Tuesday, July 14, 2020
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Weaponizing Economic Growth And Truncating Economic Realities By Emaciating Economic Mother Hen – By Bishop Oparaojiaku

It's indeed a refreshing evening with some astonishing moments even as the day greets us with TRINITY one. It was a harmonious life transforming experience as we looked at the scripture emphasizes of Ezekiel 37: 15 to the end, Ephesians 2: 11 to end and then grounded in Psalm 133:1-3. Clearly manifest in the...

Naira Appreciates Against Dollar At Parallel Market

Naira made a rally against the U.S. dollar at the parallel market segment of the foreign exchange (forex) market on Tuesday. Market data obtained from exchange rates platform, abokiFX, revealed that Naira appreciated to N448 to a dollar yesterday, improving by N2 relative to the N450 to a dollar it exchanged for on Monday. The gain is attributable...

Oil Prices Fall, As U.S Stock Rise Stokes Oversupply Fears, Bonny Light Sheds 2.06%

Oil prices fell more than 1% towards $40 per barrel on Wednesday after a report revealed a surge in United States’ oil storage, reigniting worries over glut and poor demand owing to the coronavirus crisis. American Petroleum Institute, an industry group, said oil stocks upped by 8.4 million barrels, contrary to analysts’ forecast envisaging a...

Senate Confirms Lamido Yuguda, Capital Market DG

The Nigeria Senate on Wednesday confirmed Mr. Lamido Yuguda as the Director-General of the Nigeria Capital Market. The confirmation followed a satisfactory report submitted to the Committee of the whole of the Senate by the Chairman of the Senate Committee on Capital Market. Chairman of the Committee, Senator Ibikunle Amosun explained that the nominees appeared before...

Indigenous investment and a new gas economy

THE Assa North /Ohaji South (ANOH) gas and condensate field project, one of Nigeria’s largest Greenfield gas and condensate projects, is expected to play major roles in bridging critical socio-economic gaps and further stabilise the country’s domestic economic growth plan. The $700 million ANOH project represents the new force of indigenous investment as a...

Economic Fugitives And Global Adherents Of Gullible Descriptive Deception Will Collapse – Bishop Oparaojiaku

We bring you TRINITY greetings and wishes. TRINITY church season is the longest of all church seasons and it comes with great expectations both spiritually and materially. It's our collective expectation that the Lord will visit us in a very special way during this year's Trinity season. TRINITY season among other things signifies divine...

CBN Plans N822bn Treasury Bills Sales In Q3

The Central Bank of Nigeria (CBN) will auction treasury bills worth N821.797 billion with varying tenors in the third quarter of this year, its issue programme released on Thursday has revealed. Essentially short-term investment securities issued by a government to finance national borrowing requirements, treasury bills often mature in one year and, in Nigeria’s case,...

The Economy Of Nigeria Is In Labour Room And Depature Lounge – Bishop Chidi

We bring you Pentecost greetings of blessings and God's indwelling Holy Spirit. It is our responsibility to acknowledge some of the good wishes from some of you. We are quite appreciative of all your kind words and encouragement. Last week was dramatic and consequential. This week will be great because of the release of the...

World Bank Approves $346m for Projects in Nigeria, Others

In a bid to strengthen resilience and livelihoods, the World Bank has approved a total of $346 million for two projects in the Lake Chad region covering Nigeria, Cameroon, Chad and Niger Republic. The prevailing security situation in the region has hindered over 49 million people from attaining their livelihoods in fishing, livestock farming, and...

CBN Reduces Interest Rates on OFIs Facilities to 5%

As part of its continued efforts to mitigate the impact of COVID-19 on households, businesses and regulated institutions, the Central Bank of Nigeria (CBN) has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs) from nine per cent to five per cent per annum for one-year, effective March 1, 2020. The bank,...

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