Following the closure of the Benin-Nigeria border over the Coronavirus, COVID-19 pandemic, cross border trading amongst Africans in the West African sub-region is now experiencing a serious setback. Hundreds of…
Continue readingThe Monetary Policy Committee of the Central Bank of Nigeria said COVID-19 pandemic would not only result in health crises, but also massive economic crises that would force even leading…
Continue readingThe Central Bank of Nigeria has technically devalued the Naira by pegging the exchange to the dollar at N380 across all the FX market. In a circular released on Friday,…
Continue readingA survey conducted in Lagos on Thursday morning showed that the Private Fuel Marketers have yet to reduce the pump price of Premium Motor Spirit (petrol) to N125 per litre…
Continue readingResponding to the impact of coronavirus on the economy, the Federal Government of Nigeria on Wednesday announced a reduction in the 2020 budget by N1.5tn. Last week Monday, President Muhammadu…
Continue readingThe crude oil price of Brent grade continues to decline at the International market on Tuesday, the brent was traded around $28 per barrel. Brent oil fell by $1.40 to…
Continue readingHistory was made, when the West Africa Container Terminal (WACT) received the First Maersk’s direct service container ship from Far East at the Onne Port in Rivers State. The vessel,…
Continue readingThe Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele on Monday announced some new policy measures to tackle the impact of coronavirus on businesses and the country’s economy. Mr…
Continue readingThe Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele on Monday announced some new policy measures to tackle the impact of coronavirus on businesses and the country’s economy. Mr…
Continue readingThe Federal Government of Nigeria has suspended its plan to borrow $22.7 billion loan due to current realities ravaging the global economic landscape. The Minister of Finance, Mrs. Zainab Ahmed…
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