Month: June 2022

The dollar edged off a two-week high on the euro, ahead of inflation data that should guide the Federal Reserve’s…

Asian shares tracked a global equities sell-off on Friday as rate hike guidance from the European Central Bank. Jittering over…

Big U.S. Banks, including JPMorgan Chase & Co (JPM.N) and Citigroup (C. N), appear set for some earnings boost from…

Sterling Bank Plc is targeting to achieve N50.487 billion in gross earnings for the third quarter of 2022.In its Q3…

Air Peace and other airlines’ traffic across Africa increased by 116.2% in April 2022. This is compared to a year…

The Bundesbank cut its growth projections for the German economy on Friday and predicted sharply higher inflation. This is due…

Operators in the oil and gas sector remain uncomfortable with the continued rise in the amount spent in subsidising PMS.…

The exercise to register customers with electricity distribution companies has remained at 10 million for the previous two years. Further…

The exchange rate between the naira and the US dollar closed at N422.5/$1 at the Investors and Exporters (I&E) window.…

The gap between the savings and lending rates in the banking sector widened by 25.33% in March- CBN. CBN money…

Thirty-two states in Nigeria (Kaduna and Rivers) did not attract any foreign investments in the first quarter of 2022- PUNCH.…

Over 180,000 traders lost approximately $520 million as Bitcoin traded below $25,000, a price point, not seen since December 2020.…

Total assets under the Contributory Pension Scheme rose by N640bn in four months to N14.06tn- National Pension Commission. The funds,…

The FG’s total borrowing from the Central Bank of Nigeria rose from N17.46tn in December 2021 to N19.01tn in April…

The Nigerian insurance sector grew by 15.68% in 2022 Q1 financial period- the National Bureau of Statistics, NBS. The statement…

Nigeria’s cocoa production is expected to increase from 340,000 tonnes to 500,000 tonnes by 2024, according to the Federal Government.…

Russia’s Industry Ministry expects car sales to halve in 2022 as the country’s automobile industry grapples with supply issues. “We…

Bloomberg has vastly expanded its coverage of the cryptocurrency markets. Following a decision to include data on the top 50…

Elon Musk got into a Twitter spat with Australia’s third-richest man on Friday. The Tesla Inc (TSLA.O) chief executive said…

Australia’s largest casino operator Crown Resorts Ltd (CWN.AX) said on Friday regulators in the state of Western Australia had cleared…

The experts spoke at the maiden edition of the Chartered Insurance Institute of Nigeria’s program tagged, ‘Insurance industry parley’. The…

Mastercard, a leading payment giant plans to use card payments to expand access to the non-fungible token (NFT) market. Raj…

Listed commercial banks operating in Nigeria paid an aggregate of N7.72 billion to auditing firms in 2021, which is 25.1%…

Asia’s stocks rose on Wednesday, encouraged by a rally on Wall Street. But worries kept gains in check that aggressive…

Tuesday, June 7th,2022: At the Investors and Exporters (I&E) window, naira and the US dollar exchange rate closed at N420.75/$1.…

Under heavy pressure from Western sanctions and airspace bans, Russian state flagship airline Aeroflot (AFLT.MM) plans to raise up to…

As investors build enormous positions against the Asian currency, the dollar rally has reached a 20-year high versus the yen..…

Oil prices drifted higher on Wednesday, anticipating a report of low U.S. oil stocks. While expectations of solid demand in…

Fashion giant Zara’s owner, Inditex (ITX.MC), reported on Wednesday that its quarterly profit jumped 80%. on the back of soaring…