Nigeria Sells Dollars To Ease Backlog Trapping Foreign Funds
The Nigerian central bank has started to sell dollars to clear a backlog of demand for the greenback that has kept…
UK Transport And Warehouse Chiefs Warn Of ‘Severe’ Brexit Border…
Britain’s freight and logistics chiefs are demanding “urgent” talks with the UK government over Brexit border…
Virgin Atlantic Expands Network
Virgin Atlantic has announced that it would be adding five additional services from September 1, 2020 onwards.…
FX Turnover Spikes 140% At NAFEX Market As CBN Moves To Clear Backlog Of Demand
FX Turnover at the NAFEX market rose 140% to $92.1 million on Thursday as liquidity poured into the official…
Sterling To Weaken By End-Year Before Regaining Lost Ground
Sterling will lose some of its recent gains against a weaker dollar as year-end approaches, hurt by Brexit…
Customs Rates Border Closure Successful
One year after the nation’s borders with her neighbours were shut under the aegis of a joint military and…
CBN Forex Policy: Why Manufacturers Are Protesting
The Central Bank of Nigeria (CBN) has removed third parties or middlemen from its Secondary Market Intervention…
Forex: CBN Sold $500m, Speculators Set To Count Losses
Central Bank of Nigeria CBN sold about $500 million to foreign investors on the spot and forward market to gauge…
Nigeria: Ogun, Lagos Seek To Take Over Lagos-Ota-Abeokuta Road From FG
The Ogun State Government has approached the Federal Government to request for authorisation to rehabilitate,…
Stock Market Sell-Off: Four Market Analysts Explain The Move
Stocks ended sharply lower Thursday with momentum tech shares including Apple leading the sell-off.
Four market…
Twitter Slaps Warning Labels On Trump Tweets That Suggest Voting Twice
Twitter on Thursday slapped warning labels on several of President Donald Trump’s posts, suggesting the messages…
France Unleashes 100 Bln Euro Stimulus To Revive Economy
The French government detailed on Thursday its 100 billion euro ($118.3 billion) stimulus plan to erase the…
Taco Bell Removes Mexican Pizza And Other Items As It Finishes Menu Streamlining
Taco Bell announced a second wave of menu cuts after it concluded a review of its food and beverage offerings.…
Nationwide Curfew Now Midnight To 4 Am
The Presidential Taskforce on COVID-19 (PTF) has relaxed the nationwide curfew to run from midnight (12 am) to 4am.…
Judge Orders Trump Organization To Court For Fight Over NY Attorney General…
A New York judge has ordered lawyers for President Donald Trump’s company and his son Eric to court later in…
These Tech Stocks Were Extremely ‘Overbought’ Ahead Of The Massive Sell-Off
Thursday’s sell-off chopped the top off the recent rally for the market, hitting the red hot tech sector…
Apple Delays iPhone Change That’s Expected To Make It Harder For Facebook And…
Apple announced on Thursday that a planned change to the iPhone operating system that could impact how Facebook and…
Operators To Jack Up Seaport Haulage Rates Over Fuel Price Hike
Haulage operators at the ports have said that cargo owners will bear the brunt of the increment of petrol pump…
Mike Santoli’s Market Notes: What To Make Of Thursday’s Tech Stock Rout
This is the daily notebook of Mike Santoli, CNBC’s senior markets commentator, with ideas about trends, stocks and…
Markets Are Facing A Potential ‘Minsky Moment’ Collapse
Asset prices could be on the cusp of a sharp collapse known as a “Minsky moment,” and may retest lows last seen in…
Apple Stock On Pace For Worst Day Since Mid-March
Shares of Apple dropped more than 6% Thursday afternoon, putting its stock on pace for its worst day since March…
Nigeria: External Reserves Fall Below Threshold
Nigeria may be leaning against the wind as its foreign exchange reserves fall below the threshold required by the…
Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point To Further…
Pressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports…
Nigeria: Coconuts Can Contribute Over $400bn To Nigerian Economy Annually
The President, National Coconut Producers, Processors and Marketers Association of Nigeria (NACOPPMAN), Nma…
Facebook To Ban New Political Ads In Week Before Presidential Election
Facebook announced Thursday it will ban new political ads from running in the week before the Nov. 3 presidential…
Nigeria: Why We’re Borrowing – DMO
Abuja — Federal government's borrowings are fuelled by persistent budget deficits, the Director-General of the Debt…
Bill Gates-Backed Vehicle Battery Supplier To Go Public Through SPAC Deal
An electric vehicle battery supplier backed by Microsoft co-founder Bill Gates and Volkswagen is the newest…
Jeep Grand Wagoneer SUV to top $100,000 as brand’s luxury flagship
DETROIT – Fiat Chrysler’s long-awaited Jeep Grand Wagoneer SUV will top $100,000 – likely making it the brand’s…
Covid-19 Forced Google To Change How It Predicts Traffic In Google Maps
Google on Thursday explained in a blog post how Covid-19 has forced it to rethink how it predicts driving…
NNPC Invites Bidders For Crude Oil Contracts
The Nigerian National Petroleum Corporation (NNPC) has invited local and international companies to submit bids to…