Nigeria’s Bitumen Reserves Hit 42 Billion Barrels
Bitumen reserves in the country have grown to about 42 billion barrels out of which 43 industrial…
Biden To Unveil $1.8 Trillion Plan For Children And Families – Here’s What’s…
President Joe Biden on Wednesday will pitch Congress on $1.8 trillion in new spending and tax credits aimed toward…
Dollar Pins Hopes On Fed, Biden For Ending Month-Long Decline
The dollar is set to take its cues from the U.S. Federal Reserve's policy statement and a speech by President Joe…
Reps Ask CBN To Suspend Deadline For MFBs Recapitalisation
A day to the expiration of the deadline given by the Central Bank of Nigeria (CBN) to microfinance banks (MFBs) to…
Uncertainty Envelops States As Revenue Tumbles
Nigeria's over-reliance on oil as its major source of revenue and failure of successive administrations to build…
Nigeria, Six Others Account For 65% Global Gas Flaring – World Bank
The World Bank on Wednesday said Nigeria and six other countries were responsible for two-thirds of…
Decline In FX Demand Fortifies Naira By 0.10% At I&E
The Naira closed stronger against the United States Dollar at the Investors and Exporters (I&E)…
FG Grants Approval For $2.9bn Escravos Seaport
The Federal Government has granted approval for the establishment of the Escravos Seaport Industrial Complex, ESIC,…
The Great Exit: Central Banks Line Up To Taper Emergency Stimulus
The Bank of Canada set the taper ball rolling last week, becoming the first major central bank to cut…
Senate Passes Amended AMCON Bill, Okays Seizure Of Debtors’ Assets
The Senate, on Wednesday, passed the Asset Management Corporation of Nigeria Amendment bill.
The passage of the…
Alternative Seaports, Solution To Gridlock – Lagos Govt
Lagos State Government, yesterday, expressed dissatisfaction over the current traffic congestion in Apapa and its…
‘Banks Pumped N4.56tr Into Economy In One Year’
Banks have injected N4.56 trillion into the economy as loans through private sector operators in the last 12…
Nigeria Can`T Afford Another Civil War – Osinbajo
Vice President Yemi Osinbajo, says Nigeria cannot afford another civil war because it will not augur well for the…
UPDATE 1-Bank Of Canada Says It Is Expecting Strong Growth In Second Half Of 2021
The Bank of Canada is expecting strong consumption-led growth in the second half of the year as vaccinations…
Oil Prices Steady As Rising Demand Outlook Tempered By COVID Worries
Oil prices were steady on Wednesday as support coming from forecasts of a recovery in global fuel demand was…
How Palladium Became A Really, Really Precious Metal
Palladium is the most valuable of the four major precious metals, with an acute shortage driving prices to records…
Rising Inflation In India Risks Central Bank’s Monetary Easing
The world’s worst Covid-19 outbreak in India risks fanning price pressures, threatening to limit options for the…
Will The Fed Snap The Dollar’s Recovery?
After selling off throughout the month of April, the greenback finally rebounded on the eve of the Federal…
Nigeria, ICC Younde Forge Alliance To Tackle Piracy In Gulf Of Guinea
The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Interregional Coordination Centre (ICC),…
Pricey Corn Has Farmers Feeding Wheat For Humans To Livestock
China’s expanding hog herd is vacuuming up the world’s feed grains and forcing traders to dip into wheat reserves,…
Dogecoin Price Sky Rockets After Elon Musk Calls Himself ‘The Dogefather’
The price of dogecoin has shot up after technology billionaire Elon Musk referred to himself as “The Dogefather”.…
CBN Injects $1.47bn Into Forex Market In One Month
The Central Bank of Nigeria injected $1.47bn into the foreign exchange segment of the market as part of its efforts…
African Trade Finance Outflows To Hit $5b
Constrained global financial conditions caused by COVID-19 have led to massive portfolio outflows from Africa,…
Weak Fiscal Space Putting Pressure On Monetary Policy
A member of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), Prof. Mike Obadan, has said the…
ECO: Strengthening Naira More Beneficial Than West African Regional Currency…
As West African countries continue to dilly-dally on the adoption of a common currency, a former diplomat has…
Banks Electronic Transfers Hit N356.47tr
The National Bureau of Statistics (NBS) yesterday said in the Fourth Quarter (Q4) 2020, total transactions recorded…
Dollar Near Multi-Week Lows Before Fed, Yen Unmoved After BOJ
The dollar hovered near multi-week lows versus major peers on Tuesday, weighed by subdued Treasury yields ahead of…
Perspectives On Diaspora Remittances
As the largest recipient of remittances in sub- Saharan Africa and indeed the seventh largest among low and…
Commercial Banks’ Loan Exposure To Government Hits N1.8 Trillion
The total commercial loans to the government, at all levels, rose to N1.77 trillion at the close of last year,…
Top Global Central Banks Close Three-Month Dollar Cash Tap
The central banks of the the euro zone, Britain, Japan and Switzerland said on Friday they would discountinue a…