Nigerian Stock Exchange Continues Bearish Trend, Market Capitalization Drops by N58 Billion
The Nigerian Stock Exchange (NSE) has extended its bearish performance from the previous trading session, resulting in a decline of…
Day: August 17, 2023
Binance Shuts Down Fiat-to-Crypto Platform Amidst Crypto Market Fluctuations
Binance, a prominent cryptocurrency exchange, has announced the closure of its fiat-to-crypto payments platform, Binance Connect. This decision comes as…
US Unemployment Claims Fall Slightly, Indicating a Tight Labor Market
The number of Americans filing new claims for unemployment benefits fell by 11,000 to a seasonally adjusted 239,000 for the…
China’s Reluctant Response to Economic Challenges Raises Concerns
China’s economy is facing challenges such as a potential property crisis and stagnation, leading to concerns over the government’s tepid…
Investors Call for Government Support Amid Decline in Manufacturing Sector Profitability
The local manufacturing industry in Nigeria has been hit hard by the harsh operating environment, leading to a significant decline…
Legal Battle Over First Bank Holdings Shares Continues, Court Adjourns Hearing
A Federal High Court in Lagos has adjourned a hearing on various applications related to the controlling shares of First…
Suspended Nigerian Central Bank Governor Faces N6.9 Billion Procurement Fraud Charges
Suspended Central Bank of Nigeria (CBN) Governor Godwin Emefiele is set to be arraigned in court alongside an associate and…
Nigerian Export Promotion Council Targets Over $5 Billion Revenue from Non-Oil Exports
The Nigerian Export Promotion Council (NEPC) is aiming to generate more than $5 billion in revenue from non-oil exports. In…
Manufacturers Association of Nigeria Raises Concerns Over Inflation’s Impact on Manufacturing Sector
The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has expressed concerns about the adverse effects of the…
Nigerian Liquefied Natural Gas Ltd Shutdown Threatens Gas Production
The continued shutdown of operations by Nigerian Liquefied Natural Gas Ltd (NLNG) is posing a serious risk to the country’s…
Nigeria Secures $3 Billion Emergency Loan to Stabilize Naira Amid Concerns
The Nigerian National Petroleum Company Limited (NNPCL) and Afreximbank have jointly signed a commitment letter and term sheet for an…
Naira Rebounds Against Dollar as CBN Announces Intervention
The Nigerian naira has rebounded against the United States dollar in the parallel market, closing at 850/dollar. This rebound comes…