GITEX 2020: NITDA Unveils Top 10 Nigerian Tech Start-Ups At Global Forum       The National Information Technology Development Agency (NITDA) has unveiled 10 top Nigerian tech startups who have produced critical solutions to emerging technology. The Director-General of NITDA, Kashifu Inuwa said the agency has offered full...

OPEC, Russia Deal Raises Hope For Crude Oil         A fresh hope for oil producing countries such as Nigeria, and Algeria was raised at the weekend as oil prices hit the highest level since early March after major producers agreed to a cautious increase in output...

CBN Boosts Dollar Supply With New Rules On Domiciliary Accounts, Remittance         In an apparent move to boost dollar supply into the economy, the Central Bank of Nigeria (CBN) yesterday introduced new rules that allow beneficiaries of diaspora remittance and transfers into domiciliary accounts to receive...

COVID-19: Oil Rises Above $48 On Vaccine Hope         The international oil benchmark, Brent crude, rose above $48 per barrel on Wednesday, extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand. Brent, against which Nigerian’s oil is priced, rose for a fourth...

CBN Battles Recession, Raises COVID-19 Facility To N300bn       Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday said the bank would raise its COVID-19-targeted facility from N150 billion to N300 billion in order to accommodate more Nigerians in a bid to cushion the impact...

WTO DG: Coast Clear For Okonjo-Iweala As South Korea Withdraws Candidate — Report           South Korea has decided to withdraw its candidate from the World Trade Organisation, WTO, director-general race, according to Washington Trade Daily. Yoo Myung-hee is South Korea’s Trade Minister and its candidate for the...