Dollar Extends Gains As Markets Focus On U.S. Data
The U.S. dollar extended gains on Tuesday, partially unwinding a month long decline as investors weighed chances that interest rates…
FG Says Lekki Deep Seaport Will Change Maritime Economy
The Federal government says the Lekki Deep Seaport will be a significant game-changer in Nigeria’s Maritime economy with corresponding benefits…
FG Prepares 400 Suspected Boko Haram Sponsors, BDC Operators’ Charges
THE Federal Government is set to arraign about 400 alleged Boko Haram sponsors and financiers arrested in a nationwide operation…
Foreign Investment In Nigerian Stocks Falls To N60.11bn
Foreign portfolio investment in the Nigerian stock market dropped by eight per cent in the first quarter of 2021 to…
External Reserves Lost $350m In Two Weeks, Says CBN
The country’s external reserves lost $350m in two weeks, falling to $34.9bn on April 29 from a high of…
Value Added Tax Considerations For Casino Operations In Nigeria
By product category, the global betting market can be broadly segmented into lottery sports, casinos and games and online betting.…
$8.4b Coming Into Economy, Says NIPC
The Nigerian Investment Promotion Commission (NIPC) has said more jobs may be coming as some investors have committed to investing…
Nigerianization Of NLNG Now 85%, Shipping Arm Hit 84%
The Nigerianization process at the shipping arm of the Nigerian Liquefied Natural Gas, NLNG,has reached 84 percent while the NLNG Ship…
Ether’s 1,500% Jump Is Just The Start For The Crypto Faithful
Cryptocurrency enthusiasts are scaling up price targets for Ether after the second-largest token’s record-breaking run, an echo of the unbridled…
Australia Central Bank Keeps Rates Near Zero As Economy Picks Up Speed
Australia’s central bank left its key rates at near zero for a fifth straight meeting on Tuesday and pledged to…
NEPZA Mulls Export Accelerator Programme For SMEs
The Managing Director/Chief Executive, Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, has said he is prepared to canvass…
Forex Scarcity, Repatriation Uncertainties Depress Investments In Q1 – Analysts
ECONOMY Investment analysts have blamed foreign exchange (forex) scarcity and concerns around the possibility of ease of repatriating funds out of…
Nigerian Govt Extends NIN-SIM Registration Till June 30
Nigerian government has extended the ongoing national identification number (NIN) and subscriber identity module (SIM) integration exercise till June 30.…
AfCFTA: Nigeria Will Emerge Most Resilient Economy In Africa – Experts
Trade facilitation stakeholders in Nigeria are optimistic that the African Continental Free Trade Area (AfCFTA) agreement would provide the opportunity…
Sterling Bulls Squeezed – Bank Of England Pivotal
A 1% slide in sterling led Friday’s month-end shakeout of short dollar positions, turning positive GBP technical signals neutral. If the Bank of England disappoints…
British Parents Cut Pocket Money For Children During Pandemic
British kids are receiving less pocket money this year than last as parents have tightened their belts through the pandemic.…
NNPC Sells N267 Billion Crude Oil, Maintains 1.42 Million BPD Output
The Nigerian National Petroleum Corporation (NNPC) sold crude oil worth N267.59 billion in February, while its total daily production stood…
Banks Are Still Sound But … – CBN
A recent review of the status of Nigeria’s banking industry at the backdrop of the adverse impact of COVID-19 on…
Pandemic Offers Africa A Chance To Boost Sukuk Sales
The financing required to rebuild economies in African nations following the coronavirus pandemic gives the continent an opportunity to boost…
Nigerian Traders In Ghana Seek End To Harrassment
Nigerian traders in Ghana have urged the Federal Government to take urgent steps to stop the harassment Nigerians living in…
Nigeria, Others Free To Take More Loans, Says IMF
Nigeria and other emerging markets whose economies were hit by Coronavirus (COVID-19) should take more loans to pave the way…
PenCom Orders Recap, Raises PFAs Shareholders Fund To N5b
The National Pension Commission (PenCom) has ordered recapitali-sation in the pension industry, The Nation has learnt. The Commission has raised…
Airtel Africa Appoints Olusegun Ogunsanya As CEO
Airtel Africa Plc has announced the appointment of the Managing Director and Chief Executive Officer of Airtel Nigeria, Olusegun Ogunsanya,…
CBN Sacks All First Bank Directors (See Governor Godwin Emefiele’s Statement)
The Central Bank of Nigeria (CBN) has sacked all the board members of First Bank Nigeria Ltd and First Bank…
First Bank: The N75bn Otudeko Loan Crisis
Facts are emerging on the board room crisis that precipitated the sack of Adesola Kazeem Adeduntan as the managing director/…
NNPC Writes Accountant-General Over N111billion Shortfall In Oil Revenue, Says No Contributions To Federal Allocations For April, May
The NNPC would therefore not be contributing to the FAAC for April and May which will in turn affect the…
Nigerians Spending N190bn On American Education In 2020 Is Indicting – ASUU, NUT
The Academic Staff Union of Universities, ASUU, and the Nigeria Union of Teachers, NUT, have said the revelation by the…
BLS International Seals Biometric Services Deal For Nigerians Living In UK
A partnership deal has been struck between outsourcing service provider BLS International and data and digital enrolment services firm Files Solutions Limited to help…
Nigeria Records 1.6m Grams Of Gold Production In 5 Years – Minister
Dr Uchechukwu Ogah, Minister of State, Ministry of Mines and Steel Development (MMSD) says the ministry recorded 1,562,720 grams of…
Nigerian Central Bank Warns Staff Of Increasing Risk Of Kidnap
Nigeria’s central bank warned its employees to take extra precautions against kidnappings because of deteriorating security in the West African…