OPEC+ Working On Compromise For 2021 Oil Policy, Sources Say
OPEC and Russia have moved closer to a compromise over oil supply policy for 2021 after talks earlier this week…
Dollar Plumbs Two-Year Lows As Stimulus, Vaccine Hopes Boost Risk Appetite
The dollar index hit its lowest in more than two years on Thursday, while the euro rose above $1.21 as…
Sterling Holds Above $1.34 But Derivatives Signal Brexit Unease
Sterling clung on to $1.34 on Thursday thanks to broad dollar weakness, but derivative markets were flashing red on doubts…
Nigerian Manufacturers Call For Review Of Border Closure
The Manufacturers Association of Nigeria (MAN) has urged the federal government to review its border closure policy and allow the…
Canadian Dollar Notches A Two-Year High On Higher Oil Prices
The Canadian dollar edged higher against its U.S. counterpart on Wednesday, as hopes rose that major oil producers will maintain…
Nigeria Resumes Petrol Importation From China
According to S&P Global Platts, data from the general administration of customs (GAC) of China showed that the country shipped…
UK Opens New Visa Routes For Skilled Workers
Applications for the new skilled worker visa by the UK opened on December 1 The United Kingdom (UK) has launched…
CBN Directs Banks To Close Naira Accounts For IMTO Proceeds
Following its new policy that grants unfettered access to forex from Diaspora and other money transfer remittances, the Central Bank…
Naira Trades N485/$1 At Parallel Market As CBN Interventions Lessens Pressure –
At the same segment, the domestic currency also appreciated by N5 against the Pound to wrap the day at N635/£1…
CBN Introduces New Bills To Control Liquidity
The Central Bank of Nigeria has said it has introduced special bills as part of efforts to deepen the financial…
Naira Gains, Exchanges For 490/$
Naira exchanged to the dollar at 490/$ in the parallel market on Wednesday, after it had sold for N500 on…
Exporters, Agents Lament Difficulties In Getting CBN Proceeds Number
Nigerian exporters have lamented the difficulties and undue stress in obtaining the Nigerian Export Proceeds Number, a new procedure introduced…
OPEC+ Resumes Talks On 2021 Oil Policy Amid Disagreements
OPEC and Russia resume talks on Thursday in a bid to define policies for 2021 after an initial round of…
New CBN Policy Firms Up Naira Value In Parallel Market
The Nigerian currency, Naira, yesterday reversed its two weeks depreciation trend in the parallel market, recording N20 gain against the…
Nigeria Oilfield Sale To Eni, Shell Was Legally ‘Perfect’, Says Ex-Oil Minister Lawyer
The sale of a Nigerian oilfield to Eni and Royal Dutch Shell was legally “perfect” and there was no proof…
Sterling At One-Month Low Vs Euro As Brexit Trade Deal Doubts Emerge
Sterling fell to a one-month low against the euro and also dipped momentarily below $1.33 on Wednesday as Britain and…
Dollar Falls To Fresh 2-1/2-Year Low On U.S. Stimulus Bets
The safe-haven dollar sank to a fresh 2-1/2-year low in choppy trading on Wednesday, pressured once again by expectations of…
Nigerian Port Authority’s E-Call Up System Could Help Solve Apapa Gridlock
The Nigerian Ports Authority has finalised plans to implement the electronic call-up system to control the entry of trucks into…
Pope Condemns ‘Terroristic Massacre’ Of Nigerian Farmers
Pope Francis condemned on Wednesday the killing of scores of farmers and villagers in northeast Nigeria by suspected Islamist militants…
Stock Market Extends Gains By N55bn
Nigerian stock market sustained its positive outlook on Tuesday to begin the month of December on a positive note as…
Fitch Ratings: Forex Liquidity Risk May Affect Credit Rating Of Nigerian Banks
Fitch Ratings, a global credit rating agency, predicts a risk in the rating of Nigerian banks due to foreign currency…
Terrorism: Don’t Unfreeze #EndSARS Campaigners’ Accounts, CBN Begs Court
THE Central Bank of Nigeria has asked Justice Ahmed Mohammed of a Federal High Court in Abuja not to unfreeze…
Pound Jumps As Traders Look For Endgame To U.K.-EU Trade Talks
The pound rallied the most in more than a week, as speculation grows British and European officials are getting closer…
Naira Appreciates At N490/$1 In Parallel Market After New CBN Policy
This is coming a day after it weakened at N500 to the dollar in the parallel market. The CBN had,…
Diaspora Remittances, Domiciliary Accounts Become Battlegrounds For Nigeria’s FX Crisis
Truth is no one will gladly send a dollar to Nigeria at N390 if he or she can get N490-500…
Businesses Need Lower Interest Rates To Kick-Start Recovery
Creaking grid: Electric wires in Ojuelegba district in Nigeria’s commercial capital Lagos, June 18, 2018. REUTERS/Akintunde Akinleye Nigeria’s government needs…
Ivory Coast Struggles To Sell Cocoa Amid Dispute Over Farmer Premium
Ivory Coast has not sold up to 15% of cocoa from its ongoing main crop, while the vast majority of…
Threats, Detentions And Frozen Assets: Nigeria’s Protesters Depict Pattern Of Intimidation
At 7 a.m. on a recent Saturday, Onomene Adene received a call from a man whose voice she did not…
Musk to Tesla employees: ‘Our stock will immediately get crushed like a souffle under a sledgehammer!’ if we don’t control costs
Tesla CEO Elon Musk sent an e-mail to employees on Tuesday warning them that they need to control their spending…
Japan Makes COVID-19 Vaccine Free For Residents
Japan on Wednesday enacted a law to cover the cost of vaccination against COVID-19 for residents. Amid rising hopes for…