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NNPC announces no more payment of oil subsidy going forward

GROUP Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said Nigeria would no longer pay subsidy on petrol with...

World Bank approves $2.2b loans for Nigerian projects

The World Bank has approved $2.2billion loans for six projects to support Nigeria’s development priorities. The bank said on Wednesday that the projects would be...

Pound Sterling Reverses Early Fall As UK Finance Minister Says Budget...

Sterling reversed its earlier losses on Tuesday and hit a session high against the dollar at $1.3040 after UK Chancellor Rishi Sunak said in...

Euro Struggles Near Three-Year Low, Drops Against Dollar After Bleak German...

Economic Slowdown: Investors worried about weakening growth in the region The euro struggled near 3-year lows on Monday as investors worried about weakening growth in...

Best Investment Options in 2020 AS T-Bill Slumps — Northcourt Suggests

Shares, Bonds, Real Estate, Best Investment Options in 2020 IN view of the continuous slump in Treasury Bill (T-Bill) yields, occasioned by the stoppage of...

World Bank To Deliberate on Nigeria Multi-billion Dollar Loan Request

World Bank Executive Board will determine whether to approve Nigeria loan or otherwise. Barring any change of plan, the World Bank will, tomorrow, deliberate on...

United Arab Emirates issues reactor licence for first Arab nuclear power...

The United Arab Emirates (UAE) said Monday it has issued a licence for a reactor at its Barakah nuclear power plant, the first in...

Thailand raises over $3.2bn in 5G licence auction

Thailand has raised more than $3.2 billion in an auction of 5G licences, as operators race to snap up high-frequency spectrums needed for a...
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Amazon: Jeff Bezos wins court injunction against the US ‘Jedi’ contract...

Court orders the US to halt its Jedi activities Amazon, earlier accused officials of bowing to pressure from the United State president, Donald Trump. A judge...

Facebook: Mark Zuckerberg Accepts To Pay More Tax in Europe

Facebook paid just £28.5m in corporation tax in 2018 despite generating a record £1.65bn in British sales, according to UK report. Taxes should be based...

CBN Offers 5-Year Naira-Futures Contract For First Time 

Nigeria’s central bank has introduced longer-term contracts on the naira in a move to attract more foreign inflows, shore up its dwindling dollar reserves...

Nigerians React To One Billion Oil Barrels Found In North-East

One Billion Oil Barrels Was Reportedly Discovered In The North-East Of Nigeria, According to Federal Government. Mixed reactions flood the internet. Nigerians took to social...

CBN Injects Additional $210m Into Forex Market

The Central Bank of Nigeria (CBN) has once again injected the sum of $210 million into the interbank foreign exchange market to boost liquidity...

Eni Pipeline Explosion: Security Officials Claim Blast Shuts Oil Pipeline Feeding...

According to security report, an oil pipeline explosion in Nigeria forced the local subsidiary of Italian oil major Eni to close a pipeline feeding...