ABCON: $35.6b Foreign Reserves Enough To Defend Naira
The $35.6 billion foreign exchange reserves is enough to protect naira against attacks by currency speculators forcing the local currency…
Second Recession In 5 Years: Urgent Need For Robust Fiscal And Investment Policies
The GDP numbers released on Saturday (November 21) confirmed that Nigeria has officially fallen into a recession. The economy shrank…
Brexit – Talks Are Set To Resume By Friday As The Pound Inches Towards $1.34
Brexit talks are set to resume later this week after both sides had agreed to suspend talks. A member of…
CBN Flays Those Using Parallel Market Rate To Push For Naira Devaluation
Those using parallel market rate to put pressure on the Central Bank of Nigeria (CBN) to devalue the Naira won’t…
Trump Imposes $15,000 Visa Bond For Visitors From Nigeria, Others
A new temporary rule that could require tourist and business travellers from a dozen African countries, including Nigeria, to pay…
Elon Musk Overtakes Bill Gates To Become World’s Second Richest Man, Now Worth $128 Billion
Elon Musk, founder of the most sought automaker company, Tesla, has just hit a new apex by surpassing Microsoft founder,…
Cash Cards For Kids – Digital Banks Race To Capture The Next Generation
When John Hibbs’ daughter Xanthe received her first bank card in the mail, the six-year-old spent the next week Googling…
CAMA to be implemented from January 1, says CAC
The Corporate Affairs Commission (CAC) says it will begin the implementation of Companies and Allied Matters Act (CAMA) on January…
Minimum wage earners to be exempted from tax payment – Buhari
THIS is good news for minimum wage earners in the country. They will in no distant time be exempted from…
Modular Refinery As Game Changer For South-East
From the Ibigwe refinery of Waltersmith Petroman expected to be inaugurated this week, Nigeria’s five south eastern states can comfortably…
Biden To Name Yellen To Treasury To Lead U.S. From Sharp Economic Downturn
President-elect Joe Biden is expected to nominate former Federal Reserve Chair Janet Yellen as U.S. Treasury secretary, breaking a 231-year…
Ghana is running out of fiscal space after its debt-to-GDP ratio reached 71%, says Central bank
Ghana is running out of fiscal space as its debt-to-GDP ratio reached 71% by Sept. 30, the highest in nearly…
Yemi Edun named among Britain’s most influential black people in the new powerlist
London property expert and acquisition agent, Yemi Edun, on Tuesday was named as one of the UK’s most influential black…
How African Trucking Firms Are Trying To Make Everything Cheaper
Getting products from manufacturers to market can be a slow and expensive process in Africa. But a new generation of…
Investors Commit Billions At Lagos Free Zone In Nigeria
Lagos Free Zone (LFZ) ( www.LagosFreeZone.com ), the first privately owned special economic zone in Nigeria with an integrated deep…
Bitcoin Pierces $19,000 For First Time Since 2017
Bitcoin surpassed $19,000 for the first time since 2017 as the mania over digital currencies continues to grip Wall Street.…
Nigeria: COVID-19 Caused Recession – Buhari
As Nigeria slips into recession for the second time in five years, President Muhammadu Buhari, says it came about because…
Nigeria Government Plans To Only Buy Locally Assembled Cars
Nigeria plans to introduce a policy for government to buy only locally assembled cars in a bid to increase the…
Aussie And Euro Gain As U.S. Transition Goes Ahead; Kiwi Jumps
Risk-oriented currencies including the Australian dollar and the euro rose on Tuesday after U.S. President Donald Trump accepted the start…
Naira Plunges Further, Exchanges For 483/$ Over Speculation
The naira exchanged to the dollar for 483 in the parallel market on Monday. This was despite the regular interventions…
Bitcoin Nears N9m As Naira Gains N1 Against Dollar At Parallel Market
Business Post gathered from Quidax, a platform used for trading cryptocurrencies in Naira, that six other digital currencies tracked equally…
World Bank Predicts Nigeria’s Per Capita Income May Hit 40-Year Low
Nigeria’s per capital income in 2020 could decline to its lowest level in 40 years, the World Bank Country Director…
UK Leader To End England’s Coronavirus Lockdown On Dec. 2
LONDON — British Prime Minister Boris Johnson has announced plans for strict regional measures to combat COVID-19 after England’s lockdown…
China Is Set To Eclipse America As World’s Biggest Oil Refiner
Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries…
Inside Illicit Trade In West Africa’s Oldest Artworks – Part 1
Outside it has become night. In front of the windows of one of Abuja’s grandest hotels, the pool shines turquoise…
Goldman Says Saudi Peg ‘Here To Stay,’ Though At Cost To Economy
Saudi Arabia is sacrificing non-oil economic growth with fiscal policies designed to ensure its currency peg’s stability during a period…
Busy Week For U.S. Economy Builds To Black Friday: Eco Week
The holiday-shortened week in the U.S. will be a packed one for economic data, while Federal Reserve meeting minutes will…
Canada Losing Billions Of Dollars To Offshore Tax Havens
Canada is losing $7.9 billion dollars to tax havens, according to a new study timed ahead of the G20 leaders…
Nigeria Officially Slides Into Worst Recession Since 1987
The Nigerian economy has slipped into its second recession in five years after the gross domestic product contracted the second…
Nigeria: Train 7 To Create 52,000 Jobs, Says NLNG
The Managing Director and Chief Executive Officer of the Nigerian Liquified Natural Gas, Tony Attah, has said that at least…