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Lagos, South Africa and New York
Monday, July 13, 2020

Overflow of Qua Ibom River: Ibeno community sends SOS to FG

By Sunday Bassey Ibeno (Akwa Ibom), July 12, 2020 (NAN) The Iwuochang community in Ibeno...

FG to review Air agreement with UK, others over landing right withdrawal

Abuja, July 12, 2020 The Federal Government says it will review its Air agreements with...

Hushpuppi 419: Dubai, UAE firms bans Nigeria from applying for jobs, tourist visas

Dubai, United Arab Emirates-based company, Shirley Recruitment Consultants, has released details for recruitment of merchandisers...

Lagos-Abeokuta Expressway Motorists lament over deplorable state of road

By Yemi Adeleye/Millicent Ifeayichukwu Lagos, July 12, 2020 Motorists plying Lagos-Abeokuta Expressway and some residents along...

Evacuation: 247 Nigerians stranded in Malaysia, Thailand arrive Nigeria

By Maureen Okon Abuja, July 12, 2020 Two hundred and forty-seven Nigerians who were stranded...

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...

Here’s fact sheet of PepsiCo’s 3% revenue dip amid pandemic hurt on beverage...

PepsiCo’s net sales fell 3.1% during the second quarter. Excluding items, the company earned $1.32 per share. Pepsi reported falling organic sales for its North American...

Dangote sugar expands market share with takeover of Savannah Sugar

In a bid to enhance production capacity and further increase its market share, shareholders of Dangote Sugar Refinery Plc (DSR) have given the nod...

Ecobank Group appoints former Morgan Chase MD, Alain Nkontchou as Chairman

Mr. Nkontchou has always utilised his wealth of experience on the Board and we look forward to his successful and strong leadership LOME, Togo, July...

COVID-19: Fidelity Bank donates food items to Adamawa govt

Yola, July 11, 2020 Fidelity Bank Plc has donated food items to Adamawa Government as part of its Corporate Social Responsibility (CSR) to...

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

Here is how you can Send and Receive Bitcoin to Your Bank Account in Nigeria

SendCash is a new innovative product enabling Nigerians to easily send and receive bitcoins right...

Firm launches Nigeria’s first Bitcoin ATM in Lagos

Following the increasing adoption of cryptocurrencies and blockchain Technology in Nigeria, a tech company, BlockStale,...

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...

India’s Glenmark Pharma cuts price of COVID-19 drug by 27% to N380 per tablet

India’s leading drug manufacturer, Glenmark Pharmaceuticals on Monday said it has cut price of its...

Nigeria treated, discharged 13,447 COVID-19 patients

By Abujah Racheal Abuja, July 13, 2020 The number of COVID-19 patients discharged in...

Kwara records 19 fresh cases of COVID-19, discharges 12 patients

By Afusat Agunbiade-Oladipo Ilorin, July 12, 2020 The Kwara Government says 19 more people have...

Global coronavirus cases up by over 230,000 – WHO

Geneva, July 12, 2020 The World Health Organization (WHO) reported a record increase in global...

COVID-19: Lagos discharges 47 Nigerians, 9 foreigners

By Oluwafunke Ishola/Florence Onuegbu Lagos, July 12, 2020 The Lagos State government, on Sunday, announced the...

CURRENCIES

FGN Bond Yields Moderate for Most Maturities Tracked on Sustained Demand Pressure…

In the just concluded week, the values of FGN bonds traded at the over-the-counter (OTC)...

NIBOR Rises for Most Maturities on Liquidity Squeeze – SLF hits N1.35 trillion…

In the just concluded week, CBN repayed matured T-bills worth N108.54 billion via OMO. In line with...

Naira Loses Against USD as CBN Devalues Official Rate to N381/USD…

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

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...

WORLD

Exploring Way out of Nigeria’s Health Services Conundrum

By Olubayo Aderemi One of the many gaps the rampaging COVID-19 pandemic has revealed in the fabric of the Nigerian society is the total absence...

Child Witch Persecution And Police Intervention In Ogun State By Leo Igwe

The news that a couple tortured their granddaughter for witchcraft circulated widely on social media. Someone drew my attention to the report in The...

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...

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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