Bank Of England Debating Digital Currency Creation
The Bank of England is reviewing whether it should create a central bank-backed digital currency, according to…
Banks To Place Chronic Loan Defaulters On Watch List
the Central Bank of Nigeria on Monday released the guidelines aimed at reducing non-performing loans in the banking…
Nigeria Earned $206bn From Oil In Five Years
Nigeria, Africa’s top oil producer, generated $206.06bn in revenue from crude oil exports in the last five years,…
Nigeria, China Finalising Negotiations On N43.24bn Ibadan Port
Negotiations between the Federal Government and China Railway Construction Corporation Limited for the construction…
South-East Traders Protest High Demurrages At Ports
Traders under the aegis of South-East Amalgamated Markets Traders Association have protested high demurrage at…
Nigerians Believe Rising Inflation’ll Weaken Economy
Many Nigerians believe that rising inflation will lead to a weaker economy, according to a survey by the Central…
Dollar Starts Week On Back Foot Ahead Of Data, Earnings
The U.S. dollar edged down in Asian trade on Monday as investors looked to looming economic data from around the…
Sterling Eyes 200-Day Moving Average At $1.27 As Risk Sentiment Improves
Sterling/dollar rose on Monday towards its 200-day moving average of $1.27, though it was last trading neutral at…
Forbes Rates University Of Lagos, Nigeria High In Producing Entrepreneurs
The University of Lagos, UNILAG, has been acknowledged as the third most productive school in educating…
WHO Worries As Covid-19 Cases Surpasses 13 Million World Wide
COVID-19 cases rose above 13 million across the world on Monday, climbing by one million in just five days, with…
Nigerian President Buhari Approves New Boards For NLNG, BGT
President Muhammadu Buhari has approved the newly reconstituted board of Nigeria Liquified Natural Gas(NLNG) and…
Nigerian Banks To Debit Debtors’ Accounts Directly
The Central Bank of Nigeria (CBN) has released guidelines on Global Standing Instruction (GSI) that would enable…
Nigeria: ABCON Calls For Suspension Of Taxes, Tariff Hike
Association of Bureaux De Change Operators of Nigeria (ABCON), has called on the Federal Government to suspend all…
South African Rand Firms As Dollar Wobble Lifts Emerging Currencies
South Africa’s rand firmed early on Monday, helped by increased risk appetite as investors bet again on a global…
Nigerians Fight For Economic Balance As Recession Beckons
The months ahead may be more daunting for the real sector as government’s debt-funding plans at higher costs…
Experts Warn Against Impact Of Naira Devaluation On 2020 Budget
Economic experts have expressed concerns about the recent devaluation of the Naira by the Central Bank of Nigeria…
Current Economic Realities Necessitated Naira Devaluation
Dipping oil prices, COVID-19, increasing debt, high poverty and unemployment have been identified as factors that…
Flight Operations Restart In Kano Airport Amid Low Passengers
Domestic flight operations has resumed at Mallam Aminu Kano International Airport (MAKIA), Kano amidst strict…
Naira To Depreciate Further In Parallel Market
The sharp depreciation of the naira in the parallel market is set to continue this week with the exchange rate …
FG Threatens To Review Air Agreements With UK, Others Over ‘Unacceptable Treatment…
The federal government Sunday said it would review its Air agreements with various countries as a result of the…
Navigating Nigeria’s Foreign-Exchange Maze On Path To Fair Value
Nigeria, under pressure from multilateral lenders, has vowed to untangle its Byzantine foreign-exchange regime that…
29 Nigerians Stranded In Lebanon Successfully Evacuated
29 Nigerians who were initially stranded in Lebanon have been successfully evacuated to the country.
The…
Currency Controls Boosting Black Market Patronage, Say Dealers
Financial Market Dealers have said the implementation of currency control, making it difficult for certain sectors…
Air Peace Evacuates Nigerians From Malaysia, Thailand, Indonesia
Nigeria’s leading carrier, Air Peace, on July 10, 2020, dispatched, two B777 aircraft, with registration number…
Looming Free Fall – How To Save The Naira
On Tuesday, the Central Bank of Nigeria, CBN, adjusted the value of the Naira to exchange to the dollar at N381, as…
Why 58 Nigerian Medical Doctors Were Traveling Without UK Visas
Some facts have emerged why 58 Nigerian medical doctors who were denied departure to the UK through the Muritala…
Overland Airways To Resume Flights July 15
Overland Airways has announced the resumption of its flight services with effect from July 15, 2020, following the…
Exclusive: Buhari Ordered DSS To Investigate Magu Since 2018
Unknown to Ibrahim Magu, President Muhammadu Buhari had directed the Department of State Services (DSS) to…
Report Cites Nigeria In Dubai Global Corruption Saga
A new report has identified Nigeria as one of the major countries whose citizens use Dubai, the economic capital of…
Why Insurance Firms Are Selling Off Their PFAs
The idea of mitigating risks and curtailing losses at the bare minimum begins from the insurance industry and only…