Morning Bid: Rate-cut hopes meet Mid-East risks
Jerome Powell, U.S. Federal Reserve Chair, hinted at a potential interest rate cut in September during his speech at the…
Day: August 26, 2024
Fed’s shift to job market risks is done; now policy has to catch up
The Federal Reserve is navigating a delicate situation as today’s interest rate of 5.25%-5.50% is seen as restricting economic growth…
Darkening global outlook, central bank pivots signal more turbulence
At the annual Jackson Hole conference, global policymakers highlighted the shifting focus of central banks from high inflation to weakening…
Nvidia Q2 sales likely to double, even a slight miss may hurt shares
Nvidia is set to report its second-quarter earnings on Wednesday, with expectations that revenue will more than double. The company’s…
Customs ushers in new leadership with latest appointments
As the Nigeria Customs Service (NCS) bids farewell to several key management members due to statutory retirement, Comptroller General of…
Tinubu to inaugurate N178bn Onne terminal next week
President Bola Tinubu will officially open the newly upgraded West Africa Container Terminal (WACT) in Onne, Rivers State, next week.…
FX turnover hit $7.4bn in July – Report
In July, Nigeria’s foreign exchange turnover reached N11.48 trillion ($7.39 billion) at the official trading window, up from N10.01 trillion…
CBN, SEC okay Ecobank custody business
Ecobank Nigeria Limited has received approvals from the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN)…
Naira shows strength, dollar hits two-year low against British Pound
The Nigerian Naira strengthened against the US dollar during Friday’s trading session, appreciating to N1570.14/$ from N1586.1/$ on Thursday. This…
We support NDC’s fixed rate proposal on imports – Abossey Okai Spare Parts Dealers
Ireland has donated €200,000 to the World Trade Organization’s (WTO) Standards and Trade Development Facility (STDF) to enhance global food…
Nigeria’s domestic dollar bond steals Eurobond shine
Jamiu Agah, a Lagos-based IT consultant, is one of many Nigerians excited about the Federal Government’s new domestic dollar bond.…
FG’s million-dollar oil surveillance contract duplication raises questions
The Federal Government is embroiled in controversy over allegations of awarding duplicated oil contracts worth millions of dollars. The contracts,…
No Nigerian airline’ll survive current economic crisis –Fairfax Africa Fund predicts
Fairfax Africa Fund, backers of the failed Nigeria Air project, has forecasted the collapse of all but one domestic airline…