Forex Non-Repatriation: CBN Orders Banks To Submit Details Of Defaulting Exporters
Central Bank of Nigeria (CBN) has directed banks to submit the names, addresses and Bank Verification Numbers (BVN)…
Some Countries Don’t Want To Wait For Superpowers’ Vaccines
After Covid-19’s emergence in Buenos Aires led to a strict lockdown in March, Juliana Cassataro and her fellow…
An Economy In Crisis
The crisis is another wake-up call to restructure the economy
Even when the numbers are open to broad…
Nigeria: COVID-19 Knocks 15% Off Export Earnings In One Month
Nigeria’s export earnings dropped by nearly $2 billion in one month due to the global coronavirus pandemic, which…
Nordstrom’s Sales Fall 53% As Department Store Chain Suffers Store Closures Amid…
Nordstrom said Tuesday its net sales fell 53% during the second quarter, as its stores took a hit from being…
Chloroquine Kills Coronavirus In Early Stage, Says NAFDAC DG
DIRECTOR-General of the National Agency for Food and Drug Administration and Control (NAFDAC) Prof. Mojisola…
CBN Debits Banks N2.476tr In 3 Months
Between last April and July, the Central Bank of Nigeria(CBN)debited N2.476trillion from the commercial banks as…
6.1% Shrinking Of Economy: FG Won’t Be Able To Service Rising Debts, Fund Budget…
Key players in the nation’s economy including the Manufacturers Association of Nigeria and the Lagos Chamber of…
How Nigeria’s Cocoa Revenue Can Hit $1.1b In Five Years’
If Nigeria deploys measures to increase yield, land area under cultivation, quality of cocoa beans through new…
Nigeria: FG Targets Creation Of 12m Jobs With National Gas Expansion Programme
Chief Timipre Sylva, Minister of State for Petroleum Resources says the implementation of the National Gas…
Canadian Dollar Lags G10 Peers As Bets Mount Against The Currency
The Canadian dollar weakened against its U.S. counterpart and all the other G10 currencies on Monday, as recent…
P2P Cryptocurrency Exchanges In Africa Pivot: Nigeria And Kenya The Target Markets
Leading cryptocurrency exchanges are bullish about Africa’s growth prospects as evidenced by their ongoing forays…
Oil Steadies And Fuels Gain With Storm Laura Menacing U.S. Gulf
Oil traded near $42.50 a barrel as Laura was predicted to become a major hurricane, menacing crude production and…
Domestic And Foreign Portfolio Participation In Equity Trading
On a monthly basis, The Nigerian Stock Exchange polls trading figures from market operators on their Domestic and…
Nigeria: Emefiele To Host CEOs Of Multinational Companies Over Export Market
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has hinted on plans to meet with the Chief…
Cryptocurrency Words You Will Meet As A New Investor
The cryptocurrency market is buzzing as prices continue to hold in the green territory and investors keep hopes…
Nigeria May Slip Into Recession In Q3
Minister of State for Budget and National Planning, Prince Clem Ikanade Agba says Nigeria may experience another…
Africa Is Declared Free Of Wild Polio By Certification Committee
Africa was declared free of wild polio on Tuesday by the independent Africa Regional Certification Commission…
Nigeria: Buhari Unveils Agenda For Next Three Years
The President, Major General Muhammadu Buhari (retd.), on Tuesday, listed nine areas his regime would prioritise…
Euro Up On German IFO, Dollar Slips On Successful U.S.-China Phone Call
The euro rose nearly 0.5% on Tuesday on better-than-expected German economic data, while the U.S. dollar fell after…
Nigeria: FG Unveils Plan To Concession 5 International Airports, Reduces…
Plan by the federal government to concession the five international airports in the country was unveiled Monday by…
No Infrastructure For COVID-19 Testing At Airports – NCAA
The Nigerian Civil Aviation Authority on Monday declared that there was no infrastructure to conduct COVID-19 tests…
Nigeria: Stop Sending Children To Schools In Northern Cyprus, NIDCOM Warns Parents
The Nigerians in Diaspora Commission has warned Nigerian parents against sending their children to universities in…
Court Freezes 65 Accounts Over Alleged Forex Manipulation
A Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) to freeze all transactions in 65 bank…
Belarus Jails Two Opposition Leaders; Teachers Head Rally Of Thousands
Despite most major opposition figures being in jail or exile, Lukashenko has so far failed to put down protests…
Stocks Making The Biggest Moves In The Premarket: Hormel, Medtronic, Best Buy,…
Hormel (HRL) – The food producer reported quarterly earnings of 37 cents per share, 3 cents a share above…
U.S. China Reaffirm Commitment To Phase 1 Trade Deal In Phone Call
Top U.S. and Chinese trade officials have reaffirmed their commitment to a Phase 1 trade deal, which has seen China…
Gas and Nuclear Industries Fight To The End For ‘Green’ EU Investment…
The gas and nuclear industries have ramped up lobbying to secure last-ditch changes to European rules defining…
As Uncertainty Threatens U.S. Growth, Fed Seeks More Firepower
A year ago, Federal Reserve Chair Jerome Powell warned fellow central bankers of the significant risks posed by…
Best Buy Says Online Sales In U.S. Surged 242% in Second Quarter, But Shares Slide…
Best Buy on Tuesday reported strong second-quarter sales growth, helped by its biggest quarterly increase in online…