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Lagos, South Africa and New York
Friday, July 10, 2020

Buhari Confirms Magu’s Suspension, Names Umar As EFCC Acting Chairman

President Muhammadu Buhari on Friday approved the suspension of Acting Chairman of the Economic and...

China Reacts to Nigerians Seeking $200bn Compensation over pandemic

The Embassy of China in Abuja has said the attempt by some Nigerians to institute...

Lagos Lawmaker, Tunde Braimoh dies of Coronavirus

Lagos State House of Assembly member, representing Kosofe II, Tunde Braimoh, is dead. A former chairman...

British High Commission Vows to reopen visa office in Nigeria soon

The British High Commission in Nigeria has said that it would reopen the process of...

Military eliminates 92 terrorists, 104 bandits in a week – DHQ

The military says it has eliminated 92 Boko Haram/ISWAP terrorists and 104 bandits in its...

THIS IS MONEY

Financial planner: Here’s when you should temporarily stop saving for retirement during the pandemic

As the coronavirus spreads across Global economy and the United States, American life has come...

Personal Finance tips to help you survive coronavirus spiked global recession

If you’ve been following the latest financial news, it might look like the U.S.’s longest...

Teaching your kids about personal finance

life can and should be inculcated from a young age. Mandy Porter Talking about money...

8 Easy Ways To Teach Your Kids About Money

It is not easy to teach children and teens about life, let alone money. Most...

The No. 1 job billionaires and multimillionaires held before they got stickinly rich

By Catey Hill And why it’s important for all of us to do that job,...

The Big Read

Private landlords face prospect of rental arrears and falling returns by James Pickford “Pay what you can.” That was the response of one landlord to his tenants in the days following the coronavirus lockdown, as requests rolled in for rent reductions of up to 50 per cent. In messages and phone calls, tenants related how their income had dried up, with business...

Nigerian-based e-commerce giant Konga employs thousands of Nigerians through It’s Konga Affiliate ProjectP

Konga, composite eCommerce giant has revived YUBOSS, a stellar reseller scheme now re-christened as Konga Affiliate through which it is offering millions of smart...

Moody’s Completes Periodic Review of Ratings of Guaranty Trust Bank Plc

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Guaranty Trust Bank Plc and other ratings that are associated with...

Moody’s Completes Periodic Review of Ratings of Nigeria’s Zenith Bank Plc

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Zenith Bank Plc and other ratings that are associated with the...

Moody’s Completes Periodic Review of Ratings of First Bank of Nigeria

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of First Bank of Nigeria Limited and other ratings that are associated...

COMMODITY

Wheat futures jump but global production estimates shrink

CBOT wheat nears one-month high Corn, soybeans touch one-week lows By Tom Polansek CHICAGO, July 8 ...

Gold price surges $1,800, other metals gains as investors eye swift economic recovery

Gold rallied past the technical $1,800 threshold on Wednesday, scaling its highest since September 2011,...

Gold retreats from near eight-year peak as dollar rebounds

Gold dipped on Tuesday as investors booked profits after bullion rallied to a near eight-year...

Gold hits 1-month peak as rising virus fears boost demand

Gold jumped to its highest in more than a month on Monday as investors sought...

Farmers lament as Covid-19 Pandemic hammer Nigeria’s maize output by 30%

Maize output is expected to fall this year by 30%, from projected 25 million metric...

RESEARCH & ANALYSIS

What Investors should Expect from Nigeria economy in H2 2020

Nigerian Economy Given the negative impact of COVID-19 on the world economy, the Nigerian economy is...

Nigeria’s GDP Slows as Growth in Non-Oil Sector Slides by 16.29% in Q1 2020

In Q1 2020, Nigeria’s GDP grew BY 1.87%, slower than 2.55% in Q4 2019 (and...

Consumer Digital Commerce Spend to Fall by 14% in 2020, as Industry is Rocked by Coronavirus Impact

A new study from Juniper Research found that global spending on digital commerce will fall...

Great Lockdown Necessitates Further Downgrade to GDP

In our first assessment of the impact of Covid-19 on economic growth we had assumed...

Unilever Nigeria Q4 2019 Results Review: Losing Grip on the Market

Material cuts to forecast earnings Unilever Nigeria's (Unilever) FY 2019 pretax loss of -N9.8 was far...

