Canadian Dollar Falls By Most In A Month, Lagging G10 Currencies
The Canadian dollar weakened against its U.S. counterpart on Wednesday as oil prices edged lower and domestic data…
FEC Approves Reopening Of Four Land Borders
Federal Executive Council (FEC) has approved the reopening of four land borders with immediate effect, while others…
CBN Governor Faces Contempt Charge Over 182b Judgment Debt
A contempt charge has been instituted against the Governor of Central Bank of Nigeria, Godwin Emefiele, over his…
Bitcoin Breaks $20,000 For First Time, Switzerland Named Currency Manipulator
Bitcoin smashed through $20,000 for the first time on Wednesday while the Swiss franc gained after the U.S.…
Euro Rises Above $1.22 For First Time In More Than Two Years
Strong euro zone survey figures and hopes of progress on Brexit negotiations pushed the euro above $1.22 versus the…
Pound, Euro Rise To Multi-Year Highs On Brexit Hope, Weak Dollar
The pound and euro advanced to their highest levels in over two years as optimism the U.K. and European Union may…
Shipping Firms Risk Sanction Over Movement Of Empty Containers
The Nigerian Ports Authority, NPA, has warned shipping firms in Nigeria against not allowing empty containers into…
China Approves Loan For $2.6bn AKK Gas Pipeline
China has approved and will disburse its 85 per cent loan required to fund the $2.6bn Ajaokuta-Kaduna-Kano gas…
Nigerian Banks Issues Disclaimer Against Azimo Money Transfer
Nigerian Banks have issued disclaimers against Azimo, a money transfer application that claims to facilitate global…
Euro-Area Services Slump Eased Before New German Lockdown
Euro-area services came close to stabilizing in the first half of December -- a trend likely to be short-lived…
Nigerian Cement Price Hike Causes Concern For Building Standards
The Nigerian Institute of Building (NIOB) has said the significant rise in cement prices in the country and the low…
Foreign Reserves Fall $731m In 5 Weeks, As Crude Oil Prices Decline By 65%
The country’s foreign reserves fell by $731 million in five weeks, the latest figures obtained from the Central…
Dollar Capped As U.S. Leaders Meet On Stimulus, Pound Underpinned By Brexit Hopes
The dollar languished near 2-1/2-year lows on Wednesday as progress toward a massive U.S. government spending bill…
Nigeria Records $414.79m Foreign Direct Investment In Q3 – NBS
Nigeria recorded $414.79m Foreign Direct Investment in the third quarter of 2020 out of a total of $1.46bn capital…
FG Expects $26bn Diaspora Remittance To Rise
The Federal Government on Tuesday in Abuja called on Nigerians in the Diaspora to be part of its programmes and…
Africa Trade Deal Could Tap $84bn In Export Potential
A continent-wide free-trade pact could help to realise more than $84 billion in untapped intra-African exports,…
Recession, Inflation And Nigerian Households’ Income
Headline inflation which measures the total rise in prices within an economy, including commodities such as food…
Naira Remains Flat Across Forex Markets As Improved Dollar Supply Continues
Forex turnover rose by 3.4%, as the Naira’s exchange rate at the NAFEX window maintained stability against the…
Nigeria’s External Reserve Sinks To 8-Month Low
This is the lowest level since April when it touched $33.4 billion in the wake of the COVID-19 pandemic and falling…
Nigeria Gives Telecoms Providers Two Weeks To Add ID Numbers To SIM Cards
Nigeria has given telecommunication providers two weeks to add valid National Identification Numbers (NIN) to…
Naira Maintains Stability At Various FX Market Windows
The Naira extended its stability against the United States Dollar into a second day at the various windows of the…
China Offers $145 Billion To Banks As Cash Supply Tightens
China injected cash into the financial system by offering medium-term loans, in the government’s latest effort to…
AfCFTA: Nigeria To Become Petroleum Products Refining Hub, Says Sylva
The Federal Government says it will leverage the opportunities provided by the African Continental Free Trade Area…
Nigeria’s Economy Likely To Contract By Over 4% In 2020 -World Bank
Nigeria's economy is likely to contract by more than 4% this year, plunging the country into its deepest recession…
Nigeria Inflation At Highest In Almost Three Years On Food Costs
Nigerian inflation quickened to an almost three-year high in November as dollar shortages, insecurity in farming…
World Bank Approves $3bn For Nigeria
After threatening to withhold $1.5 billion until Nigeria carries out foreign exchange reforms to its satisfaction,…
Nigerian Annual Inflation Nears Three-Year High In November
Annual inflation in Nigeria rose in November for the 15th straight month, to almost a three-year high, the National…
PwC: Nigeria’s Economy Will Perform Better Than IMF, World Bank Projections
This is contained in the December 2020 Nigeria Economic Alert released by the firm on Monday.
It projected that…
Don’t Open Borders, NASME Tells FG
The National Association of Small and Medium Enterprise has advised the President, Major General Mohamadu Buhari…
Court Declares Stamp Duty On Bank Transactions Illegal
A FEDERAL High Court sitting in Asaba Delta State has ruled that it is illegal for banks to charge depositors N50…