Currencies Tumble As Stocks Erase Gains
What started off as a strong day for risk appetite turned into losses for currencies and equities. The Dow Jones…
Day: May 12, 2021
FG Action On Nigerian Traders In Ghana Excites MATAN
The Market Traders Association of Nigeria (MATAN) has expressed delight on steps taken by the Federal Government to address the…
Glo Begins Reactivation Of SIM Cards
Globacom on Tuesday announced the recommencement of SIM card activation at its service outlets across Nigeria. This is coming after…
$153 Million, 80 Houses Recovered From Diezani —EFCC Boss
The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has disclosed that the commission has recovered $153 million…
Nigeria’s Diaspora Remittances To Hit $22bn – Report
Nigeria’s diaspora remittances have been projected to rise by five per cent to $22bn by the end of 2021. Agusto…
Forex-Commodity Currencies Hold Advantage As Dollar Waits For Inflation And Fed
The dollar nursed losses against the currencies of major commodity exporters which enjoyed support from expectations for further gains in…
CBN: Manufacturing Sector Vital To Economy
THE manufacturing sector plays an important role in the country’s economy and will continue to do so in every economy, the…
Pipeline Outage Causes U.S. Gasoline Supply Crunch, Panic Buying
Gas stations from Florida to Virginia began running dry and prices at the pump rose on Tuesday, as the shutdown…
DPR Pledges To Complete First Floating LNG Production Plant
The Department of Petroleum Resources (DPR) has pledged support to the completion of Nigeria’s first floating Liquefied Natural Gas (LNG)…
CBN Action Won’t Affect FBN Holdings Asset Quality, Profitability—Fitch
Fitch Ratings has disclosed that the removal of the non-executive board members of FBN Holdings Plc and First Bank of…
Stock Market Reopens Upbeat As Capitalisation Rises By N60 Billion
Following gains recorded by most blue chip stocks, the Nigerian Exchange Limited (NGX) reopened in uptrend yesterday, as market capitalisation…
Pound Up Against Dollar And Euro Amid Hopes For Strong UK Recovery
Analysts say SNP’s failure to achieve overall majority in Scottish elections also a factor in highest level against dollar since…
Pound Rallies Over $1.41 To Highest Since February
The pound has surged on the foreign exchange markets today, thanks to a cocktail of economic optimism and fading political…
Nigerian Mid-Crop Cocoa Output Seen Rising – Cocoa Association
Nigeria’s mid-crop cocoa output is expected to rise following higher than expected rainfall which hashelped boost output for the 2020/21…
Gas Flaring Declined In 2020, Study Finds
LAGOS, Nigeria — Gas flaring worldwide decreased by 5 percent in the pandemic year, mostly because of lower demand for…
Nigeria’s Mutual Funds Rose To N1.6tn In 2020 – Coronation Asset
Funds reporting needs to be harmonised as Nigeria’s mutual funds rose to N1.6tn as of the end of 2020, Coronation…