Emefiele, Others Support New Payment Settlement Initiative
The interim Governing Council of the Pan-African Payment and Settlement System (PAPSS) held its inaugural meeting in Cairo, recently, a…
Three Arrested In Multimillion Invoice-Redirect Fraud Investigation
Gardaí investigating a major crime network based in Ireland, and abroad, that has scammed millions of euro from victims of…
Nigerian Airlines Attribute High Fares To Exchange Rate
Some of the Nigerian airlines say they won’t be able to fund their operations if they don’t increase the fare.…
Nigeria’s Oil Industry To Get Lift From SHI Offshore Technology Investment
Despite the slump in crude oil prices, which may push the oil majors and minors to defer projects, the global…
Recession – Nigeria In Need Of Expansionary Economic Policy
Recession is a function of a country’s Gross Domestic Product (GDP); which is defined as the cumulative value of all…
Petrol Price May Hit N180 As Oil Nears $50
The pump price of Premium Motor Spirit, popularly known as petrol, may hit N180 per litre this month, according to…
Nigeria: Non-Performing Loans Have Dropped Due To GSI
The Acting Managing Director of FirstCentral Credit Bureau and Chairman of Credit Bureaus Association of Nigeria, Mr. Oladimeji Peters, in…
FG To Reduce Petrol Price By N5 From Monday
The Federal Government has agreed to slash the pump price of Premium Motor Spirit (PMS), known as petrol, by N5…
Mastercard Sees Vaccine News Speeding Up Return To Office
Mastercard Inc.’s incoming chief executive officer said promising data on coronavirus vaccines could mean the firm is able to bring…
Oil Drops Toward $45 With Virus Surge Tempering Vaccine Optimism
Oil fell for a second day as near-term demand risks due to a resurgent pandemic tempered optimism over the prospect…
Dollar Gains Ground On U.S. Stimulus Hopes
The dollar edged a little higher on Tuesday morning in Asia, keeping the momentum from overnight. The surge in COVID-19…
Brexit: Pound Recovers Ground As Johnson Sets Talks In Brussels
The pound has fallen against the euro and the dollar, as traders reacted to the growing prospect of a no-deal…
Why Pound Traders Are Optimistic About Brexit
Hope springs eternal. U.K. Prime Minister Boris Johnson is packing his bags for Brussels to meet with European Union leaders…
Factbox-Britain Begins Rollout Of Pfizer’s COVID-19 Vaccine
Britain will start rolling out the COVID-19 vaccine developed by Pfizer and BioNTech on Tuesday, the first Western country to…
US Adds Nigeria To Religious Freedom Blacklist
The United States on Monday placed Nigeria for the first time on a religious freedom blacklist, paving the way for…
Fresh Pressure Mounts On Naira, Trades N482/$1 At Black Market
During the trading session, the local currency depreciated by N7 to sell for N482/$1 in contrast to the previous session’s…
‘New Policy On Diaspora Remittances ‘Ll Halt Naira Slide’
The Central Bank of Nigeria (CBN) has continued to receive commendations for the reintroduction of the policy which allowed beneficiaries…
FG To Generate $30bn From 22 Major Products On Export
Federal Government has said it is working assiduously to boost the country’s non-oil revenues having rolled out export policies for…
Nigeria Resumes Fuel Import From China
According to data from the General Administration of Customs as obtained by S&P Global Platts, the Asian country shipped 37,000…
Buhari Renominates Kuru As MD Of AMCON; Appoints New Heads For NDIC
President Muhammadu Buhari has renominated Mr Ahmed Kuru as Managing Director and Mr Eberechukwu Uneze and Mr Aminu Ismail as…
December 2020 FGN Savings Bonds Offer For Subscription
Pursuant to the Debt Management Office (Establishment) Act 2003 and the Local Loans (Registered Stock and Securities) Act, CAP. L17,…
China Hands Out $3 Million Of Digital Yuan As JD.Com Becomes First Online Platform To Accept It
GUANGZHOU, China — Chinese e-commerce firm JD.com said it has become the first online platform to accept the country’s digital…
Nigerians Must Embrace Production To Grow Economy —Emefiele
Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said Nigeria must return to the golden era age…
190,000 Applicants Jostle For 9,460 NIS, NSCDC Jobs
About 190,000 applicants are jostling for 9,460 job slots at the Nigeria Immigration Service and the Nigeria Security and Civil…
Oil Falls On Surging Virus Cases And U.S.-China Tensions
Oil prices slipped on Monday as the positive impact from COVID-19 vaccines and an OPEC+ deal on oil production cuts…
CBN Charges Nigerians On Lower Appetite For Foreign Goods
The Central Bank of Nigeria (CBN), yesterday, advised Nigerians to moderate their taste for foreign goods with a view to…
Norway’s DNB Faces $45 Million Fine Over Money Laundering Compliance Work
DNB, Norway’s biggest bank, could be fined 400 million Norwegian crowns ($45.4 million) by the country’s financial regulator (FSA) for…
CBN Defines Chief Compliance Officers’ Role In Banks
The Central Bank of Nigeria (CBN) has approved new requirement for the appointment of chief compliance officers (CCOs) by banks.…
Brexit Crunch Time As EU And UK Still Divided Over Trade Deal
Brexit trade talks hung in the balance on Monday as Britain and the European Union made a last-ditch attempt to…
Tumbling Naira: Resolving Nigeria’s Balance Of Payment Deficit
Domiciliary accounts and remittances have emerged as twin touchy issues in the management of Nigeria’s foreign exchange market (forex). And…