Oil Slides As Libya Production Resumes And Fears Grow Over COVID-19 Hit To Demand
Oil prices slid on Monday, as production looked set to resume in Libya and gloom spread over the outlook for global…
Naira Falls At Black Market As Dollar Scarcity Hits The Forex Market
Nigeria's exchange rate at the NAFEX window remained stable for the fifth consecutive trading day to still close at…
‘Why Small Business Fail In Nigeria’
A former member of the House of Representatives, Abimbola Daramola, has revealed that many entrepreneurs fail in…
Brazen Nigerian Crypto Scam Inksnation Still Operational Three Months After…
One of Nigeria’s most brazen crypto scams, Inksnation remains operational and still invites new investors some…
How Have Major African Currencies Performed This Year?
Africa’s top currencies have been hit greatly this year as a result of the coronavirus pandemic, but the Egyptian…
Naira Weakens As BDCs Fund Account Friday
Nigeria’s currency reversed Thursday’s gain as it weakened by N1.50k, exchanging with the dollar at an average rate…
E-Customs Will Revolutionise Trade, Generate Revenue, Improve National Security —…
The Nigeria Customs Service (NCS) has called on Nigerians to embrace the recently Federal Executive Council (FEC)…
Nigeria Loses N5.8tr To Unauthorised Deductions, Non-Remittances
The Centre for Social Justice (CSJ) said Nigeria lost up to N5.786t between 2014 and 2017 due to unauthorised…
Kaduna IRS Goes After Gaming Companies; Seals 40 Bet9ja Offices
The Kaduna Internal Revenue Service (KADIRS), has so far, shut down 40 bet9ja offices in the last seven days, in…
Euro-Zone Spare Cash Already In Trillions Eyes Another Milestone
The European Central Bank’s ultra-cheap liquidity injections next week may raise the amount of excess cash sloshing…
Exporters Explore Sea Option To Reach West, Central African Market
Nigerian non-oil exporters are tapping sea transport to reach the neighbouring west and central African markets as…
Why FG Is Investing Massively In Railways, Seaports
The Federal Government’s focus on railway and seaport development is a necessity to drive the nation’s economy,…
‘Why Nigeria May Not Need Delayed $1.5b Additional World Bank Loan’
With the Department of Petroleum Resources (DPR) remitting at least $1.03bn to the Federal Government and an…
Oil Has Best Week Since June After Saudis Defend Market Recovery
Saudi Arabia’s warning to OPEC+ cheaters and short-sellers alike helped oil prices stage their biggest weekly rally…
What To Expect From The Markets This Week
Global Economy
The U.S. Federal Open Market Committee (FOMC), in its latest Monetary Policy Meeting, elected to…
Currency That Never Gains Gets Ghana Central-Bank Lifeline
Ghana’s cedi has weakened every year since at least 1994. Now the central bank appears to have drawn a line in the…
Nigeria’s August Gross Revenues Tick Up On Higher Tax Receipts
Nigeria's gross revenues inched up 0.8% in August to 682.1 billion naira ($1.79 billion) from the previous month as…
FG Adds Emirates To List Of Banned Airlines
The federal government has withdrawn the approval granted to Emirates to conduct international flight operations in…
The Crypto Daily – Movers And Shakers – September 19th, 2020
Bitcoin, BTC to USD, slipped by 0.02% on Friday. Following on from a 0.11% decline on Thursday, Bitcoin ended the…
Dollar Falls Against The Yen, Sterling Dips On COVID Worries
The U.S. dollar lost ground to the Japan’s yen for the fifth straight day and the yen was at a seven-week high…
FG Apologises, Says Self-Certification Order Not For Everyone
The Federal Government on Friday, apologised to Nigerians over a tweet on its twitter account on Thursday, which…
Deregulation: More Investors Eyeing Modular Refineries
The Department of Petroleum Resources has said more investors are showing interest in establishing modular…
In Search Of A Second Passport? You’re Not Alone
Before the coronavirus pandemic, holding a U.S. passport granted visa-free access to 185 countries around the…
Nigeria Counts On Gas To Ease Pangs Of Fuel Subsidy Cuts
Nigeria is counting on gas-powered vehicles to help it reduce reliance on gasoline and improve its climate…
Nigeria, EU In Closed Door Meeting Over Air Space Restrictions
European Union (EU) has urged the Nigerian government to have a rethink over restrictions placed on KLM, Lufthansa,…
Dollar Extends Losses; Kiwi Dollar Hits 18-Month High
The dollar extended overnight losses on Friday after data on Thursday pointed to a slowdown in the U.S. economic…
Visa Ban: Don’t Disrespect Nigeria, FG Tells US, UK
The Federal Government has frowned on the statements issued by the United States and the United Kingdom on the…
Military Destroys Illegal Refineries, Recovers Stolen Crude
The Defence Headquarters says military has intensified its aggressive fight against crude oil theft, pipeline…
Dollar Down Over Disappointing U.S. Data, Bleak Economic Outlook
The dollar was down on Friday morning in Asia, with disappointing U.S. employment data dampening both the economic…
Oil Gets A Lift From EIA Supply Data, Moves Back Above $40
Oil prices rose back to above $40 a barrel, after U.S. government data showed a crude stockpile draw more than…