Federal Government Pens OPEC, Requesting Higher Oil Production Quota
Nigeria has now officially written the Organisation of Petroleum Exporting Countries (OPEC), requesting a higher production quota under the OPEC+…
Year: 2021
Analysts Worries, Gives Pathways To Debt Sustainability
Analysts have implored the Federal Government and sub-nationals to reduce recurrent expenditure, especially cost of governance, to accommodate more capital…
Foreign Airlines Grow Their Interest In Nigeria As Travel Rebounds
The return of foreign airlines into the Nigerian airspace and arrival of new entrants show that foreign airlines are increasing…
Robinhood To Debut Feature That Gives Traders More Control Over Digital Tokens
Robinhood is debuting a feature that gives traders more control over digital tokens in its latest expansion in the cryptocurrency…
CBN Urges Against Speculation, Manipulation Of Forex
The Central Bank of Nigeria has warned Nigerians to be wary of the activities of speculators who sought to manipulate…
The New Mercedes E-Class
Weststar Associates Limited, the authorised general distributor of Mercedes-Benz in Nigeria, has announced the delivery of the new Mercedes-Benz E-Class…
President Muhammadu Buhari Seek For The Amendment Of Petroleum Industry Act
President Muhammadu Buhari (retd.), has asked the Senate to amend certain provisions of the controversial Petroleum Industry Act. He was,…
Nigeria record $18.9 billion OTC FX Futures Contracts in 2020
OTC FX Futures (OTC FX Futures) are non-deliverable forwards or contracts where parties agree to an exchange rate for a…
NLNG Describes Nigeria’s Cooking Gas Shortage, Price Hike
YET another indication of Nigerian health workers’ discontent with the increasingly inclement working climate in the country was provided last…
Dollar Near A Month High As Investors Concentrated On Evergrande Risks
The dollar held below a near one-month high on Wednesday as investors focused on two key risks — a default…
Three Nigeria Bank Generated N75.24 Trillion From Electronic Banking Transactions
With the adoption of digital banking channels and more customers migrating to electronic banking following Covid-19 restrictions, three leading banks,…
Dangote Cement Gets New Leadership
Dangote Cement Plc has appointed Mr. Philip Mathew its new deputy group managing director and chief executive officer. According to…
DraftKings Makes $20 Billion Offer To Acquire U.K. Online Sports Betting Company
DraftKings is making a $20 billion offer to acquire U.K. online sports betting company Entain, The offer is largely in DraftKings stock,…
Oil Climb By 1% As US Hurricane Aftermath Tightens Supply
Oil prices rose on Tuesday as analysts pointed to signs of U.S. supply tightness, ending days of losses as global…
Bitcoin Falls Below $40,000 Among Regulatory Drumbeat, Fed Risk
Bitcoin struggled for a third day, dropping briefly below $40,000 for the first time since August amid rising criticism from…
Nigeria External Debt Stock Figure Rise To $14.37 Billion
The Debt Management Office disclosed in a statement on its website on Tuesday titled ‘Nigeria raises $4bn through Eurobonds’. This…
2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Presentation Stepped Down – Nigerian Senate
The disagreement between the leadership of the Senate and the joint Senate committees that worked on the 2022-2024 Medium Term…
Order Book For $3 Billion Nigeria Eurobond Issue Opened – Investor Notice
Nigeria opened the order book for a $3 billion Eurobond offering on Tuesday, aiming to issue the bond next week,…
BP Oil Trader Pronounced To Be Fired Over Nigeria Bribe Concerns
BP Plc fired an ex-oil trader because he voiced concerns about bribes being paid in Nigeria to secure local contracts, according…
Most Virtual Currency Activity Is Legal: U.S. Treasury Department Emphasize
The U.S. Treasury Department announced Tuesday it will sanction a cryptocurrency exchange for its alleged role in laundering ransoms for…
AT&T CEO Says He Is Dissatisfied About Company’s Bran
AT&T CEO John Stankey said he’s unhappy with his company’s brand and plans to refresh the wireless carrier’s image in…
Merchants And Business Outlets Must Accept E-Naira As A Form Of Payment
The Central Bank of Nigeria says the e-naira which is set to be launched on October 1 is a legal…
Google Introduce Auto-Resetting Permission Feature To Android Users
In an attempt to protect old android phones from malware and malicious ad trackers, Google is set to unveil a…
Twitter Is To Pay $809m To Settle A 2016 Lawsuit
Twitter announced Monday it will pay $809m to settle a 2016 lawsuit alleging members of the social network’s leadership, including…
No More Electricity Subsidy For Nigerians Starting From January 2022
With plans to end the electricity subsidy from next year, Nigerians would have to pay more for the commodity under…
Let’s Unlock Nigeria’s Housing Deficit: Vice President Osinbajo
Vice President Yemi Osinbajo has urged financial market experts to support the Federal Government’s efforts by developing an appropriate housing…
Nigeria Exchange Market Close Negatively Amidst Sell-Offs
At the end of today’s trading session, the Nigerian Exchange market closed negative amidst sell-offs and buy-interests as the benchmark…
N2.35 Trillion Generated From The Sale Of Petroleum
The Nigerian National Petroleum Corporation on Monday said that the total revenue generated from the sale of petroleum products for…
Fintech Company Wise Debuts Investments Feature That Allow Users Invest In Stocks
British financial technology firm Wise debuted an investments feature Tuesday that lets users invest in stocks through multiple currencies and…