Apple Stock On Pace For Worst Day Since Mid-March
Shares of Apple dropped more than 6% Thursday afternoon, putting its stock on pace for its worst day since March…
Nigeria: External Reserves Fall Below Threshold
Nigeria may be leaning against the wind as its foreign exchange reserves fall below the threshold required by the…
Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point To Further…
Pressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports…
Nigeria: Coconuts Can Contribute Over $400bn To Nigerian Economy Annually
The President, National Coconut Producers, Processors and Marketers Association of Nigeria (NACOPPMAN), Nma…
Facebook To Ban New Political Ads In Week Before Presidential Election
Facebook announced Thursday it will ban new political ads from running in the week before the Nov. 3 presidential…
Nigeria: Why We’re Borrowing – DMO
Abuja — Federal government's borrowings are fuelled by persistent budget deficits, the Director-General of the Debt…
Bill Gates-Backed Vehicle Battery Supplier To Go Public Through SPAC Deal
An electric vehicle battery supplier backed by Microsoft co-founder Bill Gates and Volkswagen is the newest…
Jeep Grand Wagoneer SUV to top $100,000 as brand’s luxury flagship
DETROIT – Fiat Chrysler’s long-awaited Jeep Grand Wagoneer SUV will top $100,000 – likely making it the brand’s…
Covid-19 Forced Google To Change How It Predicts Traffic In Google Maps
Google on Thursday explained in a blog post how Covid-19 has forced it to rethink how it predicts driving…
NNPC Invites Bidders For Crude Oil Contracts
The Nigerian National Petroleum Corporation (NNPC) has invited local and international companies to submit bids to…
Dollar Gains Further On Worries ECB Grew Uncomfortable With Euro Rise
The dollar’s bounce extended on Thursday as investors trimmed bets against the greenback and sold the euro on…
Nigerian Central Bank Starts Sale Of Dollars To Clear Backlog
The Nigerian central bank has started to sell dollars in the spot market and forward operations to clear a backlog…
Euro Hits Week Low As Dollar Finds Footing
The dollar’s bounce extended on Thursday, as investors trimmed bets against the greenback and sold the euro on…
Nigerians’ Concerns Should Be How Loans Are Utilised
The Director-General, Debt Management Office, Patience Oniha, on Wednesday, defended the nation’s debt profile,…
N2 Profit Margin Not Enough To Sustain Operations’ — BDCs Ask CBN To Review FX…
The Association of Bureau de Change Operators of Nigeria (ABCON) says the N2 profit margin that comes with…
Naira Roars Back To Life In Parallel Market
The Naira has marched into September with a renewed sense of confidence, rallying to its strongest level since…
Cost Of Doing Business At Nigerian Ports Will Be Reduced Soon
In this interview with LEADERSHIP, the chairman, House Committee on Ports and Harbour, Hon Garba Datti Mohammad is…
Sterling Falls More Against Strong Dollar, Hurt By Brexit, Weak Outlook
The pound fell against the dollar on Thursday, extending its losses on a combination of dollar strength and weak…
NIS Implements Procedures On International Flights Resumption
The Comptroller General, Nigeria Immigration Service (NIS), Mr Muhammad Babandede has implemented procedures for…
Nigeria: Push For Airport Development
The role of collaboration in developing critical air transport infrastructure for accelerated economic development…
Nigeria Says Can Tap Mineral Wealth Despite COVID, Unrest
Nigeria aims to have 50 mines in operation by 2023 and can make up for time lost because of the impact of COVID-19…
Nigeria Naira Firms 9.7% On Black Market On Plans To Sell FX To Currency Operators
The Nigerian currency firmed sharply on the black market on Tuesday, gaining 9.65% to 435 naira against the U.S.…
Bitcoin Falls Most In Month As Momentum Shifts During Risk Rally
Bitcoin posted its largest one-day decline in about a month just a day after reaching $12,000. Other digital…
Nigeria: Lagos To Establish Coconut Processing Factory In Badagry By 2021
The Lagos State Government says it will establish a coconut processing factory in Badagry to further optimize the…
BDCs Want CBN To Review Advised Exchange Rate Of N386
Ahead of funding account on Friday and business reopening on Monday, Bureau de Change (BDC) operators have called…
Sirika Restructures NCAA, Sacks Directors
A major restructuring of the Nigeria Civil Aviation Authority, NCAA, was done Wednesday by the Minister of…
CBN Sets Capital Base Of N5bn For Mobile Money Licenses
The Central Bank of Nigeria has said it will grant more licences for payment service banks but set a minimum…
Petrol Price Should Be About N155/Litre
The pump price of petrol should be closer to N155 per litre, the Chairman of the Major Oil Marketers Association of…
Sterling Drifts Lower Vs Dollar, Rises Vs Euro; BoE Speeches In Focus
Sterling fell against a rebounding U.S. dollar on Wednesday but rose against the falling euro as traders looked to…
NBS: Nigeria Imported Almost Double Its Export In Q2
Nigeria’s trade deficit ballooned by 92 percent between the first and second quarter of 2020 on the back of…