Imminent Supply Can’t Weaken Demand For Euro Zone Bonds
Government bond yields in the euro area held near recent lows on Tuesday, with even hefty supply failing to put…
UK Jobless Rate Hits 4.5% As Work-Protection Plan Nears End
Britain’s unemployment rate rose by more than expected in the three months to August, before the end of the…
Dollar Bounces Back, Yuan Slips After China Appears To Keep A Tab On Its Currency
The dollar bounced back from a three-week low on Tuesday as market players bought it back, particularly against…
FGN Proposes Unprecedented Deficit To Drive Economic Recovery
2021 Budget of Economic Recovery and Resilience
President Muhammadu Buhari presented the 2021 proposed budget,…
Protesters Invade Police Station, Release Kidnap Suspects
The protest turned violent in the Surulere area of Lagos as protesters besieged the Anti Kidnapping Unit of the…
IMF And World Bank Must Lend More To Africa’s Stricken Economies, Critics Say
Multilateral institutions like the World Bank and the IMF have come under fire from African ministers and…
Nigeria’s 2021 Budget Of Economic Recovery And Resilience
Following the approval of the 2021 - 2023 Medium-Term Expenditure Framework and Fiscal Strategy Paper, President…
A Budget Of Many Spurious Assumptions
Increasingly, Nigeria’s yearly appropriations are gaining more weight. The 2021 estimate President Muhammadu Buhari…
Leverage Agriculture To Boost Foreign Exchange Earnings, NBCC President Advises
President of the Nigerian-Belgium Chamber of Commerce (NBCC), Timi Austen-Peters, has said that the potential in…
Liverpool Businesses Ordered Shut As ‘Traffic Light’ Lockdown System…
Pubs and bars in Liverpool face closure from Wednesday, after UK prime minister Boris Johnson announced tougher new…
Naira Gains N8 As Equities Make N778bn
THE naira appreciated by N8 in the last one week at the parallel market and the equities market recorded major…
Oil Prices Fall As Supply Concerns Ease
Oil prices fell on Monday as force majeure at Libya’s largest oilfield was lifted, a Norwegian strike affecting…
FEC Approves $3.02bn Port Harcourt/Maiduguri Railway Project
Oil prices fell on Monday as force majeure at Libya’s largest oilfield was lifted, a Norwegian strike affecting…
FG Extends Suspension Of New Electricity Tariff By One Week
The federal government and the organised labour last night resolved to extend the suspension of the new electricity…
Apapa Gridlock: Maritime Workers Issue 21-Day Ultimatum, Threaten Strike
The Maritime Workers Union of Nigeria has identified four shipping companies responsible for the gridlock caused by…
Retirement Age Increase Worsens Youth Unemployment –ABCON
The Association of Bureaux De Change Operators of Nigeria has cautioned the government against increasing the…
Currency Slump Inducing Cryptocurrency Transaction In Africa
At a time like this when the global pandemic has put more countries than ever imagined in a state of economic…
Exporters Call For Payment Of N200bn Outstanding EEG Debt
The Manufacturers Association of Nigeria Export Promotion Group (MANEG) has called on the Federal Government to pay…
FACAN Rallies To Unban Nigeria From EU
THE President, Federation of Agricultural Commodity Associations of Nigeria (FACAN), Dr Victor Iyama, has urged for…
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?…