NDIC To Insure Non-Bank Deposits Taking Institutions
The Nigeria Deposit Insurance Corporation has said that it is trying to identify and provide insurance cover for non-bank deposit…
Australia Scraps Plans To Allow Foreign Students Back
Australia will not allow foreign students to return as Canberra prioritises the return of locals stuck overseas, Prime Minister Scott…
CBN’s FX Intervention Rises By 25% To $1.9bn In One Month
The Central Bank of Nigeria (CBN) intervention across Foreign Exchange (FX) market segments increased in October, with total intervention sales…
Stocks Gaining Over N1trn In One Day Triggers NSE Circuit Breaker
Nigerian Stock Exchange (NSE) market-wide circuit breaker kicked on Thursday, November 12, 2020, at 12:55pm, its first time in four…
Canadian Dollar Hits 1-Week Low As Equity Markets Slide
The Canadian dollar fell for the third straight day against the greenback on Thursday, as surging COVID-19 infections weighed on…
Buhari Urges Investors To Take Advantage Of Nigeria’s Resources For Investment
President Muhammadu Buhari Thursday in Abuja urged international community and investors to take advantage of the country’s diversity in human…
Nigeria Has Ratified Africa’s Historic Free Trade Agreement—But Its Land Borders Remain Closed
The largest world’s largest free trade area since the World Trade Organization has taken one step closer to becoming a…
Investment Opportunities In Nigeria – How & Where To Invest Money
Most people don’t employ savings & investing principles to their life. One has to save and invest to grow their…
Dollar Flat, Euro Bumps Higher As Sentiment See-Saws
The dollar held steady on Thursday as investors were cautious over expectations about a COVID-19 vaccine that is unlikely to…
FG Adopts Alternative Dispute Resolution To Attract Investments
The Federal Government is promoting the adoption of Alternative Dispute Resolution (ADR) and creating the necessary infrastructure to enhance the…
High Cost Of Logistics, Bane Of Exporters – Awolowo
The Executive Director/Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), Mr Olusegun Awolowo has identified the high cost…
Nigeria Probes Protesters Under Terror-Financing Law
Nigeria is investigating prominent participants in recent protests against police brutality for possible violations of a law against financing terrorism.…
Court Urged To Unfreeze Accounts Of Allege #EndSARS Promoters
A Federal High Court in Abuja has been urged to lift the order it made on November 4 this year…
Nigerian Stocks Surge Most Since 2015, Trigger Circuit Breaker
Nigerian stocks surged the most in more than five years on Thursday and triggered a market-wide circuit breaker for the…
Dollar Dips, Euro Bumps Higher As Sentiment See-Saws
The dollar dipped on Thursday as investors appeared to waver between optimism and caution over expectations about a COVID-19 vaccine…
Nigeria’s Double Bind
Chronic instability has been the curse of Nigeria’s economy. Despite its huge oil and gas resources—or perhaps because of them—Africa’s…
FACTBOX-Legal Cases Sparked By Nigerian OPL 245 Oilfield Licence
One of the oil industry’s biggest court cases over alleged corruption in Nigeria involves an offshore oilfield licence known as…
Nigeria Expects More Benin Bronze Returns As Soon As Next Year
Nigeria expects to get more of its plundered Benin Bronzes back from Western museums and collectors as early as next…
Electronic Transaction Volumes Increased 67% During Lockdown — CBN
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has said that electronic transaction volumes increased by about 67 per…
Turkey Eases Currency Trading Limits Again, Boosting Lira
Turkey made it easier for foreign investors to access lira funding, a move that’s aimed at undoing some of the…
Dollar Holds Gains As Investors Temper COVID-19 Vaccine Enthusiasm
The dollar held broad gains on Thursday as investors tempered bullish expectations about a COVID-19 vaccine, while the kiwi hovered…
Hedge Fund Blocks Nigeria In $10 Billion P&ID Dispute
VR Capital Group Ltd. won a U.S. ruling to block Nigeria from accessing its internal documents as part of the…
NDIC Raises Concern On How To Identify, Insure Non-Bank Financial Institutions
The Nigeria Deposit Insurance Corporation (NDIC) on Wednesday raised concerns on how it could identify and insure non-bank deposit taking…
Forex Demand Pressure Worries CBN MPC Members
Some members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed concerns over the high demand…
Nigeria’s Fragile Fiscal Regime May Stall $24bn Oil, Gas Projects
With the continued delay in the passage of the Petroleum Industry Bill (PIB) leading to a frigile fiscal regime mired…
British Envoy Decries Nigeria’s Three Per Cent Mobile Money Penetration
British Deputy High Commissioner in Nigeria, Ben Llewellyn-Jones, has decried the most populous black nation’s three per cent mobile money…
Funds Scarcity Stalls Audit Of 801 MDAs, 110 Foreign Missions Since 2017
The House of Representatives has expressed concern and dissatisfaction over the inability of the office of the Auditor General of…
Nigerian Currency Falls To N466/$1, N600/£1 At Black Market
The Naira recorded losses against both the United States Dollar and the British Pound Sterling at the black market segment…
Stock Market Defies Economic Downturn As Investors Rake N1.2trn
The Nigerian stock market continued its gaining streak defying the prevailing economic down turn with the investors gaining N1.2 trillion…
Oil Steady Above $41 On Signs OPEC+ Edging Toward Keeping Cuts
Oil held gains above $41 a barrel in New York as OPEC+ appeared to be closing in on an agreement…