World’s Outlier On Remittances Has Currency Woes To Blame
Nigerians living abroad could be sending more money home than authorities realize, bypassing official channels so…
Nigeria’s Traditional Textiles Threatened By Chinese Imports
JOS, NIGERIA - Nigeria has been producing traditional, handmade, beautiful fabric designs for centuries. But…
AFRICA-FX-Kenyan, Zambian, Nigerian Currencies Seen Under Pressure
The currencies of Kenya, Zambia and Nigeria are expected to come under pressure versus the U.S. dollar next week,…
Bob Diamond’s African Bank Exits Two Markets As It Enters Debt Talks
Atlas Mara Ltd., the African banking group started by former Barclays Plc Chief Executive Officer Bob Diamond,…
Nigeria To Strengthen Infrastructure Company To Boost Recovery
Nigerian state-owned Infrastructure Credit Guarantee Company plans to raise additional capital to fund critical…
Nigerian Central Bank Rule Leaves Cocoa Stranded At Ports
Nigerian cocoa exporters are facing long delays in shipping their goods after the central bank started insisting on…
Naira May Head To N500 Against Dollar On Black Market Next Week
The foreign exchange market has been under pressure since March 2020 following a sharp drop in oil prices as a…
Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin To…
A former Microsoft software engineer and co-founder of Buycoins Africa Tomiwa Lasebikan says some Nigerians…
FG Moves For Better Forex Access
As the naira sustains its sliding profile against the American dollar at the parallel market, Vice President Yemi…
Nigeria Argues Over The Writing On Its Banknotes
Some say Arabic script smacks unconstitutionally of Islam. Others shrug
Malcolm omirhobo is no stranger to the…
Nigeria Weak On Innovation Infrastructure’
THE National Centre for Technology Management (NACETEM) yesterday said Nigeria was weak on innovation stressing the…
Euro Retreats After Early Gains; Swedish Crown Falls After Riksbank QE Expansion
The euro retreated on Thursday after briefly hitting a near three-month high against the dollar as concerns about…
Importers, Clearing Agents Lament As Railway Contractor Stalls Cargo Evacuation At…
Cargo evacuation at APM Terminal, Apapa , were yesterday paralysed as the contractor handling the rail project at…
Pound Near Three-Month High As Weak Dollar Counters Unease On Brexit Talks
Sterling held near a three-month high on Thursday as U.S. dollar weakness offset some of the uncertainty about the…
Exclusive: White House Considers Lifting European Travel Restrictions –…
The White House is considering rescinding entry bans for most non-U.S. citizens who recently were in Brazil,…
CBN To Banks: Cut Service Cost
THE Central Bank of Nigeria (CBN) has advises banks and other financial institutions to reduce the cost of…
Naira Hits Record Low At The Investors And Exporters Window
Nigeria’s local currency, the naira fell to a record low of 393 naira 25 kobo to the US dollar at the Investors and…
Bitcoin Plunges By Nearly $3,000 After Closing In On Its All-Time Record
LONDON — Bitcoin has plunged by close to $3,000 in less than 24 hours after hitting highs not seen since the end of…
AfDB To Set Up Agro-Finance Fund
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has disclosed that the bank is…
#EndSARS: CACOVID To Rebuild 44 Police Stations, Donates N100bn For Arms
The Central Bank Governor, Godwin Emefiele, has said the Coalition Alliance Against COVID-19 will rehabilitate all…
Dollar Losses Put On Hold But Long-Term Outlook Tilts To Downside
The dollar was on the defensive on Thursday as downbeat U.S. economic data and optimism about coronavirus vaccines…
Nigeria: NPA Moves To Ease Tin Can Port Traffic
The Nigerian Ports Authority, Tin Can Island Port Complex, has assured stakeholders of better traffic situation…
This Recession Makes Life Difficult For Citizens And Increases Level Of Misery –…
In this interview with NIKE POPOOLA, the Director-General, Lagos Chamber of Commerce and Industry, Dr Muda Yusuf,…
Parallel Market Accounts For 5% Of FX Market Share—CBN Governor
Mr Emefiele made this claim in Abuja on Tuesday while reacting to a question on the value of the Naira on the black…
15-Month Border Closure: Manufacturers Fault Federal Govt, Committee Report Ready…
Stakeholders in the manufacturing sector, including the Manufacturers’ Association of Nigeria’s Export Group and…
Dollar In Holding Pattern But Traders Warn Of Further Declines
The dollar was on the defensive on Thursday as downbeat U.S. economic data and optimism about coronavirus vaccines…
Africa Looks To China, Russia To Boost Scant Vaccine Supplies
The Africa Centres for Disease Control and Prevention and the African Union have discussed Covid-19 vaccine trial…
Alleged Members Of Nigerian Cybercrime Ring Arrested In Lagos
Three alleged members of a prolific Nigerian cybercrime ring have been arrested in Lagos, part of a larger group…
Vaccine Is No Shot In The Arm Yet For Emerging Markets
Emerging markets have surged on the prospect that coronavirus vaccines will become widely available soon, but…
ABCON Blames FX Speculators For ‘Forceful Devaluation Of Naira’
Last week, the Nigerian weakened to N484/$1. It only appreciated by N1 on Monday to trade at N483/$1 and as press…