Sterling Gains 1% Vs Euro On Brexit, Vaccine Hopes
Hopes that a coronavirus vaccine would put the British economy back on track pushed the pound 1% higher versus the…
Australian Dollar Dips, Traders Cautiously Welcome Vaccine News
The Australian dollar traded slightly lower against its U.S. counterpart on Tuesday while the New Zealand dollar…
Equities’ Returns Hit 20.1%
Average year-to-date return for Nigerian equities rallied to 20.1 per cent on Monday as increased bargain-hunting…
Dollar Edges Up, Currency Markets Still Upbeat After Vaccine News
The dollar edged up on Tuesday and the yen stayed low, as investors remained optimistic about progress towards a…
Naira May Depreciate To 475 Against Dollar, Says Rewane
The naira will weaken in the parallel market as oil prices stay at $40-$42 per barrel and likely depreciate to…
Nigerian Govt Reacts To Conviction Of 6 In UAE For Wiring $782,000 To Boko Haram
The Chairman, Nigerians in Diaspora Commission, Abike Dabiri-Erewa, on Monday confirmed that six citizens of the…
FG Shouldn’t Open Borders For Only Dangote, Says Peterside
The founder of Stanbic IBTC Bank Plc, Mr Atedo Peterside, has complained that only Dangote Industries Limited is…
Emirates Restores Lagos/Dubai Daily Flight
EMIRATES Airlines said it has increased its flight frequency on the Lagos / Dubai route from four times weekly to…
Yen Claws Back Some Ground Lost On COVID-19 Vaccine News
The yen recouped some losses against the U.S. dollar on Tuesday, after the safe currency took a drubbing on news of…
FG Gives Committee Six Months To Sell Forfeited Assets
The federal government yesterday gave a six-month timeline to the Committee on Disposal of Forfeited Assets to…
Fauci: U.S. Could Begin Distributing COVID Vaccine By End Of Year
Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases, on Monday greeted news…
DJ Switch #EndSARS Heroine Flees Nigeria
DJ Switch: said to be out of Nigeria because of death threats
DJ Switch, the lady who streamed live the shooting…
NSE All-Index Rises 4% As Market Opens On Positive Note
The stock market opened on a highly bullish note as shares surged further lifting the Nigerian Stock Exchange (NSE)…
UAE Reiterates It Currently Doesn’t Plan To Raise VAT
The United Arab Emirates reiterated that it doesn’t have any plans at the moment to raise the value-added tax after…
OPEC: COVID-19 Effects On Oil Market Horrifying
The Organisation of Petroleum Exporting Countries (OPEC) has said the level of decline experienced in energy and…
Nigeria Exempts Dangote Cement From Land Border Closure
The Nigerian government has allowed Dangote Cement to resume exports across its land borders, raising hopes that…
CBN Opposes Bid To Remove Arabic From Naira Note
The Central Bank of Nigeria (CBN) has opposed a suit seeking to remove the Ajami (Arabic) inscriptions on naira…
Why We Are Rebuilding Lekki/Epe Expressway 40 Years After’
The Lekki/Epe expressway has been a death trap and a haven for criminals because of its deplorable condition.…
Wealthy Nigerians Seek To Secure Future With Dominica’s Citizenship By…
LONDON, Nov. 10, 2020 /PRNewswire/ -- With a looming recession, inflation on the rise and a lack of security, high…
Naira Sells N465/$1 At Black Market Monday After N1 Loss
Traders witnessed the weakening of the Naira by N1 against the US Dollar at the parallel market segment of the…
NCDC Links Delta, Enugu ‘Strange Deaths’ To Yellow Fever
The Nigeria Centre for Disease Control (NCDC) has attributed the recent strange deaths in Delta and Enugu states to…
Biden Boosts The Euro, But The Dollar’s Still King
There’s nothing quite like a little bit of dollar weakness to signal traders and investors have a renewed appetite…
Nigerian Oil Workers Set Strike Over IPPIS
With the impact of the recent #EndSARS protests, which virtually grounded the country’s economy for days yet to be…
Pfizer, BioNTech Say Their COVID-19 Vaccine Is More Than 90% Effective
Pfizer Inc PFE.N on Monday said its experimental vaccine was more than 90% effective in preventing COVID-19 based…
Oil Jumps On Vaccine Hopes, OPEC+ Signal To Tweak Deal
Oil jumped on Monday by almost 10%, the highest daily rise in almost 6 month, after Pfizer said its COVID-19…
Sterling Hits Nine-Week High Overnight; Steadies Before Next Brexit Talks
Sterling edged up in early London trading on Monday after reaching a nine-week high versus the dollar overnight, as…
Riskier Currencies Maintain Gains Vs Dollar On Biden Election Win
The dollar stabilised on Monday after tumbling to a 10-week low in the wake of Joe Biden’s election as U.S.…
China’s Yuan Extends Best Week Since 2017 On Biden’s Victory
The yuan extended its recent rally as the dollar weakened following Joe Biden’s presidential victory in the U.S.…
#EndSARS Protest Disruption Costs Economy N1.5tn – FDC
The economic cost of the #EndSARS protest disruption is estimated at N1.5tn, approximately 1.03 per cent of the GDP…
Petrol Scarcity Looms As Oil Workers Down Tools
Nigeria may face the scarcity of Premium Motor Spirit, popularly called petrol, in coming days as oil workers have…