Transport Cost, Major Driver Of Inflation — Finance Minister
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said the inflation rate in Nigeria is largely…
Naira Weakens To 470/Dollar Despite CBN Interventions
The naira weakened to 470 against the United States dollar in the parallel market on Friday despite the interventions of…
Palm Oil Price Further Increases In Enugu Major Markets
The price of palm oil has further increased in major markets across Enugu metropolis, the News Agency of Nigeria (NAN)…
Nigeria’s Naira sinks to lowest level in weeks
Nigeria’s currency, the Naira closed the week, falling to its weakest level in six weeks as Central Bank of Nigeria…
FG Is Prioritising Vaccine For Nigerians –Osinbajo
One of Nigeria’s main priorities now is getting the COVID-19 vaccine and this is a matter of utmost concern to…
How China’s New Development Plan Will Benefit Nigeria, Other African Countries, By Envoy `
There are tremendous opportunities for Nigeria and other African countries in China’s 14th Five-Year Plan for National Economic and Social…
Nigerians Now More Conscious Of Their Rights, IGP Tells Police
The Inspector-General of Police (IGP), Mohammed Adamu has cautioned policemen on how they carry out their duty saying that society…
Ex-Wells Fargo CEO John Stumpf Misled Investors In Fake Accounts Scandal, SEC Says
Ex-Wells Fargo CEO John Stumpf and former deputy Carrie Tolstedt were charged by the Securities and Exchange Commission with misleading…
The Four Latest Contenders To Facebook’s Social Media Throne
In the aftermath of the election, millions of users rushed to sign up for Parler, an up-and-coming social media app…
GM Recalling Chevrolet Bolt EVs Due To Fire Risks Amid Federal Probe
General Motors is recalling tens of thousands of all-electric Chevrolet Bolt EVs due to risk of fire. The Detroit automaker…
McDonald’s And Franchisees Will Conduct Coronavirus Safety Checks To Guard Against Pandemic Fatigue
McDonald’s will conduct coronavirus safety reviews of its restaurants in the next six weeks as health experts worry that Covid…
Trump Says Coronavirus Vaccine Won’t Be Delivered To New York Right Away
President Donald Trump said Friday that the U.S. government would not deliver a coronavirus vaccine to New York if and…
California, Oregon And Washington Issue Covid Travel Advisory Urging 14-day Quarantine
The governors of California, Oregon and Washington issued a joint coronavirus travel advisory on Friday urging people arriving to their…
Nigeria To Tap $750 Mln World Bank Loan For Local Regions
Nigeria is in the process of accessing a $750 million World Bank loan to enable local states to support vulnerable…
Trump Strikes Out In Arizona, Michigan, Pennsylvania Ballot Challenges, Biden’s Lead More Secure
President Donald Trump’s already long-shot efforts to reverse an apparent win for President-elect Joe Biden by challenging votes in courts…
DraftKings Stock Jumps After Reporting Third-Quarter Beat, Surge In Users
Shares of sports betting company DraftKings jumped more than 6% Friday after the company reported better-than-expected third quarter results and…
Goldman Sachs Says A Divided U.S. Government Could Boost Asian Currencies
India, Southeast Asia economies will ‘benefit more’ from Covid-19 vaccine: Goldman Sachs SINGAPORE — The U.S. elections will likely result…
Nigeria’s Strength Lies In Export Of Services, Says Awolowoź
The Managing Director and Chief Executive Officer, Nigeria Export Promotion Council, Segun Awolowo, says Nigeria has an advantage over other…
Nigeria Case Against JP Morgan Over OPL 245 Oil Deal To Go To Trial
A lawsuit launched by the Nigerian government against U.S. bank JP Morgan Chase, claiming over $1.7 billion (1.29 billion pounds)…
Maritime Can Earn 30 Times More Revenue Than Oil’
The Maritime sector has been identified as a potent force that has the potenial to drive the Federal Government’s economic…
Airlines’ Financial Status, COVID-19 Losses Stir Controversy
The actual financial status of operating local airlines and how much they lost to the COVID-19 pandemic disruption is a…
‘Nigeria Could Face $20b Loss In Export Revenue’
Nigeria and four other oil producers on the continent could each be facing $20billion or more in lost export revenue…
Biden’s Win Boosts The Chinese Yuan, But The Trump Effect Will Be More Lasting
The Chinese yuan, which has steadily strengthened this year, spiked even further in the days leading up to and after…
Naira Woes Continues, Crashes To N468/$1 At Black Market
Things are beginning to get worse for the Nigerian Naira at the parallel as it further crashed at the segment…
DoorDash Releases Filing To Go Public, Reports $149 Million In Losses On Revenue Of $1.9 Billion Through September
DoorDash, the leading food delivery app in the U.S., filed its IPO prospectus with the Securities and Exchange Commission on…
Nigeria Won’t Relax COVID-19 Rules During Christmas – Official
Mr Aliyu said that Nigeria is currently worried with the rising cases of COVID-19 pandemic across the globe hence the…
Why Nigeria’s Economy Slowed Down – VP Osinbajo
Vice President Yemi Osinbajo has said lack of functional infrastructure had slowed down the country’s economy over the years. Osinbajo,…
Forex Reserves Decline To $35.63bn, Lowest In Two Months
The nation’s foreign exchange reserves have fallen to the lowest level in more than two months, the latest data from…
Oil Falls On COVID-19 Surge But On Track For Weekly Gain
Oil prices fell on Friday, pressured by fears about a slow recovery in the global economy and fuel demand due…
FG Set To Reopen Kano, Port Harcourt Airports
The Federal Government is set to reopen the Kano and Port Harcourt International Airports three months after it opened the…