Concerns Rise On Banks’ CRR As COVID-19 Impact On Businesses Bites
Amid the devastating effects of COVID-19 on businesses, commercial banks currently have the issues of Cash Reserve Ratio (CRR) obligations…
Private Tank Farms Crippled Refineries, Says IPMAN
The Independent Petroleum Marketers Association has said that the collapse of Nigeria’s refineries can be traced to the birth of…
Exclusive: EU To Delay Euro Clearing Decision On Brexit Divorce Threat – Source
The European Union is set to delay a decision on allowing clearing houses in London to continue clearing euro transactions…
Naira And Inflation In Focus
Once upon a time, the Naira was worth almost twice as much as the Dollar and equivalent to the British…
‘Over $6b Spent On Wheat Import’
Over $6billion wheat were imported in the last five years, it was learnt. The huge amount of money, findings revealed,…
UK Housing Bubble ‘Set To Burst’ With 14% Hit To Prices Next Year
UK property prices will plunge by 13.8% next year after a recent mini-boom begins to rapidly unravel, new research suggests.…
Nigerian Inflation Seen At 14.15% This Year As Virus Takes Toll -Central Bank
Nigeria inflation is expected to rise up to 14.15% at the end of December, the central bank said, citing supply…
How To Trade Stocks In Nigeria? A Beginners’ Guide
The trend of stock trading has been steadily picking up throughout the world since the advent of electronic trading in…
Zenith Bank Receives $200m From Afreximbank To Maintain FX Trade Flows
The African Export-Import Bank (Afreximbank) has disbursed $200 million to Zenith Bank through its pandemic trade impact mitigation facility (PATIMFA).…
We’ll Convert Your Cars, Generators To Run On Gas, FG Promises Nigerians
The Minister of State for Petroleum Resources, Timipre Sylva, says the Federal Government will from October begin converting the cars…
Dollar Resumes Retreat As Equity Market Mood Lifts, Fed In View
The dollar retreated on Monday against major peers as a wave of M&A deals lifted the mood on global equity…
Pfizer Coronavirus Vaccine Could Be Given To Americans Before End Of The Year
Pfizer’s coronavirus vaccine could be distributed to Americans before the end of the year if found to be safe and…
Nvidia’s Arm Takeover Sparks Concern In The UK, Co-Founder Says It’s ‘A Disaster’
LONDON — Arm co-founder Hermann Hauser has said if would be a disaster if U.S. rival Nvidia buys the British…
Big Tech Needs More Time To Work Off Major Excesses, Top Money Manager Jeff Mills Warns
Big tech’s record win streak may just be on hiatus. Bryn Mawr’s Jeff Mills believes the group will regain its…
Chinese Internet Firms Have Less To Lose Than Telcos When It Comes To U.S. Threats
SINGAPORE — China’s internet companies may be more insulated from a fallout between the U.S. and China than telecommunication equipment…
Airports Concession: Labour Tells FG To Experiment With Unviable Airports
Organised labour has mandated the Nigerian government to start its concession experiment with non-viable airports, rather than the country’s four…
2020 Berlin-Lagos Residency For Artists Begins
The impacts of the COVID-19 pandemic on the global cultural scene notwithstanding, a new phase of the residency exchange, initiated…
FOREX-Pound Haunted By Brexit, Yen Looks To Abe Successor Vote
The British pound flirted with a 1-1/2-month low against the dollar on Monday on fears about no-deal Brexit while investors…
Opec To Meet In The Shadow Of A Stalling Oil Market
It was meant to be the week when Opec nations gathered in Baghdad to celebrate the cartel’s six decades as…
Ghana Raises Cocoa Farmers’ Pay By 21% After Premium Surcharge
Ghana has raised its farm gate price for cocoa by 21% after implementing a $400 per metric ton premium on…
Destructive Wildfires Tear Through U.S. West Coast, Prompt Widespread Evacuations In Oregon
Dozens of major wildfires are burning through the U.S. West Coast, destroying hundreds of homes and wiping out entire neighborhoods…
Microsoft Wants To Take On Amazon In Connecting Satellites To The Cloud
Microsoft is looking to challenge Amazon in offering a service that connects satellites directly to the company’s cloud computing network,…
Lagarde Retreats From Currency War, Accepting Deflation As The Euro Spirals Higher
The European Central Bank has dashed hopes of fresh stimulus to buttress the faltering recovery and to restrain the surging…
Nigeria’s Gasoline Price Deregulation Seen Hitting European Refiners
The demand-side impact of Nigeria’s decision to fully deregulate retail gasoline prices this week may be modest in the near…
Forex Ban: Nigerians Should Not Be Punished For CBN’s Failure To Protect Naira – Adamu
A senior lecturer in the Department of Economics, University of Abuja, Dr Ahmed Adamu, has said that the timing of…
Nigeria Issues Travel Protocol For China, America, Europe-Bound Passengers
The Comptroller-General of Nigeria Immigration Service, Muhammad Babandede, has directed that all intending passengers to China are to obtain COVID-19…
Former Central Bank Official: Japan Should Take A Digital Yen Seriously
Japan is in no rush to digitize the yen but there are reasons the country should think seriously about a…
Dr. Scott Gottlieb Blames Early Virus Testing Failures For Making March Lockdown The Only Choice
The lack of widespread coronavirus testing early in the outbreak in the U.S. will be remembered as the nation’s biggest…
European Markets Close Slightly Higher With Brexit Standoff In Focus; Altice Europe Up 24%
European markets closed slightly higher on Friday as investors monitored tense negotiations between the U.K. and the European Union. TICKER…
Fraternities Blamed For Campus Coronavirus Outbreaks As Universities Struggle To Keep Students In Class
Climbing Covid-19 cases among university students living in fraternity and sorority houses in the U.S. have threatened to overturn carefully…