Economic Data Puts The Loonie, The Pound, And The EUR In Focus
It’s was a busy start to the day on the economic calendar this morning. The Japanese Yen and the Aussie…
Nigeria To Resume Fuel Imports From Niger Republic
Nigeria, Africa’s biggest oil producer, is set to resume the importation of petroleum products from a neighbouring country, Niger Republic.…
Oil Rises, Set For Weekly Gain, On Covid-19 Vaccine Optimism
Oil rose, heading for a third weekly gain, as positive Covid-19 vaccine developments offered bulls encouragement about the market’s prospects…
Canadian Dollar Gains On Stimulus Hopes But Sticks To Recent Holding Pattern
The Canadian dollar rose against the greenback on Thursday as the prospect of renewed U.S. economic stimulus talks bolstered investor…
Nigeria: Customs Decries Smuggling Activities In Niger, Kwara Communities
Nigeria Customs Service (NCS) has listed some communities inKwara and Niger as notorious for smuggling activities over the years. The…
FG Urged To Tackle Multiplicity Of Inspection, Shipping Charges
To ensure the drive by the federal government to boost exports succeeds, the government has been urged to simplify the…
Nigerian High Commission Seeks Release Of 12 Nationals From Meghalaya Jails
An official of the Home (Prisons) Department said that at least 12 Nigerian nationals are presently lodged in Shillong and…
Nigeria’s Yemi Edun Listed Among Britain’s Most Influential Black People
Nigerian-born London property expert and acquisition agent, Yemi Edun, was Tuesday named among one of the UK’s Most Influential Black…
Financial Inclusion: Ray Of Hope As CBN Licenses PSBs
Bank account ownership is quite compulsory in many developed countries of the world. Research shows that nearly half of the…
Lagos Free Zone To Boost Nigeria’s GDP By Two Per Cent
BUSINESS Experts have expressed confidence that the Lagos Free Zone (LFZ) has the capacity to contribute around two percent of…
Survey: Nigerians Expect Weaker Economy If Inflation Rises Faster —CBN
The Central Bank of Nigeria has said more than 60 per cent of Nigerian households it surveyed in September believed…
NNPC Set To Grow Crude Reserves To 40bn Barrels
The Nigerian National Petroleum Corporation (NNPC) has assured of its resolve to grow the nation’s hydrocarbon reserves to 40billion barrels…
Rising Inflation, Forex Demand Push Naira To N478/$1 At Parallel Market
The naira on Thursday depreciated to N478 to dollar at the parallel market as importers and manufacturers push unmet foreign…
Value Of Naira Sinks To N480/$1 At Black Market
According to data obtained by Business Post from AbokiFX, a platform that tracks the Naira exchange rate at the black…
Nigeria: Terminal Operators Assure NPA Of Support
The Seaport Terminal Operators Association of Nigeria (STOAN) has promised to support the Nigerian Ports Authority (NPA) in replacing some…
Dollar Halts Slide As Mnuchin Calls Time On Emergency Funds
The dollar halted its slide on Friday after U.S. Treasury Secretary Steven Mnuchin called an end to some of the…
UK May Ease Christmas Rules As COVID Cases Start To Flatten, Minister Says
There are signs that coronavirus cases in Britain are starting to flatten as a result of current lockdowns, health minister…
Naira Sinks To 620 Against Pound, Euro Rises
The naira tumbled to 620 against the British pound sterling at the parallel market on Thursday, even as the euro…
Nigeria Police Launch Cybercrime Reporting Portal, Nab 3, Uncovers 50,000 Fraudulent Emails, Passwords
The Nigeria Police Force (NPF) has unveiled a cybercrime reporting web portal: https://incb.police.gov.ng/ as part of efforts at ensuring ease…
CBN List Requirements For Third Party Participation In Buying Forex Routed Through Form
The Central Bank of Nigeria (CBN), in a new circular, has clarified its position on the removal of third parties…
Nigeria Spends $500m Annually Importing Palm Oil, Says FG
Officials from the Federal Ministry of Agriculture and Rural Development, states, agencies and non-governmental organisations on Thursday said Nigeria was…
Nigeria: Slashing Import Duty On Vehicles Will Increase Unemployment
Government’s plan to slash import duties and taxes on tractors, buses and passenger vehicles will increase unemployment, Peugeot Automobile Nigeria…
Nigeria Sliding Into Bankruptcy, Says Secondus
National chairman of the Peoples Democratic Party, PDP, Prince Uche Secondus has said Nigeria under the watch of President Muhammadu…
Nigeria Denies CNN Report Saying Army Killed Protesters
Nigeria dismissed an investigative report by CNN alleging that its security forces killed unarmed protesters last month in the country’s…
Dollar Batters Naira Further
The Nigerian Naira was battered further today by the US dollar and other currencies as it crashed to N478 in…
Nigeria Threatens To Sanction CNN Over Investigation And Denies Security Forces Shot At Protesters
Protesters Victor Sunday Ibanga, left, and Wisdom Okon. Their families say they haven’t seen them since the protest on October…
‘Nigeria’s Unemployment Deadlier Than Covid-19, Boko Haram’
The 1993 Presidential Aspirant under the defunct National Republic Convention (NRC), Alhaji Lema Jibril, has said that the challenge of…
Jeff Bezos Just Became The Latest Big Tech Name To Invest In An African Fintech Startup
Over the past five years, high-profile visits to African tech ecosystems by Facebook CEO Mark Zuckerberg, Twitter CEO Jack Dorsey,…
Weekahead-Africa FX – Nigeria’s Naira And Kenya’s Shilling To Weaken
Nigeria’s naira and the Kenyan shilling are expected to lose value against the dollar in the week ahead as demand…
Oil Prices Slip As New Wave Of COVID-19 Cases Weigh On Outlook
Oil prices dipped on Thursday as a surge in coronavirus cases and tighter pandemic restrictions around the world weighed on…