Real Time Financial News Website
Exchange rate depreciates at NAFEX window as forex liquidity drops further by 57%, Central Bank Continues intervention in Forex market to stabilize Naira, Naira to depreciate slightly over $1.52 billion…
The Nigerian Ports Authority has generated a revenue of N1.02tn in the space of three years under the tenure of Managing Director, Hadiza Bala-Usman. This is according to a tweet…
The Organisation of Petroleum Exporting Countries (OPEC) has projected that despite the growing need for renewables as a source of energy, crude oil and its associated products will remain the…
Government bond yields in the euro area held near recent lows on Tuesday, with even hefty supply failing to put much of a dent in a market bolstered by expectations…
Britain’s unemployment rate rose by more than expected in the three months to August, before the end of the government’s broad coronavirus job-protection plan and the imposition of new restrictions…
The dollar bounced back from a three-week low on Tuesday as market players bought it back, particularly against riskier peers, after Chinese authorities appeared to be trying to put a…
2021 Budget of Economic Recovery and Resilience President Muhammadu Buhari presented the 2021 proposed budget, titled the Budget of Economic Recovery and Resilience, at the Joint Session of the National…
Following the approval of the 2021 – 2023 Medium-Term Expenditure Framework and Fiscal Strategy Paper, President Buhari has presented the 2021 Budget (Appropriation Bill) to the joint session of the…
Increasingly, Nigeria’s yearly appropriations are gaining more weight. The 2021 estimate President Muhammadu Buhari presented to the National Assembly last week is more than twice his first budget in office…
President of the Nigerian-Belgium Chamber of Commerce (NBCC), Timi Austen-Peters, has said that the potential in the agriculture sector can bail the country out of the perennial foreign exchange (FOREX)…
Pubs and bars in Liverpool face closure from Wednesday, after UK prime minister Boris Johnson announced tougher new restrictions to tackle the the COVID-19 second wave. Johnson on Monday confirmed…
THE naira appreciated by N8 in the last one week at the parallel market and the equities market recorded major gains of N777.9 billion as oil prices picked up. The…
Oil prices fell on Monday as force majeure at Libya’s largest oilfield was lifted, a Norwegian strike affecting production ended and U.S. producers began restoring output after Hurricane Delta. Brent…
The federal government and the organised labour last night resolved to extend the suspension of the new electricity tariffs by one week to enable the technical committee on its review…
The Maritime Workers Union of Nigeria has identified four shipping companies responsible for the gridlock caused by heavy duty trucks on Oshodi-Apapa Expressway. The organisation said the action of the…
At a time like this when the global pandemic has put more countries than ever imagined in a state of economic turmoil, Nigeria was not left out as the Central…
The Manufacturers Association of Nigeria Export Promotion Group (MANEG) has called on the Federal Government to pay the outstanding Export Expansion Grant (EEG) debt amounting to N150 to N200 billion…
THE President, Federation of Agricultural Commodity Associations of Nigeria (FACAN), Dr Victor Iyama, has urged for efforts to get Nigeria out of the European Union’s (EU) ban next year. In…
Sterling edged lower against the dollar on Monday with British Prime Minister Boris Johnson expected to announce new restrictions as the COVID-19 outbreak accelerates, but hopes for a Brexit deal…
The dollar held near three-week lows on Monday amid optimism about fiscal stimulus in the United States, while the yuan fell after China’s central bank changed its policy on yuan…
The yuan came under pressure in early Monday trade, dragging regional counterparts lower with it, after authorities made it easier to bet against the currency’s gains. The offshore rate dropped…
The Central Bank of Nigeria has ordered banks to comply with the SWIFT universal payment confirmation. It stated this in a circular titled ‘Compliance with the SWIFT universal payment confirmation’…
Experts from Canada have started pushing for the cultivation and development of non-intoxicating Cannabis, Cannaidiol (CBD oil) and industrial hemp markets in the country. According to the group, Grow CANN…
Stakeholders in the financial sector have decried the multiple exchange rates in the country, saying it is fueling unwholesome practices in the system. Some of the stakeholders, who spoke to…
The Nigeria Customs Service (NSC), Area ll Command, Onne Port, Rivers State has announced that it generated a total of N13.106 billion for the month of September 2020. The command…
NIGERIA has witnessed a steady decline in Foreign Direct Investment in recent time. According to data from the National Bureau of Statistics, Foreign Direct Investment was USD1.19 Billion in 2018…
The President/Chairman in Council, Chartered Institute of Professional Printers of Nigeria, Olugbemi Malomo, in this interview with NIKE POPOOLA, speaks on the need to revive the moribund paper mills in…
Ahead of the planned takeoff of the much hyped African Continental Free Trade Agreement (AfCFTA) in January 2021, for the rest of the continent, one way to succeed with the…
When the world’s financial markets hit turbulence, could you really turn to China’s yuan as a store of value? The idea of the yuan as a refuge has gained some…
Emerging-market investors are beginning to factor in a victory for Joe Biden in next month’s election, a likely boon for stocks and bonds. Citigroup said the worst is over for…