ECB Signals December Stimulus Likely Amid European Lockdowns
The European Central Bank gave a strong indication that it will likely boost its emergency bond-buying program to…
Nigeria’s Economy Too Fragile For A Second Lockdown
In a tweet via his official Twitter account on Thursday, the president said the country’s economy is too fragile to…
Dollar Stabilises As Europe’s New Lockdowns Keep Risk Appetite Subdued; ECB…
The dollar edged up slightly on Thursday and riskier currencies remained subdued, with markets worried about…
Britain Says It Is Doing Everything It Can To Avoid National Lockdown
Britain will do everything it can to avoid ordering a second national COVID-19 lockdown because it believes it will…
CBN Increases Access To Mortgage Financing
The Central Bank of Nigeria has said it has removed the restriction on non-member mortgage lenders from refinancing…
Nigeria’s Earnings Threatened As Oil Sheds $2.33/Barrel
Brent, the oil against which Nigeria’s crude is benchmarked, dropped in price on Wednesday, shedding $2.33/barrel.…
Naira Falls To N465/$1 At Black Market, Gains 0.09% At I&E
After maintaining stability for some days, the Naira finally recorded a movement against the United States Dollar…
Wide Gulf Persists Between CBN, BDC Rates For Naira And Dollar
The Nigerian Naira remains battered by US Dollar, Euro, Sterling
The Central Bank of Nigeria…
Sterling Bank Launches ‘Switch’ Free Money Transfer Service For Nigerians In…
Sterling Bank Plc has launched “a free money transfer service” for Nigerians in diaspora, called ‘Switch’, to…
WTO Explains Leadership Election Quagmire
The World Trade Organisation selection committee explains the election quagmire. Link below:
WTO Election…
U.S. States Reason For Blocking Okonjo-Iweala At WTO
The Office of the U.S. Trade Representative has explained why the Trump administration is opposed to the selection…
Nigeria Stocks Rise To 9-Month High After Curfews Imposed Last Week Eased
Nigerian stocks climbed to a nine-month high on Wednesday after round-the-clock curfews imposed last week to curb…
Nigeria Is Spending $35 Per Capita To Combat COVID-19, Aig-Imoukhuede Says
Sub-Saharan Africa Governments do not have the firepower required to throw a blanket over the virus and as such…
Bank Of Canada Holds Rate Steady, Says COVID-19 Economic Recovery Likely By 2022
OTTAWA — The Bank of Canada kept its key interest rate on hold Wednesday as it said the country's economy won't…
CBN Debits Banks Of CRR Worth N926.4bn For Breaching Lending Requirements
The Lagos State Government has announced total closure of the Adekunle to Adeniji section of the Third Mainland…
Oil Plunges 5% As Coronavirus Cases Surge, U.S. Crude Stockpiles Swell
Oil prices dropped 5% to a three-week low on Wednesday as surging coronavirus infections in the United States and…
FG To Take Over 10 Airports From State Governments
The federal has disclosed plans to take over 10 airports from State governments to help boost the aviation sector.…
Cash-Strapped Customers Groan As Long Queues Return To Banks In Edo
Customers in Edo State on Wednesday, experienced difficulties in making financial transactions owing to the…
Purchasing Managers’ Index Contracts In October
The Manufacturing Purchasing Managers’ Index (PMI) stood at 49.4 index points in October, indicating slowing…
Sterling Drops Vs Dollar; One-Week Volatility Jumps Ahead Of U.S. Elections
Sterling fell against a strengthening dollar on Wednesday as markets turned risk-averse in light of a resurgence of…
How Emefiele Saved The Economy From COVID-19
The Coronavirus pandemic (COVID-19) took the world by storm in a manner that inflicted destruction, the like that…
Nigerian Army Says It Intervened In Protests At Lagos Government’s Request
Nigeria’s Lagos state government asked the army to intervene to restore order amidst anti-police brutality…
Bank Of England Gives Banks Breathing Space Over Crisis Plans
Britain’s main banks will have extra time before they have to say publicly how they could be closed down in a…
Travel Agents Bemoan Fakery, Illegal Operators
Travel agencies have again raised concerns over the activities of illegal operators, touts and fake agencies that…
Euro Dips On French Lockdown Fears, U.S. Vote Drives Volatility Gauges Up
The dollar rose against the euro on prospects of a national coronavirus lockdown in France, with implied volatility…
Libor’s End Is A Game Changer For Global Finance
For about 50 years, the London interbank offered rate has helped determine the cost of borrowing around the world.…
Fresh Concerns Over $17 Billion Yearly Freight Loss To Foreign Shipping Lines
Stakeholders in the maritime industry have expressed displeasure over the yearly $17 billion revenue loss to…
Nigerian Considers Social Media Regulation In Wake Of Deadly Shooting
Nigeria’s information minister said “some form of regulation” could be imposed on social media just a week after…
Euro Wilts As Coronavirus Lockdown Worries Hurt Sentiment
The euro fell against the dollar on Wednesday following a media report that France’s government was leaning toward…
WTO Panel Recommends Nigeria’s Candidate for Top Post
Nigeria’s former finance minister Ngozi Okonjo-Iweala received a key endorsement Wednesday from the World Trade…