US Election 2020 Results: How Nigeria Will Benefit If Biden Defeats Trump
The candidate of the Democratic Party, Joe Biden, is almost certain to become the 46th US President. At the time…
UK Names New Trade Envoy To Nigeria
The United Kingdom Government has confirmed the appointment of Helen Grant MP, a British-Nigerian, as a new trade envoy to…
Nigeria Reaching Maximum Borrowing Capacity
Nigeria is almost reaching its maximum capacity to borrow and must be proactive in ramping up tax revenue collection, the…
GM Plans To Increase Pickup Truck Production With Up To $1 Billion Investment In Canada
General Motors plans to significantly increase production of its highly profitable pickup trucks by investing up to $1 billion in…
How Many Bank Accounts Should You Have & Which Ones
The number of bank accounts you really need is up to your personal spending, but traditionally, just two accounts –…
Bitcoin Surge Widens Crypto’s Lead Over Gold As Top Asset Of 2020
Bitcoin’s surge during U.S. election week has pulled cryptocurrency performance further ahead of major asset classes this year. The Bloomberg…
Multiple Customs Clearing Units Cause Stir
Importers and clearing agents have continued to frown at bottlenecks affecting clearing at the ports, noting that they are causing…
Naira Continues To Decline At Black Market Despite Huge Dollar Supply
Forex turnover improved significantly by 536.7% as Nigeria’s exchange rate at the NAFEX window maintained its stability against the dollar…
WhatsApp Introduces Messages That Delete After Seven Days
Facebook Inc.’s WhatsApp will roll out disappearing messages to users this month, which will delete posts in a chat after…
China Bans Non-Chinese Arrivals From UK As England Enters Lockdown
China has barred non-Chinese travellers from the UK, Belgium and the Philippines, imposing new border restrictions in response to the…
Banks’ Borrowings From CBN Crashes By 93%
MONEY MARKET Deposit Money Banks’ reliance on the loans from the Central Bank of Nigeria (CBN) fell sharply by 93…
Why Oil Prices May Be Set To Fall Further
The main oil benchmarks fell below $40 a barrel again this week as clouds gathered over the outlook for demand…
Dollar Slumps To Two-Month Low, Investors See More Weakness On U.S. Election
The dollar sank to its lowest level in over two months against against a basket of peer currencies on Friday,…
Sterling Eyes Weekly Gain Vs Dollar In Choppy Markets
Sterling was on track for a weekly gain versus the dollar on Friday in choppy markets, as traders digested high…
Nigerian Banks To Fail Stress Tests Should Economic Slump Deepen
Nigerian lenders will drop below minimum capital buffers required by regulators should the economy shrink further this year, according to…
Oil Prices Are Set To Go Higher Next Year
As predicted, a second wave of COVID-19 is wreaking havoc on the world economy with many European nations contemplating new…
Four OPEC+ Members Favor Extended Cuts
Three members of OPEC and Russia are in favor of an extension of the current oil production cuts agreed by…
COVID-19: China Bars Nigerians, Others From Entry
The Chinese authorities have temporarily suspended entry into China by Nigerians and other nationals in Nigeria holding valid Chinese visas…
Stock Market 0May Be Investor’s Only Viable Option
With Nigeria’s debt market becoming even more unattractive to foreign investors, Nigerian investors’ only viable trading option will be the…
Local Currency Depreciates To N464/$1 At Black Market
The Naira weakened against the US Dollar at the parallel market on Wednesday, November 4 as it lost N1 to…
Forex Scarcity Restricts Access To N100bn Pharmaceutical Fund
Despite availability of the N100 billion Healthcare Intervention Fund, HIF, the scarcity in foreign exchange, forex, market has now posed…
FG Considers Passport Ban For Passengers Breaching COVID-19 Test
The federal government has threatened to prevent travellers who refuse to make themselves available for compulsory PCR test, seven days…
Dollar Gains As Investors Unwind Bets On Big Fiscal Spending
The U.S. dollar gained against a basket of currencies on Wednesday after Democrats looked unlikely to take control of the…
Sterling Volatile As Investors Await U.S. Election Outcome
Democrat Joe Biden was back as favourite to win the U.S. presidential election in online betting markets, according to Britain-based…
U.S. Senate Gets First Nigerian-American Congressman
Mr. Oye Owolewa cruised into victory on Tuesday night to become the first Nigerian-American to be elected to the U.S.…
Nigeria, Third Highest Destination Of Used Cars From U.S.
The unique and rare terracotta head, believed to be from Ile-Ife in Nigeria, was intercepted by Dutch Customs at Schiphol…
Nigeria Not Military State, Release Moe’s Passport – Ezekwesili
A Former Minister of Education, Oby Ezekwesili, has called out the President Muhammadu Buhari government and relevant authorities over the…
FG Clamps Down On #EndSARS Promoters, Freezes Accounts
There were strong indications on Tuesday that the Federal Government had begun a clampdown on promoters of #EndSARS protests by…
Nigeria’s Debt To Hit N38.6 Trillion By December 2021
Nigeria’s total public debt may hit N38.68 trillion by December 2021, the Minister of Finance, Budget and National Planning, Zainab…
Gold Erases Losses As U.S. Vote Count Stretches On; Oil Jumps
Gold erased losses while oil rose as tight races in key battleground states in the U.S. election left investors scrambling…