Euro Near Three-Month High As Dollar Takes A Hit; Bitcoin At New High
The euro was close to a three-month high on Tuesday as the U.S. dollar fell on expectations of more monetary…
Crash In Money Market Instruments Triggers N2.3tr Gain
Investors on the Nigerian Stock Exchange (NSE) gained N2.3 trillion in November, as the market recorded its best…
Buhari Asks Nigerians To ‘Embrace Gas As Alternative To Fuel’
The President made this call on Tuesday during the unveiling of the National Gas Expansion Programme and National…
First Virtual Trade Mission For UK-Africa Legal Services
stry of Justice’s Legal Services are GREAT (LSAG) campaign, it will promote the UK’s prestigious legal sector to…
Nigeria To Push CNG As Alternative Transport Fuel, Reduce Reliance On Gasoline
London — Nigeria has started the roll out of compressed natural gas (CNG) as a key transport fuel as part of the…
FG, Egyptian Firm Sign Pact To Invest In Gold Mining
The Federal Government and Messrs La Mancha Incorporated, a leading Luxembourg Incorporated Private Gold…
Federal Reserve Says Key Bank Lending Rate Will Be Phased Out By June 2023
An interest rate that banks around the world use as a benchmark for short-term borrowing will be phased out and…
2016 REPOST: Nigeria’s Case Study On How Not To Float Your Currency
Rumors of rate fixing. Scarcity of foreign exchange. A widening gap between the official rate and the runaway…
FG Lost N1.3trn To Import Duty, VAT Waivers –Minister
The minister of finance, budget and national planning Hajiya Zainab Ahamed Shamsuna has said that the federal…
Dollar Loses Some Bounce As Focus Shifts To Fed
An under pressure U.S. dollar handed back part of its month-end bounce on Tuesday, as investors reckoned on more…
Nigeria Eases Rules On Diaspora Remittances To Boost FX Liquidity
Nigeria hopes to attract more remittances from its diaspora to boost foreign currency liquidity after the central…
CBN Issues New Guidelines On Foreign Remittances
The Central Bank of Nigeria has said beneficiaries of diaspora remittances can now receive monies sent from abroad…
CBN Okays Dollar Collection For Diaspora Remittances
The Central Bank of Nigeria (CBN) has stopped naira payment to recipients of diaspora remittances (dollar inflows)…
CBN Issues Subtle Warning Explaining How Domiciliary Accounts Should Be Used
The Central Bank of Nigeria (CBN) issued a circular on Monday clarifying how domiciliary accounts will be operated…
Forex Scarcity Bites Harder, CBN Amends Diasporan Remittance Law
The Central Bank of Nigeria said on Monday that it had amended the procedures for receipt of diaspora remittances…
Oil Falls After OPEC+ Talks Delay Sets Off Supply Alarm
Oil prices fell on Tuesday as concerns over mounting supply returned to the fore after leading producers delayed…
Pfizer, BioNTech Apply For Coronavirus Vaccine Approval In Europe
U.S. pharmaceutical giant Pfizer and its German partner BioNTech said they have applied to the European Medicines…
Don’t Reverse Ban On Rice Importation, Ortom Begs Buhari
Governor Samuel Ortom of Benue State, on Monday, appealed to the President, Major General Muhammadu Buhari (retd.),…
FG Warns Against Christmas Carol, Tells Nigerians Abroad To Stay Away
The Presidential Task Force on COVID-19 has urged Nigerians to be weary of festivities such as Christmas carols as…
Frantic CBN Allows Diaspora Remittances To Be Withdrawn In Dollars And Sold…
To save the naira, CBN now allows diaspora remittances to be withdrawn dollar cash.
The Central Bank of Nigeria…
CBN Removes Restriction On FX Receipt Through Domiciliary Accounts
Beneficiaries of Diaspora remittances through International Money Transfer Operators (IMTOs) shall henceforth…
U.S. Dollar Drops To Lowest In More Than Two Years
The dollar hit its lowest in two and a half years on Monday as broad risk sentiment improved overall, with…
Sterling Heads Higher On Hopes Of A Brexit Trade Deal
secure a deal to govern nearly $1 trillion in annual trade from Jan. 1 but are yet to bridge differences on…
Govt, CBN Point To Results In Economy Recovery Plan
At the backdrop of the slide into the second recession in five years, fiscal and monetary authorities are…
Interventions Drive Daily I&E Window Sales To $150m
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said interventions introduced by the CBN have…
Dollar Plumbs Two-Year Low As Fed Comes In To Focus
The dollar touched a more than two-year low on Monday and is set to log its largest monthly fall since July as a…
Electricity Grid Collapses In Nigeria, Africa’s Largest Economy
Nigeria’s national electricity grid collapsed on Sunday, the Transmission Company of Nigeria (TCN) said in a…
Nigeria’s Defense Of A Spiraling Naira And Its Multiple Exchange Rates Isn’t…
At any point in the last few years, Nigeria’s naira has always had multiple exchange rates.
As of Friday (Nov.…
Naira Hits Four-Year Low As Nigeria Central Bank Adjusts Rate
Nigeria’s central bank weakened the naira for the third time this year as the regulator struggles to stem demand…
Expanding Financial Services Access With Cryptocurrencies
The Cryptocurrency space is fast expanding, with more people, including those at the grassroots embracing the…