Biden’s Win Boosts The Chinese Yuan, But The Trump Effect Will Be More Lasting
The Chinese yuan, which has steadily strengthened this year, spiked even further in the days leading up to and…
Naira Woes Continues, Crashes To N468/$1 At Black Market
Things are beginning to get worse for the Nigerian Naira at the parallel as it further crashed at the segment of…
DoorDash Releases Filing To Go Public, Reports $149 Million In Losses On Revenue…
DoorDash, the leading food delivery app in the U.S., filed its IPO prospectus with the Securities and Exchange…
Nigeria Won’t Relax COVID-19 Rules During Christmas – Official
Mr Aliyu said that Nigeria is currently worried with the rising cases of COVID-19 pandemic across the globe hence…
Why Nigeria’s Economy Slowed Down – VP Osinbajo
Vice President Yemi Osinbajo has said lack of functional infrastructure had slowed down the country's economy over…
Forex Reserves Decline To $35.63bn, Lowest In Two Months
The nation’s foreign exchange reserves have fallen to the lowest level in more than two months, the latest data…
Oil Falls On COVID-19 Surge But On Track For Weekly Gain
Oil prices fell on Friday, pressured by fears about a slow recovery in the global economy and fuel demand due to an…
FG Set To Reopen Kano, Port Harcourt Airports
The Federal Government is set to reopen the Kano and Port Harcourt International Airports three months after it…
NDIC To Insure Non-Bank Deposits Taking Institutions
The Nigeria Deposit Insurance Corporation has said that it is trying to identify and provide insurance cover for…
Australia Scraps Plans To Allow Foreign Students Back
Australia will not allow foreign students to return as Canberra prioritises the return of locals stuck overseas,…
CBN’s FX Intervention Rises By 25% To $1.9bn In One Month
The Central Bank of Nigeria (CBN) intervention across Foreign Exchange (FX) market segments increased in October,…
Stocks Gaining Over N1trn In One Day Triggers NSE Circuit Breaker
Nigerian Stock Exchange (NSE) market-wide circuit breaker kicked on Thursday, November 12, 2020, at 12:55pm, its…
Canadian Dollar Hits 1-Week Low As Equity Markets Slide
The Canadian dollar fell for the third straight day against the greenback on Thursday, as surging COVID-19…
Buhari Urges Investors To Take Advantage Of Nigeria’s Resources For Investment
President Muhammadu Buhari Thursday in Abuja urged international community and investors to take advantage of the…
Nigeria Has Ratified Africa’s Historic Free Trade Agreement—But Its Land Borders…
The largest world’s largest free trade area since the World Trade Organization has taken one step closer to…
Investment Opportunities In Nigeria – How & Where To Invest Money
Most people don’t employ savings & investing principles to their life. One has to save and invest to grow their…
Dollar Flat, Euro Bumps Higher As Sentiment See-Saws
The dollar held steady on Thursday as investors were cautious over expectations about a COVID-19 vaccine that is…
FG Adopts Alternative Dispute Resolution To Attract Investments
The Federal Government is promoting the adoption of Alternative Dispute Resolution (ADR) and creating the necessary…
High Cost Of Logistics, Bane Of Exporters – Awolowo
The Executive Director/Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), Mr Olusegun Awolowo…
Nigeria Probes Protesters Under Terror-Financing Law
Nigeria is investigating prominent participants in recent protests against police brutality for possible violations…
Court Urged To Unfreeze Accounts Of Allege #EndSARS Promoters
A Federal High Court in Abuja has been urged to lift the order it made on November 4 this year freezing the…
Nigerian Stocks Surge Most Since 2015, Trigger Circuit Breaker
Nigerian stocks surged the most in more than five years on Thursday and triggered a market-wide circuit breaker for…
Dollar Dips, Euro Bumps Higher As Sentiment See-Saws
The dollar dipped on Thursday as investors appeared to waver between optimism and caution over expectations about a…
Nigeria’s Double Bind
Chronic instability has been the curse of Nigeria’s economy. Despite its huge oil and gas resources—or perhaps…
FACTBOX-Legal Cases Sparked By Nigerian OPL 245 Oilfield Licence
One of the oil industry's biggest court cases over alleged corruption in Nigeria involves an offshore oilfield…
Nigeria Expects More Benin Bronze Returns As Soon As Next Year
Nigeria expects to get more of its plundered Benin Bronzes back from Western museums and collectors as early as…
Electronic Transaction Volumes Increased 67% During Lockdown — CBN
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has said that electronic transaction volumes increased…
Turkey Eases Currency Trading Limits Again, Boosting Lira
Turkey made it easier for foreign investors to access lira funding, a move that’s aimed at undoing some of the…
Dollar Holds Gains As Investors Temper COVID-19 Vaccine Enthusiasm
The dollar held broad gains on Thursday as investors tempered bullish expectations about a COVID-19 vaccine, while…
Hedge Fund Blocks Nigeria In $10 Billion P&ID Dispute
VR Capital Group Ltd. won a U.S. ruling to block Nigeria from accessing its internal documents as part of the…