Value Of Naira Sinks To N480/$1 At Black Market
According to data obtained by Business Post from AbokiFX, a platform that tracks the Naira exchange rate at the…
Nigeria: Terminal Operators Assure NPA Of Support
The Seaport Terminal Operators Association of Nigeria (STOAN) has promised to support the Nigerian Ports Authority…
Dollar Halts Slide As Mnuchin Calls Time On Emergency Funds
The dollar halted its slide on Friday after U.S. Treasury Secretary Steven Mnuchin called an end to some of the…
UK May Ease Christmas Rules As COVID Cases Start To Flatten, Minister Says
There are signs that coronavirus cases in Britain are starting to flatten as a result of current lockdowns, health…
Naira Sinks To 620 Against Pound, Euro Rises
The naira tumbled to 620 against the British pound sterling at the parallel market on Thursday, even as the euro…
Nigeria Police Launch Cybercrime Reporting Portal, Nab 3, Uncovers 50,000…
The Nigeria Police Force (NPF) has unveiled a cybercrime reporting web portal: https://incb.police.gov.ng/ as part…
CBN List Requirements For Third Party Participation In Buying Forex Routed Through…
The Central Bank of Nigeria (CBN), in a new circular, has clarified its position on the removal of third parties…
Nigeria Spends $500m Annually Importing Palm Oil, Says FG
Officials from the Federal Ministry of Agriculture and Rural Development, states, agencies and non-governmental…
Nigeria: Slashing Import Duty On Vehicles Will Increase Unemployment
Government’s plan to slash import duties and taxes on tractors, buses and passenger vehicles will increase…
Nigeria Sliding Into Bankruptcy, Says Secondus
National chairman of the Peoples Democratic Party, PDP, Prince Uche Secondus has said Nigeria under the watch of…
Nigeria Denies CNN Report Saying Army Killed Protesters
Nigeria dismissed an investigative report by CNN alleging that its security forces killed unarmed protesters last…
Dollar Batters Naira Further
The Nigerian Naira was battered further today by the US dollar and other currencies as it crashed to N478 in the…
Nigeria Threatens To Sanction CNN Over Investigation And Denies Security Forces…
Protesters Victor Sunday Ibanga, left, and Wisdom Okon. Their families say they haven't seen them since the protest…
‘Nigeria’s Unemployment Deadlier Than Covid-19, Boko Haram’
The 1993 Presidential Aspirant under the defunct National Republic Convention (NRC), Alhaji Lema Jibril, has said…
Jeff Bezos Just Became The Latest Big Tech Name To Invest In An African Fintech…
Over the past five years, high-profile visits to African tech ecosystems by Facebook CEO Mark Zuckerberg, Twitter…
Weekahead-Africa FX – Nigeria’s Naira And Kenya’s Shilling To…
Nigeria's naira and the Kenyan shilling are expected to lose value against the dollar in the week ahead as demand…
Oil Prices Slip As New Wave Of COVID-19 Cases Weigh On Outlook
Oil prices dipped on Thursday as a surge in coronavirus cases and tighter pandemic restrictions around the world…
Nigeria, Niger Sign Agreement On Petroleum Products
The MoU was reached following bilateral agreements between President Muhammadu Buhari and President Mahamadou…
Qatar Airways To Launch Three Weekly Flights To Abuja, Nigeria From 27 November
Launch of Abuja flights will increase Qatar Airways’ network in Africa to over 65 weekly flights across 20…
Anger As FG Eyes N200b ‘Idle’ Funds
Shareholders, economists and securities expert have reacted angrily to Federal Government’s plan to plough N200…
Money Market Crash Triggers Largest Daily Gain In Five Years
Declining interest rates in the fixed income market triggered massive rally on the equities sector of the Nigerian…
UK Petrol Car Ban Threatens Nigeria’s Oil Sales
Except the country finds new buyers, the plan to ban petrol and diesel vehicle sales by the United Kingdom…
Diversification, Infrastructure Remain Key To Nigerian Economic Outlook’
The extent of diversification of Nigeria’s economy and revenue sources and the development of infrastructure would…
Nigeria Should Sanction CNN For Report On Shooting Of Protesters – Minister
Nigeria should sanction CNN for a report that the country’s military shot and killed protesters demonstrating…
Absence May Make Eurobond Investors Fonder Of Africa Issuers
Africa’s notable absence from the rush to the sell Eurobonds this month is set to change as the largest economies…
All The Bitcoin Lingo You Need To Know As Crypto Heats Up
Bitcoin’s back, baby. The best-known and largest cryptocurrency has gained more than 130% in pandemic-ravaged 2020…
Attack Of The Debt Tsunami’: Coronavirus Pushes Global Debt To Record High
The coronavirus crisis pushed global debt levels to a new high of over $272 trillion in the third quarter, the…
FEC Approves Finance Bill, Says No Tax Increase
The Federal Executive Council on Wednesday approved the 2020 Finance Bill for subsequent transmission to the…
ECB Can’t Go Bankrupt Even It Suffers Losses
The European Central Bank could “neither go bankrupt nor run out of money” even if it were to suffer losses on the…
Manufacturing Sector Recovers After Six-Month Contraction
The nation’s manufacturing sector has snapped out of the doldrums after contracting for six straight months, a new…