Lockdown Is Eased
Chancellor Angela Merkel has said Germany’s goal of slowing the spread of coronavirus has been achieved, so all shops can…
Nigeria: FG Extends Flight Ban By Four Weeks
The federal government has extended the ban imposed on local and international flights by four weeks. President Muhammadu Buhari had…
Nigeria’s Oil Revenue Dries Up And May Be So For Next 3 Years
Despite Brent-crude futures rallying in recent weeks, Nigeria, is facing a fast-looming future without reliance on fiscal revenue from its…
IMF Disburses $3.4 Billion Loan To Nigeria
BARELY 24 hours after receiving $311 million Abacha loot from the United States and the Island of Jersey, the Federal…
Nigeria: Budget: FG To Revise Oil Benchmark To $20 Per Barrel
The Federal Government on Tuesday revealed plans to cut the oil price benchmark for the 2020 budget to $20 per…
Nigeria Cocoa Exports Stalled Over Covid-19 Safety Protocols
Health protocols introduced by Nigerian authorities to curb the spread of the Covid-19 disease have delayed cocoa exports, leaving at…