CBN Reiterates Commitment To Tackling Cyber-Fraud
In a bid to tackle the increasing threats of cyber-attacks in the financial sector, the Central Bank of Nigeria (CBN)…
OPEC+ Fails To Agree On Output-Hike Delay Before Big Meeting
A panel of OPEC+ ministers couldn’t reach an agreement on whether to delay January’s oil-output increase, leaving the matter unresolved…
BDCs Now To Sell Dollars At N392$1
The Central Bank of Nigeria (CBN) has adjusted the exchange rate Bureau De Change (BDC) operators are to sell the…
Nigeria’s Half-Year Export Earnings Slump 37 Percent On Declining Oil Price
The decline in earnings was worsened by the impact of COVID-19 which dampened the global demand, plummeting crude oil prices…
Oil Prices Slip In Cautious Trade Ahead Of OPEC+ Meet
Crude oil prices fell on Monday, amid investor jitters ahead of a meeting of producer group OPEC+ to decide whether…
Naira Crashes To N500/$1 At Black Market As CBN Adjusts Exchange Rates
The Naira crashed again to an over 3-year low against the dollar, closing at N500/$1 at the parallel market. Forex…
Fear Of Further Devaluation Rife As Naira’s Slide Continues
The naira hit record lows at the weekend as market forces continued to force downward shift in Central Bank of…
IMF Seeks Unified Exchange Rate For Naira
THE International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to get the country a unified exchange…
Nigeria Weakens FX Rate For Exchange Bureaux To Ease Pressure On Naira
Nigeria’s central bank has weakened the naira by 1.5% to 390 per dollar for exchange bureaux, in an attempt to…
Trump Says His Election Challenges Probably Won’t Make It To The Supreme Court
President Donald Trump acknowledged his vanishing path to overturning the results of the 2020 election in court on Sunday during…
Stock Futures Fall As Wall Street Is Set To Wrap Up A Historic November
Stock futures dipped in overnight trading on Sunday as the market looks set to finish November with historically strong gains.…
Fauci Says Christmas And New Year’s Restrictions Will Be Necessary Due To Holiday Coronavirus Wave
Dr. Anthony Fauci, the nation’s top infectious disease expert, said on Sunday that the U.S. is heading into a difficult…
Biden Will Likely Require Walking Boot For Several Weeks After Fracturing Foot
President-elect Joe Biden will likely have to wear a walking boot for several weeks after suffering small fractures in his…
Nationwide Blackout In Nigeria As Electricity Grid Collapses
The Transmission Company of Nigeria (TCN) says the nation’s electricity grid on Sunday experienced multiple tripping, leading to the collapse…
Things Are Looking Up For Oil, But Opec Can’t Uncross Its Fingers Just Yet
Despite good vaccine news and price rises, the cartel could still meet a few bumps in the road – some…
Travel Agents In Mideast, Africa Say UAE Is Blocking Visas
DUBAI, United Arab Emirates (AP) — Travel agencies in countries across the Middle East and Africa say the United Arab…
Five Greek Sailors Held Hostage In Nigeria
In good health are five Greek sailors whose ship was attacked by pirates in Nigeria. The pirates took hostage of…
CBN Set To Screen Bank Workers For Competence
Bank workers are about to have their capabilities to work in the industry reviewed. This means that only those with…
China is more concerned by Biden than Trump, economist Jim O’Neill says
LONDON — Joe Biden’s presidency will be a bigger problem for the Chinese government than the nearly four years of…
Congress stalled on stimulus talks and time is running out as millions face a ‘benefits cliff’
Millions of jobless Americans are likely eyeing ongoing negotiations in Congress around a new coronavirus relief package with intense interest.…
Facebook’s Libra Crypto Gets Ready To Launch In January As A Single Coin
Facebook’s libra cryptocurrency is reportedly preparing to launch with a single cryptocurrency, a scaled-down version of its original plan. The…
CBN Devalues Naira, Fixes Dollar Sale At N392
The Central Bank of Nigeria (CBN) has devalued the Naira by N6 to Dollar. This brings the Naira closer to…
Biden’s lead increases in Wisconsin’s largest county after recount demanded by Trump campaign
A recount in Wisconsin’s largest county demanded by Republican President Donald Trump’s election campaign ended Friday with Democratic President-elect Joe…
Buhari To Roll Out Auto-Gas Scheme For Cars In December— Official
President Muhammadu Buhari will on December 1 roll out the auto-gas scheme in Abuja as the Federal Government moves to…
Naira To Now Trade At N392/$
The Central Bank of Nigeria (CBN) has directed bureau de change operators in the country not to sell dollars higher…
Nigeria: Apapa Gridlock To Disappear Q1, 2021 — NSC
The Nigerian Shippers’ Council on Friday said that the Council has set machineries in motion to put an end to…
Border Closure: Manufacturers Losing Market Share Daily
Manufacturers Association of Nigeria says its members are losing market share daily to other African countries due to the closure…
Naira Devalued, Now N390/$1 As Black Market (Wired) Hits N503/$1
Nairametrics can confirm that the exchange rate between the naira and dollar has depreciated to N390/$1. Nairametrics can confirm that…
CBN Devalues Naira By N6 In Move To Unify Exchange Rates
The Central Bank of Nigeria (CBN) on Friday devalued the naira by N6 to dollar. The naira devaluation has brought…
Qatar Airways Touches Down For The First Time In Abuja
Qatar Airways is pleased to announce it will operate three weekly flights from Abuja, Nigeria via Lagos, becoming the sixth…