CBN, Bankers Committee Have More Money For Creative Industry
The Central Bank of Nigeria (CBN) led by Godwin Emefiele, its governor, and the bankers committee still have more money for the…
Category: Business
FX: Customers To Return Unutilized PTA/BTA Within 2 Weeks
Customers who approached commercial banks for the purchase of foreign exchange (FX) at cheaper rates especially for personal travel allowance/business…
Gold Eases On Steady Dollar, Focus On Jackson Hole
Gold retreated below $1,800 on Wednesday as the dollar halted its slide while investors sought cues on the timeline of…
Turkish Lira Rises In Muted FX Trade As Focus Turns To Jackson Hole
The Turkish lira rose on Wednesday while other emerging market currencies were muted as investors turned to an annual U.S.…
Nigerian Tax Tribunal Orders Multichoice To Pay 50% Of Disputed $4.4 Bln Tax Bill
A Nigerian tax tribunal ordered the local unit of South Africa’s pay-TV company Multichoice to pay 50% of a disputed…
Ghana’s Currency Heads For Weakest-Ever Close Vs Dollar
The biggest injection of dollars yet by Ghana’s central bank failed to stem the cedi’s slide on Wednesday amid a…
China Reopens World’s Third Busiest Port After Partial Virus Halt
China reopened a key terminal at the world’s third-busiest cargo port on Wednesday, after a shutdown to control the coronavirus…
Oil Steadies Near $71 After Two-Day Rally
Oil prices steadied near $71 a barrel, taking a breather after a strong rally in recent days as Mexico was…
Sterling Steady, Currency Markets Lack Momentum Ahead Of Jackson Hole
Sterling was little changed on Wednesday, lacking direction as investors waited for the Federal Reserve’s annual economic symposium on Friday…
Dollar Perks Up To Trade Above One-Week Low On Delta Variant Fears
The safe-haven dollar gained on Wednesday to trade above a one-week low versus major peers amid concerns that the highly…
Group Blames FG As Saudi Arabia Recruits Nigerian Doctors
THE Federal Government on Monday feigned ignorance as a firm concluded arrangement to recruit Nigerian doctors for Saudi Arabia. The…
Global Corporate Profits To Fall 8% In Q3 After Record Q2 – Data
Global corporate profits in the third quarter are likely to fall for the first time in 18 months after record…
‘Tax Evasion’: Tribunal Orders Multichoice To Pay N900bn To FIRS Before Hearing Appeal
A tax appeal tribunal (TAT) sitting in Lagos has ordered Multichoice Nigeria Limited to pay 50 percent of N1.8 trillion…
Nigeria: Globacom Redefines TV Viewing With Glo TV Launch
In a bold step to redefine television viewing experience for all Nigerians, Globacom has announced the launch of Glo TV, an innovative TV streaming…
Nigeria: FG Releases N1.3trn To Fund 2021 Capital Budget
The federal government has released N1.3 trillion to fund part of the 2021 capital expenditure budget of its Ministries, Departments…
Retail Trading Apps In Nigeria Face A Defining Moment
There are four startups that allow Nigerians to invest in shares of public companies on US exchanges. But unlike Trove,…
Smuggling: NCS, NSA Grant Border Stations Waivers, Says DPR
The Department of Petroleum Resources has faulted the claim by the Nigeria Customs Service that it was partly responsible for…
South African Unemployment Rate Rises To Highest In The World
South Africa’s unemployment rate surged to the highest on a global list of 82 countries monitored by Bloomberg. The jobless…
IMF’s $650bn Reserves Liquidity Support For Nigeria, Others Takes Off
The International Monetary Fund (IMF) has announced the take-off of its $650 billion set aside under its special drawing right…
Oil Extends Gains On Brighter Demand Outlook, Mexico Outages
The International Monetary Fund (IMF) has announced the take-off of its $650 billion set aside under its special drawing right…
Discos Beg Customers As Blackout Worsens On Grid Collapse
The national power grid has collapsed for the second time in less than a month, worsening the blackout being experienced…
Investors’ Lose N25bn As Stock Market Open Week Negative
Trading at the Nigerian equities market extended last week’s negative performance to the beginning of business for the week yesterday,…
Gas Consumption Lowest In Nigeria Despite 206 Tcf Reserves
Despite boasting of a 206 trillion standard cubic feet of gas reserves and topping major countries, Nigeria’s per capita consumption…
Dollar Holds Near Five-Day Low; Kiwi Dollar Picks Up After Hawkish Comments
The dollar was steady on Tuesday, holding near the previous session’s five-day low, as markets appeared less concerned by the…
Sterling Holds Gains Vs. Dollar After Risk-Led Rebound
Sterling edged lower against the dollar on Tuesday, but held most gains made against the greenback on the back of…
Goldman Sachs Raises Odds On U.S. Fed Taper Announcement In Nov
Goldman Sachs economists have raised the odds that the U.S. Federal Reserve will announce the start of tapering its bonds…
S&P 500, Nasdaq Hit Record Highs On Recovery Optimism
The S&P 500 and Nasdaq hit record highs on Tuesday, boosted by oil and travel-related stocks, after a full U.S.…
Lagos Building Investment Coy. PLC (LBIC) Records Profit, Defies Tough Operating Environment
—Fixes date for 16th Annual General Meeting (AGM) The Lagos Building Investment Company Plc. (LBIC), defied the tough operating environment…
Stocks Making The Biggest Moves In The Premarket: Best Buy, Palo Alto Networks, Camping World And More
Best Buy (BBY) – Best Buy shares rallied 4.3% in the premarket after the electronics retailer beat estimates on the…