NSE All-Index Rises 4% As Market Opens On Positive Note
The stock market opened on a highly bullish note as shares surged further lifting the…
Category: Business
UAE Reiterates It Currently Doesn’t Plan To Raise VAT
The United Arab Emirates reiterated that it doesn’t have any plans at the moment to…
OPEC: COVID-19 Effects On Oil Market Horrifying
The Organisation of Petroleum Exporting Countries (OPEC) has said the level of decline experienced in…
Nigeria Exempts Dangote Cement From Land Border Closure
The Nigerian government has allowed Dangote Cement to resume exports across its land borders, raising…
CBN Opposes Bid To Remove Arabic From Naira Note
The Central Bank of Nigeria (CBN) has opposed a suit seeking to remove the Ajami…
Wealthy Nigerians Seek To Secure Future With Dominica’s Citizenship By Investment Programme
LONDON, Nov. 10, 2020 /PRNewswire/ — With a looming recession, inflation on the rise and…
Naira Sells N465/$1 At Black Market Monday After N1 Loss
Traders witnessed the weakening of the Naira by N1 against the US Dollar at the…
Biden Boosts The Euro, But The Dollar’s Still King
There’s nothing quite like a little bit of dollar weakness to signal traders and investors…
Nigerian Oil Workers Set Strike Over IPPIS
With the impact of the recent #EndSARS protests, which virtually grounded the country’s economy for…
Oil Jumps On Vaccine Hopes, OPEC+ Signal To Tweak Deal
Oil jumped on Monday by almost 10%, the highest daily rise in almost 6 month,…
Sterling Hits Nine-Week High Overnight; Steadies Before Next Brexit Talks
Sterling edged up in early London trading on Monday after reaching a nine-week high versus…
Riskier Currencies Maintain Gains Vs Dollar On Biden Election Win
The dollar stabilised on Monday after tumbling to a 10-week low in the wake of…
China’s Yuan Extends Best Week Since 2017 On Biden’s Victory
The yuan extended its recent rally as the dollar weakened following Joe Biden’s presidential victory…
#EndSARS Protest Disruption Costs Economy N1.5tn – FDC
The economic cost of the #EndSARS protest disruption is estimated at N1.5tn, approximately 1.03 per…
Petrol Scarcity Looms As Oil Workers Down Tools
Nigeria may face the scarcity of Premium Motor Spirit, popularly called petrol, in coming days…
Turkish Lira Jumps On Hopes For Rates Orthodoxy After Departures
The Turkish lira surged the most since March 2019 on speculation higher interest rates could…
Naira Gains At Black Market As Improved Dollar Supply Continues
Forex turnover improved by 9.12% as Nigeria’s exchange rate at the NAFEX window maintained its…
Dollar Sinks After Biden Clinches U.S. Presidency
The dollar hit a 10-week low on Monday as investors heralded Joe Biden’s election as…
We Owe CBN More Than N4tn, Says AMCON
The Asset Management Corporation of Nigeria has said it owes the Central Bank of Nigeria…
Capital Market: Tax Waiver Could Be The Required Incentive
The development of a strong and viable capital market is a complex process and requires…
Banks’ Patronage At CBN’s Liquidity Window Drops To N48b
The Central Bank of Nigeria (CBN) has said that daily patronage of the Standing Deposit…
Brent Crude Tops $40 After Biden’s Win Lifts Risk-Takers
Oil prices gained more than 2% on Monday, with Brent futures rising above $40 a…
Investors Gain N249 Billion At Stock Market Over Strong Firms’ Q3 Results
Investors in the stock market earned about N249 billion last weekend after most of the…
Nigerian, Chinese Firms Sign Agreement On Gold Mining
Japaul Gold and Ventures has signed an agreement with Xiang Hui International Mining Company Nigeria…
Why PPMC Stopped Announcing Monthly Ex-Depot Price
The Nigerian National Petroleum Corporation (NNPC) on Monday revealed why its subsidiary -Pipeline Products Marketing…
Kano Commodity Exchange Market Begins Operation Q1 2021
The Kano Gezawa First Commodity and Exchange Market, established by the Accountant General of the…
Import Ban Alone Can’t Fix Textile Sector – Stakeholders
Despite the federal government’s concerted efforts to revitalise the nation’s over 250 moribund textile mills…
Is Bitcoin An Asset A Commodity Or A Currency?
As the price of Bitcoin continues to balloon, we look back at how the cryptocurrency…
Nigeria To Lose $24bn Oil, Gas Investments In Six Years
By Michael Eboh Nigeria will lose $24 billion in investments in the oil and gas…
Naira Appreciates Against Dollar, Euro at Black Market
At the market, Business Post gathered that the local currency closed at N464/$1, gaining N1…