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By Stephen Bierman Canada, Nigeria output resumption would compound threat Possible ‘domino effect’ in EU exacerbating uncertainty: Novak Russia warned that crude oil prices may plunge further if the shock of Britain’s vote to exit the European Union is combined with a boost in output. Returning production in Canada and Nigeria, which has been disrupted […]

By Layi Adeloye A former President of the Association of National Accountants of Nigeria, Dr. Samuel Nzekwe, has advised the Central Bank of Nigeria to properly manage the new flexible foreign exchange regime. Nzekwe gave the advice in an interview with the News Agency of Nigeria in Lagos on Wednesday. According to him, if not […]

LAGOS: Lagos housewife Ifeoma Ibeh was preparing to make a stew when she noticed the pepper, onions and tomatoes were missing. One of her neighbours had sneaked into the shared kitchen and stolen them. She later tracked down the culprit, who confessed and apologised, explaining he took the ingredients as he didn’t have enough money […]

The Nigerian currency shed N10 to close at N345, from N335 it closed on Wednesday, representing a depreciation of 2.9 per cent. The naira also traded at N385 to the Euro at the parallel market. At the Interbank window, the naira closed on a negative note at N281.14 to the dollar.

The only certainty in all this is uncertainty. Uncertainty on the markets and uncertainty over the future of trade relations between the UK and Africa. The most internationally traded African currency, the South African rand, is already having a bumpy ride in the wake of the UK’s decision to leave the European Union. Measures of […]

Nigerian exporters can now upscale their operations towards boosting the current low contribution of non-oil exports, which has remained at about 5 percent over the years, with the N500 billion Export Stimulation Facility (ESF) and the N50 billion enhancements on the Rediscounting and Refinancing Facility (RRF) set up by the Central Bank of Nigeria (CBN). […]

By Eric Platt and Nicole Bullock in New York Global stock markets lost more than $2tn of value on Friday in the largest single day drop since at least 2007, as investors dumped risky assets and rushed into havens after the UK voted to leave the EU.The fall precedes what is expected to be a […]

The Central Bank of Nigeria, CBN, has unveiled the implementation modalities of the five hundred billion naira Non-oil Export Stimulation Facility, and the fifty billion naira Export Rediscounting and Refinancing Facility. The Director, Development Finance Department of CBN, Dr. Mudashiru Olaitan who made this known at a forum in Lagos said the Facility would have […]

By Fumnanya Agbugah On Thursday, the United Kingdom (UK) voted to leave the European Union (EU). This decision sent shocking waves to the global financial market on Friday, with the stock markets experiencing huge losses. Billionaires on the Bloomberg Billionaires index  lost 3.2 percent of their total wealth which is $127bn. The UK’s 15 wealthiest citizens […]Read More

North Korea leader Kim Jong Un said after supervising the test launch of a “medium long-range strategic ballistic missile” that the country came to possess “the sure capability to attack” U.S. interests in the Pacific, official media reported on Thursday. South Korean and U.S. military officials have said the North launched what appeared to be […]Read More

Many people say they hate Donald Trump and pray that he doesn’t become president and there are an equal amount of people who do like him. Those that like him believe he speaks his mind and pretty much say how he feels without biting his tongue. Trump has said some horrific and outlandish things about […]

It’s pretty safe to say that Hillary Clinton will not be getting Sister Souljah‘s vote in 2016. The prolific writer and activist had choice words for the Democratic presidential candidate and her husband, former President Bill Clinton, during an interview with the Breakfast Club. When asked if she planned to cast her presidential ballot in […]