Foreign Reserves Remain Pressured
Over the past few months, severe pressure has been mounting on the country's foreign reserves in face of dwindling…
Nigeria’s Forex Inflow Hits $21bn In Q3
The total amount of foreign exchange inflow into the economy in the third quarter of 2020 stood at $21.46 billion,…
Brexit Trade Deal Sealed: EU And UK Clinch Narrow Accord
Britain clinched a narrow Brexit trade deal with the European Union on Thursday, just seven days before it exits…
Another New Coronavirus Variant Found In Nigeria, Says Africa CDC
Another new variant of the novel coronavirus seems to have emerged in Nigeria, the head of Africa’s disease control…
Sterling Gains, Dollar On Back Foot Amid Hopes Brexit Deal Imminent
Sterling extended gains on Thursday amid expectations a long-elusive Brexit deal was imminent, raising hopes the UK…
CBN Directs Banks To Close Naira Remittances Ledgers
THE Central Bank of Nigeria (CBN) has mandated Deposit Money Banks (DMBs) to close all ‘Naira General Ledgers’ used…
Low Production Pushes Up Cement Price By 35%
The inability to meet market demand for cement coupled with low production volume by major cement companies in…
Oil Climbs As U.S. Inventory Draw, Brexit Deal Hopes Boost Risk Appetite
Oil extended gains on Thursday in light holiday trade as a drop in U.S. stockpiles spurred demand hopes, while…
NIN: Telecom Operators Get NIMC Enrolment Licences
Mobile network operators (MNOs) on Wednesday said they have enrollment and verification licences from the Federal…
NSE Market Capitalisation Hits N20 Trillion On Sustained Rally
The market capitalisation of the Nigerian Stock Nigerian (NSE), which is the total value of all listed equities,…
Pound Rally Seen Capped To 2018 Level On A Brexit Trade Deal
Currency strategists are delivering a reality check on how far the pound rally can go if the U.K. and European…
Biggest Nigerian Pension Fund Manager Has Plan To Help The Naira
Faced with bond yields coming off record lows and a hard-to-trade equity market, Nigeria’s biggest pension-fund…
Govt – Border Reopening: Poultry, Rice Importation Remain Banned
Osogbo — The Minister of Interior, Mr. Rauf Aregbesola, has said that despite the reopening of borders, the…
African Free Trade Agreement To Boost Agriculture
The African Continental Free Trade Area (AfCFTA), due to launch in January 2021, is likely to be a watershed for…
Large Crowd Gathers At NIMC Office In Lagos For NIN Registration Amid COVID-19…
The Nigerian government had last week issued an ultimatum to all telecommunications operators in the country to…
Nigeria Is Facing Worst Security Challenge In History – Gombe Gov
Gombe State Governor, Muhammadu Inuwa Yahaya, has declared that Nigeria is facing the worst security challenge in…
Nigeria’s Parliament Passes $35.66 Bln Budget For 2021
Nigeria's parliament approved on Monday the government's 2021 budget of 13.6 trillion naira ($35.66 billion),…
Sterling Slumps On Tighter UK Virus Curbs, Brexit Impasse
Sterling slumped against the dollar and euro on Monday after the British government announced new restrictions…
NDIC Verifies Depositors In 42 Liquidated MFBs For Payment
The Nigeria Deposit Insurance Corporation (NDIC) is in the process of closing 42 Microfinance Banks (MFBs) which…
Foreign Investments In Nigerian Shares Rise By 80.6%
FOREIGN portfolio investments in the Nigerian stock market rose by 80.6 per cent to its highest level in 11 months…
New Coronavirus Strain Hits Pound, Euro As Investors Seek Dollars
The British pound and the euro fell on Monday as investors sought refuge in the dollar, after a fast-spreading new…
FX Market Ends Week With Naira Weakening By 0.42%
The foreign exchange market closed the week with Naira weakening by 0.42 percent after exchanging with the dollar…
Zero Oil Plan Designed To Boost Foreign Exchange Earning
Director General of the Nigeria Export Promotion Council (NEPC), Segun Awolowo has explained that the zero -oil…
Dangote Cement To Commence Tranche 1 Share Buyback Programme By December 30th 2020
Dangote Cement Plc ("Dangote Cement" or "DCP" or the "Company") hereby announces the commencement of its share…
Cameroon Says Boko Haram Infiltrates Top Business And Political Leaders
A Cameroonian official said Friday he had found evidence that, as widely suspected, Boko Haram militants have been…
Oil Prices Skid As New Coronavirus Strain Fuels Demand Worries
Oil prices dropped more than 3% on Monday, as a fast-spreading new coronavirus strain that has shut down much of…
Taming Nigeria’s Rising Inflation
The recent report by the National Bureau of Statistics (NBS) showed that the consumer price index (CPI) which…
No Need To Panic Over New UK Coronavirus Strain, Says India’s Health…
India’s health authorities remain vigilant and prepared to deal with a new more transmissible strain of the…
External Reserves Shed $567m In 2wks
The nation's external reserves fell by $567 million in the first two weeks of this month.
According to the…
COVID-19: Denmark Joins Growing List Of Countries To Ban Travel From UK Over…
Countries around the world have imposed restrictions on travel from the UK due to fears of a new strain of the…