Emefiele: Local, Foreign Banks Invested $10b In Dangote Refinery
Nigerian banks and their foreign counterparts invested between $9 billion and $10 billion in the Dangote Refinery, Fertilizer Plant and…
Month: June 2021
Nigeria To Borrow $1.76 Bln For Security Spending –FinMin
Nigeria plans to borrow 722.53 billion naira ($1.76 billion) from domestic capital markets for additional security spending, Finance Minister Zainab…
Reps Direct CBN To Urgently Check Further Devaluation Of Naira
The House of Representatives on Wednesday directed the Central Bank of Nigeria (CBN) to urgently put in place a policy…
Canada FX Debt-Canadian Dollar Slips As Greenback Broadly Gains Ground
The Canadian dollar fell against its broadly stronger U.S. counterpart on Tuesday, but stayed within its recent trading range as…
BDC Directors Pledge Support For Exchange Rate Stability
Bureaux De Change (BDC) directors have reiterated their commitment to ensuring stable exchange rate in the country. This was part…
Stock Futures Rise As Investors Await key Inflation Report
Futures contracts tied to the major U.S. stock indexes rose during the overnight session Wednesday evening as investors eyed a…
IBM Tells U.S. Employees They Will Return To The Office In September
IBM’s U.S. employees will go back to the office the week of Sept. 7, according to a memo sent to…
Cramer Likes Chevron And Pioneer Natural Resources As Energy Names
While CNBC’s Jim Cramer continues to avoid fossil fuel stocks, there are a few oil names he likes. The “Mad…
Virtu Financial CEO Says Meme Stock Frenzy Not Solely Driven By ‘A Band Of Retail Traders’
The frenzied activity involving so-called meme stocks is being driven by more than just retail investors, the CEO of market…
Here Are The Most Important New Changes Coming To Your iPhone This Fall
Apple’s iOS 15 update will bring lots of new features to your iPhone when it launches this fall. Apple announced…
UBS Says Buy These Cheap Stocks With Pricing Power Amid Higher Inflation
Inflation is expected to increase throughout the summer as the economy rebounds while experiencing supply constraints. UBS said Wednesday it…
Amazon Has Signed Up Multiple Companies To Its Telehealth Service, Executive Says
Amazon has attracted multiple companies that are interested in using its telehealth service, known as Amazon Care, company executive Babak Parviz…
Biden Revokes And Replaces Trump Executive Orders That Banned TikTok
President Joe Biden signed an executive order on Wednesday that sets criteria for the government to evaluate the risk of apps connected…
Two Things Could Trigger The Next Financial Crisis, Says Veteran Strategist David Roche
Stocks are nearing the end of a bull run and the next major market meltdown may not be far away,…
Co-manager Of The Winning Oakmark Select Fund Sees Value In This Payments Stock
Oakmark Funds portfolio manager Tony Coniaris told CNBC on Wednesday that Fiserv has become one of his new favorite stocks and said…
Hot Inflation May Have Become Scorching In May And Is Expected To Hit A 28-Year High
Inflation has been warming up this spring, and it’s expected to hit historical levels for the month of May. The…
More Than 2.3 Million New Stimulus Checks Have Been Sent. Here’s Who Will Get The Money
More than 2.3 million new stimulus checks have been sent, representing over $4.2 billion in payments to Americans, the government…
Facebook Extends Its Work-at-Home Policy To Most Employees
Facebook CEO Mark Zuckerberg announced Wednesday that the company will allow all full-time employees to work from home if their jobs…
Nigeria Coconut Market Worth Over $6 Billion – Minister
The Minister of State Industry Trade & Investment, Marian Katagum, has advised coconut farmers to harness the global potential market…
Buy Pound To Dollar Rate, Target 1.4585 Say MUFG
MUFG expects that the UK economic recovery will continue to gain traction with expectations of a Bank of England rate…
Ahead Of Next Treasury Bills Auction Scheduled For 9th Of June 2021
The Central Bank of Nigeria (CBN) will hold a Treasury Bills (T-Bills) Primary Market Auction (PMA) on the 9 th…
World Bank Raises Nigeria’s 2021 Growth Forecast To 1.8%
Deutsche Bank: Global economic crisis imminent amid rising inflation The World Bank has raised Nigeria’s 2021 growth forecast by 0.7…
Trump Congratulates Nigeria, Which He Once Called A ‘S—Hole’ Country, For Shutting Down Twitter
Former President Donald Trump on Tuesday congratulated Nigeria for blocking Twitter. Trump once referred to African nations, of which Nigeria…
Oil Prices And Foreign Exchange (FX) Reserves
One can almost hear the sigh of relief coming from Abuja. Oil prices are up and the immediate threat to…
How Graft At Seaports Fuels Nigeria’s Poor Rating On Global Corruption Index
Stakeholders in the maritime sector have lamented how corruption in Nigeria’s seaports has marred the ease of doing business in…
Anxiety As CBN Raises Customs Exchange Rate For Cargo Clearance To N404.97/ $1
There was uneasy calm at the nation’s seaports on Tuesday following an increase in the exchange rate for cargo clearance…
Bitcoin Fall Has Strategists Eyeing Possible Drop To $20,000
Another bad week for Bitcoin could be a precursor of more pain to come, according to strategists watching the selloff…
FG: AfCTA To Boost Africa’s Exports By $560bn
When fully operational, the African Continental Free Trade Area (AfCFTA) agreement will boost exports in the continent by at least…
Year-End Euro To Dollar Target Maintained At 1.1500 On Dollar Rebound: Nordea
Nordea: Risk of Inflation Misread on US Jobs Data, Year-End Euro to Dollar Target Maintained at 1.1500 on Dollar Rebound…
CBN Increases Forex Allocations To Banks
The Central Bank of Nigeria on Sunday announced an increase in foreign exchange allocations to banks to meet the requests…