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…
Nigeria’s Oil Industry Is Struggling To Win Back Investors
Long overdue government legislation must come into place in Nigeria if the country hopes to reform its oil industry…
Covid-19: Dubai Flight Restrictions Relaxed For Nigerians
Restrictions on direct flights between Nigeria and the United Arab Emirates caused by the use of rapid…
Proposed Introduction Of Digital Currency Excites Nigerians
The undoubted groundswell of support for the introduction of digital currency by the Central Bank of Nigeria (CBN)…
Coinbase-backed Crypto Trading Firm Hits $1 Billion Valuation After Fresh Funding
Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back…
Ex-Facebook VR Exec Says He’ll Turn U.S. Troops Into ‘Invincible Technomancers,’…
Anduril founder Palmer Luckey announced Thursday that his start-up has raised an additional $450 million in…
Govt Removes Evans PLC, 3 Others From Stock Listing
The board of the Nigerian Stock Exchange, NGX, on Monday, announced the removal of Evans Medical Plc,…
Agricultural Imports Hit N3.1trn In 2 Years As Food Prices Surge
The rise in agricultural imports has continued unabated despite hundreds of billions of naira in funding backed by…
FG Seeks Law To Regulate Social, Online Media
The federal government has asked the house of representatives to enact a law to regulate social and online media in…
FG Approves Resumption Of FCT Land Swap Scheme
The Federal Executive Council (FEC) has approved the resumption of the Federal Capital Development Authority (FCDA)…
Cracking Nigeria’s Oil Subsidy Nut
Nigeria's oil subsidy programme has unwittingly become a drag on the economy. When the price of the commodity rises…
UK Inflation Jumps To 2.1% As Petrol And Clothing Prices Rise
UK inflation jumped to 2.1% in May, breaching the Bank of England’s target for the first time in two years and…
Buhari Flags Off NLNG Train 7, Targets $10bn Investments
President Muhammadu Buhari has flagged off the Train 7 project of the Nigerian Liquefied Natural Gas (NLNG) which…
Telcos Kick As Govt Mulls Excise Tax On Airtime
The federal government has unveiled a fresh plan to introduce excise duty on telecoms' airtime charges.…
Nigeria Mobile Money Market Size, Share, Trends, Analysis And Forecast Report…
Nigeria Mobile Money Market Analysis By Top Key Players - Cellulant Nigeria Limited, Ecobank Nigeria Limited…
Don’t Patronise Visa Vendors, U.S. Consulate Charges Nigerian Students
The US Mission Country Consular Coordinator, Ms. Susan Tuller has advised Nigerian students who intend to study in…
Investors Seek Stable Business Environment To Forestall Investment Outflows
Bemoan low patronage as foreigners pull out N100bn from stock market in four months
…Blame insecurity, others…
Shippers Organise To Influence Policies
Amidst growing concerns over arbitrary shipping charges and unfavourable policies, Nigeria’s shippers have set up a…
We Have Recovered $20m Worth Of Cryptocurrency From Internet Fraudsters – EFCC
THE Economic and Financial Crimes Commission (EFCC) said that it had recovered about $20 million worth of…
Migration And Risk Sharing In Currency Unions: The Euro Area Versus The US
Labour mobility is a key criterion for assessing optimum currency areas. To smooth country-specific shocks or…
World’s No. 2 Cocoa Producer Set For Biggest Crop In A Decade
Ghana, the world’s no. 2 cocoa grower, is headed for its biggest harvest in at least a decade after good weather…
UK’s Financial Watchdog Goes Real-Time To Catch Online Criminals
Britain's financial regulator has to make daily sweeps of the internet to warn about online scams in real time and…
Inflation Curbs Nigeria’s Growth, Fuels Crime – World Bank
Surging inflation is undermining the recovery of Africa’s biggest economy, pushing 7 million Nigerians into poverty…