NAIJA TECH START-UPs

Maiduguri-based female entrepreneur brings affordable hygiene to women in need

When Zainab Lawan Dalorima asked displaced people in Dalori camp what help they need, they...

Why I relocated to northern Nigeria to start tomato jos, Mira Mehta

When Mira Mehta made the decision to relocate to Nigeria in 2014, her father questioned...

Tomato Jos secures Series A round funding of €3.9m

Tomato Jos, an agro-processing company focused on the local production of high-quality tomato paste for...

Covid-19 reporting: Nigerian Analytics Start-up launch free Analytics App to help journalists with data and insight.

Journalists in Nigeria have a reason to smile, as a major weight of in-availability...

Nigerian based electronic health startup closes $10 million funding round from Japanese investors

LAGOS, May 7 - Helium Health, West Africa’s largest electronic medical records provider, on...

CRYPTOCURRENCY

PayPal’s Bullish Interest In Bitcoin Trading Comes Amid Covid-19 Induced Bounce

PayPal PYPL doesn’t want to be left out of any cryptocurrency bounce and is also...

U.S. Senate Ponders Cryptocurrency, Digital Dollars Amid COVID-19 spike

By Jason BrettContributor On June 30, the U.S. Senate Banking Committee held a hearing that covered...

SEC warn investors from dealing in iBSmartify Nigeria cryptocurrencies

The Security and Exchange Commission (SEC) has warned investors away from dealing with iBSmartify Nigeria...

TigerEx Launches Nigeria’s First Bitcoin Spot Exchange

LAGOS, LAGOS, NIGERIA, July 02 2020 -- TigerEx rolls out revolutionary bitcoin spot market, based...

Meet Nigerian Entreprenuer with the Mission to Deploy Solar-Powered Bitcoin Nodes Across Africa

Look below at the map of public nodes on Bitcoin’s Lighting Network. Europe and the...

Italy suspends Entry From 13 Countries Over Coronavirus Outbreak

Italy has annouced a ban on travellers from Brazil and 12 other countries it considers...

Coronavirus could be caught as airborne transmission in restaurants, gyms and other closed spaces, WHO says

The WHO previously acknowledged that the virus may become airborne in certain environments, such as...

Why bubonic plague might not be a global emergency.

On Saturday 4 July, a man in Eastern China was diagnosed of the bubonic plague...

Africa’s CDC urges more COVID-19 tests, masks, as continent’s cases top 500,000

NAIROBI (Reuters) - African countries urgently need to scale up coronavirus testing and the use...

Nigeria’s confirmed coronavirus cases pass 30,000 -NCDC

LAGOS - Nigeria’s confirmed coronavirus cases passed 30,000 on Wednesday, the country’s disease control...

CURRENCIES

Naira’s official exchange rate may rise to N430/$ in Q4 – Report

Nigeria's naira official exchange rate may fall to N430 to the dollar by the end...

Non-deliverable forwards see naira lose fifth of its value in 365 days

Non-deliverable forwards see the naira losing a fifth of its value over the next 12...

CBN devalues Naira’s official exchange rate by 5.5% to N381 to US dollar

The Nigerian central bank has devalued its official exchange rate by 5.5% to 381 naira...

FGN Bond Yields Moderate for Most Maturities Tracked amid Sustained Buy Pressure…

In line with our expectations, the values of FGN bonds traded at the over-the-counter (OTC)...

Naira Gains Against USD at I&E FXW Despite Dwindling External Reserves…

In the just concluded week, Naira appreciated against the USD at the Investors and Exporters...

WORLD

Bola Tinubu, Ibrahim Magu, The Cabal And 2023 By Rèmí Oyèyemí

"For the innocent, the past may hold a reward, but for the treacherous it's only a matter of time before the past delivers what...

Mele Kyari and NNPC: One Year After

BY REUBEN ABATI A year ago, Mele Kolo Kyari was named as the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC). He...

Turning Nigeria’s Farming Agriculture Into a Wealth Creating Sector

By Ehi Braimah Lagos — Farming is becoming an attractive vocation to Nigerians because food is a basic and essential need for survival. Without food...

GLOBAL ENTREPRENUERS

Africa’s biggest humanitarian, Aliko Dangote has assured Nigerians and Africans that the battle against the coronavirus global pandemic will be won through concerted commitment all stakeholders on fight against the scourge that has also hit Nigeria and the continent on several fronts. In a goodwill message released on the occasion of his 63rd birthday on Friday, April 10, the foremost...

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