Real Time Financial News Website
With Nigeria’s debt market becoming even more unattractive to foreign investors, Nigerian investors’ only viable trading option will be the country’s now bullish stock market. Nigeria’s treasury bills rate fell…
The Naira weakened against the US Dollar at the parallel market on Wednesday, November 4 as it lost N1 to close at N464/$1 compared to the previous rate of N463/$1.…
Despite availability of the N100 billion Healthcare Intervention Fund, HIF, the scarcity in foreign exchange, forex, market has now posed fresh challenge to the effective utilization of the funds by…
The federal government has threatened to prevent travellers who refuse to make themselves available for compulsory PCR test, seven days after arriving the country from using their international passports for…
The U.S. dollar gained against a basket of currencies on Wednesday after Democrats looked unlikely to take control of the U.S. Senate, leading investors to unwind bets that a large…
Democrat Joe Biden was back as favourite to win the U.S. presidential election in online betting markets, according to Britain-based Smarkets Exchange. President Donald Trump had been favourite overnight. The…
Mr. Oye Owolewa cruised into victory on Tuesday night to become the first Nigerian-American to be elected to the U.S. Congress. The 30-year-old is heading to the U.S. Senate to…
The unique and rare terracotta head, believed to be from Ile-Ife in Nigeria, was intercepted by Dutch Customs at Schiphol Airport in 2018. The government of the Netherlands has returned…
A Former Minister of Education, Oby Ezekwesili, has called out the President Muhammadu Buhari government and relevant authorities over the seizure of passport of Modupe (Moe) Odele. Moe was on…
There were strong indications on Tuesday that the Federal Government had begun a clampdown on promoters of #EndSARS protests by freezing their bank accounts. Some #EndSARS promoters, who spoke separately…
Nigeria’s total public debt may hit N38.68 trillion by December 2021, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has said. The projection, she said, is based on…
Gold erased losses while oil rose as tight races in key battleground states in the U.S. election left investors scrambling to parse the shifting odds in a fraught battle for…
The Federal Government is seeking a $1.2bn external borrowing from Brazil to finance agricultural programmes in the 2021 budget. A request for approval has also been transmitted to the National…
The British pound fell more than 1% against the U.S. dollar on Wednesday as investors sold riskier currencies, with early results in the U.S. election showing a tight race between…
The dollar gave up some gains and riskier currencies remained on the backfoot as markets waited for the U.S. election outcome after early results indicated a tight race, surprising investors…
South Africa’s rand ended mostly flat on Tuesday in turbulent trade as investors awaited the results from the United States presidential election, with Joe Biden’s consistent lead in opinion polls…
Mutual Funds are gaining wide acceptance in Nigeria’s investment climate, with savvy investors choosing the investment plan over savings, Head of Research at Coronation Asset Management, Guy Czartoryski, has said.…
Oil turned lower on Wednesday after President Donald Trump claimed victory in a tight U.S. election, despite millions of votes still to be counted and a final result not expected…
Nigerian immigration officials blocked a prominent anti-police brutality activist from leaving the country and confiscated her passport, she told Reuters on Wednesday. There was no immediate response from immigration authorities…
The Charge d’Affaires of the Embassy of China in Nigeria, Mr Zhao Yong, has said people-to-people exchange between China and Nigeria is thriving, noting that 6,800 Nigerians are undertaking various…
The U.S. dollar jumped and riskier currencies wilted on Wednesday as early results in the presidential election showed a tight race, surprising currency investors who had been betting on a…
Access Bank Plc, Nigeria’s biggest bank, is accused of illegally blocking an account used to promote media coverage of protests against police brutality that recently swept Africa’s most populous country.…
The Nigerian Petroleum Development Company, a subsidiary of the Nigerian National Petroleum Corporation, has reported an explosion at a production facility in Oil Mining Lease 40 involving its partners, Elcrest…
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said Nigeria’s total public debt will hit N38tn by December 2021. Ahmed said this on Tuesday in her presentation…
Respondents to the Central Bank of Nigeria’s (CBN), ‘Consumer Expectations Survey Report,’ have estimated further rise in unemployment rate in the next one year. This was disclosed in the survey…
The Government of Nigeria has decided to ban passports for travelers who refuse to make themselves available for a compulsory PCR test, seven days after arriving in the country from…
Forex turnover rose sharply by 122% as Nigeria’s exchange rate at the NAFEX window depreciated against the dollar to close at N386/$1 during intra-day trading on Tuesday, November 3. Also,…
The Naira yields of T-bills and Federal Government of Nigeria (FGN) bond are lower than its US dollar Eurobonds. This is highly unusual. FX Last week, the foreign exchange rate…
Nigeria’s oil palm research will receive its biggest funding in 10 years if the 2021 budget is passed into law, an analysis of federal budgets since 2010 has shown. The…
The Canadian dollar is set to extend its rally over the coming year if the COVID-19 crisis becomes less of a drag on the global economy, FX strategists said, adding…