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Head of Research
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.
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.
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.
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 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.
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.
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.
Security experts on Tuesday said data gathering and usage were very essential to tackling security challenges in Nigeria.
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.
Coronation Merchant Bank Limited (CMB) has predicted that commercial banks in the country will be unlikely to post large gains in profits this year.
“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.”
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.
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.
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 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.
Diego Simeone's consistency at Atletico Madrid has been rewarded. The International Federation of Football and History Stats (IFFHS) have put the Argentine ahead of managers like Pep Guardiola and Jurgen Klopp.
The Joint Action Committee (JAC) of Non-Academic Staff Union (NASU) and Senior Staff Association of Nigerian Universities (SSANU) had earlier on Tuesday commenced a three-day nationwide protest over irregularities in Integrated Payroll Personnel Information System (IPPIS) payments, non-payment of earned allowances, non-payment of arrears in minimum wage among other issues.
African governments must take urgent steps to prepare for distribution of coronavirus vaccines, the continent's health watchdog said on Thursday, after the African Union announced it had secured 270 million doses.
Details of how Osimhen contracted the virus was revealed on social media as the forward did not follow Covid-19 rules when he celebrated his birthday on December 29, which he has apologized for.
Hajiya Sadiya Umar Farouq, Minister of Humanitarian Affairs, Disaster Management and Social Development, has urged the National Agency for the Prohibition of Trafficking in Persons (NAPTIP) to ensure domestication of the Act in all states.