Bank Of England Denies Negative Interest Rate Hint
Bank of England (BOE) governor Andrew Bailey has denied that the central bank’s latest policy statement implied that it would…
No Hike In Gas Prices For Domestic Market, GACN Clarifies
The Gas Aggregation Company Nigeria Limited (GACN) has said that its decision to review existing agreements used in transactions within…
Digital Euro Would Provide Alternative To Cryptos, ECB President Lagarde Says
The European Central Bank (ECB) is looking into the benefits and risks of a digital currency, according to its president,…
Your Bank May Not Be The Only One With Your Banking Information
There’s a popular misconception that banks are the only ones with account holders’ banking information such as their Bank Verification…
Chemical Union Seeks Reversal Of CBN’s Forex Policy
The National Union of Chemical Footwear Rubber Leather and Non-Metallic Products Employees (NUCFRLANMPE) has urged the Central Bank of Nigeria…
Nigeria Unexectedly Cuts Key Rate On Recession Threat
The Central Bank of Nigeria unexpectedly cut its key interest rate to the lowest since 2016 on concerns of a…
Update 1-Nigeria’s Cenbank Cuts Benchmark Rate To 11.5%
Nigeria’s central bank cut its benchmark lending rate on Tuesday by 100 basis points to 11.5% in an attempt to…
Dollar Bounceback Pauses, Aussie And Kiwi Regain Lost Ground
The tide of risk-aversion which saw the dollar hit new six-week highs early on Tuesday ebbed as the session wore…
Guide To Buying Land & House In Nigeria
Buying land in Nigeria involve various legal requirements and key procedures to be followed. The first key step towards purchasing…
How FG Spent N8.9t On Subsidy In 10 Years -PPPRA
The Petroleum Products Pricing Regulatory Agency (PPPRA) says the Federal Government has spent a total of N8.94 trillion on oil…
Leaked Documents Reveal Money Laundering Scam Worth $2tn
Several leaked documents have revealed how the world’s biggest banks enable criminals to launder money around the world. The documents…
Microsoft Buys Bethesda, The Company That Makes Hit Games Fallout, The Elder Scrolls, For $7.5 Billion
Microsoft announced Monday that it will buy ZeniMax Media, the company that owns well-known video game publisher Bethesda, for $7.5…
Here’s What A Biden Presidential Win May Mean For Your Social Security Benefits
The 2020 presidential election could be a make it or break it moment for Social Security. The reason: Social Security’s…
Foreign Reserves Rise By $140.9m, Now $35.81bn
The country’s foreign reserves rose by $140.9m from $35.67bn as of September 1 to $35.81bn as of September 17, the…
Forex-Dollar Slips, Yen Inches Higher As Fed Rhetoric In Focus
The dollar slipped and yen and yuan led Asia’s currencies a little higher on Monday, as investors looked ahead to…
Dow Drops More Than 600 Points As September Sell-Off Picks Up Steam
Stocks fell sharply on Monday as fears about the worsening coronavirus as well as uncertainty on further fiscal stimulus rattled…
Sterling Edges Lower Amid Second National Lockdown Threat
Sterling was under pressure on Monday as rising COVID-19 cases prompted Britain to consider a second national lockdown. The pound…
$500m Investment Lands In Kaduna
Gov. Nasir El-Rufai of Kaduna state, said his administration has attracted 25 new businesses worth over $500 million as it…
FG Monthly Oil Sales Revenue Tumbles By 75%
The Federal Government saw its crude oil sales revenue plunge by 74.89 per cent in July to a record low…
ByteDance Says It Will Own 80% Of TikTok Global, Contradicts Trump’s Claims Deal Has ‘Nothing To Do With China’
GUANGZHOU, China — Beijing-based ByteDance said it would own a majority stake in the new TikTok Global in the U.S.,…
Nigeria: Inflation, Forex Scarcity Worsens Woes In Manufacturing Sector
Growth rate in the manufacturing sector is projected to suffer further decline in September and third quarter of 2020 as…
SEC – Digital Assets Classification Aimed At Investor Protection
Securities and Exchange Commission (SEC) has explained that the recently-released statement on digital assets and their classification and treatment is…
CBN’s Poor Regulation Of BDCs Hurting The Economy
The CBN has been inexcusably weak in enforcing its own rules, reflecting how politics, sectionalism and elite interests fuel corruption…
Coronavirus Live Updates: Cruise Lines Submit Safety plan to CDC; Europe Likely To See Further Lockdown
U.S. deaths related to Covid-19 are quickly approaching 200,000, according to data compiled by Johns Hopkins University. It’s a dire…
CBN Investigates More Companies Over Suspected FX Infractions
In order to ensure that the country’s forex resources are prudently managed and used for the importation of priority goods,…
NNPC To Unveil Successful Bidders For Pipeline Rehabilitation Q1, 2021
Nigerian National Petroleum Corporation (NNPC) would in the first quarter of 2021 unveil the list of successful bidders among the…
Nikola Founder Trevor Milton To Voluntarily Step Down As Executive Chairman; Stock Plunges
Nikola announced early Monday that founder Trevor Milton is voluntarily stepping down from his roles as executive chairman and a…
Work On Oyo Dry Port Project In Progress
Oyo State Government has said work on its Ibadan Dry Port project is in progress. Director-General, Oyo State Investment and…
Oil Slides As Libya Production Resumes And Fears Grow Over COVID-19 Hit To Demand
Oil prices slid on Monday, as production looked set to resume in Libya and gloom spread over the outlook for…
Naira Falls At Black Market As Dollar Scarcity Hits The Forex Market
Nigeria’s exchange rate at the NAFEX window remained stable for the fifth consecutive trading day to still close at N386/$1…