Sterling Holds Above $1.30 Ahead Of New Lockdown Measures
Sterling edged lower against the dollar on Monday with British Prime Minister Boris Johnson expected to announce…
Dollar Sticks Near Three-Week Lows As Markets Bet On Eventual U.S. Stimulus
The dollar held near three-week lows on Monday amid optimism about fiscal stimulus in the United States, while the…
Yuan’s Gains May Be Capped After PBOC Cuts Shorting Costs
The yuan came under pressure in early Monday trade, dragging regional counterparts lower with it, after authorities…
CBN To Enforce Banks’ Compliance With SWIFT Code
The Central Bank of Nigeria has ordered banks to comply with the SWIFT universal payment confirmation.
It stated…
Canadian Experts Push For Cultivation Of Non-Intoxicating Cannabis In Nigeria
Experts from Canada have started pushing for the cultivation and development of non-intoxicating Cannabis,…
Stakeholders Say Multiple Exchange Rates Benefitting Few
Stakeholders in the financial sector have decried the multiple exchange rates in the country, saying it is fueling…
Onne Customs Rakes In N13.1bn, Highest In 37 Years
The Nigeria Customs Service (NSC), Area ll Command, Onne Port, Rivers State has announced that it generated a total…
Challenges Of Foreign Private Investment In Nigeria
NIGERIA has witnessed a steady decline in Foreign Direct Investment in recent time. According to data from the…
Nigeria Imports Paper Worth N3tn Annually
The President/Chairman in Council, Chartered Institute of Professional Printers of Nigeria, Olugbemi Malomo, in…
AfCFTA Take-Off: Nigeria Remains Most Sought-After Bride
Ahead of the planned takeoff of the much hyped African Continental Free Trade Agreement (AfCFTA) in January 2021,…
Yuan’s Haven Status Won’t Stick Until China Relaxes Its Controls
When the world’s financial markets hit turbulence, could you really turn to China’s yuan as a store of value?…
Nigeria At 60: Whither The Capital Market?
Not unmindful of the floatation of a development stock by the Colonial government in 1946, the doors of a formal…
SARS Ban: Nigeria Abolishes Loathed Federal Special Police Unit
Nigeria has dissolved the special police force at the centre of protests against police brutality.
The…
EM Investors Start To Put Vote Jitters Behind Them
Emerging-market investors are beginning to factor in a victory for Joe Biden in next month’s election, a likely…
PwC Predicts 30% Unemployment Rate By Year-End
PricewaterhouseCoopers says Nigeria’s unemployment rate can rise to 30 per cent by the last quarter of the year…
Norway Oil Strike Ends After Wage Agreement
An Equinor employee talks to a reporter on a rig used to produce oil from the Johan Sverdrup oil field some 140…
UK Chancellor Announces ‘Local Furlough’ Scheme And Business Grants
Chancellor Rishi Sunak has announced new support for businesses and employees hit by local lockdowns.
The…
Banking Sector Credit Rises To N18.90tn Nationwide
The total banking industry credit to customers in the 36 states of the federation and Federal Capital Territory…
CBN’s $450m Inflow To BDCs Stabilise Naira
The Central Bank of Nigeria (CBN) has injected over $450 million into the Bureau De Change (BDC) segment of the…
Nigeria Not Looking To Issue Eurobonds, Vice President Says
Nigeria will avoid issuing Eurobonds due to their expense, Vice President Yemi Osinbajo said, and will look at…
Police Fire Teargas At Nigerians Protesting At Alleged Brutality, Witnesses Say
Nigerian police used teargas on Friday to disperse dozens of people in the capital Abuja who had gathered to…
Nigeria’s Forex Devaluation Timeline – 2020
Speculations started March 12 that the naira might be devalued. This is a timeline of every decision taken since…
Canadian Dollar, ‘Super-Charged’ By Jobs Data, Posts One-Month High
The Canadian dollar strengthened against its U.S. counterpart on Friday to notch its biggest weekly advance in four…
Nigeria’s NSA Says $1.8bn ‘Wasted’ On N/Delta Amnesty
Nigeria’s National Security Adviser, Babagana Monguno says he has advised the country’s President Muhammadu Buhari…
CBN Directs Banks To Confirm Swift Transactions Within 2 Business Days
The Central Bank of Nigeria (CBN) has directed all deposit money banks to ensure full compliance with Swift…
Nigeria Stock Market Drops Further By N68bn
The bears maintained dominance on the Nigerian Stock Exchange on Friday with the market capitalisation declining…
Next Africa: A Chance To Be Heard At The WTO
Ngozi Okonjo-Iweala’s advance to the final selection round for director-general of the World Trade Organization…
Nigerian Airline To Test Direct Flights To Jamaica
A Nigerian airline is making history for the first time as it tests direct roundtrip commercial flights in December…
Naira Gains Against The USD At The Bureau De Change, Parallel (“Black”) Markets…
In the just concluded week, Naira appreciated against the USD at the Bureau De Change as well as the parallel…
We’ll Expand Economy Through Gas Utilisation
Minister of State for Petroleum Resources, Timipre Sylva, has hinted that government intends to expand the…