African Economies Could Shrink 3.4% This Year, Rebound In 2021 -AfDB
Nigeria resumed domestic flights on Wednesday after a hiatus of around three months as Africa’s most…
Nigerian Stocks Slip As Fears Rise Over Naira Devaluation
In the face of economic uncertainty, dollar scarcity and depressed Oil prices, the Central Bank of Nigeria (CBN)…
Nigeria: Oil Palm Waste As Money Spinner
In the past oil palm waste were discarded. Not any more as two entrepreneurs are using technology to put them to…
Insulating Nigeria From Perennial Oil Price Volatility
Price volatility is a constant feature of the oil market, exposing oil-dependent countries like Nigeria to regular…
Nigeria Restarts Domestic Flights Amid Easing Coronavirus Restrictions
Nigeria resumed domestic flights on Wednesday after a hiatus of around three months as Africa’s most populous…
Latest Nigerian Currency Devaluation Sows Confusion With Traders
Naira devalued by 5.5% against dollar, according to FMDQ data. Nigeria is seeking to unify its multiple exchange…
Ghana Reopens Over 600 Nigerian Shops
The President of National Association of Nigerian Traders (NANTS), Dr. Ken Ukaoha, has said that over 600 shops…
Sterling Clings To Three-Week Highs Ahead Of British Budget Plan
Sterling was steady at $1.2545 GBP=D3 and at 89.96 pence against the euro EURGBP=D3 on Wednesday, a day after…
Nigeria: Third Mainland Bridge: Fed, Lagos Govts Release 6 Months Traffic Plan
The Federal and Lagos State Governments, yesterday, rolled out traffic management plans for seamless execution…
India’s Palm Oil Imports Climb To 5-Month High On Low Stockpiles
Palm oil imports by India climbed to a five-month high in June as traders and refiners in the world’s…
Dollar Dips As Risk Sentiment Proves Elusive
The dollar dipped slightly on Wednesday as investors weighed hopes for a swift economic recovery against fears…
Nigeria’s Naira Eases Sharply On Official Market After Pressure To Unify FX…
Nigeria’s naira eased 5.5% on the official market on Tuesday, after the central bank sold dollars to lenders at a…
Nigeria: Speculators Remain In State Of Flux
The naira depreciated against the dollar at the Investors and Exporters (I&E) window on Monday, closing at…
Nigerians Drag China To Court, Seek U.S.$200 Billion Compensation Over COVID-19…
Abuja — Twenty-five Nigerians from all walks of life have dragged the Peoples Republic of China before the Federal…
Vetiva Predicts Stability For Nigeria’s Naira In Near Term
Analysts at Vetiva Research have predicted that despite the downside risks affecting the exchange rate, various…
Germany Eyes Breakthrough In EU Migration Dispute This Year
Germany said on Tuesday it wants European Union nations to overcome a deadlock on how to handle refugees and…
U.S. To Expel International Students If…
International students who are pursuing degrees in the United States will have to leave the country or risk…
Nigeria: Meals Will No Longer Be Served On Local Flights
The Minister of Aviation, Hadi Sirika, has said that food will no longer be served on domestic flights when…
Traders Stay Away From Forex Market Over Naira Devaluation
As the Central Bank of Nigeria rejigs the forex market as a prelude to rate unification and further devaluation of…
CBN Debits Banks N122bn, Moves To Unify Exchange Rates
The Central Bank of Nigeria debited N122bn ($338m) from banks’ excess cash with the apex bank before weakening the…
UK House Prices Fall For Longest Period Since 2010 – Halifax
British house prices fell for a fourth month in a row in June as COVID-19 continued to depress the market, the…
Risk-On Move Dents Dollar; Yuan Notches Best Day Since December
The yuan on Monday recorded its best day against the dollar since December as investors lapped up risky assets on…
Nigeria: CBN Bows To Pressure, Devalues Naira Again
• ‘Timing coincidental, nothing to do with IMF, World Bank’
• Economists advocate currency, lifestyle audit
•…
Dollar Regains Footing As Investors Eye Lockdown Risks
The dollar found some traction on Tuesday, as risks from rising coronavirus cases offset strong economic data and…
Nigeria: Buhari Bars VIPs’ Aides From Airport Terminals
The President, Major General Muhammadu Buhari (retd.), has given an approval to the Federal Ministry of Aviation to…
We May Propose Fresh Lockdown After Two Weeks, Says Task Force
The Presidential Task Force on COVID-19 on Monday lamented the increasing rate of COVID-19 cases among people in…
Nigeria: FG Constitutes COVID-19 Protocols Enforcement Team
The Federal Government on Monday said it had positioned enforcement teams within and outside airport terminals to…
Sterling Near Three-Week Highs Before Government Releases Spending Plans
Sterling held near a three-week high against the dollar and gained against the euro on Tuesday as investors waited…
Nigeria’s Inflation’ll Average 12.2% In 2020, Says PwC
PwC Nigeria has said the headline inflation in Nigeria will average 12.2 per cent in 2020, compared to 11.4 per…
Nigeria: EFCC Chair Magu Detained
FOR hours on Monday, Acting Chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu testified…