Current Economic Realities Necessitated Naira Devaluation
Dipping oil prices, COVID-19, increasing debt, high poverty and unemployment have been identified as factors that…
Flight Operations Restart In Kano Airport Amid Low Passengers
Domestic flight operations has resumed at Mallam Aminu Kano International Airport (MAKIA), Kano amidst strict…
Naira To Depreciate Further In Parallel Market
The sharp depreciation of the naira in the parallel market is set to continue this week with the exchange rate …
FG Threatens To Review Air Agreements With UK, Others Over ‘Unacceptable Treatment…
The federal government Sunday said it would review its Air agreements with various countries as a result of the…
Navigating Nigeria’s Foreign-Exchange Maze On Path To Fair Value
Nigeria, under pressure from multilateral lenders, has vowed to untangle its Byzantine foreign-exchange regime that…
29 Nigerians Stranded In Lebanon Successfully Evacuated
29 Nigerians who were initially stranded in Lebanon have been successfully evacuated to the country.
The…
Currency Controls Boosting Black Market Patronage, Say Dealers
Financial Market Dealers have said the implementation of currency control, making it difficult for certain sectors…
Air Peace Evacuates Nigerians From Malaysia, Thailand, Indonesia
Nigeria’s leading carrier, Air Peace, on July 10, 2020, dispatched, two B777 aircraft, with registration number…
Looming Free Fall – How To Save The Naira
On Tuesday, the Central Bank of Nigeria, CBN, adjusted the value of the Naira to exchange to the dollar at N381, as…
Why 58 Nigerian Medical Doctors Were Traveling Without UK Visas
Some facts have emerged why 58 Nigerian medical doctors who were denied departure to the UK through the Muritala…
Overland Airways To Resume Flights July 15
Overland Airways has announced the resumption of its flight services with effect from July 15, 2020, following the…
Exclusive: Buhari Ordered DSS To Investigate Magu Since 2018
Unknown to Ibrahim Magu, President Muhammadu Buhari had directed the Department of State Services (DSS) to…
Report Cites Nigeria In Dubai Global Corruption Saga
A new report has identified Nigeria as one of the major countries whose citizens use Dubai, the economic capital of…
Why Insurance Firms Are Selling Off Their PFAs
The idea of mitigating risks and curtailing losses at the bare minimum begins from the insurance industry and only…
Nigerian Government Hands Over National Theatre To Bankers Committee
The Minister of Information and Culture, Alhaji Lai Mohammed, has said he will on Sunday hand over the National…
Wife Of Brazil’s President Bolsonaro, And Her Two Daughters, Test Negative…
Michelle Bolsonaro, the wife of Brazilian President Jair Bolsonaro who is sick with the new coronavirus, said on…
Huawei To Request UK To Delay 5G Network Removal
China’s Huawei Technologies has requested a meeting with UK Prime Minister Boris Johnson to work out a deal to…
China Raises Flood Alert To Second Highest Level
China on Sunday raised its flood response alert to the second highest grade as downpours continued to batter…
Tesla Slashes Model Y SUV Price As Pandemic Weighs On Auto Sector
Tesla Inc (TSLA.O) cut the price of its sport utility vehicle Model Y by $3,000, just four months after its launch,…
Saudi Telecom Extends Vodafone Egypt Stake Purchase For Second Time
Saudi Arabia’s largest telecoms operator Saudi Telecom Co (STC) (7010.SE) said on Sunday it would need another two…
UK Plans To Create ‘Freeports,’ Cut Taxes
British finance minister Rishi Sunak is preparing to introduce sweeping tax cuts and an overhaul of planning laws…
Abu Dhabi Fund Suspends Debt Service Repayments For Countries, Companies
Abu Dhabi Fund for Development has suspended debt service repayments for some countries and companies for the year,…
Cash-Strapped New Jersey To Borrow Up To $9.9 Billion Under Deal
New Jersey, one of the states hardest hit by the coronavirus outbreak, would borrow up to $9.9 billion from sources…
Trump Dons Masks In Visit To A Military Medical Facility
President Donald Trump, who has avoided wearing a mask in public even as the coronavirus pandemic spread, donned…
Behind the Relentless Stock Rally, Waves of Anxiety Are Building
erves are fraying underneath the stock market’s technology-fueled rally.
Short bets against the biggest equity…
Mandatory Masks, Mickey At A Distance As Walt Disney World Reopens
Mickey waved from a distance and visitors wore colorful face masks with mouse ears on Saturday as Florida’s Walt…
Wall Street Forges a New Deal With Data in Coronavirus Age
Alternative data has been a buzzword on Wall Street for years. Never has demand been greater than during the…
Nigerian Government Clarifies Tax On House Rents, C of O, Others
The Director-General of the Budget Office of the Federation, Ben Akabueze, says tax on rents, Certificate of…
Immigration Stops 58 Nigerian Medical Doctors From Travelling To UK
Operatives of the Nigeria Immigration Service (NIS) at Murtala Muhammed International Airport (MMIA) Ikeja, Lagos,…
Nigeria Misses Revenue Target On Low Oil Prices And Output
Nigeria could only collect about half of its budgeted revenues in the first five months of this year as low oil…