The Australian Dollar Is Surging On Record Iron Ore Prices As Tensions With China…
SINGAPORE — The Australian dollar has leaped to its highest in more than two years, helped by surging iron ore…
External Reserves Dip By $269.47m In Five Weeks
The country’s foreign reserves fell by $269.47m in five weeks, the latest figures obtained from the Central Bank of…
Dollar Heavy Amid Stimulus Progress, Pound Buoyed By Brexit Hopes
The dollar traded near 2 1/2-year lows against major peers on Tuesday as demand for the safest assets flagged amid…
Lagos Lists 300 Distressed Buildings For Demolition
The General Manager, Lagos State Building Control Agency, Mrs Abiola Kosegbe, said it has listed about 300…
Equities Market Opens Week Bullish, Investors Gain N309.8bn
Equities trading on the Nigerian Stock Exchange (NSE) begins the week on a positive note as the market indicators…
Rapid China Inflows Spur Call For Strongest Yuan Since 1993
The yield on China’s 10-year government bonds climbed in recent months on speculation the PBOC will start to exit…
FG Suspends Issuance Of FTZs Licences
The Federal Government has suspended issuance of licences for the operations of Free Trade Zones (FTZs) in the…
Banks’ Non-Performing Loans Now N1.17tn – NBS
Non-performing loans in the Nigerian banking sector fell by N42.4bn in three months, latest figures from the…
Oil Rises From The Ashes As The Big Coronavirus Recovery Trade
Brent crude topped $50 a barrel last week for the first time since March, a milestone for an oil market that’s been…
OPEC+ Countries To Hold Jan. 4 Talks, Algeria Says
Algerian Energy Minister Abdelmadjid Attar said on Sunday that OPEC+ countries will meet on Jan. 4 to study the…
Deregulation: Nigerians Overpaying For Petrol – Expert
At a pump price of N167 per litre, Nigerians are currently overpaying for fuel, an industry expert, Alhaji Rabiu…
As FG Woos Global Investors At GITEX 2020
This year’s Gulf Information Technology Exhibition (GITEX) event and conference, which held at the World Trade…
CBN Commits N200bn On 300,000 Social Housing Scheme
THE Central Bank of Nigeria, CBN, has committed N200 billion to kickstart the social housing projects, under the…
Lagos To Establish A Multi Million Naira Fish Centre
Lagos is set to launch a multi-million Aquaculture Centre of Excellence (L.A.C.E) to provide a major boost to the…
Nigeria’s Q3 Oil Exports Rise By 56% To N2.42tn
Nigeria more than doubled its crude oil exports in the third quarter of this year to N2.42tn after months of…
Banks Have Benefited From COVID-19 Fiscal, Monetary Policies – Okonkwo
Nnamdi Okonkwo, who retires as the Managing Director/Chief Executive Officer of Fidelity Bank, on December 31,…
Pound Sterling Set For An Explosive Monday Session Vs. Euro And Dollar
Pound Sterling is in for a potentially explosive session on Monday owing to a Sunday deadline for EU-UK Brexit…
Nigeria’s Buhari Disputes Lawmakers’ Power To Summon Him
A last minute change of heart by Nigerian President Muhammadu Buhari on answering an invitation by lawmakers…
Nigerian Military In Firefight With Gang Who Kidnapped Students
The Nigerian military had located and exchanged fire with gunmen who kidnapped scores of secondary school students…
Relieved Pound Jumps As Brexit Talks Go Beyond Deadline
The British pound gained a percent against the dollar and the euro in relief after Britain and the European Union…
Global Lenders Raise Pressure On Nigeria To Reform Currency
The International Monetary Fund and World Bank have intensified calls on Nigeria to speed up currency reforms…
Naira Appreciates To N394/$ At I&E Amid 180.6% Spike In FX Demand
The Naira appreciated by 0.15 per cent or 60 kobo against the US Dollar at the Investors and Exporters (I&E)…
Debut Sale Of Special Nigerian Bonds Disappoints Investors
Nigeria’s first issuance of special bills created to boost liquidity for the nation’s banks left investors…
Transport Owners Want Land Borders Reopened
The Public Transport Owners of Nigeria Association (PTONA) has appealed to the federal government to reopen the…
IMF Article IV: Nigeria’s Outlook Challenging, Forex Reforms Needed
The International Monetary Fund (IMF) yesterday returned a gloomy verdict on the Nigerian economy for 2020,…
Govt Halts Retrenchment Of 300 Arik Air StaffGovt Halts Retrenchment Of 300 Arik…
The Federal Government on Thursday said the over 100 per cent hike in domestic airfares was inevitable, describing…
Exporters Lament U.S Ban On Nigeria’s Catfish
Catfish exporters in Nigeria have lamented the ban on Nigeria’s processed catfish by the United State government,…
Nigeria Will Have 110m Poor People By End Of 2020
The former vice presidential candidate of the Peoples Democratic Party (PDP) in the 2019 general elections, Peter…
U.K. Banks Could Be Forced To Refund Fraud Victims: Telegraph
U.K. lenders would be forced to refund all victims of financial fraud if plans being proposed by an official…
Nigeria To Reopen Isolation Centers As Covid-19 Cases Surge
Nigeria is set to reopen Covid-19 isolation and treatment centers as the number cases jumped to the highest in more…