Naira Now Exchange At 522/$1 As Central Bank Of Nigeria Discontinued The Sale Of Foreign Exchange To Bureaux De Change
The naira has dropped to N522 to a dollar at the parallel market as the Central Bank of Nigeria (CBN)…
Day: July 28, 2021
AMCON Takes Over NICON
The Asset Management Company of Nigeria, AMCON, has effectively taken over National Insurance Corporation of Nigeria, NICON Insurance was privatised…
Nigeria Coronavirus Infections Jump To Highest Level Since March
(Bloomberg) — Coronavirus infections in Nigeria surged to the highest level in almost five months as a third wave of…
TECH Binance CEO Changpeng Zhao Says He’s Willing To Step Down As World’s Biggest Crypto Exchange Welcomes Regulation
The boss of cryptocurrency exchange Binance says he’s willing to step down from his role as the company seeks to…
Facebook Will Restrict Ad Targeting Of Under-18s
Facebook Inc (FB.O) will stop allowing advertisers to target people under 18 on its platforms based on their interests or…
IMF Retains 2.5% Economic Growth Projection For Nigeria
The International Monetary und, IMF, has retained its 2.5 per cent projection for Nigeria’s economic growth in 2021. IMF however…
‘Private Sector Aids 60% Illicit Financial Flows From Africa’
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, has said that the private…
Experts Blame COVID-19 As States’ IGRs Shrink By 22% In Two Years
The aggregate internally generated revenue of the 36 states in the country and the Federal Capital Territory Administration fell by…
NGX Set To Drive Listings, Technology, Investor Participation
The Chief Executive Officer, Nigerian Exchange (NGX) Limited, Mr. Temi Popoola has said it aimed to drive listings of new…
Champion Breweries Gains N1.5 Billion In Market Value, p 9%
At the end of today’s trading session, Champion Breweries Plc recorded gains of 9.00% which can be attributed to buy-interests…
Bears Resurface On NGX, Indices Down By 0.12%
Sentiments on the domestic bourse turned negative on Tuesday to halt the five consecutive days of gains, as the Central…
Nigeria’s Capital Importation Fell To $875.62m In Q2
The total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1.91bn in…
Oil Rises On United State Fuel Drawdowns Despite Surging Coronavirus Cases
Oil prices climbed on Wednesday after industry data showed U.S. crude and product inventories fell more sharply than expected last week,…
UK Poised To End Amber List Quarantine For People Vaccinated In US And EU
Ministers to discuss plans, with talks also to determine if they will apply to England only or all UK nations…
Biden Plans To Speed Up Asylum Processing And Deportations At The Border
The Biden administration announced on Tuesday that it will speed up asylum claim processing for migrants at the U.S.-Mexico border…
Two dead, Several Injured In Acid Leak At LyondellBasell Plant In Texas
Two people were killed and several others injured following a leak of acetic acid at a LyondellBasell (LYB.N) chemical plant in La…
United States White House Wants Broadband Funding In Infrastructure Bill
A bipartisan group of senators and the White House are debating extending a program started early in the COVID-19 pandemic…
Nigeria Back To The Debt Trap!
“Our political leaders have suddenly developed not just a taste for, but a voracious appetite for debt. As usual, most…
German Insurers Expect Up To $6.5 Billion In Storm Claims
German insurance industry association GDV estimates that there will be up to 5.5 billion euros ($6.5 billion) in claims from…
Banks’ Credit To Economy Hit N24.23tn, Says CBN
The total credit from the banking sector to the economy rose to N24.23tn as of the end of May, the…
Naira Falls After CBN Stops Forex Sales To BDCs
The CBN says it will not sell dollars to BDCs because they had become a conduit for illicit forex flows…
North, South Korea In Talks Over Summit, Reopening Liaison Office
North and South Korea are in talks to reopen a joint liaison office that Pyongyang demolished last year and hold…