Nigeria, Niger Sign Agreement On Petroleum Products
The MoU was reached following bilateral agreements between President Muhammadu Buhari and President Mahamadou Issoufou of Niger. The federal government…
Qatar Airways To Launch Three Weekly Flights To Abuja, Nigeria From 27 November
Launch of Abuja flights will increase Qatar Airways’ network in Africa to over 65 weekly flights across 20 destinations Passengers…
Anger As FG Eyes N200b ‘Idle’ Funds
Shareholders, economists and securities expert have reacted angrily to Federal Government’s plan to plough N200 billion unclaimed dividends into its…
Money Market Crash Triggers Largest Daily Gain In Five Years
Declining interest rates in the fixed income market triggered massive rally on the equities sector of the Nigerian Stock Exchange…
UK Petrol Car Ban Threatens Nigeria’s Oil Sales
Except the country finds new buyers, the plan to ban petrol and diesel vehicle sales by the United Kingdom government…
Diversification, Infrastructure Remain Key To Nigerian Economic Outlook’
The extent of diversification of Nigeria’s economy and revenue sources and the development of infrastructure would determine the sustainable economic…
Nigeria Should Sanction CNN For Report On Shooting Of Protesters – Minister
Nigeria should sanction CNN for a report that the country’s military shot and killed protesters demonstrating against police brutality, a…
Absence May Make Eurobond Investors Fonder Of Africa Issuers
Africa’s notable absence from the rush to the sell Eurobonds this month is set to change as the largest economies…
All The Bitcoin Lingo You Need To Know As Crypto Heats Up
Bitcoin’s back, baby. The best-known and largest cryptocurrency has gained more than 130% in pandemic-ravaged 2020 and in November surpassed…
Attack Of The Debt Tsunami’: Coronavirus Pushes Global Debt To Record High
The coronavirus crisis pushed global debt levels to a new high of over $272 trillion in the third quarter, the…
FEC Approves Finance Bill, Says No Tax Increase
The Federal Executive Council on Wednesday approved the 2020 Finance Bill for subsequent transmission to the National Assembly. The decision…
ECB Can’t Go Bankrupt Even It Suffers Losses
The European Central Bank could “neither go bankrupt nor run out of money” even if it were to suffer losses…
Manufacturing Sector Recovers After Six-Month Contraction
The nation’s manufacturing sector has snapped out of the doldrums after contracting for six straight months, a new survey by…
Nigeria: Manufacturing PMI Stages Recovery In November
The Central Bank of Nigeria’s (CBN) Manufacturing Purchasing Managers’ Index (PMI) stood at 50.2 index points in November, indicating recovery…
Dollar Loses To Euro As Payment Currency For First Time In Years
The euro was the most used currency for global payments last month, the first time it has outpaced the dollar…
Naira Weakens Further As Dollar Sells For 478
The naira extended its decline on Wednesday at the parallel market as the United States dollar was sold for N478.…
Nigeria: 2021 Budget Report Ready On Dec 3
The Senate Committee on Appropriation on Wednesday promised to submit the harmonised version of the 2021 budget at plenary on…
Why CBN Licensed Payment Service Banks
Bank account ownership is quite compulsory in many developed countries of the world. Research shows that nearly half of the…
Sterling Pushed Up By Weaker U.S. Dollar, Hopes Of Brexit Deal
Sterling traded at a one-week high on Wednesday, helped by a weaker U.S. dollar and by hopes that Britain will…
Sliding Dollar Steadies As Virus Worries Persist
The dollar nursed losses on Thursday following five sessions of declines as investors’ longer-term optimism about COVID-19 vaccines ran in…
Nigeria Needs 19 Million New Jobs Yearly
The Chairman of the Presidential Economic Advisory Council, Prof. Doyin Salami, has said Nigeria needs to create 19 million jobs…
Investors Gain N300bn As Equities Market Rebounds
Trading at the Nigerian equities market yesterday closed positive for the first time this week with a gain of N300…
Rewane Foresees Bright Economic Outlook For Nigeria In 2021
The Chief Executive Officer of the Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane has predicted that Nigeria’s economy will…
Dollar Shortage Further Cracks Naira To N470
The Naira showed no sign of improvement on Wednesday as the incessant shortage of the United States Dollar at the…
Nigeria:N69.4bn Debt AMCON Seizes Jimoh Ibrahim’s Properties, Freezes Accounts
The Asset Management Corporation of Nigeria has taken over 12 assets belonging to Chairman of Global Fleet Group, Jimoh Ibrahim,…
Nigeria: Manufacturing PMI Records Expansion After Six Months Contraction
MONEY MARKET The Manufacturing Purchasing Managers’ Index (PMI) for November 2020 recorded expansion after six consecutive months of contractions (May…
New York City To Close Public Schools Again As Virus Cases Rise
New York City’s entire public school system will shutter on Thursday, the schools chancellor Richard A. Carranza wrote in an…
Nigerian Stock Exchange Members Back Flotation Plan
The Nigerian bourse won approval from its members on Wednesday for a stock market flotation that will turn the exchange…
KLM Announces Return To Nigeria In December
Stories by David Agba with agency report KLM Royal Dutch Airlines Wednesday announced it would be resuming flights to Nigeria…
Nigeria: FEC Approves Finance Bill 2020
The Federal Executive Council (FEC), presided over by President Muhammadu Buhari on Wednesday approved the Finance Bill 2020, to support…