September 14, 2023 - Market News Nigeria

China’s Central Bank Cuts Reserve Ratio to Boost Liquidity and Support Economic Recovery

The People’s Bank of China (PBOC) has announced a 25 basis points reduction in the reserve requirement ratio (RRR) for…

U.S. President Joe Biden is set to deliver a major economic speech addressing the consequences of federal budget cuts and…

The International Monetary Fund (IMF) has highlighted the alarming debt levels in Low-Income Developing Countries (LIDCs), which now represent 88%…

The world’s total debt has surged to a staggering $235 trillion, with the United States and China contributing a significant…

A recent report from the Nigerian Communications Commission (NCC) highlights that a significant 84% of equipment and devices used in…

Private employers of labour in Nigeria have cautioned against the proposed strike by the Nigerian Labour Congress (NLC), emphasizing that…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has awarded flare sites to 42 companies operating in the petroleum sector as…

The naira’s value against the dollar took another hit as it closed at 950/$ in the parallel market, further dropping…

Fidelity Bank Plc has successfully acquired a full stake in Union Bank UK Plc (UBUK), marking a significant step in…

Despite a surge in oil prices, Nigeria’s production remains below its OPEC quota. Brent Crude reached $92.28 per barrel due…

Investors in the Nigerian Exchange Limited (NGX) have faced losses of N757 billion over two days following the downgrade of…

Inflation and regulatory charges have led to a 26% surge in total operating expenses for ten major Nigerian banks in…