Excitement As New Diaspora Remittances Policy Takes Effect Today
There is palpable excitement among Forex users as the Central Bank of Nigeria’s (CBN) new policy that allows unhindered access…
4th Mainland Bridge: Less Than 800 Houses Will Go, FG, LASG Insist
The Federal and Lagos State governments Thursday insisted that less than 800 houses might be demolished to pave way for…
Nigeria’s Currency Woes Has The CBN Fussing Over Remittances
It is no big reveal that Africa’s largest economy, Nigeria, is the sixth biggest remittance recipient in the world. Last…
Nigeria’s Diaspora Remittance Inflows Could Rise To $2bn Monthly
Abuja — The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has said that following the introduction of the…
Nigeria Banks To Start FX Payout Under New Diaspora Remittance Rules
Nigerian banks will on Friday commence dollar payout for diaspora inflows and close naira remittance accounts after the regulator eased…
Naira Appreciates To N470/$1 At Parallel Market
The Naira’s fighting spirit continued on Thursday and at the close of business, it finished stronger against the United States…
Capital Inflows Into The Economy To Remain Weak — LCCI
ECONOMY The Lagos Chamber of Commerce and Industry (LCCI) has predicted that capital inflows into the Nigerian economy will remain…
Central Bank Of Nigeria Governor Decries The Use Of Parallel Exchange Rate As Citizens Switch To Crypto
The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the embrace of the parallel market exchange rate…
OPEC, Allies Agree To Increase Output By 500,000 Barrels A Day In January
OPEC and a group of Russia-led oil producers agreed to increase their collective output by 500,000 barrels a day next…
Western Union, MoneyGram, Others To Start Payment Of Forex Remittances To Nigerians Friday — CBN
International money transfer operators (IMTOs) and commercial banks in the country have agreed to start paying beneficiaries of diaspora remittances…
Nigeria Needs $3tn To Bridge Infrastructure Gap
The Vice President, Prof. Yemi Osinbajo, on Thursday, said Nigeria requires about $3tn over the next 30 years to bridge…
‘This Is Going To Be Challenging:’ How The UK Will Roll Out Pfizer’s Coronavirus Vaccine
The U.K. was the first country in the world to approve Pfizer and BioNTech’s groundbreaking coronavirus vaccine on Wednesday for…
Heathrow To Start Charging £5 For Airport Drop-Off
BY Harry S. Johnson Heathrow has announced it is exploring a proposal to implement a Forecourt Access Charge (FAC) for…
Nigerians Will Witness More Breakthroughs In Oil, Gas Sector In 2021 – Sylva
The Minister of State for Petroleum Resources, Timipre Sylva, on Thursday, assured that the country will record more outstanding results…
CBN Targeting $2bn Diaspora Remittances Monthly, Says Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Thursday said the target of the CBN was for…
OPEC And Allies Agree To Gradually Increase Production After Days Of Discussions
LONDON — OPEC and non-OPEC allies, after days of tense discussions, agreed on Thursday to increase production by 500,000 barrels…
Nigeria Rakes In N7.8tr From Company Income Tax In 6yr
Nigeria has generated a total of N7.8 trillion from company income tax (CIT) from January 2015 till end of last…
Nigeria’s Central Bank Launches Special Bills To Manage Liquidity
Nigeria’s central bank has introduced special bills to manage excess liquidity on the money market awash with naira after foreign…
AFRICA-FX-Kenyan, Ugandan Currencies Seen Stable, Zambian Weaker
Kenya’s and Uganda’s currencies are expected to remain stable in the coming week. Zambia’s is expected to be under pressure…
Court Orders Final Forfeiture Of N235.4m Traced To Invictus Group CEO, Obiwanne Okeke
The Federal High Court Sitting in Lagos has ordered the final forfeiture to the Federal Government, the sum of N235,…
CBN Eyes $2bn Monthly Diaspora Remittance To Boost Economy
Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Thursday said that the apex bank was eyeing close to…
NNPC: $21bn NLNG Funds Legally Withdrawn
The Nigeria National Petroleum Corporation (NNPC) has said that the withdrawal of over $21 billion from the Nigeria Liquefied Natural…
$24bn Remittances: How Money Transfer Operators Sabotage Naira – Emefiele
DESPITE an estimated annual diaspora remittance of $24 billion, international money transfer operators (IMTO) have been shortchanging recipients by delivering…
We Are Working On Diezani’s Extradition, EFCC Tells Court
The Economic and Financial Crimes Commission (EFCC) told a Federal High Court in Abuja on Thursday that it has taken…
Stable Oil Prices Won’t Resolve Nigeria’s Economic Challenges’
An investment expert and Chief Executive of EFG Hermes Nigeria Limited, Lilian Olubi, has said that rising oil prices would…
UN Removes Marijuana From List Of World’s Most Dangerous Drugs
A United Nations commission voted to remove marijuana for medicinal purposes from a category of the world’s most dangerous drugs.…
$53m Foreign Airlines’ Funds Trapped In Nigeria
Foreign airlines trapped funds in Nigeria currently stand at $53 million, according to the International Air Transport Association (IATA). The…
A New Visa Credit Card Offers Bitcoin Rewards Instead Of Miles Or Cash
a Inc. is partnering with cryptocurrency startup BlockFi to offer a credit card that rewards purchases with Bitcoin rather than…
Dollar Is Dropping To Multi-Year Lows Against Peers, One By One
The dollar is steadily moving down the pack of the world’s currencies in December. The euro, the Australian and Canadian…
US Soybean Export Council To Establish Excellence Centres In Nigeria
The United States Soybean Export Council (USSEC), the American Soybean Association’s World Initiative for Soy in Human Health (ASA/WISHH) and…