Nigerians Will Witness More Breakthroughs In Oil, Gas Sector In 2021 – Sylva
The Minister of State for Petroleum Resources, Timipre Sylva, on Thursday, assured that the country will record…
CBN Targeting $2bn Diaspora Remittances Monthly, Says Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Thursday said the target of the CBN was for the…
OPEC And Allies Agree To Gradually Increase Production After Days Of Discussions
LONDON — OPEC and non-OPEC allies, after days of tense discussions, agreed on Thursday to increase production by…
Nigeria Rakes In N7.8tr From Company Income Tax In 6yr
Nigeria has generated a total of N7.8 trillion from company income tax (CIT) from January 2015 till end of last…
Nigeria’s Central Bank Launches Special Bills To Manage Liquidity
Nigeria's central bank has introduced special bills to manage excess liquidity on the money market awash with naira…
AFRICA-FX-Kenyan, Ugandan Currencies Seen Stable, Zambian Weaker
Kenya's and Uganda's currencies are expected to remain stable in the coming week. Zambia's is expected to be under…
Court Orders Final Forfeiture Of N235.4m Traced To Invictus Group CEO, Obiwanne…
The Federal High Court Sitting in Lagos has ordered the final forfeiture to the Federal Government, the sum of…
CBN Eyes $2bn Monthly Diaspora Remittance To Boost Economy
Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Thursday said that the apex bank was eyeing close to…
NNPC: $21bn NLNG Funds Legally Withdrawn
The Nigeria National Petroleum Corporation (NNPC) has said that the withdrawal of over $21 billion from the Nigeria…
$24bn Remittances: How Money Transfer Operators Sabotage Naira – Emefiele
DESPITE an estimated annual diaspora remittance of $24 billion, international money transfer operators (IMTO) have…
We Are Working On Diezani’s Extradition, EFCC Tells Court
The Economic and Financial Crimes Commission (EFCC) told a Federal High Court in Abuja on Thursday that it has…
Stable Oil Prices Won’t Resolve Nigeria’s Economic Challenges’
An investment expert and Chief Executive of EFG Hermes Nigeria Limited, Lilian Olubi, has said that rising oil…
UN Removes Marijuana From List Of World’s Most Dangerous Drugs
A United Nations commission voted to remove marijuana for medicinal purposes from a category of the world’s most…
$53m Foreign Airlines’ Funds Trapped In Nigeria
Foreign airlines trapped funds in Nigeria currently stand at $53 million, according to the International Air…
A New Visa Credit Card Offers Bitcoin Rewards Instead Of Miles Or Cash
a Inc. is partnering with cryptocurrency startup BlockFi to offer a credit card that rewards purchases with Bitcoin…
Dollar Is Dropping To Multi-Year Lows Against Peers, One By One
The dollar is steadily moving down the pack of the world’s currencies in December.
The euro, the Australian and…
US Soybean Export Council To Establish Excellence Centres In Nigeria
The United States Soybean Export Council (USSEC), the American Soybean Association’s World Initiative for Soy in…
OPEC+ Working On Compromise For 2021 Oil Policy, Sources Say
OPEC and Russia have moved closer to a compromise over oil supply policy for 2021 after talks earlier this week…
Dollar Plumbs Two-Year Lows As Stimulus, Vaccine Hopes Boost Risk Appetite
The dollar index hit its lowest in more than two years on Thursday, while the euro rose above $1.21 as signs of…
Sterling Holds Above $1.34 But Derivatives Signal Brexit Unease
Sterling clung on to $1.34 on Thursday thanks to broad dollar weakness, but derivative markets were flashing red on…
Nigerian Manufacturers Call For Review Of Border Closure
The Manufacturers Association of Nigeria (MAN) has urged the federal government to review its border closure policy…
Canadian Dollar Notches A Two-Year High On Higher Oil Prices
The Canadian dollar edged higher against its U.S. counterpart on Wednesday, as hopes rose that major oil producers…
Nigeria Resumes Petrol Importation From China
According to S&P Global Platts, data from the general administration of customs (GAC) of China showed that the…
UK Opens New Visa Routes For Skilled Workers
Applications for the new skilled worker visa by the UK opened on December 1
The United Kingdom (UK) has launched…
CBN Directs Banks To Close Naira Accounts For IMTO Proceeds
Following its new policy that grants unfettered access to forex from Diaspora and other money transfer remittances,…
Naira Trades N485/$1 At Parallel Market As CBN Interventions Lessens Pressure…
At the same segment, the domestic currency also appreciated by N5 against the Pound to wrap the day at N635/£1 as…
CBN Introduces New Bills To Control Liquidity
The Central Bank of Nigeria has said it has introduced special bills as part of efforts to deepen the financial…
Naira Gains, Exchanges For 490/$
Naira exchanged to the dollar at 490/$ in the parallel market on Wednesday, after it had sold for N500 on Monday.…
Exporters, Agents Lament Difficulties In Getting CBN Proceeds Number
Nigerian exporters have lamented the difficulties and undue stress in obtaining the Nigerian Export Proceeds…
OPEC+ Resumes Talks On 2021 Oil Policy Amid Disagreements
OPEC and Russia resume talks on Thursday in a bid to define policies for 2021 after an initial round of discussions…