BDC Operators To CBN: Make Us Pay Agents For Diaspora Remittances
The Association of Bureaux de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria…
Canada Eases Immigration Requirements For Foreign Health Workers
Justin Trudeau’s government announced it will start expediting permanent residency next month for foreign workers…
Oil Edges Lower After Jumping On U.S. Crude Stockpiles Draw
Oil edged lower in Asia after jumping almost 5% on Wednesday as U.S. stockpiles data added to signs the demand…
IMF Endorses Digital Money For Cheaper Remittance, Cross-Border Payments
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has called on governments and…
Nigerian Crude Oil Sold At Deeper Discount, Says OPEC
Amid the availability of large volumes of unsold cargoes in the West African market, three of Nigeria’s major crude…
Avoid Reckless Money Printing To Fund Deficits, Experts Warn
Five days after Edo State Governor, Godwin Obaseki, released a bombshell, saying Nigeria was in huge…
AMCON Seeks Accommodation In BOFIA 2020
The Asset Management Corporation of Nigeria (AMCON) has approached the National Assembly to accommodate it in the…
Federal Government Counters Obaseki, Denies Printing N60bn To Augment FAAC
The federal government yesterday faulted a claim by Governor of Edo State, Mr. Godwin Obaseki, that it printed N60…
China’s Central Bank Injects 150 Bln Yuan Through Medium-Term Loans
China’s central bank injected medium-term loans into the banking system on Thursday, while keeping the interest…
Russian Rouble Tumbles As Imminent Threat Of U.S. Sanctions Resurfaces
The Russian rouble was down about 1.3% against the dollar after earlier losing 2% on Thursday, giving up gains made…
Inflation Rises To 18.17%
The Consumer Price Index (CPI) which measures inflation further increased by 18.17 per cent in March compared to…
Forex Crisis Putting Investments, Jobs At Risk, Says LCCI
The difficulties faced by many investors in Nigeria in accessing foreign exchange for importation of raw materials,…
Growing Concerns As Fluctuating Naira, Unstable Power Supply Scare Investors From…
Lagos — More foreign investors may dump Nigeria for neighbouring countries in the next couple of months as the…
CANADA FX DEBT-Canadian Dollar Strengthens As Oil Surges Nearly 5%
The Canadian dollar edged higher against its U.S. counterpart on Wednesday as oil, one of Canada's major exports,…
CBN Calls For Improved Corporate Governance In BDCs
ECONOMY The Central Bank of Nigeria, CBN, has called on bureaux de change (BDCs) directors to improve on their…
Bureau De Change Firms’ Turnover Hit N1trn Annually
Bureau De Change(BDC) operators are already pulling a turnover of N1 trillion annually, hence, demanding…
ABCON Urges CBN To Make BDCs Diaspora Remittances Agents
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to…
Why Wall Street Is So Excited About Bank Stocks
For years, Wall Street turned up its nose at America's bank stocks. Now, the sector is getting tons of love as…
Senate Confirms Shaba As NASRDA DG
The Senate on Wednesday confirmed the appointment of Dr. Halilu Shaba as the Director-General of the National Space…
Ex-Oyo, Ondo Military Administrator, Usman, Dies
A former Military Administrator of Oyo State, Colonel Ahmed Usman, is dead.
He was said to have died around…
JPMorgan Profit Leaps After Reserve Release Boost
-JPMorgan Chase & Co’s earnings jumped almost 400% in the first quarter, blowing past estimates as the largest…
Nikola, Iveco & OGE Sign Preliminary Hydrogen Distribution Agreement
Truckmaker Iveco, electric and hydrogen vehicle maker Nikola and German gas network operator OGE said on Wednesday…
NNPC Partners Kebbi On Renewable Energy Project
The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to the partnership with the…
NAIC Pays N1.7bn Claims To Farmers
The Nigerian Agricultural Insurance Corporation (NAIC) said it paid a total of N1.7 billion claims to over 5,000…
PenCom Attributes N58bn Decline In Pension Assets To Market Volatility
The National Pension Commission (PenCom) has attributed the N58 billion decline in total pension assets from an…
Mastercard, Uber Extend Partnership
Uber and Mastercard have extended their partnership with a new strategic initiative focusing on digital payments…
Ganduje Disburses N148m To 1,400 Public Schools
The Kano State Governor, Mr. Abdullahi Umar Ganduje, has commenced the disbursement of N148 million upkeep grants…
Central Bank Of Nigeria To Expand Borrowers’ Database, Orders Banks To Register On…
The Central Bank of Nigeria (CBN) has asked all development finance institutions (DFIs), microfinance banks (MFBs),…
South Africa Says Down payments To J&J, Pfizer Not Refundable
The South African government’s downpayments to Johnson & Johnson (J&J) and Pfizer for COVID-19 vaccines are…
Costs For Retail Fund Investors In EU Remain High, Says Regulator
Retail investors in mutual funds pay costs that are 40% higher than big institutional investors pay, making it…