SEC Issues Interoperability Framework Among CSDs
The Securities and Exchange Commission has issued an Interoperability/Financial Markets Infrastructure Link Framework among Central Securities Depositories to enhance the efficiency of…
Category: Business
H2 Outlook: Analysts Tip Non-Oil Sector To Drive Growth As GDP Eyes 2.63% Y/Y
The non-oil sector has been tipped to drive the economy in the second half of 2021. Inflation which has maintained…
Gas Marketers: Naira Devaluation, Huge Supply Gap Responsible For Surge In Cooking Gas Price
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) says naira devaluation and huge supply gap caused the surge in…
FG Approves Award Of Bayelsa Oilfield To New Owners
The federal government has approved the handing over of the Atala oilfield, a revoked asset hitherto owned by the Bayelsa…
NNPC Says No Petrol Price Increase In July
The Nigerian National Petroleum Corporation (NNPC) has said the official price of a litre of Premium Motor Spirit (PMS), otherwise…
Oil Prices Could Skyrocket If OPEC+ Fails In Pledge To Deliver More Supply
Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of…
Economy At Half Year: Investors Lose N1.2tr, Naira Depreciates By 8 Per Cent
Nigeria’s economic and financial health status deteriorated sharply in the first half of this year as rising hyperinflation compounded currency…
Bank Of England’s Andy Haldane Warns Of Inflation Rises
The Bank of England’s outgoing chief economist has warned that inflation could rise by more than expected and force the…
Reps Pass PIB
The House of Representatives on Thursday passed for third reading the Petroleum Industry Bill 2021. Chairman of the House Adhoc…
World Not Ready For 240 Million Migrants If Nigeria Implodes, UN Warns
The United Nations has warned youths not to work against the interest of the country, saying the world won’t be…
Charts Show Africa’s Set For Higher Interest Rates
Africa’s oldest central bank celebrates its centenary Wednesday just as it started — steering South Africa through an economic crisis.…
Oil Price Predicted To Hit $100/Bbl In 2022
Crude oil price may surge to $100 a barrel next year as travel demand rebounds, the Bank of America Corp.…
FG To Remove Over 3000 Shipwrecks From Coastline
With over 3,000 shipwrecks littering Nigeria’s coastline, the Federal Executive Council (FEC) has approved the removal of shipwrecks from Badagry…
Nigerian Banks Stocks Cheaper Than African Peers – Report
Despite a significant rally in their share prices in recent time, share prices of banks qouted on the Nigerian Stock Exchange…
Shippers’ Council Shut Down Firm Collecting Charges In Dollar
The Nigerian Shippers’ Council (NSC) has shutdown Associated Port & Marine Development Company Limited (APMDC) for charging its customers in…
Bitcoin Will Plunge To $25,000, Says JPMorgan
JPMorgan Chase’s analysts have said that bitcoin price will decline to the $25,000 level before longer momentum will signal capitulation.…
Nigeria’s External Reserves Drop By Over $100m In Three Days
Nigeria’s external reserves fell by $100 million in three days, from June 26 to June 28, as the figures continued…
Dollar Set For Best Month Since March, Payrolls Test Looms
The dollar was heading for its biggest monthly rise since March on Wednesday, supported by traders’ trepidation ahead of unpredictable…
India Sees Return To Normal Oil Demand By Year-End
India expects fuel demand to get back to pre-virus levels by the end of 2021 as the world’s third-biggest oil…
China’s Digital Yuan Is Key Risk For Euro, ECB’s Villeroy Says
China’s rapid progress in developing a digital yuan poses a key risk in preserving the euro’s international role, said European…
UPDATE 1-Sterling Transactions Blocked On Crypto Exchange Binance, Users Say
Customers of the Binance cryptocurrency exchange said on Tuesday they were unable to deposit or withdraw sterling from the platform,…
Monetary Sovereignty At Risk In Push For Digital Euro – French Central Banker
Europe’s sovereign control over its money is at risk if it does not push ahead with plans for a digital…
AMCON, Jimoh Ibrahim Bicker Over NICON Hotels Sale
The Asset Management Corporation of Nigeria (AMCON) and billionaire businessman Jimoh Ibrahim are at daggers drawn over the sale of…
Canadian Dollar Hits 1-Week Low As Delta Variant Hits Sentiment
The Canadian dollar weakened on Tuesday for a second day against its broadly stronger U.S. counterpart as new coronavirus outbreaks…
Banks’ Earning Assets Grow By 32% In 10 Years-Coronation Report
The top six Nigerian banks recorded 32 per cent growth in their interest earnings assets in ten years from 2010…
CBN Warns Against Naira Abuse
The Central Bank of Nigeria has frowned on continued abuse of currency note by the general public, especially during weddings…
Oil Steady With OPEC+ Hike Expected To Lag Behind Demand Revival
Oil held steady near the highest level since 2018, with an OPEC+ meeting this week expected to bring supply increases…
Firms To Produce From Neighbouring Countries Over New Gas Prices, Others
With the new gas price regime expected to kick off on July 1, alongside challenges of currency devaluation and access…
House Summons FIRS Over $30b Revenue Leakages
The House of Representatives Committees on Finance and Banking and Currency have summoned the Federal Inland Revenue Service (FIRS) to…
Endangered CBN’s Anchor Borrowers’ Programme
For a country battling insecurity and facing severe food shortages, it is scary that a novel government programme to boost…