Deregulation: Ideally, Nigerians should be paying N183 per litre for petrol – FG
The federal government has not fully deregulated the petroleum sector and should it do so, Nigerians would be paying about…
FG, Lagos State Stop Barge Operations Along Marina Coastline
The Federal Government, in conjunction with Lagos State, yesterday ordered the stoppage of all barge operations, which have desecrated the…
Pound Near Two-Month Lows On Brexit Worries; Bank Of England Eyed
The British pound held within striking distance of a two-month low on Wednesday before a Bank of England decision on…
Dollar, Sterling, Euro Batter Naira Again In Parallel Market
The Naira has lost all its gains of two weeks ago against the US dollar and other major currencies and…
U.S Reviews Ban On Migrant Visa As Nigeria Meets 90% Requirement
The U.S. government has said that it is reevaluating its ban on some categories of Migrant Visas for Nigerians having…
Oil Prices Below $40: What It Means For Nigeria, Local Oil Companies, Banks
The price of Brent, the benchmark of Nigeria’s crude oil has fallen to $39 as bearish factors mount and sentiment…
Debts – FAAN To Quit Servicing Private Airports
Lagos — The Federal Airports Authority of Nigeria (FAAN) may quit its services for some private aerodrome operators over growing…
Yen Hits Two-Week High On Dovish Fed Expectations; Yuan Rallies
The Japanese yen inched higher on Wednesday as traders bet an ultra-accommodative U.S. Federal Reserve would weigh on the U.S.…
Apple Will Finally Sell Apple Watches To People Without iPhones, Offering A New Hook Into Its Ecosystem
In the five years since the Apple Watch first went on sale, it’s always been an iPhone accessory. But on…
Peloton Thinks It Can Grow To 100 Million Subscribers. Here’s How
Peloton just had a breakout quarter, as sales of its high-tech bikes skyrocketed, and its subscriber base surged at a…
The Coronavirus Has Killed At Least 121 Young People In The U.S., Mostly Minorities, CDC Says
Covid-19 has killed at least 121 people under 21 years old across the U.S., nearly two-thirds of whom were Black…
At Least 24 Million Students Could Drop Out Of School Due To The Coronavirus Pandemic, UN Says
The disruption to schools caused by the coronavirus pandemic constitutes a “global education emergency” that threatens to derail the education…
Peloton CEO On Apple Launching A Workout Service: ‘It’s Quite A Legitimization Of Fitness Content’
Peloton CEO John Foley said Tuesday that Apple launching a fitness platform is a “legitimization” of this type of content.…
Kraft Heinz Looks To Revamp Oscar Mayer Brand, Cut 20% Of Products, As It Rethinks Business
As Kraft Heinz tries to make its new customers stick around after the coronavirus pandemic, the company is rethinking its…
Backup driver in fatal Arizona Uber self-driving car crash charged with negligent homicide
Approval of Oracle’s deal to become a “trusted technology provider” for ByteDance’s TikTok will be announced on Tuesday afternoon, CNBC’s…
CBN Allows Banks To Pay Winnings, Salaries For 7 Banned Betting & Gaming companies
The Central Bank of Nigeria has given some commercial banks instructions to allow betting and gaming companies suspended earlier in…
Snowflake Prices IPO Above Increased Range, Implying Initial Market Cap Of $33.3 Billion
Snowflake, a provider of cloud-based data storage and analysis software, priced its IPO above its increased range in an offering…
There May Not Be Enough Coronavirus Vaccine Doses To Quickly Supply The World, Gates Foundation Says
While the world can likely expect an approved Covid-19 vaccine by early next year, it’s not clear whether the drug’s…
Forex Strapped Nigeria Designates Crypto Assets As Securities
The Securities and Exchange Commission (SEC) of Nigeria has designated crypto assets as securities as the authorities step up efforts…
Nigeria Spends N1.1trn To Service Foreign Debt In Q2’20
The National Bureau of Statistics (NBS) yesterday said Nigeria spent $287 million, about N1.1 trillion, to service its foreign debt…
Buhari Expresses Optimism on Quick Economic Recovery
President Muhammadu Buhari has expressed optimism on the capacity of the Nigerian economy to rebound strongly in the near term…
FG To Repatriate Nigerian Refugees In Niger Republic
The Federal Government has assured Nigerian refugees in Diffa in the Republic of Niger that arrangements are ongoing to return…
Uber, Bolt Drivers Protest Management’s ‘Poor Attitude To Welfare’
Emeka Emerole, chairman of the Abuja chapter of the National Union of e-hailing Drivers Association, said the protest was in…
Osinbajo Attends ECOWAS Extraordinary Summit In Ghana
Vice President Yemi Osinbajo will depart Abuja on Tuesday for Accra, Ghana, to attend an Extraordinary Summit of the Economic…
CBN Unveils Family Homes Financing Initiative Implementation Framework
The Central Bank of Nigeria (CBN) on Tuesday, unveiled a framework for implementation of family homes financing initiative to fast…
Bandits Target Nigeria’s Farmers And Threaten Food Security
Just before the start of crop planting in May, Abdullahi Hassan Wagini visited a neighbor’s farm in northern Nigeria to…
Nigerian Banks Seen Adding Fuel To Kenya’s Deal-Making Frenzy
Nigerian banks seeking to escape the malaise gripping Africa’s biggest economy could find refuge by expanding in Kenya, where the…
Pound Traders See Opportunity In U.K.-EU Brexit Dispute
Pound traders betting the U.K. and European Union are bluffing in their latest Brexit dispute are set for a windfall…
Conversion Of Cars To Gas Fuelling Begins In October, Says Sylva
BY next month, the Federal Government will commence the conversion of cars and generating plants for gas fuelling. The Minister…
OPay And WorldRemit Partner To Offer International Mobile Money Transfer Service
Nigerian financial service technology company, OPay has announced a partnership with leading global digital payments platform WorldRemit, to offer international…