Nigeria Weakens Naira At Retail FX Auction In A Move To Align Rates
Nigeria’s central bank asked lenders to bid for forex at an auction 5% above its official rate of 360, traders…
Oil Demand To Return To Pre-Pandemic Levels By 2022, Goldman Says, But Unlikely To…
KEY POINTS
In a research note published Thursday, analysts at Goldman Sachs estimated global oil demand would…
Nigeria’s Debt Rose To 28.62 Trln Naira As Of March – Debt Office
Nigeria’s total public debt rose to 28.62 trillion naira ($79.5 billion) as of March, up 15% from a year earlier,…
Exposed: How Central Bank Of Nigeria Deliberately Prevents Naira From Appreciating…
The apex bank, which has refused to disclose the exact foreign remittances it has received from 2016 to 2018,…
COVID-19: Nigeria Govt Releases Guidelines For Air Travels
The Nigerian government has released new procedural guidelines for air travellers and other airport users.
The…
Nigerian Central Bank Devalues Naira by 5.3% at Currency Auction
Nigeria’s central bank devalued the naira at one of its currency auctions, according to people familiar with the…
Nigerian Lawmakers Want Monuments to Slavery in Lagos Removed
Lawmakers in Nigeria’s Lagos state, which includes the country’s commercial hub and biggest city, have asked for…
Canada Bans Foreign Travelers Until At Least August
Canada has confirmed that its ban on foreign entry will be maintained until at least the end of July. Also extended…
Local Airlines Set For Operations, Market New Rates
Local airlines yesterday marketed new fare rates as part of the preparation for flight resumption in the COVID-19…
The British Passport Stoking Controversy In Hong Kong
As China tightens its control over Hong Kong with a new national security law, the U.K. is offering some residents…
Italy Prosecutor Says Eni, Shell Aware Of Bribes In Nigeria Case
Oil majors Eni and Royal Dutch Shell were aware that most of the money they spent to buy a Nigerian oilfield in…
How Border Closure in Nigeria Aided Local Raw Materials Utilisation
Utilization of Local Raw-materials in the manufacturing sector increased marginally in the second half (H2) of…
CBN Expands The Scope Of Regional Banks In Nigeria
The Central Bank of Nigeria, pursuant to Section 8 (g) of the CBN Scope, Conditions & Minimum…
Is Nigeria’s Mobile Money Data An Unsolved Puzzle Fintechs Toy With?
Here’s a simple question: How many mobile money agents are in Nigeria at present? Well, the answer is not so simple…
Banks, Other Lenders Urged To Finance Africa’s Economy
The Group Chief Executive Officer, United Capital Plc, Mr. Peter Ashade, has called on financial institutions to…
Nigeria’s Foreign Reserves Fell By $373.23m In June
The country’s foreign reserves fell by $373.23m from $36.57bn on June 1 to $36.2bn on June 29, latest figures from…
Stamp Duty As New Black Gold in Nigeria
This matter of making the Stamp Duty (and by implication tax revenue) the next black gold has occupied my mind even…
Nigeria: Domestic Debt Servicing Gulps N609.13b In Q1 2020
The Federal Government has spent N609.135 billion to service domestic debt in the first quarter of 2020.
The…
British Pound Heads For First Weekly Win Against Dollar In Four
Sterling was headed for its first positive week in four against the dollar on Friday, holding close to the $1.25…
Multi-Strategy Hedge Funds Post Double-Digit Gains
Multi-strategy hedge funds have made massive gains in the first six months of the year aided by the Federal…
Pump Or Dump? With Oil In Decline, Africa Ponders Its Energy Future
As the COVID-19 pandemic bashes economies and demand for oil, many African nations dependent on exporting fossil…
Boeing Communications Chief Resigns Over Decades-old Article On Women In Combat
Boeing Co’s (BA.N) communications chief Niel Golightly abruptly resigned on Thursday, following an employee’s…
JPMorgan Drops Terms ‘master,’ ‘slave’ From Internal Tech…
JPMorgan Chase & Co (JPM.N) is eliminating terms like “blacklist,” “master” and “slave” from its internal…
Wall Street Shifts Bets To Big Pharma As COVID-19 Vaccine Race Progresses
Wall Street is moving some bets on COVID-19 vaccines to large pharmaceutical companies with robust…
Spain’s Banks Look To Make Lockdown Branch Closures Permanent
As Spain reopens after the COVID-19 crisis, its banking industry is seizing the opportunity to shrink its swollen…
Merkel Makes First Masked Appearance To Ward Off Criticism
German Chancellor Angela Merkel made her first public appearance wearing a mask on Friday after dismissing…
Eco Common Currency And Gulf Between
If it goes according to schedule, the currency of the West African Economic and Monetary Union (UEMOA) since 1945,…
Lockdown Ends In Nigeria’s Kano, Where Coronavirus Killed Hundreds
The Nigerian state of Kano ended its novel coronavirus lockdown on Thursday, the local ministry of health said,…