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Head of Research

The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank sells N4.1 trillion worth of special bills

Following last week’s introduction of 90-day special bills by the Central Bank of Nigeria (CBN), the apex bank yesterday sold N4.1 trillion worth of the instrument in the money market.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN releases banks’ excess CRR to spur economic recovery

As part of efforts to support economic recovery and propel the quest to return to the growth path, the Central Bank of Nigeria (CBN) has approved the release of banks’ excess cash reserve requirement (CRR), which is above the regulatory minimum.

Dollar buoyed by yields surge jump after Fed’s inflation shift

The dollar held gains against major currencies, on Friday, after the Federal Reserve’s aggressive new strategy to lift employment and increased tolerance for higher inflation pushed United States bond yields up.
The African Export-Import Bank (Afreximbank) says it is providing one billion dollars grant to African countries to support the implementation of the Agreement for the African Continental Free Trade Area (AfCFTA).

NESG: How AfCFTA will impact economy

The Nigerian Economic Summit Group (NESG) has conducted a study on the impact of the African Continental Free Trade Area (AfCFTA) on key macroeconomic variables.
Egyptian pound

Egypt’s annual urban consumer inflation falls to 4.8% in September as reforms bite

Egypt’s annual urban consumer price inflation decreased to 4.8 per cent in September from 7.5 per cent in August, the statistics office said on Thursday.

Nigeria loses over N3 trillion in non-oil exports – NEXIM chief

Nigeria has lost about $10 billion (about N3.6 trillion) over the past five decades in non-oil export opportunities, comprising crops such as cocoa, oil palm, cotton and groundnut.
Smoke billowing after a fire at a Saudi Aramco factory in Abqaiq, Saudi Arabia, on Saturday. VIDEOS OBTAINED BY REUTERS-REUTERS

Saudi, Gulf stocks fall after attacks on Aramco oil plants

Saudi stocks fell sharply on Sunday, after attacks on two plants at the heart of the kingdom’s oil industry a day earlier knocked out more than half of Saudi crude output.

Expert: Why more young Nigerians are leaving the country

The Institute of African and Diaspora Studies (IADS) at the University of Lagos (UNILAG), on Thursday said that unemployment was a major reason why more young Nigerians are desperately seeking opportunities abroad.

Experts: Data essential to tackle security challenges in Nigeria

Security experts on Tuesday said data gathering and usage were very essential to tackling security challenges in Nigeria.

Oil edges up amid tightening supply, economic slowdown weighs

Oil prices inched up on Wednesday amid supply cuts by producer group, OPEC, and U.S. sanctions on oil exporters, Iran and Venezuela, but pressured by expectations that an economic slowdown could soon dent fuel consumption.

CMB: Banks unlikely to post larger profits in 2019

Coronation Merchant Bank Limited (CMB) has predicted that commercial banks in the country will be unlikely to post large gains in profits this year.

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Super Falcons captain Asisat Oshoala has announced the death of her stepmother.

Super Falcons skipper Asisat Oshoala loses stepmum

“I’ve heard lots of it has happened, it has happened, there is nothing you can do to bring her back, you are a strong girl… I just cannot process these lines, mummy, you are not gone; it is not possible.”
“I think this matter should be handed to scientists and medical professionals, and not politicians, who lie for their own domestic political ends,” said foreign ministry spokeswoman, Hua Chunying, at a regular press briefing.

China to sanction U.S. officials for ‘nasty’ behaviour over Taiwan

Ministry spokeswoman Hua Chunying made the comment in response to a question about U.S. Secretary of State Mike Pompeo’s decision this month to lift restrictions on contacts between U.S. officials and their Taiwanese counterparts.
Russian opposition politician Alexei Navalny and his wife Yulia are seen in a still image from video on board of a plane before the departure for Moscow at an airport in Berlin, Germany January 17, 2021 in this still image from video obtained from social media. Courtesy of Instagram @NAVALNY/Social Media via REUTERS

UK worried about Alexei Navalny’s safety after Russia detains him – minister

Britain is worried about the safety of Kremlin critic Alexei Navalny after he was detained on return to Moscow, British Vaccine Deployment Minister Nadhim Zahawi said on Monday.
The National Drug Law Enforcement Agency, (NDLEA) Nnamdi Azikwe International Airport (NAIA), Abuja has intercepted 21.9kg of Cocaine.

NDLEA intercepts 21.9kg of cocaine at Abuja airport

According to him, during the inward clearance of the flight, the vigilant officers of the Command became suspicious upon noticing that the two brief cases were abandoned on the conveyor belt without any of the passengers claiming them.
The Nigeria Governors’ Forum (NGF) and the Federal Government have commenced a Human Capital Development (HCD) plan towards moving 24 million Nigerians out of poverty before 2030.

Nigerian governors to meet over coronavirus second wave as schools re-open

The Nigerian Governors Forum on Monday said it will meet on Wednesday to chart a way out of the second wave of the pandemic as schools reopen across the country.