Dr. Scott Gottlieb sees Covid vaccine in ‘rationing type of environment’ well into the spring
Dr. Scott Gottlieb told CNBC on Wednesday the availability of coronavirus vaccine doses is likely to be limited in the…
Naira Reverses Loss, Trades At N470/$
It is currently trading at N470 to the dollar. The naira, which had previously exchanged at N500/$, strengthened after the…
CBN Directs Banks To Close Naira Ledger Accounts For IMTO
The Central Bank of Nigeria (CBN) has directed banks in the country to close all naira ledger accounts opened specifically…
Delay In Vaccine Rollout Is The Top Risk To The Economic Recovery, ECB Member Says
LONDON — A potential delay to the distribution of coronavirus vaccines is the biggest risk facing the economic recovery in…
Oil Holds Steady With OPEC Working To Bridge Gaps On Policy
Oil held steady in New York, with OPEC and its partners engaging in a diplomatic push to agree on output…
Minister Assures Investors Of Forex In Machinery Procurement
The Federal Government on Monday assured local raw materials investors that they will be given priority in foreign exchange (forex)…
Govt Assures Investors Of Access To Forex For Machinery Importation
The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo has assured investors using local raw materials that the federal…
CBN Issues Fresh Directives On Foreign Currency Payment Of Diaspora Remittance
The Central Bank of Nigeria CBN) has issued fresh directives to International Money Transfer Operators (IMTOs) on foreign currency payment…
Sterling Slips Below $1.34 As Brexit Trade Deal Doubts Emerge
Sterling dipped below $1.34 as doubts resurfaced over whether Britain can seal a post-Brexit trade deal with the European Union,…
Nigeria’s Biggest Bank In Talks To Buy Atlas Mara Assets
Nigeria’s biggest bank is in talks about a potential acquisition of assets belonging to Bob Diamond’s Atlas Mara Ltd. to…
Dollar Rises From Two-And-A-Half-Year Lows, Risk Currencies Retreat
The dollar rose from a two-and-a-half-year low on Wednesday as investors assessed the likelihood of further fiscal stimulus in the…
CBN Introduces Special Bills To Deepen Financial Market
The Central Bank of Nigeria (CBN) will make N250 billion available for infrastructure funding in a bid to expand gas…
Dollar Savers Offload Deposits As Naira Exchanges For N490/$
The naira on Tuesday recorded significant gains against the dollar. The local currency’s appreciation against the greenback came a day…
Naira Depreciates At I&E On 379.6% Jump In FX Demand
The Naira slid by 0.96 per cent or N3.75 against the US Dollar at the Investors and Exporters (I&E) window…
Will I Need A Visa To Go To The EU After Brexit?
With less than a month before the end of the Brexit transition period, there are still many uncertainties about the…
FX Inflows: CBN Enables Cash Withdrawal In Foreign Currencies
In order to bridge the wide exchange rate between the legalised foreign exchange (forex) markets and the parallel market, the…
CBN Releases Banks’ Excess CRR To Spur Economic Recovery
As part of efforts to support economic recovery and propel the quest to return to the growth path, the Central…
Customs Explains Multiple Import Counter-Check System
COORDINATOR of the Comptroller General of Customs Strike Force Zone ‘A’, Ahmadu Bello Shuaibu, has said the Service’s four layer…
Trump Sues To Reverse Biden Win In Wisconsin
President Donald Trump’s campaign filed a lawsuit Tuesday in Wisconsin seeking to invalidate President-elect Joe Biden’s win there, the latest…
AfCFTA – Nigeria Can Ban 10% Of Sensitive Goods, Others At Borders
Lagos and Abuja — In spite of the African Continental Free Trade Area (AfCFTA) starting in January, Nigeria has the…
Nikola founder Trevor Milton can sell his 91.6 million shares starting Tuesday as insider lockup period expires
Ousted Nikola founder and Chairman Trevor Milton is the company’s largest shareholder with more than a fourth of the start-up’s…
Nigeria’s Oil Rig Count Dips By 30% In One Month
Nigeria’s active rig count has dropped significantly by 30 per cent to seven in October 2020 as against 10 recorded…
Euro Near Three-Month High As Dollar Takes A Hit; Bitcoin At New High
The euro was close to a three-month high on Tuesday as the U.S. dollar fell on expectations of more monetary…
Crash In Money Market Instruments Triggers N2.3tr Gain
Investors on the Nigerian Stock Exchange (NSE) gained N2.3 trillion in November, as the market recorded its best monthly appreciation…
Buhari Asks Nigerians To ‘Embrace Gas As Alternative To Fuel’
The President made this call on Tuesday during the unveiling of the National Gas Expansion Programme and National Autogas Roll-out…
First Virtual Trade Mission For UK-Africa Legal Services
stry of Justice’s Legal Services are GREAT (LSAG) campaign, it will promote the UK’s prestigious legal sector to some of…
Nigeria To Push CNG As Alternative Transport Fuel, Reduce Reliance On Gasoline
London — Nigeria has started the roll out of compressed natural gas (CNG) as a key transport fuel as part…
FG, Egyptian Firm Sign Pact To Invest In Gold Mining
The Federal Government and Messrs La Mancha Incorporated, a leading Luxembourg Incorporated Private Gold Development and Mining Company in Cairo,…
Federal Reserve Says Key Bank Lending Rate Will Be Phased Out By June 2023
An interest rate that banks around the world use as a benchmark for short-term borrowing will be phased out and…
2016 REPOST: Nigeria’s Case Study On How Not To Float Your Currency
Rumors of rate fixing. Scarcity of foreign exchange. A widening gap between the official rate and the runaway blackmarket. Nearly…