Dollar Gains As Investors Unwind Bets On Big Fiscal Spending
The U.S. dollar gained against a basket of currencies on Wednesday after Democrats looked unlikely to take control…
Sterling Volatile As Investors Await U.S. Election Outcome
Democrat Joe Biden was back as favourite to win the U.S. presidential election in online betting markets, according…
U.S. Senate Gets First Nigerian-American Congressman
Mr. Oye Owolewa cruised into victory on Tuesday night to become the first Nigerian-American to be elected to the…
Nigeria, Third Highest Destination Of Used Cars From U.S.
The unique and rare terracotta head, believed to be from Ile-Ife in Nigeria, was intercepted by Dutch Customs at…
Nigeria Not Military State, Release Moe’s Passport – Ezekwesili
A Former Minister of Education, Oby Ezekwesili, has called out the President Muhammadu Buhari government and…
FG Clamps Down On #EndSARS Promoters, Freezes Accounts
There were strong indications on Tuesday that the Federal Government had begun a clampdown on promoters of #EndSARS…
Nigeria’s Debt To Hit N38.6 Trillion By December 2021
Nigeria’s total public debt may hit N38.68 trillion by December 2021, the Minister of Finance, Budget and National…
Gold Erases Losses As U.S. Vote Count Stretches On; Oil Jumps
Gold erased losses while oil rose as tight races in key battleground states in the U.S. election left investors…
FG Seeks Fresh $1.2bn Loan From Brazil
The Federal Government is seeking a $1.2bn external borrowing from Brazil to finance agricultural programmes in the…
Sterling Falls More Than 1% As U.S. Election Results Eyed
The British pound fell more than 1% against the U.S. dollar on Wednesday as investors sold riskier currencies,…
Dollar Trims Gains As U.S. Election Race Enters Home Stretch
The dollar gave up some gains and riskier currencies remained on the backfoot as markets waited for the U.S.…
South African Rand Inches Higher, Traders Focus On U.S. Election
South Africa's rand ended mostly flat on Tuesday in turbulent trade as investors awaited the results from the…
Mutual Funds Are Next Big Thing In Nigerian Finance’
Mutual Funds are gaining wide acceptance in Nigeria’s investment climate, with savvy investors choosing the…
Oil Drops After Trump Claims Victory In Tight U.S. Election
Oil turned lower on Wednesday after President Donald Trump claimed victory in a tight U.S. election, despite…
Police Brutality Activist Says She Was Barred From Leaving Nigeria
Nigerian immigration officials blocked a prominent anti-police brutality activist from leaving the country and…
6,800 Nigerian Students In China – Envoy
The Charge d’Affaires of the Embassy of China in Nigeria, Mr Zhao Yong, has said people-to-people exchange between…
Dollar Jumps As U.S. Election Race Tightens; Peso, Yuan Wilt
The U.S. dollar jumped and riskier currencies wilted on Wednesday as early results in the presidential election…
Top Nigerian Bank Sued For Blocking Account Linked To Protesters
Access Bank Plc, Nigeria’s biggest bank, is accused of illegally blocking an account used to promote media coverage…
OML 40 Explosion Damages Marine Storage Vessel, Stalls 10,000bpd
The Nigerian Petroleum Development Company, a subsidiary of the Nigerian National Petroleum Corporation, has…
Nigeria Will Borrow N6tn In 2021 – Finance Minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said Nigeria’s total public debt will hit…
Survey Anticipates Further Rise In Unemployment Rate
Respondents to the Central Bank of Nigeria’s (CBN), ‘Consumer Expectations Survey Report,’ have estimated further…
Nigeria Government To Ban Passports For Travelers Refusing For Compulsory PCR Test
The Government of Nigeria has decided to ban passports for travelers who refuse to make themselves available for a…
Naira Stabilizes At Black Market As CBN Continues Its Intervention In Forex Market
Forex turnover rose sharply by 122% as Nigeria’s exchange rate at the NAFEX window depreciated against the dollar…
US Dollar Eurobond Yields Now Higher Than Naira Yields?
The Naira yields of T-bills and Federal Government of Nigeria (FGN) bond are lower than its US dollar Eurobonds.…
Budget 2021: Nigeria’s Proposed Funding For Oil Palm Research Highest In 10 Years
Nigeria’s oil palm research will receive its biggest funding in 10 years if the 2021 budget is passed into law, an…
Canada Dollar Seen Rising; U.S.’Blue Wave’ Would Bolster Prospects:…
The Canadian dollar is set to extend its rally over the coming year if the COVID-19 crisis becomes less of a drag…
US Army’s Operation Not Violation Of Nigeria’s Sovereignty – Minister
The Minister of Defence, Major General Bashir Salihi Magashi (retd.), has said the rescue operation by the United…
Dollar Climbs As Risk Of Long Wait In U.S. Election Outcome Looms
The U.S. dollar jumped and risk-sensitive currencies weakened on Wednesday, as early results in the U.S.…
122% Jump In FX Demand Weakens Naira By 0.10% At I&E
The Naira lost 37 kobo or 0.10 per cent at the Investors and Exporters (I&E) segment of the foreign exchange…
Oil And Gas Regulations In Nigeria – Oil & Gas Policies
There are various laws regulating oil and gas in Nigeria. The principals among these laws are the 1999 Constitution…