Real Time Financial News Website
Petroleum marketers have urged the Federal Government to take decisive steps in addressing deregulation concerns in the downstream sector to avoid a civil unrest that may arise when oil prices…
The dollar was up on Tuesday morning in Asia, with doubts over the status of the latest U.S. stimulus measures continuing to linger. The Chinese yuan continued near a two-year…
Sterling traders kept the currency afloat on Tuesday as they searched for clues on how likely it was for Britain to reach a trade deal with the European Union by…
The implementation of the African Continental Free Trade Area (AfCFTA) will significantly boost intra-African trade within the next 10 years. The Secretary-General of the AfCFTA, Wamkele Mene, who disclosed this…
Trading volume at the stock market declined by 41.3 per cent yesterday as investors adopted cautious trading. Investors exchanged 287.3 million shares worth N3.4 billion down from 489.111 million shares…
The naira fell slightly at the parallel market on Monday, as it exchanged to the dollar for N460/$ as of the close of work. The naira had exchanged to the…
In the last 5 years, the CBN and the federal government have been pumping billions of naira into the Agric space. A total of N190.0bn has been disbursed under the…
The euro struggled to rise above the $1.18 level on Tuesday as fading hopes for a U.S. coronavirus aid package dealt a blow to risky assets worldwide, with rising coronavirus…
(Bloomberg) — Oil in New York fell slightly under $41 a barrel after the OPEC+ Joint Ministerial Monitoring Committee made no mention of any changes to a plan to further…
The Naira opened the week on a negative note on Monday at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market after recording a price depreciation of…
The pound rose against the euro (GBPEUR=X) and dollar (GBPUSD=X) on Monday morning as traders digested media reports that UK officials would consider amending Boris Johnson’s controversial lawbreaking Brexit bill.…
Trade is one of the key factors responsible for interaction among nation-states. It involves goods and services, and connects communities, countries and continents. Essentially, a free trade area is a…
The Federal Government on Monday reassured the business community in the South East of its commitment to concession the Onitsha River Port for full operations. The Managing Director of the…
Like many countries, Thailand is giving citizens cash transfers to help them ride out the coronavirus pandemic. But the military-backed government that rules the country is getting something potentially valuable…
(Bloomberg) — Oil traded near $41 as hopes for a last-ditch pre-election deal to inject more stimulus into the U.S.’s pandemic-ravaged economy were countered by accelerating virus cases. Futures in…
Following the ongoing protests against police brutality in the country, airfares on domestic routes have increased. The increase in the price regime was reflected by several carriers on weekend flights…
Asia’s trade-exposed currencies held firm on Monday as data showed China’s economic rebound from the pandemic accelerated in the third quarter, with the yuan surging to a fresh 1-1/2-year high…
Lekki Port LFTZ Enterprise Limited (Lekki Port), the developer of the Lekki Deep Sea Port under construction at the Lagos Free Zone, Ibeju-Lekki, has started the construction of the 680m…
BEIJING — China’s economy recovered further from the coronavirus in the third quarter, according to data released Monday by the National Bureau of Statistics. The world’s second-largest economy reported third-quarter…
The liabilities of the Nigerian National Petroleum Corporation as a group exceeded the assets of the oil firm by N4.4tn in 2019, the just released audited financial statements of the…
Lekki Port LFTZ Enterprise Limited (Lekki Port), the developer of the Lekki Deep Sea Port under construction at the Lagos Free Zone, Ibeju-Lekki, has started the construction of the 680m…
“I’m shocked, shocked!” Captain Renault’s famous line from Casablanca immediately came to mind as I read the New York Times’ account of Trump administration officials privately sharing concerns about the…
The Federal Government has said that the $1.5bn steel plant that is nearing completion in Kaduna State will attract automobile industries to Nigeria when completed. Minister of Finance, Budget and…
The Executive Secretary/CEO of the Nigerian Shippers Council (NSC), Hassan Bello has said that the Kano Inland Dry Port (IDP) will be a transit port that would connect landlocked countries…
British Airways is planning to shrink its presence at London Gatwick Airport as part of a “bounce-back” effort in the wake of the Covid-19 pandemic. BA, which warned it could…
China will see its economy expand by about 2% this year as it has got the coronavirus pandemic under control, central bank governor Yi Gang said on Sunday, signalling confidence…
The Nigeria Commodity Exchange has pledged to support farmers in Borno State to boost the level of agricultural output. The Head, Corporate Communications and Strategy, Mr Chris Echikwu, said this…
The Organisation of Petroleum Exporting Countries (OPEC) at the weekend said there would likely be no recovery in oil demand or prices next year because the COVID-19 pandemic would be…
More than a decade ago, Gulf Arab nations struggled to preserve their currency pegs as the dollar went into retreat. This time, the link to a sliding greenback may give…
For pound traders who have weathered more than four years of Brexit talks, anything short of a resolution one way or the other by the beginning of November is a…