U.K. Economy Grew More Than Estimated Before Pandemic Struck
The U.K. economy grew more strongly than previously thought in the year prior to the coronavirus pandemic, data…
Petrol Landing Cost Hits N232, Subsidy Rises To N5.58bn Daily
The landing cost of Premium Motor Spirit being imported into Nigeria surged by more than 60 per cent…
Banks Must Guarantee Access To Cash For Everyone, Says Age UK
Banks must move swiftly to guarantee access to money for everyone as the cash system in part of the UK veers…
NDIC Begins Payment Of Dividends To Depositors Of Liquidated Banks
The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to commence payment of liquidation dividends…
Nigeria Risks Losing $34bn In Annual Export Earnings – Report
A new study by Standard Chartered has said Nigeria risks losing $34.3bn in annual export earnings if it does…
New £50 Note Enters Circulation: Why Alan Turing Is On It And When Do Old…
The new £50 note featuring mathematician, code-breaker and computer scientist Alan Turing has launched today – the…
Big Oil CEOs Join Traders, Banks In Predicting Higher Oil Prices
The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising…
Nigeria Considers Equity Fund To Boost Growth, Stem Poverty
ABUJA — Nigeria is considering the set up of a private equity fund as part of its effort to fight poverty in…
Nigeria Faces Import Crisis As Reserves Hit 13-Month Low
Nigeria’s economy could be leaning against the wind as the country’s external reserves fell to a 13-month low last…
Apple Warns Of The Perils Of Installing Rogue Apps Ahead Of Antitrust Debate In…
Apple argued Wednesday that allowing iPhone users to install software from outside its App Store — a practice…
Oil Loses Steam With Traders Eyeing OPEC+ Supply Hike
Oil declined as investors assessed reports that Russia and other OPEC+ nations are considering increasing…
Highlights From World Bank’s Development Update On Nigeria
According to the World Bank's recently published development update on Nigeria titled "Resilience through Reforms",…
Nigeria Earned $34 Billion From Gas, Oil In 2019 – NEITI
Nigeria realised $34.22 billion from the oil and gas sector in 2019, the Nigeria Extractive Industries…
Nigerian President Tells MTN To Slash Data Tariffs, Improve Quality Of Service
Ghana’s biggest cocoa harvest in a decade is spurring record domestic borrowing by the industry regulator of the…
U.S. Dollar Faces Volatile Week As Fed Policy Makers Line Up To Speak
The dollar faces a week of volatile trade as a slew of Federal Reserve speakers and U.S. inflation data test…
An Oil Market Guide To What’s Next In Iran’s Nuclear Talks
Iran is set to usher in a new government headed by Ebrahim Raisi, an ultraconservative cleric wary of engaging with…
Emirates Suspends Nigeria Passenger Flights Until Further Notice
Dubai's flagship carrier Emirates has announced a suspension of flights to and from Nigeria from June 21, 2021.…
China’s PBOC Orders Alipay, Banks Not To Assist Crypto Business
China said Monday it had ordered domestic banks and Ant Group Co. payment platform Alipay not to provide services…
Lubricants Import Hits $500m, Hikes Maintenance Cost By 300%
Lack of refining capacity in Nigeria for basic fuels and other petroleum products has left the nation dependent on…
Nigeria Loses $2.2b From Untapped Non-Oil Exports
The total untapped export potential for Nigeria’s non-oil exports stands at $2.2 billion, according to…
Nigeria May Earn N462bn From EMT Levy In 2021 – World Bank
The World Bank has said Nigeria is likely to make N462bn the electronic money transfer levy as a source of stable…
CBN Digital Currency’ll Deepen Financial Inclusion, Says FDC
Analysts at Financial Derivatives Company Limited, led by financial expert Bismarck Rewane, have said the planned…
Average Airfare Increases By 18.90% In May – NBS
The National Bureau of Statistics (NBS) has said the average fare that air passengers paid for specified…
Remittances To The Rescue
A period of crisis like the COVID-19 pandemic is not the best time for countries to expect diaspora remittances.…
Should Rising Oil Prices Be A Problem For Nigeria?
Energy
Recently, the GMD, Nigerian National Petroleum Corporation, Mallam Mele Kyari, asked Nigeria not to…
Bitcoin Tumbles 10% In Wake Of Deepening China Crackdown
Bitcoin tumbled almost 10% on Monday as recent volatility in the cryptocurrency market showed no signs of dampening…
Naira Losing Strength As Ex-CBN Director Faults New FX Measures
The naira is losing its resistance against the dollar a few days after it gained some margin at the parallel…
Emerging-Market Bulls Pin Currency Hopes On Hawks Outpacing Fed
Emerging-market currencies hit by a hawkish Federal Reserve could soon regain their record run against…
West African Regional Bloc Adopts New Plan To Launch Single Currency In 2027
A group of fifteen West African countries have adopted a new road map to launch a single currency in 2027 after its…
Bank Of Canada To Break Sequence Of Lower Terminal Rates As Governments Splurge
With fiscal spending booming and households flush with cash, investors are betting that the Bank of Canada’s next…