Stock Market Extends Gains By N55bn
Nigerian stock market sustained its positive outlook on Tuesday to begin the month of December on a positive note…
Fitch Ratings: Forex Liquidity Risk May Affect Credit Rating Of Nigerian Banks
Fitch Ratings, a global credit rating agency, predicts a risk in the rating of Nigerian banks due to foreign…
Terrorism: Don’t Unfreeze #EndSARS Campaigners’ Accounts, CBN Begs Court
THE Central Bank of Nigeria has asked Justice Ahmed Mohammed of a Federal High Court in Abuja not to unfreeze the…
Pound Jumps As Traders Look For Endgame To U.K.-EU Trade Talks
The pound rallied the most in more than a week, as speculation grows British and European officials are getting…
Naira Appreciates At N490/$1 In Parallel Market After New CBN Policy
This is coming a day after it weakened at N500 to the dollar in the parallel market.
The CBN had, on Friday,…
Diaspora Remittances, Domiciliary Accounts Become Battlegrounds For Nigeria’s FX…
Truth is no one will gladly send a dollar to Nigeria at N390 if he or she can get N490-500 for the same dollar.…
Businesses Need Lower Interest Rates To Kick-Start Recovery
Creaking grid: Electric wires in Ojuelegba district in Nigeria's commercial capital Lagos, June 18, 2018.…
Ivory Coast Struggles To Sell Cocoa Amid Dispute Over Farmer Premium
Ivory Coast has not sold up to 15% of cocoa from its ongoing main crop, while the vast majority of the upcoming…
Threats, Detentions And Frozen Assets: Nigeria’s Protesters Depict Pattern…
At 7 a.m. on a recent Saturday, Onomene Adene received a call from a man whose voice she did not recognise.
The…
Musk to Tesla employees: ‘Our stock will immediately get crushed like a souffle…
Tesla CEO Elon Musk sent an e-mail to employees on Tuesday warning them that they need to control their spending in…
Japan Makes COVID-19 Vaccine Free For Residents
Japan on Wednesday enacted a law to cover the cost of vaccination against COVID-19 for residents.
Amid rising…
Dr. Scott Gottlieb sees Covid vaccine in ‘rationing type of environment’ well into…
Dr. Scott Gottlieb told CNBC on Wednesday the availability of coronavirus vaccine doses is likely to be limited in…
Naira Reverses Loss, Trades At N470/$
It is currently trading at N470 to the dollar.
The naira, which had previously exchanged at N500/$, strengthened…
CBN Directs Banks To Close Naira Ledger Accounts For IMTO
The Central Bank of Nigeria (CBN) has directed banks in the country to close all naira ledger accounts opened…
Delay In Vaccine Rollout Is The Top Risk To The Economic Recovery, ECB Member Says
LONDON — A potential delay to the distribution of coronavirus vaccines is the biggest risk facing the economic…
Oil Holds Steady With OPEC Working To Bridge Gaps On Policy
Oil held steady in New York, with OPEC and its partners engaging in a diplomatic push to agree on output levels…
Minister Assures Investors Of Forex In Machinery Procurement
The Federal Government on Monday assured local raw materials investors that they will be given priority in foreign…
Govt Assures Investors Of Access To Forex For Machinery Importation
The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo has assured investors using local raw materials…
CBN Issues Fresh Directives On Foreign Currency Payment Of Diaspora Remittance
The Central Bank of Nigeria CBN) has issued fresh directives to International Money Transfer Operators (IMTOs) on…
Sterling Slips Below $1.34 As Brexit Trade Deal Doubts Emerge
Sterling dipped below $1.34 as doubts resurfaced over whether Britain can seal a post-Brexit trade deal with the…
Nigeria’s Biggest Bank In Talks To Buy Atlas Mara Assets
Nigeria’s biggest bank is in talks about a potential acquisition of assets belonging to Bob Diamond’s Atlas Mara…
Dollar Rises From Two-And-A-Half-Year Lows, Risk Currencies Retreat
The dollar rose from a two-and-a-half-year low on Wednesday as investors assessed the likelihood of further fiscal…
CBN Introduces Special Bills To Deepen Financial Market
The Central Bank of Nigeria (CBN) will make N250 billion available for infrastructure funding in a bid to expand…
Dollar Savers Offload Deposits As Naira Exchanges For N490/$
The naira on Tuesday recorded significant gains against the dollar. The local currency’s appreciation against the…
Naira Depreciates At I&E On 379.6% Jump In FX Demand
The Naira slid by 0.96 per cent or N3.75 against the US Dollar at the Investors and Exporters (I&E) window of…
Will I Need A Visa To Go To The EU After Brexit?
With less than a month before the end of the Brexit transition period, there are still many uncertainties about the…
FX Inflows: CBN Enables Cash Withdrawal In Foreign Currencies
In order to bridge the wide exchange rate between the legalised foreign exchange (forex) markets and the parallel…
CBN Releases Banks’ Excess CRR To Spur Economic Recovery
As part of efforts to support economic recovery and propel the quest to return to the growth path, the Central Bank…
Customs Explains Multiple Import Counter-Check System
COORDINATOR of the Comptroller General of Customs Strike Force Zone ‘A’, Ahmadu Bello Shuaibu, has said the…
Trump Sues To Reverse Biden Win In Wisconsin
President Donald Trump’s campaign filed a lawsuit Tuesday in Wisconsin seeking to invalidate President-elect Joe…