Nigeria To Spearhead Africa Refinery Capacity Additions
Nigeria is expected to drive the refinery capacity growth in Africa by 2024, contributing around 71% of the…
‘Polaris Bank Paying Dollars To Money Transfer’s Beneficiaries’
POLARIS Bank has started the payment of dollars to beneficiaries of money transfer across all its branches.
The…
Fed Govt Scores Port Operator Low On Automation
The Nigerian Shippers Council (NSC) on Tuesday scored the Port & Cargo Handling Services (P&CHS) Limited…
New N162 Petrol Pump Price Triggers Confusion, Queries
At a time Nigerians are yet to come to terms with the last increase in pump price of Premium Motor Spirit (PMS),…
Hope Rises For Cocoa Farmers As NEXIM Pledges Support For Value Chain Development
The Nigerian Export-Import Bank (NEXIM) has pledged to assist players in the African cocoa value chain so as to…
China Set To Bail Out Iraq With Multibillion-Dollar Oil Deal
Iraq is poised to sign a multibillion-dollar contract with China ZhenHua Oil Co., a bailout from Beijing for the…
Nigerian Arrested At Jomo Kenyatta Airport Carrying Sh100m In Bag
The Assets Recovery Agency (ARA) is seeking court orders to freeze over Sh100 million seized from a Nigerian at the…
Naira Devaluation Risky For Foreign Currency Loans, Says Report
The devaluation of the naira against global currencies will impact negatively on foreign currency loans and weaken…
Dollar Slips As Vaccine Optimism Saps Haven Demand; Sterling On Edge
nd the risk positivity to continue into next year,” said Craig Chan, head of global FX strategy at Nomura, on an…
Citi Selected As Financial Advisor to Gavi, The Vaccine Alliance’s COVAX Facility
New York – Citi today announced the firm has been selected by Gavi, the Vaccine Alliance, to be the financial…
Ships Risk Detention Over Cybersecurity
Ships that fail to comply with cybersecurity code of the International Maritime Organisation (IMO) may face…
Unemployment In Nigeria – What Can Be Done?
Perhaps the most deep-rooted millennial problem facing Nigeria is the issue of unemployment.
The expectation of…
An MBA In Corruption’: How Top Oil Trader Paid Bribes For Years
For years, the world’s largest oil trading firm has maintained that it has “zero tolerance” for corruption. Now…
Nigerian Crude Oil Export Earnings Rebound By 116% In November – OPEC
OPEC Sec Gen says Nigerian government should be commended for its proactive measures that facilitated the…
Nigeria Plans To Reopen Land Borders As Soon As Possible, Says Buhari
The Nigerian government plans to reopen its land borders, President Muhammadu Buhari has said.
He explained…
Senate Considers Bill To Blacklist Loan Defaulters
The Senate on Tuesday, passed for second reading, a bill to allow banks recover loans from defaulters, place them…
Trade Deficit Expands To A New 4-Year High In Q3 2020
In line with our expectations, trade flows remained downbeat as 9M'20 trade flows plummeted by 10.9% to N23.2…
Oil Contributes 81% To N2.99tn Q3 Exports
Despite efforts made at boosting non-oil earnings, crude contributed N2.42 trillion to the country’s 2.99 trillion…
China Makes Digital Yuan Transfers As Easy As Using A Phone
BEIJING -- China will expand trials of its digital yuan Friday evening with a feature letting individuals send…
Port Congestion Drops By 20% – Shippers Council
Lagos — The congestion at various terminals at the Apapa and Tin-Can Island Ports has dropped to 20 per cent from…
Buhari Threatens To ‘Deal Decisively With Violent Protesters’
He said this as protests resurfaced in Oshogbo, Osun State Monday.
President Muhammadu Buhari Monday in Abuja…
Pound On The Defensive As Brexit Deal Talks Go Down To The Wire
Britain’s pound was the biggest mover in otherwise quiet trade among the G10 group of currencies on Tuesday,…
Dollar Weakens As Market Looks To U.S. Stimulus; Sterling Falls
The dollar slid against most currencies on Monday in choppy trading, as investors looked past the surge in…
Emefiele, Others Support New Payment Settlement Initiative
The interim Governing Council of the Pan-African Payment and Settlement System (PAPSS) held its inaugural meeting…
Three Arrested In Multimillion Invoice-Redirect Fraud Investigation
Gardaí investigating a major crime network based in Ireland, and abroad, that has scammed millions of euro from…
Nigerian Airlines Attribute High Fares To Exchange Rate
Some of the Nigerian airlines say they won't be able to fund their operations if they don't increase the fare.…
Nigeria’s Oil Industry To Get Lift From SHI Offshore Technology Investment
Despite the slump in crude oil prices, which may push the oil majors and minors to defer projects, the global…
Recession – Nigeria In Need Of Expansionary Economic Policy
Recession is a function of a country's Gross Domestic Product (GDP); which is defined as the cumulative value of…
Petrol Price May Hit N180 As Oil Nears $50
The pump price of Premium Motor Spirit, popularly known as petrol, may hit N180 per litre this month, according to…
Nigeria: Non-Performing Loans Have Dropped Due To GSI
The Acting Managing Director of FirstCentral Credit Bureau and Chairman of Credit Bureaus Association of Nigeria,…