Banks’ Patronage At CBN’s Liquidity Window Drops To N48b
The Central Bank of Nigeria (CBN) has said that daily patronage of the Standing Deposit Facility (SDF) by commercial and…
Brent Crude Tops $40 After Biden’s Win Lifts Risk-Takers
Oil prices gained more than 2% on Monday, with Brent futures rising above $40 a barrel, after Joe Biden clinched…
Investors Gain N249 Billion At Stock Market Over Strong Firms’ Q3 Results
Investors in the stock market earned about N249 billion last weekend after most of the listed companies started declaring strong…
Nigerian, Chinese Firms Sign Agreement On Gold Mining
Japaul Gold and Ventures has signed an agreement with Xiang Hui International Mining Company Nigeria to drill, mine and process…
Why PPMC Stopped Announcing Monthly Ex-Depot Price
The Nigerian National Petroleum Corporation (NNPC) on Monday revealed why its subsidiary -Pipeline Products Marketing Company (PPMC) stopped announcing its…
Propriety Of Visa-For-Good-Behaviour In Elections
During the last election in Edo and Ondo States, the ambassadors of the European Union, the United States and the…
Kano Commodity Exchange Market Begins Operation Q1 2021
The Kano Gezawa First Commodity and Exchange Market, established by the Accountant General of the Federation, Ahmad Idiris, is to…
Import Ban Alone Can’t Fix Textile Sector – Stakeholders
Despite the federal government’s concerted efforts to revitalise the nation’s over 250 moribund textile mills only 30 are currently operational,…
Is Bitcoin An Asset A Commodity Or A Currency?
As the price of Bitcoin continues to balloon, we look back at how the cryptocurrency is viewed and whether that…
Turkish Finance Minister Resigns In Second Surprise Departure After Lira Slide
Turkish Finance Minister Berat Albayrak said on Sunday he was resigning for health reasons, the second surprise departure of a…
Reps May Not Grant Buhari’s Request To Borrow $1.2bn From Brazil
There are strong indications that the House of Representatives may not support the new move by the government of President…
Nigeria To Lose $24bn Oil, Gas Investments In Six Years
By Michael Eboh Nigeria will lose $24 billion in investments in the oil and gas sector between 2020 and 2025,…
Nigeria’s Central Bank Freezes Accounts Of Police Brutality Protesters
Nigeria’s central bank froze the accounts of 20 people linked with anti-police brutality protests after receiving a court order, the…
#EndSARS: Controversy over court order to freeze accounts of 20 promoters
Controversy has trailed the exparte order obtained by the Central Bank of Nigeria (CBN) to freeze the accounts of 20…
Naira Appreciates Against Dollar, Euro at Black Market
At the market, Business Post gathered that the local currency closed at N464/$1, gaining N1 versus the N465/$1 it exchanged…
Nigeria: If You Thought 2020 Was Bad, Brace Yourself For 2021
Nigeria needs to brace for an extended foreign exchange rate crisis as oil markets face a tough year-end, which analysts…
What GDP Can And Cannot Tell You About The Post-Pandemic Economy
Pity the world’s chartmakers. For years, normal economic fluctuations will be dwarfed by the extraordinary gyrations of 2020, such as…
Bitcoin Price Nears $16K, But It’s Ethereum That May Shine In November
The price of Bitcoin (BTC) is nearing $16,000 after achieving $15,960 on Binance. Following the dominant cryptocurrency’s rally, analysts are…
Pound Rallies After Bank Of England Pumps Extra Cash Into The Economy, Just As A National Lockdown Starts
The pound rallied on Thursday, heading for its biggest weekly gain since late September, despite the implementation of a lockdown…
Fintech Bluecode Aims To Light Up Nigeria’s Informal Economy
The Bluecode payments solution is about to go live in Nigeria with two partner banks, Murray Gardiner, managing director of…
Airlines’ ‘Bait-And-Switch’ Strategy Lures Customers To Flights That Never Take Off
OTTAWA — Despite minuscule travel demand, Canadian airlines continue to schedule tens of thousands of monthly flights, only to cancel…
Oil Falls On Surging Virus While U.S. Election Adds Uncertainty
Oil dropped below $38 a barrel as surging coronavirus cases and a tightly contested U.S. election sapped momentum from crude’s…
Canadian Dollar Stays On Track For Best Week Since June
The Canadian dollar weakened against its U.S. counterpart on Friday but stayed on course for its biggest weekly advance since…
Over 82.9 Million Nigerians Currently Living Below Poverty Line
With over 82.9million Nigerians currently living below the poverty line, there is a need to urgently tackle poverty to get…
Shipping Can Contribute 5% To GDP Annually – NIMASA Boss
Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Bashir Jamoh, has said that a developed shipping industry has…
FG To Establish Solid Minerals Processing Hubs
The Federal Government plans to establish solid mineral processing hubs in the six geopolitical zones of the country. While speaking…
FG Requires $656m To Complete Lagos-Ibadan Rail Line
The Minister of Transportation, Rotimi Amaechi on Friday said that the Federal Government requires the sum of N $656million to…
Buhari Admits Nigeria Is Facing ‘Turbulent Times
Nigeria’s President Muhammadu Buhari on Thursday ruminated on Nigeria’s current economic situation, admitting that the country is facing “turbulent times”.…
Famed Luxury Carmaker Bentley To Go Fully Electric By 2030
Bentley Motors plans to exclusively offer plug-in hybrid and electric vehicles by 2026 and fully electric models by 2030, the…
Bitcoin Now N7.2m At Crypto Market As Naira Falls To N465/$
The digital token’s latest rally comes as the outcome of Tuesday’s US presidential election remains uncertain. Possible election turmoil, coupled…