Naira Maintains Stability At Forex Markets As Dollar Supply Rise By 57%
Forex liquidity by 57% as Nigeria's exchange rate at the NAFEX window remained stable to close at N386/$1 during…
Oil Prices Drop As Demand Worries Counter U.S. Stimulus Hopes
Oil prices dropped on Tuesday, paring gains from the previous session, as persistent demand concerns due to the…
Buhari To Inaugurate Itakpe-Warri Speed Train Tuesday
The President, Major General Muhammadu Buhari (retd.), will inaugurate Nigeria’s first standard gauge train, the…
INEC Begins Migration To Electronic Voting
The Independent National Electoral Commission (INEC) has commenced replacing manual voting with automated voting…
CBN: Hedging Against Recession, COVID-19 With Interventions
The Central Bank of Nigeria (CBN) is devising strategies through its various intervention programmes to rein the…
Dollar Continues Downward Trend Ahead Of Trump-Biden Debate
The dollar was down on Tuesday morning in Asia, as the U.S. presidential debate and developments on the latest U.S.…
‘ABCON Braces CBN’s Regulation Of Financial Sector’
The argument that all Bureaux De Change (BDCs) operators are the weakest link in the fight against illicit…
NLNG Targets 350,000 Metric Tons LPG By December
The Nigeria Liquefied Natural Gas (NLNG) Limited has said it is set to achieve the production of 350,000 metric…
FG Urges Destination Countries To Repatriate Illicit Funds
The Vice-President, Prof. Yemi Osinbajo, has urged leaders of destination countries to insist on repatriation of…
Nigeria’s Forex Reserves Drop By $47.3m
Nigeria’s foreign exchange reserves suffered its first decline in recent weeks at the weekend as dreary global…
How Monetary, Fiscal Managers Can Cooperate To Cushion Impact Of Recession
At negative 6.1% gross domestic product (GDP), economic managers have a lot of work to do to save the country from…
Sterling Up Over 1% As Traders See Hope Of Avoiding Cliff-Edge Brexit
The British pound rose more than 1% on Monday on hopes that Britain could secure a Brexit trade deal with the…
Orji: Second Niger Bridge Has Achieved 47% Completion Rate
The Managing Director of the Nigeria Sovereign Investment Authority (NSIA), Mr. Uche Orji has disclosed that the…
Popoola Wants Role For Credit Bureau In CBN’s Intervention Fund Disbursement
The access, impact and prospects of the intervention funds by the Central Bank of Nigeria (CBN) formed the basis of…
CBN’s Rate Cut Triggers Rush For Equities
Stunned by the decision of the Central Bank of Nigeria (CBN) to cut the benchmark interest rate,bewildered…
Nigeria’s Main Unions Suspend Planned Strike After Government Talks
Nigeria’s long-awaited oil reform bill would privatise the Nigerian National Petroleum Company, amend changes to…
Our Economy Is In Coma, Needs Urgent Resuscitation – APC Reps Member
Ughelli — The member representing Ughelli North, Ughelli South and Udu federal constituency in the House of…
Judge Locks Trump Administration’s Ban On New TikTok Downloads From U.S. App…
A judge has temporarily blocked an order from the Trump administration that would have banned TikTok from being…
OPEC In Trouble As Oil Outlook Worsens
Just when they thought they had rebalanced the oil market, OPEC members were served an unpleasant surprise from…
Dollar Hovers Near Two-Month High Amid Economic, Political Risks
The dollar hovered near a two-month peak against a basket of currencies on Monday as doubts about economic recovery…
What MPR Cut Means As The Country Enters Recession?
Nigeria unexpectedly cut its Monetary Policy Rate (MPR) by 100 basis points from 12.50% to 11.50% in an attempt to…
Tesla’s $25,000 Electric Car Means Game Over For Gas And Oil
The monumental Tesla Battery Day last week clearly wasn’t as monumental for some as they had expected. The day…
Sterling Jumps More Than 1% As Traders See Hope Of Avoiding Cliff-Edge Brexit
The British pound soared more than 1% on Monday on hopes that Britain could secure a Brexit trade deal with the…
Positive Covid-19 Test Rates Top 25% in some U.S. Midwest States
The number of tests coming back positive for Covid-19 is topping 25% in several states in the U.S. Midwest as cases…
Brexit: EU Citizens In UK Could Be Shut Out Of Vital Services
Thousands of EU nationals could face problems accessing essential services because the government is refusing to…
Osinbajo: We Will Soon Reopen The Land Borders
In October 2019, President Muhammadu Buhari ordered the closure of land borders to check smuggling goods and arms…
Fewer Than 10% Of Americans Show Signs Of Past Coronavirus Infection, Study Finds
Fewer than 1 in 10 Americans showed signs of a prior coronavirus infection as of late July, suggesting that the…
Assessing Contributions Of Bureau De Change In Foreign Exchange Stability
The Bureaux De Change Operators (BDCS) sector has for decades, remained a critical component of the Nigerian…
U.S. Sanctions On Chipmaker SMIC Hit At The Very Heart Of China’s Tech Ambitions
GUANGZHOU, China — The U.S. government has reportedly imposed restrictions on exports to SMIC, China’s biggest chip…
Nigeria’s Growing Inflation Rate
The current rate of inflation in Nigeria, according to the National Bureau of Statistics, rose to 13.22 per cent in…