Category: Business

Nigerian stocks are leading continental peers amid renewed investors’ appetite in bellwether stocks, an analysis by TheCable has shown. Nigerian stocks, still down -3.2 percent year-to-date is ahead of South…

When portuguese mariners first dropped anchor in the mouth of the river Pra in what is now Ghana, they heard of goldfields so rich that for the following five centuries…

The BackEnd explores the product development process in African tech. We take you into the minds of those who conceived, designed and built the product; highlighting product uniqueness, user behaviour…

The Federal Government has put up for sale a jet in the presidential fleet, Hawker 4000 aircraft with registration number, 5N-FGX/: RC 066. The business-size jet which entered into service…

The pound sank against the US dollar (GBPUSD=X), continuing a negative trend early on Thursday, ahead of the UK chancellor Rishi Sunak unveiling his plan to protect jobs this winter.…

Disburses N200 billion in 2020 dry season farming The Central Bank of Nigeria (CBN), has approved additional incentives under its Anchor Borrowers Programme (ABP), through which it will share equal…

Nigerian art collector Yemisi Shyllon wants to see works created by Nigerian artists and the country’s historical artefacts receive the same recognition at home as they are increasingly attracting overseas.…

In August 2018, a report on the state of cryptocurrency regulation across Africa came back with one obvious conclusion: most countries were undecided on what to do. In fact, 21…

Members of Organised Private Sector (OPS) have described Tuesday’s reduction of the Monetary Policy Rate (MPR) from 12.5 per cent to 11.5 per cent by Monetary Policy Committee (MPC) of…

The U.S. dollar reached a two-month high on Thursday as concern grew over the resilience of an economic recovery in the United States and Europe amid a second wave of…

The next phase of the economic recovery is likely to be driven by commodity-intensive infrastructure investment, analysts have told CNBC, potentially setting the stage for further gains across the industrial…

Oil dropped in London and New York following warnings over global energy demand and the state of the U.S. economy. Crude fell along with other risky assets after Federal Reserve…

Euro-zone banks took 174.5 billion euros ($203 billion) in another dose of ultra-cheap funding as the European Central Bank gives them every possible incentive to keep lending to the pandemic-stricken…

Pharmaceutical Society of Nigeria (PSN) has appealed to the Central Bank of Nigeria (CBN) to prioritise allocation of foreign exchange (forex) to beneficiaries of the N100billion intervention fund to procure…

The Federal Government (FG) has released the guidelines to access the N75 billion Micro, Small and Medium Enterprises (MSME) Survival Fund and Support Initiatives, which took effect from September 21,…

The Nigerian Shippers Council (NSC) has threatened to seal up Denca and Kachicares bonded terminals over illegal storage charges as well as lack of adequate handling equipment in the terminals.…

Sterling edged slightly higher on Thursday ahead of an eventful day with Chancellor Rishi Sunak expected to unveil a new set of measures to support the COVID-hit economy. Sunak, who…

The Association of Bureaux De Change Operators of Nigeria (ABCON) yesterday appealed to the Central Bank of Nigeria (CBN) to allow its members include electronic trading of foreign exchange (FX)…

SINGAPORE — Expect the Japanese yen to strengthen dramatically against the dollar in the long run, according to a prediction by one strategist at Societe Generale. Societe Generale’s Jason Daw…

The Manufacturing Purchasing Managers’ Index (PMI) stood at 46.9 index points in September, indicating contraction in the manufacturing sector for the fifth time, According to the PMI report for September…

The production cuts by the Organisation of the Petroleum Exporting Countries and its allies are expected to result in a relatively balanced market next year, the United States Energy Information…

Turkey’s central bank raised interest rates for the first time since a currency crisis in late 2018, surprising most economists after a series of backdoor measures fell short of stabilizing…

European stocks closed higher Wednesday as investors reacted to key data releases from the euro zone and weighed up the possibility of further stimulus measures for the region. TICKER COMPANY…

The economic damage of a no-deal Brexit would be “two to three times” greater than COVID-19 over the long run, a think tank has warned. A report by think tank…

DEVELOPMENT of domestic capacity in methylformate-based innovations and production will boost the country’s foreign reserves and enhance its compliance status as climate-friendly. Speaking at the inauguration of Systems House of…

A former Emir of Kano, Muhammadu Sanusi II, has lamented the effects of wrong economic decisions on Nigerians. He said this yesterday while delivering a keynote address at the fifth…

In recent times, any adjustment of FX rate by the CBN in an attempt to reduce the gap between the official rate and the parallel rate has always produced equivalent…