What CBN Says Concerning The N75bn Youth Investment Fund
The Central Bank of Nigeria (CBN) has released the framework for NIRSAL Microfinance Bank (NMFB) to commence the disbursement of…
Year: 2020
Dollar Tilts Towards Biden Win Heading Into U.S. Election
Foreign exchange markets in Europe tilted on Tuesday towards pricing a victory for U.S. Democratic candidate Joe Biden against President…
Nigeria Can Earn $1bn From Leather By 2025 — NEPC
The Nigeria Export Promotion Council (NEPC) has said that the leather industry could generate $1bilion for Nigeria by 2025. The…
Investors’ Interest Growing In Nigeria’s Gold Value Chain — PAGMI
In this April 16, 2020, file photo, a customer puts gold bars on basket for sell to a gold shop…
Biden Win Could Cause A Huge New Oil Glut
As if the oil market needed another uncertainty in the year of the pandemic, a Joe Biden win at next…
Capital Market Halts Gain With N26bn Loss
The Nigerian equity market on Monday closed the market in the red as investors began to take profits to increase…
Fear Dominates The Lives Of Nigerians: The Consequences Are Dire
Is Nigeria a failed state? Former president and would-be elder statesman Olusegun Obasanjo seems to think so… well, almost. On…
Nigerian Insurers Face Record Claims As Protest Costs Mount
Nigerian insurers are facing their biggest claims on record after protests against police brutality turned violent, leading to large-scale looting…
Oil Marketers: Stalled PIB Hampered Investment In Downstream Assets Digitalisation
Marketers of petroleum products in the country have continued to highlight the negative impact of the long delay in passing…
Sterling Calm Vs Euro, Overnight Implied Volatility Soars To Highest Since March
Trading in the British pound was relatively calm on Tuesday as the currency stayed neutral against the euro and rose…
‘Deregulation Will Reduce Corruption In Oil Industry’
Members of the Major Oil Marketers Association of Nigeria (MOMAN) , a group comprising 11 Plc, Conoil Plc, Forte Oil…
Nigerian Currency Gains 37 Kobo At Investors’ Window, Sells At N385.63/$1
The Naira came out stronger against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange…
Biden Leads Trump In National Polls, But Key States Tighten On Election Eve
Former Vice President Joe Biden’s consistent polling lead over President Donald Trump is showing signs of narrowing in key swing…
European Markets Close Higher On Upbeat Manufacturing Data; Ocado Up 8%
LONDON — European stocks closed higher on Monday as promising manufacturing data out of the euro zone and China boosted…
Oil Reverses Steep Loss To Gain Nearly 3% Despite Rising Covid-19 Cases
Oil prices gained more than 2% Monday, shaking off earlier losses, as the United States heads into a contentious U.S.…
Gold Rises As Pandemic Worsens, U.S. Elections In Focus
Gold prices gained on Monday on uncertainty surrounding the outcome of Tuesday’s U.S. presidential election, while a spike in global…
Why Remittances To Nigeria’s Economy Slumped
Monies sent from Nigerians living abroad is beginning to dry up. Remittance inflows that for long have been a significant…
A Rough And Rocky Road Ahead For Nigeria’s Economy?
Africa’s largest economy commenced the final quarter by facing some of the biggest protests witnessed since military rule ended in…
Apple Announces Event For Nov. 10 Where New Macs With Apple Chips Expected
Apple announced on Monday an event for Nov. 10 where it’s expected to announce new Macs. The launch event will…
AMC Seeks Stock Sale To Raise $50 Million To Stave Off Bankruptcy
AMC, starved for cash, is looking to sell up to 20 million class A shares to secure nearly $50 million…
How Fintech Companies Revolutionised Banking
The advent of financial technology (fintech) companies have changed the dynamics in the nation’s banking and financial service landscape with…
Wall Street Rebound Accelerates As Dow Jumps More Than 500 Points
Stocks jumped on Monday, the first trading day of the month, as markets tried to recover from a brutal week…
An $11 Trillion Global Hydrogen Energy Boom Is Coming. Here’s What Could Trigger It
Some 130 miles south of Salt Lake City, engineers are working on what will become a giant cavity in the…
Dow Jumps More Than 400 Points As Wall Street Rebounds From Worst Week Since March
Stocks jumped on Monday, the first trading day of the month, as markets tried to recover from a brutal week…
Supreme Court, With Justice Barrett, To Hear Major LGBT Rights Case Day After Election
The Supreme Court is set to hear a case concerning the rights of gay and lesbian Americans on Wednesday morning…
America’s Malls Under Pressure: CBL, Pennsylvania REIT, File For Bankruptcy
Mall owners CBL & Associates and Pennsylvania Real Estate Investment Trust have filed for Chapter 11 bankruptcy protection, highlighting the…
McDonald’s Hires Reginald Miller As Diversity Chief Amid Corporate Turmoil
McDonald’s is hiring a new chief diversity officer as it struggles with charges of harassment and racism at all levels…
To Save Nigeria, Fayemi, El-Rufai Insist Restructuring Is The Way Out
The Chairman of the Nigerian Governors’ Forum (NGF) and Ekiti State Governor, Dr. Kayode Fayemi with his Kaduna State counterpart,…
‘Fundamentals Investors Should Look For As Markets Change’
NIGERIAN financial markets are trading on opposing sides, declining yields in the fixed-income market is fuelling a rebound in the…
Euro, Yen Implied Volatility Highest Since April As Traders Prep For U.S. Election
One-week implied volatility gauging levels in the euro and the Japanese yen rose to their highest since beginning of April,…