Oil Rises Towards $72 On Demand Prospects
Oil rose towards $72 a barrel on Friday, trading close to a two-year high as OPEC+ supply discipline and recovering…
Day: June 4, 2021
Customs Agents Suspend Strike At Onne Port
The Area 2 Branch of the Association of Nigerian Licensed Custom Agents has suspended its strike over disagreement with the…
International Trade: Investors Bemoan Nigeria’s Unfriendly Business Climate
Investors have bemoaned the harsh business climate in Nigeria occasioned by security challenges noting that insecurity is increasingly affecting investors’…
Bitcoin Slides After Musk Tweets Broken-Heart Emoji For Token
Bitcoin slid after a cryptic tweet from Elon Musk apparently hinting at a potential split with the largest cryptocurrency, the…
ABCON Bans Street Trading Of Foreign Currencies
The Association of Bureaux De Change Operators of Nigeria (ABCON) says it will launch an “Operation No Street Trading” to…
Duration Of U.S. Dollar Weakness Splits FX Analysts
The U.S. dollar outlook is uncertain, with foreign exchange strategists in a Reuters poll almost evenly split on the greenback’s…
Dollar Soars Ahead Of Payrolls But Can The Rally Last?
The U.S. dollar traded sharply higher against all of the major currencies on Thursday with USD/JPY closing above 110 for…
Nigeria Home To 9,100 Dollar-Millionaires, Worth $207bn – REPORT
Nigeria has recorded about 9,100 high net worth individuals (HNWIs) each with minimum net assets of one million dollars and a…
Foreign Stock Investors Withdraw N99.94bn In Four Months
A total of N99.94bn was pulled out by foreign investors from the Nigerian stock market in the first four months…
Freight Forwarders Endorse Review Of Charges By PTML
Freight forwarding associations at the Ports and Terminal Multipurpose Limited (PTML) Terminal, Tin Can Island Port Complex, Lagos, have expressed…
China Aims To Slow Yuan’s Rise But Likely To Avoid Drastic Steps – Policy Sources
China is likely to lean on incremental steps to slow the yuan’s gains to deter speculators and help its exporters,…
Africa’s Oil-Producing Nations Rally Against Threat To Fossil Fuels
Some African oil-producing nations yesterday opposed what they described as the global conspiracy to shut down the economies of the…
Passengers Suffer Check-In Delays As SITA Withdraws Service
Check-in for hundreds of international air travellers to various destinations was on Tuesday delayed for several hours when the airlines…
CBN Anchor Borrowers Programme Benefits Over 3 Million Farmers
CBN, he said, shall continue to sustain its interventions in the critical sectors of the economy, particularly in Agriculture, Manufacturing,…
Analysis: Japan’s Yen Set To Suffer A While Longer As BOJ Baulks At Tapering
The developed world’s most dovish central bank and companies keen to put cash to work overseas have combined to make…
How CBN, Under Emefiele, Drives Financial Reforms
The Governor of the Central Bank of Nigeria (CBN), Governor Godwin Emefiele, might have made history as the only governor…
Dollar Gains As Strong Run Of Data Turns All Eyes To Payrolls
The dollar was perched at multi-week highs on Friday, after notching up its biggest gains in about a month following…
Pressure Mounts On Naira, Sells At N499/$1 At Black Market
The journey of the Nigerian Naira into the N500/$1 region at the unregulated segment of the foreign exchange (forex) market is just a step…
Assessing Emefiele’s Stewardship At CBN
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele is seven years in office today. In those years, he has…
Nigeria Now Producing, Supplying SIM Cards To Africa Countries – Pantami
The Minister of Digital Economy and Communications, Mallam Isa Pantami, has revealed that Nigeria has established a manufacturing plant in…