Nigeria: Naira In An Age Of Pestilence
I remember when the Naira was born. It hatched out of the British Pound, and we celebrated it as though the birth…
Shekel Could Sour As Central Banker Sees Bigger Economic Hit
After a strong week, the shekel is again testing pre-coronavirus levels. A resurgent outbreak could change all…
Nigeria: FG To Save $300m From Barite Importation
The Minister of Mines and Steel Development, Mr Olamilekan Adegbite, says the Federal Government will soon ban the…
Nigerian Banks To Limit Debit Card Spending Abroad To Ease FX Risk
Nigerian banks plan to reduce the amount customers can spend abroad using debit cards on Monday, two lenders said,…
Where’s Crude Heading? Morgan Stanley Says To Watch The Oil-Gold Ratio
"The oil-gold ratio has historically been a poor indicator of future oil prices," Morgan Stanley's Martijn Rats…
Nigeria’s Revenues Rise In June On Higher Oil, Tax Receipts
Nigeria’s gross revenues rose to 653.35 billion naira ($1.7 billion) in June from 517.8 billion naira in May due to…
Nigeria: Anxiety As Forex Scarcity Hit Banks
Indications are that most deposit money banks (DMBs) operating in the country are practically struggling to meet…
Nigeria: Waiting on the Revised Petroleum Industry Bill
The much-sought sanity in the petroleum industry may soon be found if the promise by the federal government to…
Nigeria: NNPC Suffers 47% Drop In Petrol Sales Revenue
The Nigerian National Petroleum Corporation saw its revenue from petrol sales plunge by 47.38 per cent to N107.61bn…
UAE Impounds Aircraft Operated By Nigerian Airline Over Safety Violations
Civil aviation authorities in the United Arab Emirates have impounded a private jet operated by a Nigerian airline…
Untold Magical Treasures Of Northern Nigeria
Way before the name ‘Nigeria’ was chosen, in the period that saw the rise and reign of powerful empires and…
Nigeria: No More Hiding Place for Loan Defaulters
Individuals and companies, who have the habit of borrowing from banks, with the intention of not paying back, may…
Nigeria Border Closure: Unsold Inventory Fell By N23.73b In 2019-MAN
The border closure may have been a blessing in disguise as local manufacturers reaped bountifully with many…
Covid-19: Lagosians Groan As Prices Of Foodstuffs, Rent Soar
RESIDENTS of Lagos State may have to devise ingenious means of grappling with the economic impacts of the COVID-19…
Nigeria: Women To Get 60% Of N220bn SME Fund – CBN
The Central Bank of Nigeria has said that women will be given 60 per cent of the N220bn Micro, Small and Medium…
How Did Nigeria’s Treasury Bills Drop From 18% to 3% in 3 Years?
How did Nigeria's treasury bills drop from 18% to 3% in the last three years and why earnings on savings,…
134 Nigerians Stranded In Sudan Arrive In Abuja
134 Nigerians who had been stranded in Sudan have returned to the country.
They arrived at the Nnamdi Azikiwe…
Nigerian Port Authority (NPA) Driving Seaport Operations
During COVID-19 The Nigerian Ports Authority, (NPA), while overseeing the general seaport operation by private port…
Dollar Falls, Euro Hovers At Four-Month High As EU Negotiates Rescue Fund
The dollar was broadly lower on Friday as the euro rose to just under a four-month high, with negotiations underway…
US Opens Borders For Students, Academics And Businesspersons From Schengen Area,…
In an unprecedented move, the United States has decided to open the borders for certain business travellers,…
The End Of The Arab World’s Oil Age Is Nigh
Their budgets don’t add up anymore. Algeria needs the price of Brent crude, an international benchmark for oil, to…
Nigeria:Third Mainland Bridge Alternative Routes Ready, Says LASG
The Lagos State Government has announced that rehabilitation of alternative routes to be used during the closure of…
Portugal Fines Airlines And Passengers Arriving Without Negative COVID-19 Test…
Portugal’s government is fining anyone arriving in the country from the United States, non- European…
Multi-Nationals Finally Recognise Value Of Local Currency Funding
Multi-National organisations, which have long relied on the US-dollar or euro-based funding when doing business in…
Stolen Kuwaiti Money in Beverly Hills ‘Mountain,’ U.S. Says
U.S. prosecutors said money misappropriated from the Kuwaiti Ministry of Defense was used to invest in a Beverly…
Cautious Optimism On Crucial EU Summit Lifts Euro
The euro was heading for four-month highs on hopes a European Union summit will make progress on a recovery fund…
Zimbabwe Accuses ECONET Wireless Of Money Laundering
Zimbabwean police have accused the country’s largest telecom operator ECONET Wireless of money laundering.…
EXPLAINER: How The Policy On Settling Loan Defaults With Funds In Other Banks Will…
The Central Bank of Nigeria (CBN), on Monday, released a policy that would allow banks to settle loan defaults with…
Global Air Passenger Slump To Last Until 2023
Global airline passenger demand won’t recover to pre-coronavirus pandemic levels until the end of 2023, and only…
Foreign Reserves Drop To $36.12bn
The country’s foreign reserves fell by $454.05m from $36.57bn on June 1 to $36.12bn on July 15, the latest figures…